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Garage and Overhead Doors Market: Rising Traction from Smart Home Integration and Eco-friendly Solutions
Garage And Overhead Doors Market
What Is The Projected Market Size Of The Global Garage And Overhead Doors Market And Its Growth Rate?
The garage and overhead doors market have shown substantial growth:
•The market valued at $7.27 billion in 2024 is expected to grow to $7.66 billion in 2025, at a 5.4% CAGR.
•The surge in market growth can be credited to the residential construction boom, renovation and remodeling trends, and industrial development.
•The market is forecasted to continue its growth to $9.83 billion in 2029 at a 6.4% CAGR.
•The future growth will be driven by smart home integration, sustainable and eco-friendly solutions, and emerging remote work trends.
What Is Driving The Growth In The Garage And Overhead Doors Market?
Rapid urbanization and increasing investments in residential infrastructure projects and construction activities are driving the market growth. The expanding residential infrastructure and construction sector are contributing significantly to the growth of the garage and overhead door market. The infrastructure and construction projects customize to clients' needs and contribute massively to the projects. A case in point is the UK government agency, Infrastructure and Projects Authority, planning a £164 billion investment in major infrastructure and construction projects for 2024/25 exceeds that of 2023/24, reflecting solid economic growth. Thus, this surge in investment in residential infrastructure projects and construction activities supports the growth of the garage and overhead door markets.
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Who Are the Key Players Driving Garage And Overhead Doors Market Growth?
The key companies operating in the garage and overhead doors market include:
•Clopay Corporation
•Overhead Door Corporation
•Raynor Garage Doors
•Amarr Garage Doors
•Wayne Dalton
•CHI Overhead Doors
•Genie Company
•LiftMaster
•Hörmann Group
•Midland Garage Door
What Are The Key Trends In The Garage And Overhead Doors Market?
Noteworthy trends in garage and overhead doors market encompass:
•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
What Are The Segments Of The Global Garage And Overhead Doors Market?
The garage and overhead doors market segments by:
1) Material: Aluminum, Steel, Wood, Fiberglass, Vinyl
2) Application: Exterior Application, Interior Application
3) End Users: Residential, Commercial
Which Region Leads The Garage And Overhead Doors Market?
The garage and overhead doors market saw North America as the largest region in terms of market share in 2024. Other regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Garage And Overhead Doors Market Global Market Report?
- Market Size Analysis: Analyze the Garage And Overhead Doors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Garage And Overhead Doors Market for effective categorization.
- Key Player 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 Garage And Overhead Doors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Garage And Overhead Doors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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