Pocket Door Market Future Growth Analysis on Allgood, Ferrero Legno, FOA Porte, Bertolotto Porte, Fleetwood, LPD doors, JAP, Scrigno, Ghizzi & Benatti, JB kind, Slidesystems, Selo, Raydoor, Casali
Single pocket door market is likely to witness over 5.5% CAGR up to 2024. Increasing product demand especially residential segment owing to minor space occupancy benefits boosting market share. Wide applications include toilets, washrooms, bedrooms along with commercial application such as warehouse, pantries, common rooms and storage rooms are major adoption areas. The large variety of materials includes aluminum, glass and steel are improving installations in commercial spaces and residential buildings escalating pocket door industry.
Wood pocket door segment captured more than 45% market share in 2017. Excellent designing options, enhanced interior, and aesthetic appearance are the key factors driving industry share. Residential segment has high adoption on wooden pocket doors owing to long life benefits, rustproof material, cracks & chip resistance properties are surging product penetration during forecast time.
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Rising consumer spending for new house construction and building renovation are propelling pocket doors market share. Rapid urbanization in emerging countries including China, India and South Korea supporting improved infrastructure developments along with house building projects are fueling product demand. According to National Bureau of Statistics (NBS), Chinese investment in real estate development is witnessing year on year growth around 7%.
Construction industry is witnessing healthy growth owing to enhanced repair and remodeling activities in several region stimulation pocket door market. Increased investments especially for enhancing interiors, aesthetics and space designs has positively impacted product landscape.
U.S Department of Energy and Department of Housing and Urban Development are strongly focusing on building cost effective, energy saving solution to reduce energy bills across the country. Technological advancements along with stringent government guidelines are influencing adoption of energy efficient products for minimizing carbon emission are major drivers boosting product demand.
Major companies are Allgood, Ferrero Legno, FOA Porte, Bertolotto Porte, Fleetwood, LPD doors, JAP, Scrigno, Ghizzi & Benatti, JB kind, Slidesystems, Selo, Raydoor, Casali, and Linvisible. Manufacturing companies are expected to adopt acquisition strategies to gain competitive advantages. These companies are also focusing on entering strategic collaboration and partnership with international interior and d?cor brands.
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Commercial and industrial segment is anticipated to observe more than 4.5% CAGR up to 2024. Rapid industrialization in several emerging countries risen requirement in manufacturing facilities, logistics sites, and storage rooms will propel revenue share. Steel door has huge application in production sites owing to the presence of large equipment and machinery. Commercial spaces are installing see-through structures for convenience and safety purpose excelling product demand.
Asia Pacific market is projected to experience over 5% revenue growth. The regional growth is mainly contributed by China, India, and South Korea owing to improving construction spending impacting pocket doors demand. Rapid economic developments in countries include Malaysia, Thailand, and Indonesia are pacing real estate projects. Government initiatives for affordable housing schemes and financial supports from lowering interest rates are key factors stimulating pocket door industry growth.
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Global Industrial Air Filtration Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2024
Global Industrial Air Filtration Market research report is added by Market Study report by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.
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