Doors Market demand to surpass $182 Bn by 2027; Global Market Insights Inc.


Selbyville, Delaware, March 11, 2021 (GLOBE NEWSWIRE) —

Global Market Insights Inc. has recently added a new report on the doors market which estimates the market valuation for doors will cross US$ 182 billion by 2027. Growing demand from the residential sector will positively influence revenue generation.

Technological advancements, growing residential & commercial construction activities, and a rise in remodeling & home renovation expenditures will drive doors market growth. The rapid urbanization and industrialization in various countries, such as China, India, Nigeria, Malaysia, and Vietnam, are expected to provide improvement and repair opportunities for the product. Furthermore, the rapid development and penetration of smart home technologies in various developed countries of North America and Europe will further have a positive impact on industry.

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French doors will witness significant growth with their use in houses that have conventional architectural designs. They are installed with outward openings toward gardens, terraces, balconies, and covered patios. The integral part of these doors is the top & bottom stainless steel shoot bolts that firmly fasten the door movement without a framework. Furthermore, they are equipped with zinc hooks to strongly fasten the movement of the two doors. These features will drive product demand over the forecast timeframe.

Wood will cross USD 80 billion by 2027 in doors market size. Improved aesthetics, optimized waste generation, high-performance, low carbon emission, longer life cycles, and better insulation are the key factors driving the wooden doors demand. Wooden framing is favored over other materials by several architectural and construction companies to build ‘Green buildings’ by integrating natural materials into construction activities.

The residential segment will hold significant share as the manufacturers are focusing majorly on new construction owing to higher profitability achieved through new residential construction. Increasing demand for energy-efficient products, particularly in new residential construction will support the overall market growth. Furthermore, industry players focus on providing improved products for construction activities owing to the development of the infrastructure industry.

In 2020, Europe will hold around 20% share in the global doors market size and is driven by the establishment of new structures and renovation of the existing residential & commercial buildings. Government policies to meet carbon reduction targets by encouraging energy-efficiency measures in the existing buildings have also spurred the demand for doors.

The doors market is facing a strong demand owing to rising housing projects. Low-interest rates and high levels of net migration are key factors responsible for the housing sector growth. According to the European Commission estimates, 3.6 million migrants need to be accommodated by 2020, requiring 350,000 new dwellings annually. Government support through the introduction of the Housing Construction Campaign to tackle housing shortages in Europe will provide a positive outlook for door manufacturers.

Some major findings of the global doors market report include:

  • The government organizations across the globe are investing heavily in residential construction along with the development & upgrading of commercial spaces, propelling the industry growth.
  • Wood-based doors provide easy machinability and the availability of a wide range of customization alternatives are expected to propel product demand during the forecast period.
  • Key manufacturers in doors industry are Andersen Corporation, DromaKaba, Rite-Hite, Lixil Group Corporation, Atrium Corporation, Pella Corporation, Marvin Windows & Doors, Boon Edam, Gilgen Door System, Geze, PORTALP Automatic Doors, JELD-WEN Holding Inc., and Entrematic.

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Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Global doors industry 360° synopsis, 2017 – 2027

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Material trends

2.1.4    Application trends

2.1.5    Regional trends

Chapter 3   Global Doors Industry Insights

3.1    Industry segmentation

3.2    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Manufacturers

3.3.3    Fabricators and assemblers

3.3.4    Distribution channel analysis

3.3.4.1    B2B

3.3.4.1    B2C

3.3.5    Profit margin trends

3.3.6    Value chain disruptions due to COVID-19

3.3.7    Vendor matrix

3.4    Technology landscape

3.4.1    Innovations in door hardware components

3.4.2    CNC bending and cutting

3.5    Raw material analysis

3.5.1    uPVC

3.5.2    Wood

3.5.3    Metal

3.6    Global construction spending overview

3.7    Industry best practices & key buying criteria

3.8    Regulatory landscape

3.8.1    U.S.

3.8.2    Europe

3.8.3    Australia

3.8.4    China

3.9    Pricing analysis, by region

3.9.1    North America

3.9.2    Europe

3.9.3    Asia Pacific

3.9.4    Latin America

3.9.5    MEA

3.9.6    Cost structure analysis

3.10    Industry impact forces

3.10.1    Growth drivers, by region

3.10.1.1    North America

3.10.1.1.1    Increasing construction of residential infrastructure

3.10.1.2    Europe

3.10.1.2.1    Increasing the replacement of aging infrastructure

3.10.1.3    APAC

3.10.1.3.1    Growing population and IT infrastructure

3.10.1.4    LATAM

3.10.1.4.1    Growth in commercial infrastructure

3.10.1.5    MEA

3.10.1.5.1    Expansion in the construction industry

3.10.2    Industry pitfall & challenges

3.10.2.1    High raw material prices

3.11    Innovation & sustainability

3.12    Growth potential analysis

3.13    Competitive landscape, 2020

3.13.1    Company market share analysis, 2020

3.13.2    Key stakeholders

3.13.3    Strategy dashboard

3.14    Porter’s analysis

3.15    PESTEL analysis

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