Hollow Metal Doors Market Poised for Growth: Valued at USD 15.7 Billion in 2021, Projected to Reach USD 26.1 Billion by 2031 at a CAGR of 5.2%

The global hollow metal doors market has witnessed significant growth over the years, with its size being valued at USD 15.7 billion in 2021. It is projected to reach USD 26.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2031. Hollow metal doors are widely used in commercial and industrial environments due to their durability, security, and fire-resistant properties. These doors typically consist of a steel frame with steel panels laminated on both sides and are equipped with mounts for hinges and a pocket for a mortise lock.

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Market Dynamics

The demand for hollow metal doors is primarily driven by several key factors. Firstly, the increasing trend of multifamily housing and the rising adoption of automated doors in the commercial sector contribute to the market's expansion. Automated doors are increasingly installed in commercial spaces such as airports, malls, corporate offices, and other high-traffic areas. Another significant driver is the growing government spending on the development of residential and commercial buildings. Furthermore, rapid industrialization and urbanization in economies such as India and Africa have positively influenced the hollow metal doors market.

Moreover, consumer expenditure on home renovation and improvement projects is also playing a crucial role in the market's expansion. As people invest more in upgrading their homes, the demand for high-quality, durable, and energy-efficient doors continues to rise. However, fluctuating raw material prices, particularly for metals, pose a challenge to the market's growth. The cost of steel and other materials used in manufacturing hollow metal doors can impact production costs, thereby affecting market prices.

Segmentation of the Hollow Metal Doors Market

By End User

The end-user segment of the market comprises commercial and institutional buildings, industrial spaces, and other applications. In 2021, the commercial and institutional buildings segment generated the highest revenue, mainly due to increased government investment in institutional and commercial infrastructure. Governments worldwide are focusing on developing commercial infrastructure, which in turn, is expected to drive demand for hollow metal doors.

For instance, in August 2020, the Tokyo International Conference on African Development (TICAD) announced plans to invest $20 billion in Africa over the next three years. Such initiatives are expected to fuel the growth of commercial infrastructure and, consequently, the hollow metal doors market during the forecast period.

By Type

The market is further segmented based on the type of hollow metal doors available. The most prominent segment in 2021 was flush hollow metal doors. These doors are commonly used in various settings, including fire exit doors, rear building doors, storage rooms, and entrance doors. The flush hollow metal doors segment holds a significant share in the market due to its widespread application in commercial and industrial environments.

Other types of hollow metal doors include doors with windows and paneled hollow metal doors, both of which cater to different aesthetic and functional requirements. Paneled hollow metal doors, for example, provide a more decorative appearance while maintaining the strength and durability of standard hollow metal doors.

By Application

The hollow metal doors market is segmented into new construction and renovation applications. New construction activities, particularly in developing economies, contribute significantly to the demand for hollow metal doors. The surge in urbanization, increasing disposable income, and rising demand for secure and fire-resistant doors in new buildings are fueling market growth.

Renovation projects, on the other hand, are also playing a critical role in driving demand. Many commercial buildings and industrial facilities require door replacements for improved security and efficiency, which, in turn, boosts the market for hollow metal doors.

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Regional Market Insights

The hollow metal doors market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

Asia-Pacific

Asia-Pacific dominated the hollow metal doors market in 2021 and is anticipated to maintain its leadership throughout the forecast period. The growth in this region can be attributed to increasing urbanization, population growth, and industrial development. Countries like China, India, and Japan are experiencing rapid construction activities, which contribute to the rising demand for hollow metal doors.

In addition, China's 14th Five-Year Plan (2021-2025) emphasizes government-driven efforts to integrate digital technology into the construction industry. Such initiatives are expected to accelerate market growth in the Asia-Pacific region.

North America and Europe

North America and Europe are also significant markets for hollow metal doors due to strong demand from commercial and industrial sectors. The U.S. and Canada are witnessing increased investments in infrastructure projects, while European countries are focusing on energy-efficient construction practices. Government regulations and safety standards in these regions further boost the demand for fire-rated and durable hollow metal doors.

LAMEA

The LAMEA region, which includes Brazil, Argentina, Saudi Arabia, UAE, South Africa, and Nigeria, is also witnessing steady growth in the hollow metal doors market. Increasing construction projects in commercial and industrial sectors and rising awareness of fire safety are contributing to market expansion in these regions.

Impact of COVID-19 on the Hollow Metal Doors Market

The COVID-19 pandemic had a significant impact on global industries, including the hollow metal doors market. In 2019 and 2020, lockdowns and restrictions led to a halt in production and disruptions in the supply chain. The construction sector, a major end-user of hollow metal doors, faced delays and project cancellations due to labor shortages and material supply issues.

However, as vaccination programs were rolled out and restrictions eased, the market began recovering. By the end of 2022, production capacities returned to normal, and demand for hollow metal doors rebounded. The pandemic also highlighted the importance of automation and contactless access solutions, leading to increased adoption of automated hollow metal doors in commercial spaces.

Competitive Landscape

The hollow metal doors market is highly competitive, with several key players operating globally. Major companies in the industry include:

AccessSMT Holdings Ltd.

ALLEGION

Baron Metal Industries, Inc.

Beacon Commercial Door & Lock

CECO DOOR

Concept Frames

Curries

DCI Hollow Metal

Deansteel Manufacturing Company, Inc.

DKS Steel Doors & Frames, Inc.

EightynineA LLC.

Fleming

GH Hollow Metal Doors & Frames Industries Corp.

Houston-Starr Company

Plyler Entry Systems

Quality Engineered Products Co.

TRUDOOR, LLC.

These companies focus on strategic partnerships, mergers, and acquisitions to strengthen their market presence. Technological advancements, including energy-efficient and fire-rated doors, are key strategies adopted by these firms to cater to the growing demand.

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Future Market Trends and Opportunities

The hollow metal doors market is expected to witness several trends in the coming years:

Rising Demand for Energy-Efficient Doors - Growing environmental concerns and stringent energy efficiency regulations will drive demand for hollow metal doors with better insulation and energy-saving properties.

Integration of Smart Technologies - The adoption of smart locks and automated door systems in commercial buildings is expected to increase, enhancing security and convenience.

Increase in Renovation Activities - As existing buildings undergo renovations, the replacement of traditional doors with more secure and durable hollow metal doors is expected to grow.

Sustainability and Green Building Initiatives - The construction industry's shift toward sustainable practices will boost demand for eco-friendly and recyclable materials used in hollow metal doors.

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