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Garage And Overhead Doors Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Garage And Overhead Doors Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Garage And Overhead Doors Market?
Recent years have seen significant progress in the expansion of the garage and overhead doors market. The market is projected to inflate from $7.27 billion in 2024 to $7.66 billion in 2025, with an anticipated compound annual growth rate (CAGR) of 5.4%. Key factors driving this growth during the historical period include the surge in residential construction, contemporary renovations and remodels, commercial and industrial developments, escalating security and safety needs, as well as urbanization and population growth.
In the coming years, the garage and overhead doors market is projected to witness significant growth. It's anticipated to expand to an impressive $9.83 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. The growth throughout this forecast period can be credited to factors such as the integration of smart homes, sustainable and eco-friendly solutions, the surge of e-commerce, evolving remote work trends, as well as urban revitalisation projects. Further innovations in the forecast period include a growing movement towards sustainable and eco-friendly doors, the rise of automation and remote access, breakthroughs in door opening mechanisms, convergence with home design trends, and speedy technological growth.
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What Are the Different Garage And Overhead Doors Market Segments?
The garage and overhead doors market covered in this report is segmented -
1) By Material: Aluminum, Steel, Wood, Fiberglass, Vinyl
2) By Application: Exterior Application, Interior Application
3) By End Users: Residential, Commercial
Subsegments:
1) By Aluminum: Insulated Aluminum Doors, Non-Insulated Aluminum Doors
2) By Steel: Insulated Steel Doors, Non-Insulated Steel Doors, Corrosion-Resistant Steel Doors
3) By Wood: Solid Wood Doors, Wood Composite Doors, Custom-Designed Wooden Doors
4) By Fiberglass: Insulated Fiberglass Doors, Non-Insulated Fiberglass Doors, Decorative Fiberglass Doors
5) By Vinyl: Standard Vinyl Doors, Impact-Resistant Vinyl Doors
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What Are the Primary Drivers Shaping the Garage And Overhead Doors Market?
The anticipated expansion of the garage and overhead door market can be attributed to an upsurge in investments in housing infrastructure initiatives and construction operations. Housing infrastructure and building activities point to the requisite public utilities and establishments that facilitate residential development, incorporating essentials like sewage and water pipelines, wastewater treatment facilities, water plants, schools, parks, roads, street lighting, and stormwater handling amenities. Overhead garage doors provide several benefits and have the capacity to accommodate specific construction needs, adding valuable additions to construction projects. For example, the Infrastructure and Projects Authority, a government agency based in the UK, reported in February 2024 that planned investment of £164 billion in significant infrastructure and building projects for the year 2024/25 surpassed that of the previous year, signifying strong economic growth. The total investment projection for the coming decade is estimated to fall in the range of £700 billion to £775 billion. Hence, the surge in investment in housing infrastructure initiatives and construction activities is propelling the expansion of the garage and overhead door market.
Which Companies Are Leading in the Garage And Overhead Doors Market?
Major companies operating in the garage and overhead doors market are Clopay Corporation, Overhead Door Corporation, Raynor Garage Doors, Amarr Garage Doors, Wayne Dalton, CHI Overhead Doors, Genie Company, LiftMaster, Hörmann Group, Midland Garage Door, Garaga Inc., Safeway Garage Doors, Northwest Door, Martin Door Manufacturing, Richards-Wilcox, Rytec Corporation, ASSA ABLOY Entrance Systems, Jeld-Wen, Janus International, CornellCookson, Haas Door Company, Windsor Door, Entrematic Group, DBCI, BP Glass Garage Doors, Arm-R-Lite Door Manufacturing, Alumatec Pacific Products, Dynamic Garage Door, Creative Door Services, Hormann Flexon
What Are the Major Trends Shaping the Garage And Overhead Doors Market?
Leading corporations in the garage and overhead door industry are innovating new products such as intelligent garage door openers to establish a competitive stronghold. In contrast with traditional contact sensors, Wyze uses cutting-edge AI technology that recognizes a QR code on the garage door to indicate its status. For instance, in April 2022, the US electronics manufacturer Wyze Labs Inc launched the Wyze Garage Door Controller, which enables remote monitoring via a Wyze Cam v3 and a QR code mechanism. The packaging comes with both the Wyze Cam v3 and the Garage Door Controller module, offering visual confirmation through saved videos and the capability for users to manage and oversee their garage door from a distance through the Wyze app.
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What Are the Top Revenue-Generating Geographies in the Garage And Overhead Doors Market?
North America was the largest region in the garage and overhead doors market share in 2024. The regions covered in the garage and overhead doors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Garage And Overhead Doors Market?
2. What is the CAGR expected in the Garage And Overhead Doors Market?
3. What Are the Key Innovations Transforming the Garage And Overhead Doors Industry?
4. Which Region Is Leading the Garage And Overhead Doors Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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