12-07-2018 07:09 AM CET - Energy & Environment
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Pocket Door Market Trend To 2024 By Global Manufacturers Masco Corporation, JB Kind Doors, ASSA ABLOY Group, Rite-Hite.

Press release from: Global Market Insights, Inc
Pocket Door Market
Pocket Door Market
Pocket Door Market for 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.

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.

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Rising consumer spending for new house construction and building renovation are propelling pocket door 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%.

Pocket Doors Market, By Product

• Single Pocket
• Double Pocket
• Unilateral

Pocket Doors Market, By Material

• Wood
• Glass
• Aluminum
• Vinyl
• Others (Steel, Fiberglass)

Pocket Doors Market, By End-Use

• Residential
• Commercial & industrial

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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.

Stringent government regulations and deforestation are major concerning factors hampering product demand. Limited availability of wooden raw material is also limiting industry growth during forecast timeframe.

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.

North America silver nanoparticles industry is projected to register over 12.3% CAGR up to 2024.Asia Pacific silver nanoparticles market was estimated more than USD 400 million in 2017.

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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. These companies are also focusing on entering strategic collaboration and partnership with international interior and decor brands.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

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