Bifold Doors Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Bifold Doors Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $14.55 billion In 2028 At A CAGR Of 6.5% :

The bifold doors market size has grown strongly in recent years. It will grow from $10.67 billion in 2023 to $11.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth in the construction industry, rise in green buildings, growth of the restaurant industry, and increase in consumer preference for modernized interior designs.

The bifold doors market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing investments in home remodeling and renovation activities, growing popularity of multifamily dwellings, growing residential sector and rising infrastructure investments . Major trends in the forecast period include energy-efficient bifold door systems, technological advancements, product innovations and partnerships and acquisitions.

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Bifold Doors Market Major Segments
The bifold doors market covered in this report is segmented -

1) By Type: French Doors, Sliding Pocket Doors
2) By Material: Wood, Metal, Glass, Vinyl, Fiberglass, Other Materials
3) By Application: Interior Doors, Exterior Doors
4) By End-User: Residential, Non-Residential

Key Driver - Surging Construction Industry Propels Growth In The Bifold Doors Market

The growth in the construction industry is expected to propel the growth of the bifold doors market going forward. The construction industry refers to an industrial branch of manufacturing and trade-related operations that includes infrastructure development, repair, renovation, and maintenance. Construction activities have been on the rise due to rapid industrialization and urbanization. These building activities are increasing the need for bifold doors, which provide dependable home renovation and greater safety for residential and non-residential structures such as schools, universities, offices, and government buildings. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. Additionally, according to the US Census Bureau, The value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022 with a growth rate of 10.2 percent. Therefore, the growth in the construction industry is driving the bifold doors market.

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Prominent Trend - Innovative Bifold Door Designs Enhance Market Dynamics

Product innovations have emerged as a key trend gaining popularity in the bifold doors market. Major companies operating in the bifold doors sector are focused on innovative products to reinforce their position. For instance, in September 2021, Sheerline, a UK-based manufacturing company that provides aluminum windows, doors, bi-folds, and roof lanterns, launched the Prestige bi-folds. In comparison to comparable aluminum bi-folds that use polyamide thermal breaks, it is equipped with Sheerline's multi-chambered Thermlock technology, which guarantees improved thermal performance. The innovative series of bi-fold doors from Sheerline Prestige integrates innovation, sustainability, aesthetics, and security.

Bifold Doors Market Players
Major companies operating in the bifold doors market report are Andersen Corporation, Pella Corporation, JELD-WEN Inc., Ply Gem Industries Inc., Маrvіn Wіndоwѕ аnd Dооrs, Cascade Windows Inc., Nana Wall Systems Inc., VEKA AG, Origin Frames Ltd, AG Millworks, YSR Security System Pvt. Ltd, Hexa Wood Pvt. Ltd, Perfect Glazing Pvt. Limited, Guangzhou Xiya Building Material Co. Ltd, Foshan Fuxuan Window & Door Co. Ltd., Homi Aluminum Co. Ltd., Suzhou Shunchi Hardware Co Ltd., Novoferm GmbH, Hörmannare, Teckentrup GmbH + Co. KG, Jansen Tore GmbH & Co. KG, ALPGATE, Entrematic Germany GmbH, B+N Tortechnik GmbH, AKM-Tore GmbH, AL-PROMT S.R. L, Arcom Glass, ALUMIL Russia, ALTEK LLC, Marvin, Ostaco Windows and Doors, Steves Doors, SOLIDA BRASIL MADEIRAS LTDA, Adami S/A Madeiras, Tebet Lumber Co, Tomio Esquadrias, Irmãos Graciola, Acacia Wood, AG Intertrade, Sebastian Orecchia, Bi-Fold Doors Dubai, Etsy Israel, ADL Design, REHAU Group, Bifold UAE, Amo Tropical Solutions Ltd, Oroboson Limited, Yehans International Ghana Limited

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the bifold doors market in 2022. The regions covered in the bifold doors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bifold Doors Market Report Structure
3. Bifold Doors Market Trends And Strategies
4. Bifold Doors Market - Macro Economic Scenario
5. Bifold Doors Market Size And Growth
…..
27. Bifold Doors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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