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Doors Market Analysis 2024: Market Growth Rate, Industry Analysis And Forecast Report 2033 | Allegion PLC, Andersen Corporation, Assa Abloy AB, Jeld-Wen Inc., KONE Corporation
Doors Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Doors industry. This report on Doors market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The doors market size has grown rapidly in recent years. It will grow from $138.26 billion in 2023 to $154.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to construction and real estate growth, home renovation and remodeling, commercial building construction, security and safety concerns, and energy efficiency and sustainability. The doors market size is expected to see rapid growth in the next few years. It will grow to $237 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.
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Key Market Players:
Allegion PLC, Andersen Corporation, Assa Abloy AB, Jeld-Wen Inc., KONE Corporation are prominent players in the Doors industry.
Market Drivers:
According to the Doors Market Report 2024 by The Business Research Company, The rapid urbanization all over the globe is significantly contributing to the growth of the doors market. Urbanization refers to the population movement from rural to an urban setting and increasing human population densities in urban areas. Rising urbanization is increasing the demand for new residential and non-residential buildings, which will further provide opportunities for the doors market expansion. For instance, according to the Department of Economic and Social Affairs, United Nations, 68% of the world's population, i.e., 2.5 billion people, are projected to live in urban areas by 2050. Therefore, rapid urbanization all over the globe will drive the door market.
More information about the Global Doors Market Report -
https://www.thebusinessresearchcompany.com/report/doors-global-market-report
Market segments for Doors include:
1)By Material: Wood, Glass, Metal, Composite, Plastic
2)By Mechanism: Swinging Doors, Sliding Doors, Folding Doors, Overhead Doors
3)By Application: Non-residential, Residential
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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