Sectional Doors Market growing at a CAGR of 4.9% & Industry projected to reach $8.6 billion by 2031

The sectional doors market was valued at $5.4 billion in 2021 and is projected to reach $8.6 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031. Sectional doors are composed of large, hinged panels made from materials like aluminum, steel, PVC, and fiberglass, which roll on vertical tracks beside the door. When opened, the door is guided upwards and parallel to the ceiling through these tracks.

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Applications and Benefits

Sectional doors are widely used in both residential and non-residential settings due to their numerous advantages. They come in various colors and textures and can include windows and other inserts. Available in insulated and non-insulated versions, these doors do not swing out, allowing for efficient use of space and unrestricted movement around the door. Security is also enhanced as there are no penetration points, making it difficult for intruders to force the door open. While overhead roller doors are a common alternative, sectional doors offer superior thermal insulation.

Market Growth Drivers

The increasing demand for consumer and industrial goods, such as consumer durables, packaging materials, food and beverages, and pharmaceuticals, has led to a manufacturing boom, particularly in emerging economies. Government-implemented industrial development programs further support the growth of manufacturing facilities, which frequently use sectional doors to cover large openings. This rise in manufacturing facilities is expected to drive demand for sectional doors. Additionally, the growing number of vehicles worldwide boosts the market as sectional doors are commonly used as garage doors.

Commercial establishments like warehouses, retail stores, and showrooms also favor sectional doors for their durability, strength, and the flexibility to incorporate glass windows or screens. These factors collectively drive the market growth.

Market Innovations and Strategies

Leading market players are continuously developing new products to stay competitive. For example, in April 2021, the Hormann Group introduced significant advancements to their Hormann series 60 industrial sectional doors.

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Impact of COVID-19

The COVID-19 pandemic significantly impacted the sectional doors market by halting production due to lockdowns and causing an economic slowdown that affected the manufacturing and construction sectors. However, with the introduction of vaccines and the subsequent reduction in COVID-19 cases by 2022, production has resumed at full capacity. Companies have started to recover, showing notable signs of growth. Technological advancements in sectional door offerings are expected to provide lucrative opportunities for market expansion.

Segmentation Analysis

By Material: The market is segmented into aluminum, steel, PVC, fiberglass, and others. The steel segment held the highest market share in 2021 due to its strength and durability.
By Application: The market is divided into exterior and interior applications. The exterior segment accounted for the highest market share in 2021, driven by high demand from non-residential users.
By End User: The market is categorized into residential and non-residential sectors.
Regional Analysis

The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the market in 2021, holding the highest share, while LAMEA is expected to grow at the highest CAGR during the forecast period due to increasing industrialization.

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Competition Analysis

Key companies in the sectional doors market include ASSA ABLOY Group (Amarr), Avians Innovations Technology Pvt. Ltd., B&D Australia Pty Ltd., Hormann Group, Megadoors, Raynor Garage Doors, RJ Garage Doors, Sanwa Holdings Corporation (Novoferm Group), Shanghai Kenvo Door Co., Ltd, and Steel-Line Garage Doors.

Benefits for Stakeholders

This report offers an extensive analysis of current and emerging trends and dynamics in the sectional doors market. It provides market estimations for key segments from 2021 to 2031, monitors top competitors, and includes a comprehensive regional analysis. The forecast analysis from 2022 to 2031 is detailed, and the strategies of key players are thoroughly examined to understand the competitive landscape of the industry.

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