India Doors Market Size, Share, Competitive Landscape and Trend Analysis Report 2032

India Doors Market Overview

The India Doors Market reached $10,209.3 million in 2021 and is expected to grow to $16,370.39 million by 2031, with a CAGR of 4.8% from 2022 to 2031. In terms of volume, the India interior doors market was 2,754 thousand metric tons in 2021 and is projected to increase to 3,816 thousand metric tons by 2031, growing at a CAGR of 3.2% during the same period. A door typically consists of a door panel, frames, and hardware, serving as a barrier between spaces within buildings and at building entrances.

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Types of Doors

There are two main types of doors: interior and exterior. Interior doors are lightweight and may have a hollow core, primarily used to separate rooms within a building. Exterior doors, on the other hand, are robust to withstand harsh weather conditions and resist forced entry. Doors come in various materials and designs to match the building's interior or exterior aesthetics.

Market Dynamics

The growth of the construction sector in India, driven by population growth and urbanization, fuels the doors market. India's population is projected to reach 1.52 billion by 2036, with urban areas seeing a 70% increase. The real estate industry, encompassing housing, retail, hospitality, and commercial sectors, is a major employment generator and has witnessed rapid growth. Residential property demand has surged, making India one of the top 10 housing markets globally.

Significant investments have been made in Indian real estate, with major cities like Bengaluru, Ahmedabad, and Pune being preferred investment destinations. The residential real estate sector saw an 11% YoY growth in the fourth quarter of 2022, and the construction of retail, hospitality, and commercial buildings is increasing, meeting India's infrastructure needs. The IT and service sectors' growth has also spurred commercial building construction.

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Market Drivers and Restraints

Construction projects and home renovations are driving market growth. Government incentives for green building construction and energy-efficient renovations further boost the interior doors market. However, fluctuating construction material costs due to global events like the Ukraine-Russia war and the COVID-19 pandemic pose challenges.

Green Building Trend

The demand for green and energy-efficient buildings presents growth opportunities. These buildings require thermally and acoustically insulated doors. Companies like Fenesta Building Systems offer recyclable doors with better thermal properties. The COVID-19 pandemic initially halted the doors market due to construction industry disruptions but has since rebounded with the reopening of businesses.

Segmental Overview

The India doors market is segmented by product type, wood door type, material, installation, and end-user.

By Product Type: Doors dominate the market, with the doors segment expected to grow at a higher CAGR, driven by demand for aesthetically appealing doors and space-saving designs.

By Wood Door Type: Solid wood doors lead the market, favored for their durability and aesthetics. Panel doors are expected to grow rapidly due to their strength and aesthetic appeal.

By Material: Wood dominates the market but engineered wood is expected to grow faster due to its advantages like biodegradability and thermal insulation.

By Installation: Exterior doors are more prevalent, but interior doors are expected to grow due to increasing urbanization and household numbers.

By End User: Residential doors dominate the market, but the non-residential segment is growing faster due to commercial building renovations.

Competition Analysis

Key players in the India doors market include Century Plyboards, DCM Shriram Ltd. (Fenesta Building Systems), Greenply Industries, and many more. These companies focus on business expansion and product launches to remain competitive.

Benefits for Stakeholders

The report offers insights into current and emerging market trends, key product positioning, competitive landscape analysis, regional opportunities, and a forecast from 2022 to 2031. It profiles key market players and analyzes their strategies.

Analyst Review

Industry leaders report significant growth in the India doors market due to increased spending on construction and home renovation. The demand for eco-friendly door materials and space-saving door designs is rising. However, fluctuating construction material costs pose challenges, while the demand for energy-efficient doors presents growth opportunities.

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