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Pocket Door Market 2019 By Top Key Players ASSA ABLOY Group, Masco Corporation, JB Kind Doors, Rite-Hite.
Pocket Door Market
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.
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