Doors Market 2020 Trends By Top Players Pella Corporation, Andersen Corporation, Jeld-Wen, Masco Corporation, YKK Corporation, Rite-Hite

The Doors Market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of US$ 165.79 billion by 2026, with an anticipated CAGR of 5.2% through 2026.

Growing infrastructure activities and a surge in real estate sector across Asia Pacific will be propelling the market development over the forecast timeframe. Additionally, growing urbanization and population will be accountable for increase in new non-residential and residential buildings in this region. According to estimates, Asia Pacific will likely have close to 50% rate of urbanization by 2026, which will further provide opportunities for the market expansion over the study period.

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Sliding doors will be accounting for a market share of more than 25% over the forecast period. These doors are equipped with soundproof and airtight insulation features depending upon the end-user requirement. These doors also provide attractive aesthetics to the residential housing, which is likely to increase its usage in new residential construction industry in the future.

uPVC doors will grow at a CAGR of 5.5% over the study period owing to its superior strength, versatility and cost effectiveness. These doors are widely used for making sliding, hinged or French doors. Availability of variety of colors, patterns & laminates will be accountable factors for driving the segment's growth by 2026.

Top Players -

Andersen Corporation,
Jeld-Wen
Holding,
Pella Corporation,
Lixil Group Corporation,
Masco Corporation,
YKK Corporation,
Atrium Corporation,
MI Windows and Doors,
Schuco International,
Marvin Windows & Doors,
Entrematic Group,
Assa Abloy,
Boon Edam,
Gilgen Door Systems,
Dorma+Kaba, Geze,
Stanley Access Technologies,
PORTALP Automatic Doors,
Rite-Hite and Shipyarddoor

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Residential applications market was valued at more than USD 65 billion over the forecast period due to increasing population around the world. Availability of government subsidies to develop residential construction segment will propel the doors usage. Further, rising building improvement & repair activities will contribute significantly in increasing market demand over the forecast period.

Asia Pacific doors market will be accounting for a market share of more than 40% over the forecast period. Growing urbanization & industrialization accompanied by rising government attention to develop infrastructure in Asia Pacific will be major driving factors for the industry expansion over the forecast period. However, short term economic slowdown in India along with ongoing US-China trade war will significantly impact the industry. Despite of these, growing consumer spending power and urbanization in these countries will further boost the market share over the forecast period.

Doors market will be proliferating at a significant rate over the forecast period owing to rising demand for improved infrastructure across the world. Key producers in the market includes, Andersen Corporation, Lixil Group Corporation, YKK Corporation, Pella Corporation and several others.

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