Press release
Garage And Overhead Doors Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033
Garage And Overhead Doors Market Trends
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8794&type=smp
According to The Business Research Company's, The garage and overhead doors market size has grown strongly in recent years. It will grow from $6.97 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to residential construction boom, renovation and remodeling trends, industrial and commercial development, security and safety concerns, urbanization and population growth.
The garage and overhead doors market size is expected to see strong growth in the next few years. It will grow to $9.23 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to smart home integration, sustainable and eco-friendly solutions, e-commerce boom, remote work trends, urban renewal projects. Major trends in the forecast period include rise in sustainable and eco-friendly doors, increased automation and remote access, innovation in door opening mechanisms, integration with home design trends, rapid technological advancements.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/garage-and-overhead-doors-global-market-report
Market Drivers and Trends:
The increasing expansion of automobile industry is expected to propel the growth of garage and overhead door market going forward. Increasing vehicle ownership drives demand for secure and personalized garage spaces, leading to a need for reliable and technologically advanced overhead doors. This trend extends to both residential and commercial applications, with a focus on security, aesthetics, and convenience. The economic prosperity associated with a thriving automobile industry further encourages homeowners to invest in upgrading their garage spaces, contributing to the overall expansion of the garage and overhead door market. For instance, in January 2022, according to the Office of Energy Efficiency and Renewable Energy, a US-based government agency under the U.S. Department of Energy, sales of new light-duty vehicles rose to 14.9 million in 2021 a 3% increase over 2020. Therefore, the increasing expansion of automobile industry is driving the growth of the garage and overhead door market.
Major companies operating in the garage and overhead door market are developing new products such as smart garage door opener to gain a competitive edge in the market. Unlike traditional contact sensors, Wyze's innovative approach utilizes the camera's AI technology, which identifies a QR code placed on the garage door to determine its status. For instance, in April 2022, Wyze Labs Inc., a US-based electronics manufacturing company launched the Wyze Garage Door Controller, offering remote monitoring through a Wyze Cam v3 and a QR code system. The bundle includes the Wyze Cam v3 and the Garage Door Controller module, providing visual verification through recorded videos and allowing users to control and monitor their garage door remotely via the Wyze app.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Moxa Inc., Kongsberg Gruppen AS, Praxis Automation Technology B.V., General Electric Company, Norr Systems Pte. Ltd., ABB Ltd., Marine Technologies LLC, Wärtsilä Oyj Abp, Rolls-Royce Holdings plc, AB Volvo plc, L-3 Communications Holdings Inc., RH Marine Group, Twin Disc Incorporated, Koninklijke IHC, Reygar Ltd., Sonardyne International Ltd., COMEX SA, Navis Engineering LLP, Advanced Navigation Pty Ltd., Teledyne Technologies Inc., Applanix Corporation, Underwater Engineering S.A.L., C-Nav Positioning Solutions, Denar Ocean Engineering Ltd., Marine Management Limited, Alphatron Marine BV, L3Harris Technologies Inc., Wartsila Guidance Marine BV, Thrustmaster of Texas Inc.
Garage And Overhead Doors Market 2024 Key Insights:
• The garage and overhead doors market size is expected to see strong growth in the next few years. It will grow to $9.23 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• Elevated Investments In Residential Infrastructure Propel Garage And Overhead Door Market Growth
• Smart Garage Door Openers Transforming The Garage And Overhead Door Market
• North America was the largest region in the garage and overhead doors market share in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8794&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (https://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Garage And Overhead Doors Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033 here
News-ID: 3745861 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Garage
Preferred Garage Doors Provides Reliable Garage Door Solutions in Thornton
Image: https://www.globalnewslines.com/uploads/2025/05/1746464850.jpg
May 5, 2025 - Thornton, CO - A well-functioning garage door is essential for security, convenience, and the overall functionality of any home or business. Preferred Garage Doors continues to offer professional repair, maintenance, and installation services to ensure smooth operation and long-term durability. With a strong reputation for reliability and expertise, the company remains a trusted provider for residents and business owners in Thornton.
Comprehensive Garage Door Services for…
Trotter Overhead Door Garage + Home Revolutionizes Overhead Garage Door Services
Trotter Overhead Door Garage + Home revolutionizes the garage door industry by providing innovative, reliable, and tailored solutions for residential and commercial clients. With a focus on functionality, durability, and aesthetics, the company ensures every garage door meets the unique needs of its clients while enhancing modern architectural designs.
Trotter Overhead Door Garage + Home is transforming the overhead garage door industry with its professional, reliable, and innovative solutions tailored for…
Friendswood Garage Door Repair Ensures Seamless Garage Solutions for Local Commu …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730206850.png
Providing Expert Garage Door Services Across Friendswood with a Commitment to Quality
Friendswood Garage Door Repair, a locally trusted provider of garage door services, continues to deliver top-quality solutions for residential and commercial clients. Specializing in the repair, installation, and maintenance of garage doors, the company ensures that each service call is handled with care and professionalism. From fixing malfunctioning doors to installing new systems, Friendswood Garage Door Repair has…
American Garage Doors Revolutionizes Home Security with Expert Garage Door Insta …
In today's world, home security is a top priority for every homeowner. With technological advances and heightened awareness about the importance of securing one's property, it has become imperative to invest in systems that not only provide convenience but also fortify protection. American Garage Doors, a leading garage door company, has taken center stage in this effort by revolutionizing home security with its expert garage door installation services. Combining cutting-edge…
Houston's Garage Door Lifesaver: ASAP Garage Door Service Takes the Lead
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724255437.png
Discover Expert Repairs And Maintenance At The W Montgomery Road Location And Beyond
When it comes to keeping a home in Houston running smoothly, the garage door often doesn't get the attention it deserves. For residents across the city, including those near the W Montgomery road location, ASAP Garage Door Service offers an essential solution to garage door woes.
Garage doors might seem like a small part of the home, but…
Prime Garage Door Repair: Exceptional Garage Door Services in Alvin
Image: https://www.getnews.info/wp-content/uploads/2024/07/1721309024.png
Your Trusted Partner for Quality Installations and Repairs
Prime Garage Door Repair proudly offers expert garage door services [https://primegaragedoorserviceandrepair.com/services/] to the residents of the Alvin area. With a commitment to quality and customer satisfaction, this company addresses a wide range of garage door needs, from repairs to installations and maintenance.
Are garage door springs straining under pressure? Are the tracks misaligned? These common issues can disrupt daily routines. Prime Garage Door…
