Garage Door Market to reach USD 28.19 Bn by 2029, emerging at a CAGR of 5.12 percent and forecast 2023-2029

Garage Door Market Report Scope and Research Methodology

Maximize Market Research Pvt Ltd, a leading market research company, has released its latest report on the Global Garage Door Market. The report reveals that the market size reached USD 19.872 billion in 2022 and is anticipated to achieve USD 28.19 billion by 2029, registering a robust CAGR of 5.12%.

Maximize Market Research Pvt Ltd's report employs a rigorous research methodology, ensuring comprehensive and accurate insights into the Garage Door Market. The analysis includes a thorough examination of market dynamics, drivers, restraints, and regional nuances.

Garage doors, vital components for residential and commercial spaces, are witnessing significant growth, driven by a surge in demand for various types such as sectional doors, roller doors, overhead doors, security doors, and side-hinged garage doors. The market is experiencing a global opportunity for expansion through manufacturing, installation, and maintenance of garage doors.

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Garage Door Market Dynamics:

High installation costs and a lack of awareness about garage doors may restrain market growth. The installation cost, ranging from $1100 to $1250, along with associated expenses, poses a challenge. However, the growth of construction activities and increased hiring of installation services worldwide present opportunities for market growth.

The adoption of modern garage doors featuring smart technology in smart homes is a key driver for market growth. These doors, characterized by sleek design, contemporary materials, and technological integration, offer convenience, security, and energy efficiency. The increasing concern for property and home security is propelling the demand for technologically advanced garage doors, further driving market growth.

Garage Door Market Regional Insights:

North America dominates the Garage Door Market, fueled by the increasing demand for smart connected devices, rapid urbanization, and home improvement projects. The US market is expected to grow significantly, presenting numerous opportunities for market players. In Europe, the market is influenced by trends in energy conservation and government initiatives promoting highly efficient garage doors.

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Garage Door Market Segmentation:

by Category

1. Automatic Garage Doors
2. Manual Garage Doors

by Door Type

1. Overhead Garage Doors
2. Security Garage Doors
3. Sectional Overhead Garage Doors
4. Fire-rated Garage Door
5. Roll up Garage Door

by Door opener type

1. Belt drive opener
2. Screw drive opener
3. Chain drive opener
4. Others

by Material Type

1. Steel
2. Aluminium
3. Faux Wood
4. Fiberglass
5. Vinyl
6. Composite
7. Others

by Smart Garage Door Controller

1. Wi-Fi based
2. Bluetooth based

by Application

1. Residential
2. Commercial
2.1. Warehouses and distribution Centres
2.2. Hospitals and clinic
2.3. Office and commercial complex
2.4. Auto-dealers and services
2.5. other

by Distribution Channel

1. Direct Retailer
2. Indirect Retailer

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Garage Door Market Key Players:

1. Overhead Door Corporation
2. Clopay Building Products Company
3. Amarr Garage Doors
4. PerforMax Global
5. C.H.I. Overhead Doors
6. Dynaco
7. Delden Garage Doors
8. Northwest Door
9. Garador
10. Hormann
11. Novoferm
12. Teckentrup
13. Raynor
14. Wayne Dalton
15. Midland Garage Door
16. Clopay Corporation (U.S.)
17. Ritehits
18. 1st United Door Technologies
19. Alulux
20. Garex
21. Garaga
22. Martin Door

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Table of content for the Garage Door Market includes:

1. Global Garage Door Market: Research Methodology

2. Global Garage Door Market: Executive Summary

Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry


3. Global Garage Door Market: Competitive Analysis


MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact


4 . Company Profile: Key players


Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments


Key Offerings:


Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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