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Fire Door Market Regional Trend & Forecast 2018-2024 By Global Players - ASSA ABLOY Group, Howden Joinery, Nihon Funen, Kingdom
Fire Door Market
Aluminum Fire Door Market is set to exceed USD 2 billion in sales by 2024. Durability, strength, lasting color appearance and sustainability are key properties driving these products. Increasing material replacement over wood in construction projects due to its superior properties at competitive price will propel industry growth.
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Rising casualty rate, property damage and public safety concerns during fire accident will propel industry growth. Increasing consumer safety consciousness along with improved standard of living are the key factors supporting product demand. Extensive R&D along with emergence of flush glazed and double action products will open new opportunities for the business growth.
Flush glazed variants continue to witness significant growth due to rising demand for natural light, ventilation, condensation, noise prevention, well insulated construction, reduced heating & cooling costs and safety & security needs.
Steel, glass and aluminum as per standards with superior resistance from FD 30 to FD 180 are primary raw materials. Steel is among the major revenue contributor, with generating over USD 4.2 billion in 2016. As per insulated steel door institute, advancement in weather strip system along with improvement in insulating technologies will drive product demand.
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Commercial fire door market was worth over USD 7 billion in 2016. Rapid industrialization along with government compliance on the manufacturing sector including IT parks, textile parks and other industrial hubs particularly in the emerging nations are the key factors fueling the product scope.
Internal fire door market will witness growth over 7.4% up to 2024. Shifting focus on public safety and minimizing property damage will drive the product demand. Increasing construction expenditure particularly on the residential buildings will fuel the industry growth.
Asia Pacific fire door market share accounted for more than 28% in 2016. Growing population, rapid urbanization along with increasing investment on infrastructure development will support the regional demand. Government compliance including subsidies and safety awareness programs are the major factors stimulating the industry demand.
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Europe fire door market is estimated to witness CAGR exceeding 6% up to 2024. High adoption of advanced technology along with increasing construction spending on commercial buildings are the driving factors for the product scope. Increasing safety concerns among consumers along with regulatory compliance will drive the regional demand.
Fire door market share is competitive with major players including Agta Record, Assa Abloy, Essex Ford Joinery, Mesker, Howden Joinery, Nihon Funen, Kingdom, Wanjia, Saintgeneral, Jia Hui, Wanjia, Simto, Zhucheng and Simto.
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