Doors Market worth $118.2 billion by 2025 | Key players Assa Abloy, Droma Kaba, Masonite, Andersen Corp, Simpson Door Company

According to recent market research the "Doors Market by Material (Metal, Wood, Plastic, Glass, Composite), Mechanism (Swinging, Sliding, Folding, Overhead), Product Type (Interior, Exterior), Mode of Application (New Construction, Aftermarket), Application, and Region - Global Forecast to 2025", size is projected to grow from USD 90.6 billion in 2020 to USD 118.2 billion by 2025, at a CAGR of 4.8% between 2020 and 2025.

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The global doors market size is estimated to be USD 90.6 billion in 2020 and projected to reach USD 118.2 billion by 2026, at a CAGR of 4.8% during the forecast period. The gradual improvement in the global economy and the rebound of the construction industry after the economic slowdown have supported the growth of the doors market. Increased per capita income and changing interior décor preferences of customers are driving the demand for doors.

In terms of value, the wood segment is projected to account for the largest share of the doors market, by material type, during forecast period.

Wood is projected to be the largest material segment in doors market. Wooden doors are aesthetically appealing; however, they are less thermally efficient, expensive, absorb moisture and easily rot which leads to high maintenance costs. Growing environmental concerns and the shoft towards green construction limits the growth of the wooden doors market further.

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The global doors market size is projected to grow from USD 90.6 billion in 2020 to USD 118.2 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. The major driving factors of the market include rapid urbanization, rising residential and non-residential activities, growing middle-class income, and rising income level, especially in emerging economies such as India and China are expected to drive the doors market in the future

The key players in the commodity plastics market are Assa Abloy (Sweden), Droma Kaba (Switzerland), (Ireland), Masonite (US), Andersen Corporation (US), Simpson Door Company (US), Jeld-Wen, Inc. (US), PGT (US), Fancy Doors & Mouldings (Canada), Cornerstone Building Brands (US), ARCAT (US), Lacantina Doors (US), Boon Edam (Netherlands), Pella Corporation (US), The Lyon & Billard Lumber Co. (US), Atrium (US), Corinthian Doors (Australia), Hormann (Germany), MI Windows and Doors, LLC (US), Novoferm Gmbh (Germany), Marvin (US), Viwintech Window & Door Inc. (US), Therma-Tru Corp. (US), and OCM Industrial Doors (Italy). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch/development, and partnership, agreements, and joint venture between 2013 and 2020, to enhance their market shares and expand their global presence.

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Assa Abloy is a global supplier and manufacturer of door opening solutions. It was formed as a result of the merger between ASSA (Sweden) and ABLOY (Finland). The company provides intelligent lock and security solutions satisfying the customer's need of security, safety, and convenience such as access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, hotel security, and mobile access systems. The end-consumers of the company include airports, hospitals, stadiums, schools, offices, hotels, and homes.

• In October 2020, Assa Abloy acquired Olimpia Hardware (Costa Rica). This acquisition will help the company to increase its distribution network in Latin America.

Dorma Kaba was formed by a merger of Kaba Group (Switzerland) and Dorma Group (Germany) in September 2015. The company's portfolio includes locking systems-from cylinders, keys, and locks to fully networked electronic access solutions-physical access systems, and automatic door systems, as well as a comprehensive range of door hinges and fittings and door controls.

• In July 2020, signed an agreement to sale its project installation business (Norway) to Låssenteret AS (Norway). With this sale of business, the company aims to optimize its business portfolio and concentrate on its core business.

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