Press release
Doors Market Overview: Analysis of Market Size, CAGR, Growth Drivers, and Emerging Trends
"Harnessing the Power of Construction & Real Estate Growth, Energy Efficiency, and Technological Advancements in the Worldwide Doors Market
What Is The Projected Market Size Of The Global Doors Market And Its Growth Rate?
The global doors market is experiencing a remarkable surge over the years. Key statistics include:
- The doors market size was $150.52 billion in 2024, and it is projected to rise to $164.69 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%.
- The growth during the historic period was spurred by factors such as construction and real estate growth, home renovation and remodeling, commercial building construction, security and safety concerns, and the drive for energy efficiency and sustainability.
- The doors market is set to witness even more substantial growth over the next several years, with a predicted size of $232.52 billion in 2029 and a CAGR of 9.0%.
- The growth during the forecast period can be attributed to factors such as an aging population and universal design, increased security solutions, energy-efficient doors, commercial and industrial sector expansion, and emerging market growth.
What Is Driving The Growth In The Doors Market?
The growth of the doors market can be tied back to rapid urbanization experienced globally. Urbanization, implying the shift of population from rural to urban settings and increased human population density in urban areas, has thereby led to heightened demand for new residential and non-residential buildings. This development provides the doors market with ample opportunities for expansion. For instance, according to the United Nations Department of Economic and Social Affairs, it is projected that 68% of the world population, approximately 2.5 billion people, will be residing in urban areas by 2050. Accordingly, the rapid global urbanization is expected to augment the doors market.
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Who Are the Key Players Driving Doors Market Growth?
The doors market is shaped by several key players. These include:
- Allegion plc
- Andersen Corporation
- Assa Abloy AB
- Jeld-Wen Inc.
- KONE Corporation
- Masco Corporation
- Masonite International Corporation
- Pella Corporation
- PGT Innovations Inc., and many others.
What Are The Key Trends In The Doors Market?
Several major trends are expected for the upcoming years in the doors market:
- Touchless and contactless entry solutions
- Smart and IoT-enabled doors
- Technological advancements
- Strategic collaborations
- Use of innovative engineered wood
What Are The Segments Of The Global Doors Market?
The doors market has been segmented into multiple categories for in-depth analysis:
- By Material: Wood, Glass, Metal, Composite, Plastic
- By Mechanism: Swinging Doors, Sliding Doors, Folding Doors, Overhead Doors
- By Application: Non-residential, Residential
Which Region Leads The Doors Market?
In 2024, the largest region in the doors market was Asia-Pacific. Yet, this report covers a wide array of regions, including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa, ensuring a comprehensive and inclusive analysis.
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What Is Covered In The Doors Market Global Market Report?
- Market Size Analysis: Analyze the Doors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Doors Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Doors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Doors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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