“The doors market is projected to grow at a CAGR of 4.86% from 2017 to 2022”
The doors market is estimated at USD 81.67 billion in 2017 and is projected to reach USD 103.52 billion by 2022, at a CAGR of 4.86%. It is projected to grow over the next five years as a result of the growing construction industry. Factors such as rapid urbanization, rising residential & non-residential construction, growing middle-class, and rising income levels, especially in emerging economies such as India and China are expected to drive the doors market in the future.
“Based on product type, the interior doors segment is estimated to account for the largest share of the doors market in 2017”
The interior doors segment is estimated to lead the doors market in 2017; this segment is projected to retain its leading position through 2022. This growth can be attributed to the increased awareness and effectiveness of energy-efficient interior door systems among building owners and customers. Also, the rise in new construction and aftermarket activities in the residential sector is expected to propel the demand for interior doors.
“Based on mode of application, the new construction segment is estimated to account for the largest share of the doors market in 2017”
Based on mode of application, the doors market has been segmented into new construction and aftermarket. The new construction segment is estimated to lead the doors market in 2017. With the increasing population, the demand for new constructions is growing in the residential sector. Industrialization, rising income levels, the growing middle-class population, and economic growth will drive investments in new residential and non-residential construction activities.
“The Asia Pacific doors market is expected to witness the highest growth during the forecast period.”
The Asia Pacific doors market is projected to grow at the highest CAGR between 2017 and 2022. China dominated the Asia Pacific doors market in 2016 and is projected to grow at the highest CAGR during the forecast period. The demand for doors is expected to be fueled by rapid urbanization in emerging economies such as India and China. The migration of the rural population to urban areas and the conversion of towns into cities are creating demand for new construction projects, which in turn is stimulating the demand for doors.
Breakdown of Primaries
By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
By Designation: C Level – 35%, Director Level – 40%, Others – 25%
By Region: North America – 25%, Europe – 10%, Asia Pacific – 40%, Middle East & Africa – 15%, and South America – 10%
The key players profiled in the report are as follows:
1. Assa Abloy (Sweden)
2. Allegion Plc (Ireland)
3. Dorma Kaba (Switzerland)
4. Masonite International Corporation (US)
5. Ply Gem Holdings Inc. (US)
6. PGT Inc. (US)
7. Fancy Doors & Mouldings (US)
8. Simpsons Door Company (US)
9. Jeld-Wen Inc. (US)
10. Anderson Corporation (US)
The primary objective of this study is to define, forecast, and segment the doors market on the basis of material, mechanism, product type, application, mode of application, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics, which include drivers, restraints, opportunities, and industry-specific challenges. It also analyzes competitive developments such as mergers & acquisitions, expansions & investments, new product developments, agreements & partnerships, and research & development activities in the doors market.
Reasons to buy the report:
The report will help market leaders/new entrants in this market in the following ways.
• This report segments the doors market and provides the closest approximations of revenue numbers for the overall market and its subsegments across different regions.
• The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges.
• This report will help stakeholders better understand their competitors and gain insights to improve their position in the market. The competitive landscape section includes mergers & acquisitions, expansions & investments, new product developments, agreements & partnerships.