Europe Interior Doors Market Increasing Demand and Dynamic Growth with Forecast 2023
Factors such as increase in adoption of energy efficient doors and rise in applications of interior doors are expected to drive the interior doors market in Europe. In addition, the real estate industry has witnessed decent growth in Europe, as the number of residential and commercial projects have increased manifolds in the recent years.
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The adoption of interior doors has increased across residential and non-residential sectors of European countries, owing to factors such as population boom and rapid urbanization. In addition, increase in the number of residential and non-residential buildings is expected to provide lucrative growth opportunities to the Europe interior doors market players.
Interior doors are used in both in residential and non-residential spaces and are made of different materials like metal, wood, fiberboard, glass, vinyl, fiberglass, and others. A variety of door types are available in the market, such as bypass door, panel door, pocket door, Bifold door, and others. The global interior doors market can benefit from increasing construction as well as other infrastructure activities, along with the surge in expenditure on home remodeling, especially in developed countries like the United States (U.S).
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In 2016, the panel doors accounted for the maximum revenue share of about 69.3% in the overall Europe interior doors market by door type, owing to characteristics such as high tensile strength and remarkable aesthetic features. Moreover, wooden doors are mostly preferred by residential users due to their long shelf life. Moreover, plain panel doors segment of the Europe interior doors market is expected to generate the maximum revenue during 2017-2023.
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Key Findings of the Europe Interior Doors Market :
o The panel doors segment accounted for the maximum revenue in 2017, and is projected to grow at a notable CAGR of 4.6% during the forecast period.
o The others (Plain panel doors) in the door coverings segment accounted for around 60% of the Europe interior doors market revenue in 2017.
o The Rest of Europe region comprising, Germany, Italy, Russia, UK, and rest of the countries, is the major shareholder of the Europe interior doors market, accounting for 79.3% share in 2017.
The key players operating in the Europe Interior doors market are Dimoldura, Puertas Sanrafael, Puertas Proma, Marcos Martinez Minguela, Puertas Castalla, Norma Doors, Puertas Salmar, Dierre Hispnica, Jeld Wen, FORMET PORTE BLINDEE (Formet Entrance Door), SOFTICA Automatic doors, Lapco Inc., Portes Design, Eclisse, The Hrmann Group, Reivilo, PAC DAMAS, KAZED SA, and SOGAL FRANCE.
Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition to expand their foothold and sustain the competition in the industry.
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