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Door Market - Forthcoming Developments, Business Opportunities & Future Investments
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The global market for doors has been significantly large as doors are implemented in every residential and non-residential structure. Plastic doors are expected to be the fastest growing segment in the door industry, where gains are largely driven by demands from China, India and Brazil. Plastic materials have mostly benefited from their reduced maintenance requirements, low cost and its insulating properties, which are expected to be a huge contributor in the growth of the market.
The market is strongly expected to grow due to the rising construction activities across the globe. In addition, the growing demand for doors for safety purposes such as fire and security, implemented in industries due to rising safety regulations is expected to drive the market. Growing commercial construction activities in developing regions such as India and China is expected to open the doors for the automatic door industry.
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Asia Pacific represented the largest market in the door industry, followed by North America and Europe. Certain countries in Asia Pacific such as China, India and Indonesia are expected to gain a substantial amount of share in the market. Their low per capita income demand level is expected to give the potential for a strong market rise as income continues to grow in these countries. Magna International Inc, Inteva Products LLC, Fauresia SA, KONE PUBLIC LIMITED COMPANY, Aisin Seiki Co., Ltd. are some of the leading companies present in the door market.
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