Sectional Doors Market Expected to Reach USD 8.6 Bn by 2031.

The sectional doors market has seen notable growth over the past decade, driven by an increase in manufacturing and commercial facilities as well as rising car ownership, which has boosted demand for parking garages. The non-residential segment is projected to grow at the highest CAGR during the forecast period due to rapid industrialization, rising disposable incomes, and supportive government initiatives.

According to Allied Market Research's report, titled Sectional Doors Market, the market was valued at $5.4 billion in 2021 and is expected to reach $8.6 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

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The demand for sectional doors is largely driven by the growing number of establishments such as parking facilities, shopping centers, warehouses, and manufacturing sites that require large doors. Sectional doors are commonly constructed from materials like steel, aluminum, PVC, and fiberglass, with steel accounting for the largest market share in 2021 due to its durability and strength. The market is segmented by application, including exterior and interior use. Exterior applications held the highest market share in 2021, reflecting strong demand from both residential and non-residential users. The market is further driven by industrialization in developing regions, increased vehicle ownership, and expanding commercial infrastructure. However, fluctuating raw material costs and high investment and maintenance expenses remain challenges for market growth.

Regionally, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Europe led the global sectional doors market in revenue in 2021, while LAMEA is expected to see the highest growth rate due to increased industrialization.

Leading companies in the sectional doors market, including Hörmann Group, Megadoors, Miacasa Steel Industries LLC., RJ Garage Doors, and Saudi Anfal Group, offer a wide range of products for residential and commercial use. For example, in April 2021, Hörmann Group introduced new product developments in its Series 60 industrial sectional doors.

The COVID-19 pandemic temporarily disrupted the market, with manufacturing halts in countries like China, Australia, the U.S., UAE, and across Europe. This pause impacted sectional door sales, while labor shortages and supply chain disruptions further strained production. However, with vaccination rollouts and reduced pandemic impact, market recovery has been swift.

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Key Findings of the Study
The report offers an in-depth analysis of current and emerging trends and market dynamics.
Steel led the market in 2021 in terms of revenue by material, with aluminum expected to see significant growth.
The exterior application segment held the highest revenue share in 2021.
The non-residential segment is anticipated to grow at the highest CAGR during the forecast period.
LAMEA is expected to register the highest growth rate in the coming years.
The report profiles key players and analyzes their strategies to provide insights into the competitive landscape.
It includes an extensive market forecast and analysis of trends and opportunities in the sectional doors market.
Detailed analysis is conducted on key segments for the period 2022-2031.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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