Press release
Global Doors Market 2024: Growth Opportunities, Future Insights, Regional Segmentation, Latest Innovations, and Forecast to 2033
Global Doors Market
The doors market size is expected to see rapid growth in the next few years. It will grow to $237 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to aging population and universal design, increased security solutions, energy-efficient doors, commercial and industrial sector expansion, and emerging market growth
. Major trends in the forecast period include touchless and contactless entry solutions, smart and iot-enabled doors, technological advancements, strategic collaborations, use of innovative engineered wood.
Market Overview -
Doors are hinged, movable barriers that control the atmosphere of the place by controlling the air drafts, increasing the visual appeal of the buildings. These are the most commonly used structures in any construction. The doors are used mainly to separate the interior spaces for privacy, security reasons, and others.
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Rapid Urbanization Drives The Doors Market
The rapid urbanisation all over the globe is significantly contributing to the growth of the doors market. Urbanisation refers to the population movement from rural to an urban setting and increasing human population densities in urban areas. Rising urbanisation is increasing the demand for new residential and non-residential buildings, which will further provide opportunities for the doors market expansion. For instance, according to the Department of Economic and Social Affairs, United Nations, 68% of the world's population, i.e. 2.5 billion people, are projected to live in urban areas by 2050. Therefore, rapid urbanisation all over the globe will drive the door market.
Competitive Landscape -
Major companies operating in the doors market include Allegion plc, Andersen Corporation, Assa Abloy AB, Jeld-Wen Inc., KONE Corporation, Masco Corporation, Masonite International Corporation, Pella Corporation, PGT Innovations Inc., Simpson Door Company, American Automatic Doors Inc., Geze GmbH, Shakti Hormann Private Limited, Lixil Group Corporation, Ply Gem Holdings Inc., Fortune Brands Home & Security Inc., YKK AP Inc., Marvin Windows and Doors, Therma-Tru Doors, Clopay Building Products Company Inc., The Overhead Door Corporation, Wayne Dalton Corp., C.H.I. Overhead Doors Inc., Amarr Co. Inc., Raynor Manufacturing Company, Haas Door Company, Richards-Wilcox Inc., Midland Garage Door Mfg. Co., Northwest Door Inc., Windsor Door Siding and Windows, TruStile Doors LLC, Eggers Industries, VT Industries Inc., Algoma Hardwoods Inc., Graham Wood Doors, Karona Inc., Lynden Door Inc., Oshkosh Door Company, Rogue Valley Door Inc., Sierra Pacific Windows Inc.
Technological Advancements Transform The Door Market
Technological advancements are a key trend gaining popularity in the doors market. Technological advancement is a discovery of knowledge that advances technology. Companies in the doors industry are developing new technologies for market growth. For instance, in April 2021, Assa Abloy, a Sweden-based company that offers products and services related to doors, is developing automatic sliding digital displays doors by combining LG Electronics' industry-leading organic light-emitting diode display technology. These doors will display images and videos using various technologies.
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Key Segments -
The doors market covered in this report is segmented -
1) By Material : Wood, Glass, Metal, Composite, Plastic
2) By Mechanism: Swinging Doors, Sliding Doors, Folding Doors, Overhead Doors
3) By Application: Non-residential, Residential
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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