Doors Market Growth Forecast to 2024 - Andersen Corporation, Jeld-Wen, Pella Corporation, Lixil, YKK Corporation, ASSA ABLOY Group, Boon Edam

The research report on Global Doors Market provides the up-to-date market trends, the present market scenario, and the market forecast during 2019-2024. The complete analysis of doors industry on the global scale provides key details in form of graphs, statistics and tables which will help the market players in making key business decisions.

Requirement to build more housing units in urban and rural areas to accommodate ever increasing population will fuel the product demand. Global construction spending registered about USD 1.16 trillion in 2016, with growth over 4.5%.
Commercialization, enhancing government finances and public funding in developing economies including Indonesia, India and Thailand will generate more opportunities for global doors market growth.

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As the demand for stylish, luxurious, yet eco-friendly doors will continue to be on a rapid incline, companies in doors market would be perpetually forced to come up with a wide range of unique products that would match the requirement of consumers in addition to being energy efficient, pertaining to ecological concerns. While this scenario presents a challenge to doors market players, it can somewhat also be considered a major catalyst for these companies to prioritize innovation above all. In consequence, this would create a rather lucrative growth chart for doors industry, propelling its profitability quotient to an elevated level. Validating this presumption is the target estimate compiled by Global Market Insights, Inc., which claims doors market size to be worth more than USD 140 billion by 2024.

The APAC region has been proclaimed to emerge as one of hottest investment grounds for doors industry players, which can be attributed to the thriving construction sector in the continent. As per statistics, the construction spending in APAC had been estimated to fall between USD 3 trillion to USD 4 trillion in 2016. In fact, APAC has been declared to be one of the most potential grounds for the growth of the construction sector, given the rapidly escalating populace and the subsequent demand for housing and infrastructure development. In effect, this has made APAC one of the most profitable avenues for doors market expansion, subject to the robust demand for door components across the residential and commercial zones.

Some of the doors market players include:
1. Marvin
2. Schuco International
3. MI
4. Atrium
5. YKK
6. Masco
7. Lixil Group
8. Pella
9. Jeld-Wen Holding and
10. Andersen Corporation
11. Shipyarddoor
12. Rite-Hite
13. PORTALP
14. Stanley Access Technologies
15. Geze
16. Dorma+Kaba
17. Gilgen
18. Boon Edam
19. Assa Abloy
20. Entrematic Group

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Global Doors Market, By Material
1. uPVC
2. Wood
3. Metal
4. Others

Sliding doors will observe growth for more than 4.5% by 2024. Slimline design, easy installation, lightweight along with sound proof and air tight insulation are among the key features. These are used in residential construction as it generates the impression of huge space and permit better access to the garden or balcony that seems to enlarge the room space.

uPVC share accounted for over 30% of the overall revenue in 2016. This growth is attributed to the demand for energy efficient and light weight shapes that need less maintenance. uPVC offers enhanced standards of insulation against outdoor noises. Moreover, its total recyclable property would attract added attention for the global doors market in the forecast timeframe.

Related News: https://www.globenewswire.com/news-release/2017/09/28/1134193/0/en/Doors-Market-worth-over-US-140-billion-by-2024-Global-Market-Insights-Inc.html

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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