[145 Pages Report] The doors market is estimated to be valued at USD 81.67 Billion in 2017 and is projected to reach USD 103.52 Billion by 2022, at a CAGR of 4.86% from 2017. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
2. Doors Market Worth 103.52 Billion USD by 2022
The report "Doors Market by Material (Metal, Wood, Plastic,
Glass, Composite), Mechanism (Swinging, Sliding, Folding,
Overhead), Product Type (Interior, Exterior), Mode of Application
(New Construction, Aftermarket), Application, and Region -
Global Forecast to 2022" The doors market is estimated at USD
81.67 Billion in 2017 and is projected to reach USD 103.52 Billion
by 2022, at a CAGR of 4.86%. Global economic recovery; the
growing construction industry; and demand for greater security,
safety, and convenience will drive the demand for doors.
Additionally, the growing concerns about the environment have
resulted in governing bodies implementing building codes and
standards to save energy. This has further increased the demand
for energy-efficient and green doors.
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3. Doors Market Worth 103.52 Billion USD by 2022
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177 data tables
33 figures
145 pages and in-depth TOC on “Doors Market”
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[145 Pages Report] The doors market is estimated to be valued at USD 81.67 Billion in
2017 and is projected to reach USD 103.52 Billion by 2022, at a CAGR of 4.86% from
2017. The base year considered for the study is 2016 and the forecast period is from 2017
to 2022.
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4. Doors Market Worth 103.52 Billion USD by 2022
The interior doors segment is expected to grow at the
highest CAGR during the forecast period
Based on product type, the interior doors segment is
expected to be the fastest-growing during the forecast
period. Increase in government investments in non-
residential infrastructure and growth of the residential
sector are expected to drive the interior doors segment
during the forecast period.
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5. Doors Market Worth 103.52 Billion USD by 2022
The swinging doors segment is estimated to account
for the largest share in the doors market in 2017
Based on mechanism, the swinging doors segment is
expected to grow at the highest CAGR between 2017
and 2022. This segment is projected to grow at the
highest rate during the forecast period, owing to their
affordable prices and the aesthetic appeal they add to
the structure.
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6. Doors Market Worth 103.52 Billion USD by 2022
The Asia Pacific doors market is estimated to account for the
largest share in the doors market in 2017
The Asia Pacific region is estimated to account for the largest
share of the doors market in 2017. Among all countries in this
region, the market in China is projected to grow at the highest
CAGR during the forecast period. The North American market is
expected to grow at the second-highest CAGR between 2017 and
2022, with the US registering the highest growth rate in the
region.
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7. Doors Market Worth 103.52 Billion USD by 2022
Key players operating in the doors market include Masco
Corporation (US), Assa Abloy (Sweden), Allegion Plc (Ireland),
Dorma Kaba (Switzerland), Masonite International Corporation
(US), Ply Gem Holdings Inc. (US), PGT Inc. (US), Fancy Doors &
Mouldings (US), Simpsons Door Company (US), Anderson
Corporation (US), and Jeld-Wen Inc. (US). These players have
adopted various growth strategies to expand their global
presence and increase their market share. Mergers &
acquisitions, expansions & investments, agreements &
partnerships, and new product launches are some of the major
strategies adopted by key players operating in the doors market.
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8. Doors Market Worth 103.52 Billion USD by 2022
Market Industry Leaders :
The global doors market is expanding and is projected to witness
moderate growth over the next five years. Some of the major
factors that drive the growth of this market are new investments
in the construction industry owing to rapid urbanization &
commercialization and the changing interior décor preferences of
the population. The growing trend of sustainable construction
techniques and investment in customization of doors are also
influencing the growth of the doors market. The doors market is
estimated at USD 81.67 billion in 2017 and is projected to reach
USD 103.52 billion by 2022, at a CAGR of 4.86%.
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9. Doors Market Worth 103.52 Billion USD by 2022
The doors market is led by major players such as Masco
Corporation (US), Assa Abloy (Sweden), Allegion Plc (Ireland),
Dorma Kaba (Switzerland), and Masonite International
Corporation (US). These players have adopted numerous growth
strategies to increase their market share, enhance their product
portfolio, and expand their market share. Mergers & acquisitions,
new product launches, expansions & investments, and
agreements & partnerships are some of the major strategies
adopted by leading players operating in the doors market. The
years 2014 and 2015 experienced a large number of mergers &
acquisitions by top players in the market.
