Interior Doors Market by Door Type (Panel Door, Bypass Door, Bifold Door, Pocket, and Others), Material (Wood, Metal, Glass, Fiberglass, Fiberboard, Vinyl, and Others), and Mechanism (Swinging, Sliding, Bypass, Folding, Revolving, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028

Global Interior Doors Market Analysis

The global interior doors market is projected to garner $1,02,543.4 million in the 2021-2028 timeframe, growing from $62,666.5 million in 2020 at a healthy CAGR of 6.3%.

Market Synopsis

Growing demand of products for interior doors from the residential and commercial sector is expected to surge the growth of the interior doors market. 

However, lack of high investment & installation costs of interior doors services is predicted to hamper the market growth.

According to the regional analysis of the market, the Asia-Pacific interior doors market is anticipated to grow at a CAGR of 6.7% by generating a revenue of $44,042.4 million during the forecast period.

Interior Doors overview

Interior doors are moveable structures designed and constructed for indoor use. The main purpose of these doors is that they provide access to a room or other space inside of a residential or commercial building.

Impact Analysis of COVID-19 on the Global Interior Doors Market

The COVID-19 emergency has had an adverse impact on the global interior doors market growth. During the pandemic, a decline in demand from the residential and commercial sectors globally occurred mostly due to delays in construction activities driven by lockdowns across the world. Due to the reduction in the manufacturing activities the global supply chain from procurement of raw material to supply of finished goods experienced delays in the interior doors market.

The organizations around the world involved in the business of interior doors services are adopting business strategies such as acquisition and partnership to stay relevant and gain a major market share globally. For instance, in February 2020, PGT Innovations, Inc. completed the acquisition of New South (the “New South Acquisition”); New South is a manufacturer and installer of factory-direct, energy-efficient windows and doors, including both impact-resistant and non-impact residential products. These factors are expected to positively impact the global interior doors market.

Rapid Expansion in the Household Furnishing Industry is a Major Driving Factor for the Growth of the Market

The growing demand for renovation activities in the residential and commercial segment is expected to drive the global interior doors market. The high rate of urbanization coupled with increase in disposable income of people has led to surge in demand for better home furnishing and renovation activities. The key advantage of interior doors is aesthetics and security of the home and commercial space.

In addition to this, the introduction and widescale utilization of e-commerce in the furniture and building materials industry is expected to drive the interior doors market. The E-commerce has provided the door manufacturing companies a new platform to sell their products across wide base of users. These factors are expected to aid the growth of interior doors market

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

The High Initial Cost of Ecofriendly Interior Doors is Expected to Restrain the Market Growth

The lack of awareness regarding the advantages of interior doors in rural areas and underdeveloped countries such as African nations is anticipated to hamper the market growth. Additionally, high initial cost of ecofriendly interior doors is expected to create a negative impact on the growth of the market during the forecast period.

Prominence of Augmented Reality in the Interior Doors Market to Create Massive Investment Opportunities

The implementation of technologies such as augmented reality is expected to create new scope of opportunities for interior doors. The utilization of augmented reality is anticipated to provide benefits such as personalized user experiences with product customizations in the different variants, colors, sizes, and features of the interior doors. In addition to this, the increasing demand for eco-friendly interior doors that are easily disposable and harmless to the environment is anticipated to open new scope of opportunities for this market. In 2019 a Danish company “Intertisement”, specializing in augmented reality and interactive solutions, was approached by a major Danish doors and windows manufacturing company “Rationel” for its services, and now the company uses augmented reality technology for product customization. These factors are expected to open new scope of opportunities for this market

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

Global Interior Doors Market, by Door Type

Based on door type, the market has been divided into panel door, bypass door, bifold door, pocket doors and others. Panel door sub-segment is anticipated to generate the maximum revenue and bypass door sub-segment is expected to show the fastest growth.

Source: Research Dive Analysis

The panel door sub-segment is predicted to have a dominating market share in the global interior doors market and register a revenue of $29,948.7 in 2028 million growing from $18,678.4 in 2020 during the forecast period.. The application of panel doors in the residential and commercial construction of buildings has advantages such as optimal use of the available space, optimizes the security of the premises, provide privacy, weather proof, high endurance and low maintenance. These factors are expected to aid the growth of panel doors subsegment. The growth in the rate of urbanization in geographical regions such as Asia-Pacific where the growth in residential and commercial construction sector requires large quantity of panel doors, has led to high-rate production in the panel doors in the interior doors manufacturing sector. These factors are expected to aid in the growth of this subsegment.

