Press release
Doors Market Report 2024: Strategies And Recent Developments | Allegion plc, Andersen Corporation, Assa Abloy AB, Jeld-Wen Inc., KONE Corporation
Doors Market Size
The Business Research Company offers in-depth market insights through Doors Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to aging population and universal design, increased security solutions, energy-efficient doors, commercial and industrial sector expansion, and emerging market growth
. Major trends in the forecast period include touchless and contactless entry solutions, smart and iot-enabled doors, technological advancements, strategic collaborations, use of innovative engineered wood.
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Market Segmentation:
The main material in doors is wood, glass, metal, composite, and plastic. The wood doors are normally made of frame and panel construction using natural wood; it may be softwood or hardwood. Exterior doors are usually made of hardwood for safety purposes in construction. The doors operate at different mechanisms such as swinging doors, sliding doors, folding doors, and overhead doors and have applications in non-residential and residential sectors.
Major Driver - Rapid Urbanization Drives The Doors Market
The rapid urbanisation all over the globe is significantly contributing to the growth of the doors market. Urbanisation refers to the population movement from rural to an urban setting and increasing human population densities in urban areas. Rising urbanisation 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 urbanisation all over the globe will drive the door market.
Competitive Landscape:
Major companies operating in the doors market include Allegion plc, Andersen Corporation, Assa Abloy AB, Jeld-Wen Inc., KONE Corporation, Masco Corporation, Masonite International Corporation, Pella Corporation, PGT Innovations Inc., Simpson Door Company, American Automatic Doors Inc., Geze GmbH, Shakti Hormann Private Limited, Lixil Group Corporation, Ply Gem Holdings Inc., Fortune Brands Home & Security Inc., YKK AP Inc., Marvin Windows and Doors, Therma-Tru Doors, Clopay Building Products Company Inc., The Overhead Door Corporation, Wayne Dalton Corp., C.H.I. Overhead Doors Inc., Amarr Co. Inc., Raynor Manufacturing Company, Haas Door Company, Richards-Wilcox Inc., Midland Garage Door Mfg. Co., Northwest Door Inc., Windsor Door Siding and Windows, TruStile Doors LLC, Eggers Industries, VT Industries Inc., Algoma Hardwoods Inc., Graham Wood Doors, Karona Inc., Lynden Door Inc., Oshkosh Door Company, Rogue Valley Door Inc., Sierra Pacific Windows Inc.
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Top Trend - Technological Advancements Transform The Door Market
Technological advancements are a key trend gaining popularity in the doors market. Technological advancement is a discovery of knowledge that advances technology. Companies in the doors industry are developing new technologies for market growth. For instance, in April 2021, Assa Abloy, a Sweden-based company that offers products and services related to doors, is developing automatic sliding digital displays doors by combining LG Electronics' industry-leading organic light-emitting diode display technology. These doors will display images and videos using various technologies.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Doors Market Characteristics
3. Doors Market Trends And Strategies
4. Doors Market - Macro Economic Scenario
5. Doors Market Size And Growth
…..
27. Doors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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