Pocket Door Market is expected to grow at a highest CAGR over 2019 – 2024
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With global construction industry growing at a commanding pace, pocket door market boasts of a superior opportunity to depict considerable expansion in the forthcoming years, driven by heavy investments in space-saving construction and infrastructural development projects across the globe. Lately, many of the construction companies are signing long-term deals with suppliers for ensuring continuous product supply.
Despite the pocket door being popularized since more than a century now, pocket doors market, as an independent business space in itself, has made its way in the construction industry only since the last few years. Presently, driven by the architectural benefits provided by these products, in conjunction with the adoption of space optimization and novel construction designs, pocket door industry has been gaining exceptional traction. Having recognized the potential these components have in modern construction, startups and established companies alike have been attempting to penetrate pocket door market.
The demand for more space has overtly led to the necessity of freeing up the floor space occupied typically with doors, further strengthening the demand for pocket doors. In addition, surging renovation and refurbishment of old monuments and residential buildings is also poised to increase the demand for these components, propelling pocket door market size over the years ahead.
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The proposed future prospects for pocket doors market are expected to generate a plethora of opportunities for construction magnates. As these companies continue to invest further in the refurbishment of age-old buildings and the development of innovative residential as well as commercial buildings, pocket door market is likely to gain exceptional returns in the years ahead. As per estimates, pocket door industry size is expected to be pegged at over USD 10 billion by the end of 2024.
In order to develop fire-rated pocket doors, product manufacturers are also planning to use glass or aluminum material owing to its non-corrosiveness and thermal insulation characteristics. The ample availability of these materials will fuel the future advancements in pocket door market.
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