Bifold Doors Market Worth $13,929 Million by 2023 | by Material, ApplicationAccording to a new report published by Allied Market Research, titled, Bifold Doors by Material, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global bifold doors market was valued at $9,779 million in 2016, and is projected to reach at $13,929 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global bifold doors market, followed by Europe and North America.
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Bifold Doors Market by Material (Wood, Metal, Glass, Vinyl, Fiberglass, and Others), Application (Interior Doors and Exteriors Doors), and End User (Residential and Nonresidential)
Rise in adoption of energy-efficient doors and application of bifold doors as door-wall system are expected to drive the bifold doors market. In addition, bifold doors provide assistance in maximizing the space without significant change in the architecture, which is expected to propel the growth. However, the high costs associated with installation of bifold doors may hamper this growth. Moreover, the installation of bifold doors can be challenging to do-it-yourself users, which may impede the market growth.
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Key Market Players
BiFolds BiDesign Ltd.
Chase Windows Co.
Euramax Solutions Limited
Nana Wall Systems, Inc.
Origin Frames Ltd.
The Bi-folding Door Company
The study provides an in-depth analysis of the global bifold doors market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
Porter’s Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
The quantitative analysis of the global bifold doors market from 2017 to 2023 is provided to determine the market potential.
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