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Europe Interior Doors Market Increasing Demand and Dynamic Growth with Forecast 2023

02-18-2020 03:23 AM CET | Industry, Real Estate & Construction

Press release from: Allied Analytics LLP

Europe Interior Doors

Europe Interior Doors

The interior doors market in the Europe was valued at $10,340.6 million in 2016, and is projected to garner $14,486.0 million by 2023, registering a CAGR of 5.0% from 2017 to 2023. The interior doors market in terms of volume sold approximately 12,138 thousand units in 2016, and is projected to reach 18,025 thousand units by 2023 at a CAGR of 4.8% during the study period. Rest of Europe is expected to be the leading contributor to the Europe interior doors market, followed by France and Spain.

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.
Moreover, rapid urbanization has significantly contributed to the growth of the home furnishings market, and subsequently the interior doors industry. However, high costs of producing eco-friendly products has hampered the growth of the interior doors market.

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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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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