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10. Doors Market Worth 103.52 Billion USD by 2022
Mergers & acquisitions accounted for the largest share
of all strategic developments in the doors market in
2016. Companies such as Masco Corporation, Assa
Abloy, Allegion Plc, Masonite International Corporation,
and Dorma Kaba adopted this strategy to strengthen
their product portfolios, expand their geographic reach,
and enhance growth prospects in the doors market.
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11. Doors Market Worth 103.52 Billion USD by 2022
Allegion Plc (Ireland) is a leading doors manufacturer. Strong
global presence and adoption of growth strategies such as
mergers & acquisitions and agreements & partnerships have
ensured its leading position in the market. The company focuses
on improving its customer value and expanding in emerging
markets by establishing a market-driven product portfolio,
upgrading supply chain capabilities, and expanding its presence
through acquisitions. In 2017, Allegion Plc acquired Republic
Doors & Frames, Inc. (US), a manufacturer of hollow metal doors
and frames. This acquisition helped the company to expand its
product offerings and improve its operating efficiency and
distribution footprint.
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12. Doors Market Worth 103.52 Billion USD by 2022
Masonite International Corporation (US) is another key player in
the doors market. It is a global designer and manufacturer of
interior and exterior doors. In 2017, Masonite International
Corporation acquired A&F Wood Products, Inc. (US), a wholesaler
and fabricator of architectural and commercial wood doors
mainly dealing in the US Midwest. This acquisition helped the
company to boost its sales in the domestic market.
Major market players have adopted diversified strategies for
expansion in developed and emerging countries. The Asia Pacific
region dominated the doors market in 2016. The increase in
demand for doors can be largely attributed to the growing
infrastructure and building & construction industries here.
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13. Doors Market Worth 103.52 Billion USD by 2022
New Revenue Pockets :
Based on material, the plastic segment plays a key role in the
doors market
The doors market has been growing in accordance with the
construction industry. With increasing awareness about new
technologies implemented in doors and their maintenance and
concerns about the quality of doors, people are opting for secure
and safe doors. The doors market is projected to reach USD
103.52 billion by 2022, at a CAGR of 4.86% from 2017.
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14. Doors Market Worth 103.52 Billion USD by 2022
Based on material, the plastic segment is projected to grow at the
highest CAGR from 2017 to 2022. Plastic doors are preferred as they are
convenient to handle, require low maintenance, and are cost-effective.
Plastic doors are widely used in the emerging economies of the Asia
Pacific and the Middle East & Africa.
Based on mechanism, the swinging doors segment is projected to grow
at the highest CAGR from 2017 to 2022. This growth can be attributed
to key factors such as easy maintenance and low costs. High application
scope of swinging doors in residential and commercial buildings due to
their easy fitting mechanism, lesser space consumption, and significant
durability is expected to boost market growth during the forecast
period.
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15. Doors Market Worth 103.52 Billion USD by 2022
Based on mode of application, the new construction
segment is projected to grow at the highest CAGR from
2017 to 2022. This growth can be attributed towards the
rising demand for green buildings along with
improvements in the construction industry. Increasing
construction activities in both, the residential as well as
non-residential sectors further drive the demand for
doors.
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16. Doors Market Worth 103.52 Billion USD by 2022
The doors market in the Asia Pacific region is projected to grow at
the highest CAGR from 2017 to 2022; China projected to be the
fastest-growing market, by country. According to the Population
Reference Bureau, the fastest-growing consumer markets of
China, India, and other Asia Pacific countries had a combined
population exceeding four billion people (as of 2014), which is
projected to become an increasingly important driver for global
consumption of doors over the next two decades, led by rapidly
rising household incomes and the fast-growing middle-class
population. The growth of the doors market in the Asia Pacific
region is further propelled by factors such as rapid urbanization,
rising demand for energy-efficient buildings, and rising disposable
income of consumers.
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