Doors Market share research by applications and regions for 2017-2024

Commercial Doors Market will witness a valuation of
over USD 60 billion by 2024: Global Market Insights
Inc.
An outlook on Doors Market growth is presented in this latest research report that
reviews industry growth drivers, trends, regional factors & companies as well as
provides forecasts for next few years. Global Doors Market size is estimated to
exceed USD 140 billion by 2024; according to a new research report by Global
Market Insights, Inc.
Rapid development and increasing spending on residential & commercial projects
owing to need to improve occupancy ratios and average room rates in hotels will
drive door market growth. As per the industry estimates, Asia Pacific spending on
the construction sector was over USD 3 trillion in 2016, with China being a major
contributor, spending over USD 1 trillion. The volume of construction output is
expected to grow by over 85%, valued at around USD 15 trillion worldwide by 2030.
Population growth led to a surge in urban development projects have witnessed a
strong upsurge and expected to continue the same over the forecast timeframe.
The hospitality sector is anticipated to renovate existing infrastructure with
development of spas, resorts and luxury hotels for catering to the needs of tourists
while ensuring a comfortable stay. In 2016, the global tourism industry was valued at
over USD 7.6 trillion, with increased international tourist arrival from 528 million in
2005 to around 1.19 billion in 2015. The international tourist arrival figure is expected
to surpass 1.8 billion by 2030.
Hinged product segment was valued at over USD 20 billion in 2016. Effective light &
sound proofing, draughts reduction, ease of usage and maximizes space in the small
rooms are among the key factors driving product demand. Sliding will observe gains
at 4.7% up to 2024. High versatility & flexibility, ideal for saving space, mainly in
small offices and effortless operation are the key factors propelling the product
demand.
uPVC accounted for over 25% share in 2016. This is due to high demand for energy
efficient and light weight profiles that require less maintenance. The material
provides an appropriate level of the insulation against noises from outside. Besides,
fully recyclable property is projected to attract more attention during forecast time
frame. Stringent government regulation due to growing environmental concern with
pollution caused from metal doors production is a major factor, hampering global
doors market growth.
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Wood material will be valued at over USD 70 billion by 2024. High insulation,
minimal maintenance, long life, least affected by temperature and aesthetic appeal
offered are the factors anticipated to support the material demand.
U.S. Doors Market Size, By Material, 2016 & 2024 (Million Units)
Residential was valued at over USD 60 billion in 2016. Outdated infrastructure
coupled with rising awareness among people has resulted in a major public policy
shift in developed countries, favoring improved infrastructure maintenance and
accelerated infrastructure construction.
Commercial applications will witness gains at 5% up to 2016. Increased adoption of
eco-friendly product for minimizing environmental effects in numerous sectors
including, transport, healthcare and retail are the factors supporting product demand
in commercial application.
North America doors market will witness over 4.5% up to 2024. The industry growth
is mainly driven by increasing need for improving old infrastructure and growing
trend of the impact resistance doors.
Asia Pacific doors market was valued at over USD 40 billion in 2016. Changing
lifestyle and growing tourist influx has resulted in high investment for the construction
of hotels & recreation centers in the region. These developments are projected to
drive industry growth in Asia Pacific during forecast period.
Global doors market share is consolidated due to presence of few industry players
that hold majority of industry share. Some of major players are Andersen
Corporation, Jeld-Wen Holding, Pella Corporation, Lixil Group Corporation, Masco
Corporation, YKK Corporation, Atrium Corporation and MI Windows and Doors.
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Segmentation of Doors Market:
Global doors market research report includes in-depth coverage of the industry with
estimates & forecast in terms of volume in Million units and revenue in USD Million
from 2013 to 2024, for the following segments:
Global Doors Market, By Product
o
o
o
o
Hinged
Sliding
French
Others
Global Doors Market, By Material
o
o
o
o
uPVC
Wood
Metal
Others
Global Doors Market, By Application
• Residential
• New residential
• Improvement & Repair
• Commercial
• New Commercial
• Improvement & Repair
The above information has been provided on a regional and country basis for the
following:
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Italy
• France
• Russia
• Belgium
• Poland
• Asia Pacific
• China
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• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Latin America (LATAM)
• Brazil
• Mexico
• MEA
• Saudi Arabia
• Qatar
• UAE
• South Africa
Browse Related Report:
Windows & Doors Market Size By Material (uPVC, Wood, Metal), By Application
(Residential [New Residential, Improvement & Repair], Commercial [New
Commercial, Improvement & Repair]), Industry Analysis Report, Regional Outlook
(U.S., Canada, Germany, UK, Italy, France, Russia, Belgium, Poland, China, India,
Japan, South Korea, Indonesia, Malaysia, Brazil, Mexico, Saudi Arabia, Qatar, UAE,
South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast,
2017 – 2024
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