The bypass sub-segment is estimated to have the fastest market growth and it is predicted that the market shall generate a revenue of $25,295.1 million by 2028, growing from $14,829.4 million in 2020 and it is growing with a healthy CAGR of 6.8% in the forecast period. The fostering demand for space saving doors in housing and business sectors is anticipated to grow the bypass door subsegment in the prediction period. The application of bypass door has advantages such as better energy insulation and reliable mechanism. Glass-based bypass door enhances natural light. These factors are projected to result in the growth of this subsegment. 

Global Interior doors Market, by Material

On the basis of material, the market has been sub-segmented into wood, metal, glass, fiber glass, fiberboard, vinyl, and others. Among the mentioned sub-segments, the wood sub-segment is estimated to show the fastest growth as well as a dominant market share.

Source: Research Dive Analysis

The wood sub-segment is anticipated to have a dominating market share in the global market and surpass $29,938.6 million by 2028, with an increase from $17,169.1 million in 2020. The growing utilization of wood as one of the important building materials in the residential and commercial construction sectors globally is expected to grow this subsegment in the forecast period. As per the "The Forestry Production and Trade information of wood by the "The Food and Agriculture Organization of the United Nations, the industrial roundwood production quantity in world was 2000 m3 in 2019. This shows that the large consumption of wood globally is aiding the growth of this subsegment. 

Global Interior Doors Market, by Mechanism

On the basis of mechanism, the market has been sub-segmented into swinging, sliding, bypass, folding, revolving, and others. Among the mentioned sub-segments, the swinging mechanism sub-segment is estimated to show the fastest growth as well as a dominant market share.

Source: Research Dive Analysis

The swinging sub-segment is anticipated to have the fastest growing and dominating market share in the global market and surpass $36,255.7 million by 2028, with an increase from $21,397.7 million in 2020, growing with a healthy CAGR of 6.7% in the forecast period.  The growing demand for energy efficient doors in the residential and commercial sectors is anticipated to grow the demand for the swinging doors subsegment. The application of utilizing swinging doors in the interior door manufacturing industry has advantages such as it is highly energy efficient, economical and has an assortment of styles, easily customizable and requires less maintenance. These factors are expected to grow this subsegment in the forecast period.

Global Interior Doors Market, Regional Insights:

The interior doors market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Market for Interior Doors in Asia-Pacific to be the Fastest Growing and Most Dominant

The share of Asia-Pacific interior doors market is estimated to grow at a CAGR of 6.7% by registering a revenue of $44,042.4 million by 2028. The growth in commercial infrastructure development with rapid industrialization in developing countries of the Asia-Pacific region is expected to aid the market growth in the forecast period. The increased disposable income and increased consumer spending has boosted the demand for improved lifestyle among the population and has led increase in construction of commercial infrastructure such as shopping malls, cafes, high-tech airports, shopping malls, hotels, and others. In addition to this the growing demand for the interior doors form the residential sector in the Asia-Pacific region is anticipated to contribute in the expansion of interior doors market in the Asia-Pacific region.

Competitive Scenario in the Global Interior Doors Market

Agreement and acquisitions are common strategies followed by major market players.

Source: Research Dive Analysis

Some of the leading interior doors market players are JELD-WEN, Inc., Masonite, ASSA ABLOY, Cornerstone Building Brands, Inc., ANDERSEN CORPORATION., PELLA CORPORATION, Simpson Door Company, MI Windows and Doors, LLC, Hörmann International Inc.  and PGT Innovations, Inc.

Porter’s Five Forces Analysis for the Global Interior Doors Market:

• Bargaining Power of Suppliers: The suppliers in the interior doors market are high in number. Several companies are working on framing new designs and technology for homeowners, the buyers have an edge over the suppliers. Thus, there is less threat from the suppliers. 
  Thus, the bargaining power suppliers is moderate.
• Bargaining Power of Buyers: Buyers have huge bargaining power; they demand best services at low prices. This increases the pressure on the interior doors manufacturers to offer the best service in a cost-effective way. Thus, buyers can freely choose the convenient service that best fits their preference. 
  Thus, the bargaining power of the buyers is high.
• Threat of New Entrants: Companies entering the interior Doors market are adopting technological innovations such as improving the user experience and customized products to attract clients. Also, these companies are implementing various effective strategies such as offering discounts and value propositions. 
  Thus, the threat of the new entrants is moderate.
• Threat of Substitutes: There is no alternative product for interior doors solutions. 
  Thus, the threat of substitutes is low.
• Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players including JELD-WEN, Inc. and Masonite.  These companies are launching their products in the international market and strengthening the footprint worldwide. 
  Therefore, competitive rivalry in the market is high.