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Pocket Door Market is expected to grow at a highest CAGR over 2019 – 2024

07-11-2019 11:00 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Pocket Door Market

Pocket Door Market

Pocket doors are becoming more popular across the globe pertaining to their architectural benefits, over time, these doors are bound to witness a few common mobility issues like roller failures. In addition, these doors are not smoke and fire-rated, and could easily allow smoke to pass over. Considering this fact, most of the key players in pocket door market are looking forward to bringing forth a spate of innovations in product development that can overcome these restraints. The shifting focus of product manufacturers toward the development of sealed pocket doors for achieving fire protection benefits will have a positive influence on pocket door industry trends.

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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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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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