Garage And Overhead Doors Market Growth Accelerates: Strategic Forecast Predicts $9.83 Billion by 2029

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What Will the Garage And Overhead Doors Industry Market Size Be by 2025?
The market size of garage and overhead doors has seen a robust growth in the past few years. The market is estimated to grow from a valuation of $7.27 billion in 2024 to about $7.66 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.4%. The historical growth trend can be linked to factors such as a surge in residential construction, trends in renovation and remodeling, industrial and commercial expansion, concerns over security and safety, and demographic growth due to urbanization.

What's the Long-Term Growth Forecast for the Garage And Overhead Doors Market Size Through 2029?
Expectations are high for the garage and overhead doors market, as it is set for robust expansion in the upcoming years. The market size is projected to reach a substantial figure of $9.83 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 6.4%. Factors that can be credited for the growth in the coming period include the increasing incorporation with smart homes, greener and sustainable alternatives, the onslaught surge in e-commerce, the shift towards remote work, and initiatives towards urban redevelopment. The market is also witnessing rising trends like sustainable and eco-friendly doors, enhanced automation and remote accessibility, innovations in door opening technologies, correlation with home design trends and speedy advancements in technology.

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What Are the Key Growth Drivers Fueling the Garage And Overhead Doors Market Expansion?
The growth of the garage and overhead door market is forecast to be boosted by the escalating investment in residential infrastructure projects and construction activities. Residential infrastructure and construction encompass essential public services and facilities that support residential development such as waterworks, wastewater treatment plants, sewer and water lines, schools, parks, streets, streetlights, and stormwater management facilities. The flexibility of overhead garage doors to adapt to project requirements and provide valuable enhancements to construction projects is one of their notable benefits. For example, in February 2024, the Infrastructure and Projects Authority, a UK-based government agency, reported planned investment in significant infrastructure and construction projects for 2024/25 amounting to £164 billion, surpassing 2023/24, pointing to healthy economic growth. Projected total investment over the next decade is projected to reach between £700 billion and £775 billion. As a result, the surge in investment in residential infrastructure projects and construction activities is fueling the expansion of the garage and overhead door markets.

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What Are the Key Trends Driving Garage And Overhead Doors Market Growth?
Leading businesses in the garage and overhead door sector are striving to gain a market advantage through the creation of new offerings such as intelligent garage door openers. Rather than conventional contact sensors, Wyze incorporates AI technology from the camera that recognizes a QR code on the garage door to monitor its status. For example, in April 2022, Wyze Labs Inc., an electronics production firm based in the United States, introduced the Wyze Garage Door Controller, which enables remote tracking via the Wyze Cam v3 and a QR code mechanism. This package comes with both the Wyze Cam v3 and the Garage Door Controller module, offering visual confirmation through recorded footage and the ability for customers to remotely manage and observe their garage door via the Wyze application.

How Is the Garage And Overhead Doors Market Segmented?
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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Which Companies Are Leading the Charge in Garage And Overhead Doors Market Innovation?
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

Which Regions Are Leading the Global Garage And Overhead Doors Market in Revenue?
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.

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