(MENAFN- IMARC Group)
IMARC Group's latest research report, titled“ Doors Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032, ” the global doors market size reached US$ 139.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 235.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
Factors Affecting the Growth of the Doors Industry:
Increasing Construction Activities:
A primary factor driving the global doors market is the rise in construction activities worldwide. This growth is evident in both residential and commercial sectors, contributing significantly to the market size. As urbanization and population growth fuel the demand for new buildings, the need for doors – an essential component in construction – and also shaping market trends, with a focus on innovative designs and materials. Market analysis indicates that the expansion of construction projects, especially in emerging economies, will continue to propel market growth, underlining a positive market outlook for the doors industry.
Technological Advancements and Material Innovation:
The doors market is experiencing a transformation due to technological advancements and material innovation. These developments are crucial in determining market trends, as they directly influence consumer preferences and industry standards. Advancements in automation and smart technology integration indoor systems are gaining traction, affecting the market growth. Moreover, the use of sustainable and energy-efficient materials is becoming increasingly important, influencing market share as environmentally conscious consumers and regulations sway purchasing decisions. Market analysis shows that manufacturers who adapt to these technological and material innovations are influencing expansion in their market size and a strengthened position in the market outlook.
Changing Consumer Preferences and Lifestyle Trends:
The global doors market is also significantly influenced by changing consumer preferences and lifestyle trends. As aesthetics and functionality become paramount in consumer choices, there's a noticeable shift in market trends towards customized and premium door designs. This shift impacts market growth as manufacturers innovate to meet these evolving demands. Furthermore, the rising focus on home security and energy efficiency is influencing market share, with consumers leaning towards products that offer advanced security features and better insulation. Market analysis indicates that these consumer-driven trends will continue to shape the market size and market outlook, as the industry adapts to cater to these changing needs.
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Key Players Included in Global
Doors Market
Research Report:
Allegion plc Andersen Corporation Assa Abloy AB Cornerstone Building Brands dormakaba Group JELD-WEN Inc KONE Corporation LIXIL Corporation Pella Corporation PGT Innovations Sanwa Holdings Corporation Simpson Door Company
Global Doors Market Trends:
In the global doors market, key market trends are increasingly focused on eco-friendliness and energy efficiency. There is a rising demand for doors made from sustainable materials, aligning with global environmental concerns and regulatory standards. This trend is influencing market growth as manufacturers and consumers alike prioritize green solutions.
Additionally, the integration of advanced technology, such as IoT-enabled and automated door systems, caters to the growing smart home and smart building sectors. These technological trends are redefining user convenience and security and are also pivotal in shaping the future market outlook and driving innovation within the industry.
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https://www.imarcgroup.com/doors-market
Doors Market Report Segmentation:
Breakup by Type:
Interior Doors Exterior Doors
Interior doors represent the largest segment by type due to their essential role in residential and commercial buildings, offering privacy, security, and aesthetic appeal, thereby encompassing a substantial portion of the overall market demand.
Breakup by Material:
Wood Glass Metal Plastic Others
Wood holds the largest segment by material in the doors market, attributed to its timeless aesthetic, versatility, durability, and widespread preference in both traditional and contemporary building designs.
Breakup by Mechanism:
Swinging Sliding Folding Revolving Others
Swinging doors dominate the largest segment by mechanism, as this classic design remains the most commonly used in various settings due to its simplicity, ease of installation, and user-friendliness.
Breakup by Application:
Sound Insulation Fire and Smoke Protection Moisture Resistant and Wet Room Radiation Protection Burglary Protection Others
On the basis of application, the market has been divided into sound insulation, fire and smoke protection, moisture resistant and wet room, radiation protection, burglary protection, and others.
Breakup by End User:
Residential Non-residential
The residential sector emerges as the largest segment by end user, driven by the continuous growth in housing construction and the need for both functional and aesthetic door solutions in homes.
Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Asia Pacific stands as the largest market by region, propelled by rapid urbanization, a growing construction sector, and significant investments in infrastructure development in populous countries such as China and India.
Key Highlights of the Report:
Market Performance (2018-2023) Market Outlook (2024-2032) Porter's Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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