Pocket Door Market Insights & In-Depth Analysis over 2019 – 2024 including Leading Players: Allgood, Fleetwood, LPD doors, Scrigno, Selo, Raydoor
Construction industry is witnessing healthy growth owing to enhanced repair and remodeling activities in several region stimulation market. Pocket Door Market in Asia Pacific 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. 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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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 market.
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.
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.
Major companies in pocket door market are:
• Ferrero Legno
• FOA Porte
• Bertolotto Porte
• LPD doors
• Ghizzi & Benatti
• JB kind
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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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.
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 pocket door market growth during forecast timeframe.
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