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Indian Doors Market future growth opportunities by 2019-2024

09-30-2019 08:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Indian Doors Market future growth opportunities by 2019-2024

Global Market Insights has recently added Indian Doors Market report which mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry.

Indian Doors Market is estimated to exceed over USD 2,800 million by 2024. Growing urbanization coupled with increasing infrastructure spending is anticipated to drive Indian doors market growth. Up surge in government spending in residential projects, commercial & building renovation, along with rise in tourism industry has positively influenced the product demand.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2071

Increasing central and state government finances for infrastructure development projects, public funding, and a decline in the construction material prices will boost the industry growth. As per IBEF, Indian real estate industry is expected to reach USD 180 billion by 2020. Private equity investment in real estate reached over USD 6 billion in 2016.

Hinged doors are projected to surpass 2 million units by 2024. High application scope in residential and commercial building due to its easy fitting, lesser space consumption features, improved durability is expected to boost market growth over the forecast period.

Sliding doors will observe a growth rate of over 6% up to 2024. Requiring less area for opening and closing as compared to hinged ones is among the key benefit driving demand in compact building structures.

Make an Inquiry for purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/2071

Maharashtra accounted over 12% of Indian doors market. As per the national population and housing census of 2011, out of 3.36 crore registered houses, 2.98 crores were in the Maharashtra. In addition, the state government proposed a draft notification in 2017, which will allow developers to offer housing stock or pay a premium to the authority for projects spread over 2,000 sq. meters.

West Bengal generated over USD 90 million revenue in 2016. Rise in the number of commercial projects in the area, including Rajarhat and Newton will also influence the product market demand positively.

Century, KONE, DORMA, Fenesta, D.S. India, Welltech and Duroplast are among the key manufacturers of Indian doors market share. Presence of numerous regional, national and local producers makes the industry highly competitive in nature.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/indian-doors-market

Other prominent participants include Lumani Schuco, Reynaers Aluminum, Sapa Building System and Beautex. Mergers & acquisitions, expansion and development of the product portfolio are among the significant strategies.

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: https://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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