Fiberglass Doors Global Market 2024 - Top Manufacturers, Latest Trends, Future Prospects And Outlook By 2033

The Business Research Company recently released a comprehensive report on the Global Fiberglass Doors Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The fiberglass doors market size has grown strongly in recent years. It will grow from $13.03 billion in 2023 to $14.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing regulations and standards for energy efficiency, rising awareness about environmental sustainability, steady economic growth in various regions increased construction activities, surge in home renovation and remodeling projects, and cost benefits of fiberglass doors.

The fiberglass doors market size is expected to see strong growth in the next few years. It will grow to $20.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to growing adoption of smart home technologies, increasing emphasis on green building certifications and sustainable construction practices, rapid urbanization, and ongoing infrastructure development projects, rising demand for customized and aesthetically pleasing doors, continued advancements in materials science and manufacturing technologies. Major trends in the forecast period include smart home integration, customization and personalization, advances in materials and design, sustainable and eco-friendly products, innovative design and aesthetics.

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Market Drivers and Trends:

The increase in construction activities is expected to propel the growth of the fiberglass doors market going forward. Construction activities refer to the processes and tasks involved in the planning, designing, building, and maintaining structures or infrastructure. The increase in construction activities is due to several factors, such as population growth, urbanization, economic development, and advancements in construction technology. Fiberglass doors are used in construction to increase durability, energy efficiency, and aesthetic appeal, contributing to the rise in construction activities. For instance, in June 2023, according to the quarterly construction inquiry published by the Northern Ireland Statistics and Research Agency, an Ireland-based public authority, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5%, with the housing sector of construction increasing by 11.1% and the infrastructure subsector by 3.7%. Therefore, the increase in construction activities will drive the growth of the fiberglass doors market.

Major companies operating in the fiberglass doors market are adopting a strategic partnership approach to provide innovative integrated storm and entry door systems. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in January 2022, Therma-Tru Corp., a US-based manufacturer of fiberglass entry doors, partnered with Larson, Inc. a US-based manufacturer of storm doors, to introduce the Impressions integrated storm and entry door system. This innovative system features a storm door integrated flush into the door frame's brickmold, creating a cohesive look while allowing for fresh air through an interchangeable screen. Key highlights include retractable pin hinges for easy installation and a hidden closer with Click&Hold technology, enhancing functionality and user experience.

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Major Key Players of the Market:

ASSA ABLOY Group, Jeld-Wen Holding Inc., Masonite International Corporation, Pella Corporation, Therma-Tru Corporation, Milgard Manufacturing LLC, Weather Shield Mfg, Inc., Provia Llc, Steves and Sons Inc., GlassCraft Door Company, Kohltech International Limited, Plastpro Private Limited, Trinity Glass International Inc., Feather River Fiberglass Door System, Taylor Entrance Systems, ETO Doors Corporation, Fibertec Window and Door Manufacturing Inc., Neuma Doors, MasterGrain, Glasscraft Decorative Limited

Fiberglass Doors Market 2024 Key Insights:

• The fiberglass doors market size is expected to see strong growth in the next few years. It will grow to $20.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Rising Construction Activities To Propel Growth Of The Fiberglass Doors Market
• Strategic Partnerships Driving Innovation in the Fiberglass Doors Market
• Asia-Pacific was the largest region in the fiberglass doors market in 2023

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