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Global Bifold Doors Market Business Strategies, Current Insights, Regional Developments, Demand and Forecast to 2032
Bifold Doors Global Market
The Business Research Company's Bifold Doors Global Market Report 2023 identifies growth in the construction industry as the major driver for the Bifold Doors market's growth in the forecast period. The construction industry refers to an industrial branch of manufacturing and trade-related operations that includes infrastructure development, repair, renovation, and maintenance. Construction activities have been on the rise due to rapid industrialization and urbanization. These building activities are increasing the need for bifold doors, which provide dependable home renovation and greater safety for residential and non-residential structures such as schools, universities, offices, and government buildings.
The global bifold doors market size grew from $10.06 billion in 2022 to $10.66 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the bifold doors is expected to grow to $12.96 billion in 2027 at a CAGR of 5.0%.
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Major competitors in the Bifold Doors market are Ply Gem Industries Inc., Nana Wall Systems Inc., AG Millworks, Pella Corporation, TWR Trade Frames Ltd., Andersen Corporation.
A key trend in the Bifold Doors market includes Product innovations. Major companies operating in the bifold doors sector are focused on innovative products to reinforce their position.
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The Bifold Doors market is segmented -
1) By Type: French Doors, Sliding Pocket Doors, Sliding Patio Doors
2) By Material: Wood, Metal, Glass, Vinyl, Fiberglass, Other Materials
3) By Application: Interior Doors, Exterior Doors
4) By End-User: Residential, Non-Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Bifold Doors market.
The Business Research Company's "Global Bifold Doors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bifold Doors Market Include:
1. Executive Summary
2. Bifold Doors Market Characteristics
3. Bifold Doors Market Trends And Strategies
4. Bifold Doors Market - Macro Economic Scenario
5. Bifold Doors Market Size And Growth
……
27. Bifold Doors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bifold Doors Market
29. Bifold Doors Market Future Outlook And Potential Analysis
30. Appendix
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