Doors Market by Type (Interior and Exterior), Material (Metal, Wood, Glass, uPVC, and others), Mechanism (Swing, Sliding, Folding, Revolving, and Others), Application (Residential and Non-residential), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

Residential Construction and Improvement

CO20113563

Pages: 246

Aug 2021

Reports Overview

Global Doors Market Analysis

The global doors market size is expected to grow from $1,15,636.4 million in 2020 to $1,64,128.8 million by 2028, at a CAGR of 4.5%.

Market Synopsis

Strong government support to the construction industry is anticipated to create enormous impact on the global doors market.

However, high investment & installation costs, particularly for the low- & medium-income countries, along with fluctuating raw material prices and increasing environmental concerns may restrain the global door market growth.

According to the Asia-Pacific doors market forecast, the market is expected to reach up to $72,709.1 million by 2028, surging from $49,492.4 million in 2020, at a noteworthy CAGR of 5.0%.

Doors Overview

A door is a movable barrier that allows entrance into and out from an enclosure. Doors are made of stone, wood, glass, metal, or the combination of such materials, built to fold, swing, roll, or slide in order to open or close to the room. A door's crucial and main purpose is to offer security to the home or building by controlling the access to a certain area. Doors are primarily attached by hinges, which can move by other means, like counterbalancing and slides.

Covid-19 Impact on Doors Market

In response to the coronavirus disease crisis, business sectors like transportation, petroleum, and retail industry have been forced to reconsider their business policies and models. Moreover, global doors industry has also witnessed a decline in growth rate, during the pandemic mainly because of massively reduced demand in residential as well as non-residential sectors. Multiple factors such as shortage of materials and subcontractors, supply chains disruption, and the termination of contracts to minimize expenses are some of the major reasons hampering the global door market growth.

On the other hand, in June 2021, PELLA CORPORATION, a US-based notable door manufacturing company, announced to launch an e-commerce site in order to provide online price transparency to the window and door market. This platform will enable homeowners to see pricing and purchase replacement patio doors and windows directly from their home. PELLA CORPORATION is the 1^st national window & door manufacturer that has provided online platform to buy patio doors and customize products. Such companies’ strategic steps may help support to surge the global doors industry in the analysis period.

Strong Government Support to the Construction Industry to Create Enormous Impact on the Global Doors Market

After the 1^st wave of COVID-19, the overall economic growth is likely to boost the consumer expenditure power. Also, expansion of institutional buildings such as colleges, hotels, and hospitals is expected to astonishingly increase, after the pandemic. Moreover, regulatory support through tax deductions may bolster the demand for construction equipment, which may ultimately drive the global doors market in the analysis period.

In addition to this, government authorities across the world are providing robust financial support to the door industry. For example, in April 2021, the Canada government released its budget, in which they have proposed $4.4 billion to the Canada Mortgage and Housing Corporation, a Canadian government department that acts as national housing agency, in order to help support homeowners complete home retrofits including installation of windows and doors. Homeowners will be eligible for the instant interest-free loans up to almost $40,000.0. Such robust support from the government bodies may help support to improvise the construction industry which may eventually flourish the global doors market growth, during the analysis period.

To know more about global doors market drivers, get in touch with our analysts here.

A Higher Investment Cost May Obstruct the Growth of the Global Doors Market

High investment & installation costs particularly for the low- & medium-income countries may hamper the global doors market, during the analysis period. Furthermore, fluctuating raw material prices coupled with increasing environmental concerns as well as implementation of standards in door products may obstruct the market growth, in the forecast period.

Growing Adoption of Eco- Friendly Doors across the World to Create Enormous Opportunities for the Global Market in the Future

The eco-friendly door system maximizes the seal between the frame and the door to avoid damaging effects of rain or wind and increases energy efficiency. These energy-efficient doors are manufactured with wood-clad steel, painted steel, fiberglass, and polyurethane foam. Hence, key players operating in the door industry are coming up with novel product innovations to strengthen their position in the global market. For example, in October 2019, RCS Doors, leading manufacturer and supplier of commercial, domestic, and industrial roller shutters, announced to officially launch the state-of-the-art, cost-saving, and eco-friendly insulated doors. The company has sourced the modern solution to galvanizing called Aluzinc, which is 100% recyclable and has launched the range of insulated doors for commercial and domestic purposes. All these factors showcase that the demand eco-friendly doors may create huge opportunities, in the global market.

To know more about global doors market opportunities, get in touch with our analysts here.

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