Doors Market Demand to Hit US $165 Billion by 2026: Global Market Insights, Inc.
The sliding doors market is expected to account for more than a 25% industry share over 2019-2026, as these doors provide attractive aesthetics to residential housing, which is likely to increase their usage in the new residential construction industry.
SELBYVILLE, Del., December 4, 2019 (Newswire.com) - Global Market Insights, Inc. has recently added a new report on the doors market, which estimates the worldwide market for doors will cross USD $165 billion by 2026. Rising urbanization and populations will hasten the growth of the doors industry in the coming years.
Growing infrastructure activities and a surge in the real estate sector across Asia-Pacific will be propelling the market development over the forecast timeframe. Additionally, growing urbanization and populations will be accountable for the increase in new non-residential and residential buildings in this region. According to estimates, Asia-Pacific will likely have close to a 50% rate of urbanization by 2026, which will further provide opportunities for the market expansion over the study period.
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Some major findings of the doors market report include:
- Supporting regulations for the renovation of existing infrastructure globally will stipulate the market demand.
- Growing private, as well as government investments towards the new residential construction sector in North America, will develop the industry.
- Increasing the replacement of aging infrastructure in European countries will boost the the doors market share.
- Changing consumer buying patterns for luxury products will enhance the product demand.
- Ongoing trends for energy-efficient buildings will boost the industry in coming years.
Although the industry is growing significantly, high prices of raw materials will be a potential restraint for doors manufacturers. However, higher profitability and growing consumer demand for construction products may increase the number of new entrants over the forecast period, thereby propelling the business share.
Sliding doors will account for a market share of more than 25% over the forecast period. These doors are equipped with soundproof and airtight insulation features depending upon the end-user requirement. These doors also provide attractive aesthetics to residential housing, which is likely to increase its usage in the new residential construction industry in the future.
Browse key industry insights spread across 175 pages with 235 market data tables and 27 figures and charts from the report, “Doors Market Size By Product (Hinged, Sliding, French), By Material (uPVC, Wood, Metal), By Application (Residential [New Residential, Improvement & Repair], Commercial [New Commercial, Improvement & Repair]), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026,” in detail ,along with the table of contents:
uPVC doors will grow at a CAGR of 5.5% over the study period, owing to its superior strength, versatility and cost-effectiveness. These doors are widely used for making sliding, hinged or French doors. The availability of a variety of colors, patterns and laminates will be accountable factors for driving the segment’s growth by 2026.
The residential applications market was valued at more than USD $65 billion over the forecast period due to increasing population around the world. The availability of government subsidies to develop the residential construction segment will propel door usage. Further, rising building improvement and repair activities will contribute significantly to increasing market demand over the forecast period.
The Asia-Pacific door market will account for a market share of more than 40% over the forecast period. Growing urbanization and industrialization, accompanied by rising government attention to developing infrastructure in Asia-Pacific, will be major driving factors for the industry expansion over the forecast period. However, the short term economic slowdown in India, along with the ongoing U.S.-China trade war, will significantly impact the industry. Despite this, growing consumer spending power and urbanization in these countries will further boost the market share over the forecast period.
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The doors market will proliferate at a significant rate over the forecast period, owing to the rising demand for improved infrastructure across the world. Key producers in the market include, Andersen Corporation, Lixil Group Corporation, YKK Corporation, Pella Corporation and several others.
Partial chapter from the report's table of contents (TOC):
Chapter 2 Executive Summary
2.1 Global doors industry 360° synopsis, 2016 – 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Material trends
2.1.4 Application trends
2.1.4 Regional trends
Chapter 3 Global Doors Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2016 – 2026
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Profit margin trends
3.3.3 Vendor matrix
220.127.116.11 Product portfolio
18.104.22.168 Global presence
3.4 Technology landscape
3.5 Raw material analysis
3.6 Industry best practices & key buying criteria
3.7 Regulatory landscape
3.8 Pricing analysis, by region
3.8.4. Latin America
3.8.6. Cost structure analysis
3.9 Industry impact forces
3.9.1. Growth drivers, by region
3.9.2.Industry pitfalls & challenges
3.10 Innovation & sustainability
3.11 Growth potential analysis
3.12 Competitive landscape, 2018
3.12.1. Market share analysis
3.12.2. Key stakeholders
3.12.3. Strategy dashboard
3.13 Porter’s analysis
3.13 PESTEL analysis
Browse complete report table of contents: https://www.gminsights.com/toc/detail/doors-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: Global Market Insights Inc.