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Door less Opportunities for Bifold door Market growing at a CAGR of 5.2% from 2017 to 2023!!

04-10-2019 11:40 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Bifold Door Market

Bifold Door Market

Bi-fold doors are combination of panel doors logically hinged, leading to folding of the panels. This folding mechanism allows the doors to co-exist as door-walls systems, which enhances the visual appeal of the interiors.

The global demand for bi-fold doors is driven by growth in efficient doors that offer sufficient insulation as well as heat retention through the material of the panels.

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"Bi-fold Door Market was valued at $9,779 million in 2016 and is expected to reach $13,929 million in 2023, growing at a CAGR of 5.2% from 2017 to 2023"

North America is expected to offer lucrative growth opportunities, thereby registering the highest growth rate, owing to increase in expenditure on home remodeling and rise in consciousness towards interior decorations

Rapid urbanization globally and increase in disposable income are expected to boost the demand for bifold doors in the future.

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Further, growth in awareness among individuals towards interior designing and their propensity to spend on home remodeling are anticipated to fuel the demand.

However, the involvement of multiple hinges and panels for folding mechanism of bifold doors present a major challenge. As a result, they are usually challenging for do-it-yourself (DIY) users, which is projected to hinder this market. Moreover, the initial installation costs associated with bifold doors increase as the door size increases, impacting the growth further.

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The key players so projected are,

Andersen Corporation

BiFolds BiDesign Ltd.

Chase Windows Co.

Euramax Solutions Limited

JELD-WEN, Inc.

Kloeber, Nana Wall Systems Inc.

Origin Frames Ltd.

Pella Corporation

The Bi-folding Door Company.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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