Doors Market Share, Size, Growth Opportunities, Trends Analysis & Global Industry Forecast Report, 2023-2030
GMI Research analysis indicates that the Doors Market size was estimated at USD 99.7 billion in 2022 and is slated to register a single digit CAGR of 4.6% over the forecast period, and is projected to reach USD 142.9 billion in 2030
Doors Market Overview
Doors have been widely familiar as it is one of the most popular structures in construction. The doors control the atmosphere of a place by covering the air drafts as well as enhancing the visual appeal of the architecture.
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Major Doors Market Drivers
Rapid industrialization, increasing urban population, and growing trend of multifamily housing are some of the major factors fueling the doors market size. In addition, growing expenditure on home renovation and expansion of the construction industries has augmented the use of doors in residential and non-residential structures to facilitate the view, driving the market growth. The overall construction sector is projected to witness a faster growth compared to the global GDP in the next 10 years. The number of smart city projects across the globe have significantly increased in 2020. Additionally, ongoing advancements in technology, such as smart locks on doors incorporated with artificial intelligence (AI) and fingerprint recognition systems to improve security and reduce the reliance on physical keys for access, will positively impact the market growth. Other factors, which include the growing adoption of doors in the automotive industry, emerging need to replace ageing infrastructure, increasing infrastructure development and rising expenditure capacities of consumers, are likely to augment the market growth. However, as per the Doors Market Global Forecast, the fluctuations in the raw material prices will impede the market growth.
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Material – Segment Analysis
Based on the Material, the Metal segment is expected to grow at a higher CAGR during the forecast period. This can be attributed owing to the increasing use in commercial and residential applications due to their physical characteristics like longevity, durability, and flexibility in design. Aluminum is the most popular metal in product manufacturing. Manufacturers are currently aiming at developing products that provide improved thermal insulation and weather-proof doors that offer high durability. The design of these doors is as per the customization needs of customers, like the size and application of the product. Corrosion-resistant characteristics of these products coupled with better aesthetics make them an ideal choice for security applications. Metal doors offer fire & high impact resistance, thereby providing strength to the whole structure. The presence of these features boosts the demand for these door types in commercial and industrial buildings.
Application – Segment Analysis
Based on the Application, the Residential segment is expected to grow at a higher CAGR during the forecast period. The expansion in the residential sector due to the availability of government subsidies will further stimulate demand. Repair and renovation have witnessed the growth and are further contributing to the market revenue. Manufacturers in developing countries are mostly focusing on new construction as higher profitability achieved through new residential construction. The rising demand for energy-efficient products, especially in the new residential construction, will promote the overall market outlook. Market players in the construction sector are aiming to offer enhanced products for construction projects by the development of the infrastructure. The growing disposable income coupled with recent trends of the usage of eco-friendly structures will surge business growth. The feature of customization as per customer needs will further escalate industry demand.
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Regional – Segment Analysis:
Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. The expansion of building renovation impelled by the increasing necessity to upgrade commercial, residential, medical, educational buildings in China is predicted to provide a strong stimulus. In India, the government is investing heavily in affordable housing construction and the development of commercial & institutional infrastructure. The region is predicted to maintain its global dominance driven by several vital factors. A rise in brand consciousness and shifting consumer choices towards luxurious products are the key factors driving the doors market size in this region. The rapid growth of the regional economy and the growing disposable income will directly result in an increase in the expenses of overall luxury products, including decor, bathroom fillings, and doors.
Top Market Players
Various notable players operating in the market include ASSA ABLOY, dormakaba Group, Masonite International Corporation, ANDERSEN CORPORATION, Simpson Door Company, JELD-WEN, Inc., PGT INNOVATIONS, Fancy Doors & Mouldings Ltd., Cornerstone Building Brands, ARCAT, Inc. among others.
Key Developments:
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- In 2020, Olimpia Hardware was acquired by Assa Abloy. This acquisition is intended to help company expand its distribution network in Latin America.
- In 2022, Andersen introduced the most comprehensive variety of modern windows and doors to expand its classic 400 Series casement to involve a contemporary profile option, allowing clean, simple profiles to fulfil the latest design trends and offer more customization possibilities, demonstrating its industry leadership.
- In 2021, dormakaba Group enhanced its KTV Revolving Door system, which now provides improved installation times and a new automatic Night Shield.
- In 2020, ASSA ABLOY procured Olimpia Hardware (Costa Rica). This acquisition will assist the company in increasing its distribution network in Latin America.
- In 2020, ASSA ABLOY acquired a majority stake in Agta Record (Switzerland) with approximately 93% of the share capital and voting rights. This acquisition will assist the company in expanding its doors product portfolio and increasing its presence in the European region.
Segments covered in the Report:
The global Doors market has been segmented on the basis of Material, Mechanism, Product Type, Application, Mode of Application and regions. Based on Material, the market is segmented into Wood, Glass, Metal, Composite and Plastic. Based on Mechanism, the market is segmented into Swinging Doors, Sliding Doors, Folding Doors, Overhead Doors and Others. Based on Product Type, the market is segmented into Interior Doors and Exterior Doors. Based on Application the market is segmented into Non-residential and Residential. Based on Mode of Application, the market is segmented into New construction and Renovation.
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Report Coverage |
Details |
Market Revenues (2022) |
USD 99.7 billion |
Market Base Year |
2022 |
Market Forecast Period |
2023-2030 |
Base Year & Forecast Units |
Revenues (USD billion) |
Market Segment | By Material, By Mechanism, By Product Type, By Application, By Mode of Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | ASSA ABLOY, dormakaba Group, Masonite International Corporation, ANDERSEN CORPORATION, Simpson Door Company, JELD-WEN, Inc., PGT INNOVATIONS, Fancy Doors & Mouldings Ltd., Cornerstone Building Brands, ARCAT, Inc., among others; a total of 10 companies covered. |
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Market Segmentation
Global Doors Market by Material
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- Wood, Glass
- Metal
- Composite
- Plastic
Global Doors Market by Mechanism
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- Swinging Doors
- Sliding Doors
- Folding Doors
- Overhead Doors
- Others
Global Doors Market by Product Type
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- Interior Doors
- Exterior Doors
Global Doors Market by Application
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- Non-residential
- Residential
Global Doors Market by Mode of Application
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- New construction
- Renovation
Global Doors Market by Region
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-
North America Doors Market (Option 1: As a part of the free 25% customization)
- By Material
- By Mechanism
- By Product Type
- By Application
- By Mode of Application
- US Market All-Up
- Canada Market All-Up
-
Europe Doors Market (Option 2: As a part of the free 25% customization)
- By Material
- By Mechanism
- By Product Type
- By Application
- By Mode of Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
Asia-Pacific Doors Market (Option 3: As a part of the free 25% customization)
- By Material
- By Mechanism
- By Product Type
- By Application
- By Mode of Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
RoW Doors Market (Option 4: As a part of the free 25% customization)
- By Material
- By Mechanism
- By Product Type
- By Application
- By Mode of Application
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
-
Major Players Operating in the Doors (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- ASSA ABLOY
- dormakaba Group
- Masonite International Corporation
- ANDERSEN CORPORATION
- Simpson Door Company
- JELD-WEN, Inc.
- PGT INNOVATIONS
- Fancy Doors & Mouldings Ltd.
- Cornerstone Building Brands
- ARCAT, Inc.
- Published Date: Aug - 2023
- Report Format: Excel/PPT
- Report Code: UP2196-001001
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Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Doors Market Share, Size, Growth Opportunities, Trends Analysis & Global Industry Forecast Report, 2023-2030
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