USD 124.4 billion
Report ID:
SQMIG20B2045 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
93
|Figures:
76
Doors Market size was valued at USD 99.51 billion in 2022 and is poised to grow from USD 104.28 billion in 2023 to USD 151.74 billion by 2031, at a CAGR of 4.80% during the forecast period (2024-2031).
The global doors market is witnessing steady growth driven by factors such as rapid urbanization, increasing construction activities, and a growing focus on infrastructure development.
The demand for doors is rising across residential, commercial, and industrial sectors, with a strong emphasis on energy efficiency, aesthetics, and security. Technological advancements have led to the introduction of smart doors integrated with advanced features like biometrics and remote monitoring.
Additionally, the market is experiencing a shift towards sustainable and eco-friendly materials, as environmental concerns gain prominence. The key players in the doors market are continuously innovating to meet evolving consumer preferences and capitalize on emerging opportunities.
The expanding e-commerce industry is also boosting the online sales of doors, providing convenience and accessibility to consumers worldwide.
Furthermore, the trend of customization and personalization in interior design is driving the demand for aesthetically appealing and unique doors, offering manufacturers opportunities for product differentiation.
Overall, the global doors market is poised for substantial growth in the future, driven by urbanization, technological advancements, security concerns, sustainability initiatives, and evolving consumer preferences.
US Doors Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 124.4 billion
Largest Segment
residential
Fastest Growth
residential
Growth Rate
5.2% CAGR
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The global doors market can be analyzed based on various segments, considering factors such as material type, application, mechanism, and region. In terms of material type, doors can be categorized into wood, metal, glass, and others, each offering unique characteristics and aesthetic appeal. When considering applications, doors find their usage in residential, commercial, industrial, and institutional sectors. The mechanism segment includes hinged, sliding, folding, and revolving doors, providing diverse options for different spaces. Geographically, the doors market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Analysis By Material
The global doors market analysis by material reveals a diverse landscape driven by consumer preferences and technological advancements. Wood remains a popular choice, providing a classic and warm aesthetic, especially in residential applications.
However, the demand for alternative materials such as steel and fiberglass is rising due to their superior durability, security features, and energy efficiency. Additionally, the increasing focus on sustainability has led to a surge in the adoption of eco-friendly materials like composite and recycled materials. Overall, the doors market is witnessing a shift towards innovative materials that offer a combination of style, functionality, and environmental consciousness to meet the evolving needs of consumers worldwide.
Analysis By Application
The global doors market share encompasses a wide range of applications across various sectors. In the residential segment, doors are essential components for homes, providing security, privacy, and aesthetic appeal. In the commercial sector, doors play a vital role in offices, retail spaces, and hospitality establishments, offering functionality and enhancing the overall design. Industrial applications require durable and robust doors to facilitate efficient operations in factories, warehouses, and manufacturing facilities.
Additionally, the institutional sector, including educational institutions and healthcare facilities, relies on doors for safety, accessibility, and partitioning purposes. With the growing construction industry and increasing focus on security and energy efficiency, the global doors market continues to witness steady growth across these diverse applications.
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The global doors market exhibits diverse regional insights, with different regions experiencing varying trends and factors driving market growth. In North America, robust construction activities, coupled with increasing renovation projects, contribute to the market expansion.
Europe showcases a strong demand for energy-efficient doors, driven by stringent regulations and sustainable building practices.
The Asia-Pacific region witnesses significant growth due to rapid urbanization, expanding commercial infrastructure, and a rising middle-class population.
In Latin America, the doors market experiences steady growth supported by the construction sector's recovery and residential development.
Meanwhile, the Middle East and Africa display promising market potential, driven by increasing construction projects and infrastructure investments in the region.
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Drivers
Rise of Construction and Urbanization
Restraints
High Cost of Raw Materials
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The global doors market is highly competitive, characterized by the presence of numerous players vying for market share. These companies focus on product innovation, advanced manufacturing techniques, and strategic partnerships to gain a competitive edge. They offer a wide range of doors, including interior, exterior, and specialty doors, catering to diverse customer requirements. Moreover, these players actively invest in research and development activities to introduce technologically advanced and energy-efficient door solutions. To expand their market presence, companies engage in mergers and acquisitions, targeting regional and international expansion. Additionally, strong distribution networks, brand recognition, and effective marketing strategies are crucial factors contributing to their competitive advantage. With growing construction activities and rising demand for energy-efficient and aesthetically appealing doors, the competition within the global doors market is expected to intensify further, prompting companies to constantly innovate and deliver high-quality products.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, The global doors market holds promising future prospects as various factors contribute to its growth. Rapid urbanization and industrialization worldwide are driving the demand for doors across residential, commercial, and industrial sectors. The construction industry's robust growth, coupled with increasing infrastructure development projects, is further fueling the market's expansion. Technological advancements have led to the emergence of innovative door solutions, such as smart and energy-efficient doors, which are gaining traction among consumers. Additionally, the rising focus on security and safety has elevated the demand for sturdy and reliable doors equipped with advanced locking systems. Moreover, the growing awareness regarding environmental sustainability is fostering the adoption of eco-friendly materials in door manufacturing, contributing to the market's development.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 99.51 billion |
Market size value in 2031 | USD 151.74 billion |
Growth Rate | 4.80% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Doors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Doors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Doors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Doors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20B2045
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