Global Metal Fire Doors Market Growth is driven by Augment in Urbanization and Industrialization: Ken Research
Augment in awareness about building safety and initiatives to minimize property damage in case of fire are projected to boost the metal fire door market during the review period. Furthermore, augment in spending on commercial and residential buildings coupled with infrastructure advancement is projected to propel the market in the next few years. Growth in demand for augmented the safety and lightweight applications of metal fire doors is projected to propel the market during the forecast period.
The effective growth in awareness of the building safety to decrease or minimize the property damage act as the foremost growth driver for fire door market. The government initiatives on fire safety and security has also noteworthy contribution in the growth of fire door market. The augmenting commercial and residential buildings equipped with the fire resistance equipment's have augmented the demand for the metal fire door in these buildings.
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Further, the growing technological innovations considering to the safety and security inside the buildings act as a foremost growth factor for the fire door market. The U.S in the North America has made it compulsory to install fire doors inside the buildings to confirm safety to the property. Thus, North America control the greatest market share in the fire door market followed by Europe. However, the high installation cost and high maintenance cost can limit the growth of the market. Rebelliously, the government regulations on fire safety & security and the building safety codes deliver the new opportunities for the growth of metal fire door market.
The market in Asia Pacific is predicted to expand considerably throughout the forecast period owing to implementation of stringent regulations related to building safety, augmenting the consumer awareness, and increment in consumer preferences for precaution and safety products across the region. Consequently, Asia Pacific is predicted to hold a major share of the global metal fire door market during the forecast duration.
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Ankur Gupta, Head Marketing & Communications
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