Wooden Interior Door Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Panel Door, Bypass Door, Bifold Door, Pocket Door, and Others), Mechanism (Swinging, Sliding, Folding, and Others), and End User (Residential and Non-Residential)

According to the new research report titled "Wooden Interior Door Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 21,477.53 million by 2028 and register a CAGR of 5.6% from 2022 to 2028.

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With rising construction projects, the demand for related components, including furnishing products such as interior doors, is also booming. To keep up with the pace of growing urbanization without leaving any harmful impact on environment, sustainable forestry is getting implemented. Sustainable forestry focuses on saving natural forests by implementing afforestation and reforestation, as well as using reduced-impact logging techniques. Also, the expanding conceptualization of sustainable forest management and rising forest area are among the factors creating a positive impact on green recovery and carbon-neutral economies. For instance, replacing a non-wood material with wood is capable to avoid carbon emissions of 0.9 kg of carbon for every 1 kg of carbon on an average.

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It has been estimated that housing will continue, and therefore, finding suitable solution is a must to fulfil the demand of urbanized population. It is predicted that 3 billion people (nearly 40% of the world population) would require new housing facilities by 2030 that translates into a demand for approximately 300 million new dwellings. Thus, the above-mentioned growing demand for housing, coupled with need for safe environment, is propelling the concept of sustainable forestry. This aspect will have a positive impact on the wooden interior door market growth.

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Enactment of lockdowns and travel restrictions, shutdown of production facilities, and shortage of employees adversely affected major players' performances in the North America wooden interior doors market. Notably, the construction industry in the US witnessed the most severe impact of the COVID-19 pandemic in 2020 through labor shortage, suspension, and cancellation of projects. It disrupted supply and logistics, creating a negative short-term impact on the North American wooden interior door market. However, due to increasing residential construction buildings and growing investments in renovation, replacement, and home improvement projects, there is a growing demand for wooden interior doors in the region. Most homeowners in the region focus on renovating homes once annually. The improvement in homes is initiated to improve life quality. There has been a swift adoption of wooden interior doors in constructing new buildings. Additionally, the wooden interior door market players in North America have been active in taking several strategic initiatives to accelerate the growth of the market.

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For instance, in June 2021, Jeld-Wen, the Canadian subsidiary of Jeld-Wen Holding, Inc., announced an investment in expansion and upgrade of its manufacturing facility in Quebec. Also, in March 2021, Jeld-Wen launched a new product line of doors dubbed ProCore, targeted toward the work-from-home population. In addition, ProCore doors help reduce the disruption caused by loud noises at home as these doors are designed for cancelling noise by up to 50%, thereby contributing to the region's growing wooden interior door market size.

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The wooden interior door market size is segmented into type, mechanism, end user, and geography. Based on type, the wooden interior door market is segmented into panel door, bypass door, bifold door, pocket door, and others. By mechanism, the wooden interior door market is segmented into swinging, sliding, folding, and others. In terms of end user, the wooden interior door market is bifurcated into residential and non-residential. Based on geography, the wooden interior door market is segmented into North America, Europe, and Asia Pacific.

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Key Findings of Study:

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Asia Pacific held the largest market share in 2021 and is likely to be the fastest-growing region for wooden interior doors during the forecast period due to increasing construction activities and growing trade activities in countries in the region. China is the top exporter of wooden doors and held the largest share of the Asia Pacific wooden interior door market in 2021. Further, the North America wooden interior door market is growing significantly owing to factors such as rapid industrialization and a rise in the population with increased disposable income. Moreover, the US has a huge presence of key market providers taking various strategic initiatives, which is boosting the wooden interior door market growth in the region. Likewise, Europe is anticipated to hold a significant market share over the forecast period. The market in the region is projected to register a remarkable CAGR during the forecast period. There is a rise in the demand for wooden interior doors in Europe due to increasing investment in infrastructure development projects and growing import and export activities in the region. These factors are offering lucrative business opportunities to the wooden interior door market players over the years.

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