Doors Market growing at a CAGR of 5.2% & Industry projected to reach $206.6 billion by 2031

The global doors market was valued at $124.4 billion in 2021 and is projected to reach $206.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2031. A door serves as a hinged, revolving, sliding, or swinging barrier found at the entrance of rooms, buildings, cupboards, or vehicles, made from materials such as wood, metal, glass, cardboard, and fiberglass.

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Market Drivers

The demand for doors is largely driven by the rise in multifamily housing trends, increased adoption of automated doors in commercial sectors, and the development of energy-efficient doors. Automated doors, commonly used in airports, malls, and corporate offices, have become prevalent in various commercial applications. Additionally, government investments in residential and commercial building development further boost market growth. Industrialization and urbanization in regions like India and Africa also contribute significantly to the doors market outlook. Increased consumer spending on home renovation and new construction activities is expected to provide lucrative opportunities for market players.

Strategic Developments

Major companies in the market are focusing on strategies such as product launches and acquisitions to stay competitive and expand their product portfolios. For instance, in April 2021, JELD-WEN launched its Pro Core solid-core doors, which reduce noise by up to 50%, thereby strengthening its product line.

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Market Segmentation

The doors market is segmented by type, material, mechanism, and region.

By Type: The market is divided into interior doors and exterior doors. The exterior doors segment generated the highest revenue in 2021, driven by increased consumer spending on home remodeling and restructuring.

By Material: The market is categorized into wood, glass, metal, plastic, and others. The wood segment accounted for the largest share in 2021 due to its thermal insulation properties, strong aesthetics, high strength, and utility. The glass segment is expected to see significant growth, especially in light institutional and commercial applications.

By Mechanism: The market is divided into swing doors, sliding doors, folding doors, revolving doors, and others. The swing doors segment leads due to the widespread adoption of hinged doors globally. The sliding doors segment is projected to exhibit the highest CAGR due to a shift toward space-efficient residential and commercial properties.

Regional Analysis

Regionally, Asia-Pacific registered the highest share of the global doors market in 2021. This is attributed to increased investment in tourism by both the private and public sectors, leading to a surge in construction activities and consequently, demand for doors. Additionally, many countries in the region are investing in the construction sector to boost economic growth.

Competitive Landscape

Key players in the doors market include Assa Abloy Group, Dormakaba Holding AG, GEZE GmbH, JELD-WEN Holding Inc., Manusa Gest, S.L., Nabtesco Corporation, Portalp, Royal Boon Edam International B.V., Sanwa Holdings Corporation, and Stanley Black & Decker. These companies employ strategies such as business expansion, agreements, and acquisitions to enhance their market presence.

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Key Benefits for Stakeholders

The report provides an extensive analysis of current and emerging global doors market trends and dynamics. It includes in-depth market analysis for key segments from 2022 to 2031 and offers insights into the competitive landscape, helping stakeholders understand the market's potential and make informed decisions. The report also features a comprehensive regional analysis to identify prevailing opportunities and forecast future market growth.

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