Press release
Pocket Door Market Forecast 2018-2024 | Top Players - Allgood, Ferrero Legno, FOA Porte, Bertolotto Porte, Fleetwood, LPD doors, JAP, Scrigno, Ghizzi & Benatti, JB kind, Slidesystems, Selo, Raydoor, Casali
Asia Pacific Pocket door 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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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.
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.
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.
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.
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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.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Pocket Door Industry Insights
Chapter 4. Pocket Door Market, By Product
Chapter 5. Pocket Door Market, By Material
Chapter 6. Pocket Door Market, By End-Use
Chapter 7. Pocket Door Market, By Region
Chapter 8. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/pocket-door-market
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