Doors Market Size, Share & Forecast, 2031
The Global Door Market Size was valued at USD 124.4 billion in 2021, and is projected to reach USD 206.6 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
A door is a hinged, revolving, sliding or swinging barrier at the ingress of a room, a building, in the skeleton of a cupboard, or an automobile. It can be produced using different materials, such as wood, metal, glass, cardboard, and fiberglass. The demand for windows and door market is largely driven by increase in multifamily housing trends, rise in adoption of automated door in commercial sector, and development of energy efficient door. Modern automated door are used in various commercial sectors, such as airports, malls, corporate offices, and others. In addition, rise in government spending on residential and commercial buildings development is expected to boost the door market growth.
Market Dynamics
A door includes a rotatable, hanging, sliding, or swinging partition or barrier that grants access to a room, building, or automobile. It may be made from cardboard, fiberglass, metal, glass, or wood.
Increasing number of buildings are propelling the demand for door. Further developing construction activities in Asia Pacific region has forecasted a higher growth rate than any other region due to increased spending on housing market in China and India this will supplement the growth of this industry. Therefore rise in infrastructural projects across different regions is anticipated to stimulate expansion of construction project therefore driving demand of this product services.
This is because fiberglass door contain within them the ability to conserve energy and provide better insulation than both wooden and metallic door. These exceptional insulating capabilities help to regulate room temperatures, reducing the need for excessive heating or cooling. Consequently, homeowners can save on their energy expenses. In recent years, there has been an increased demand for environmental friendly building products such as door. This is mainly because many nations have set different goals aiming at having a more energy efficient construction industry. An example of this is that in Europe, countries have set their future targets for making their real estates carbon-zero by 2050.
As well as that, there has also been a rise in government spendings resulting in increased construction of residential and non-residential buildings in US and Canada. Affordable houses are being built in both nations.
Recent developments in door market.
January 2022 Masonite International Corporation, a global designer, producer, marketer, and distributor of interior and exterior door, introduced Masonite M-Pwr Smart Door, the first home outside door to include electricity, lighting, a video doorbell, and a smart lock into the system.
In July 2021 Milgard Manufacturing, LLC launched new AX550 moving glass door in standard and custom sizes for both, new home construction and replacement or remodeling projects. This launch is expected to bring enrichment to its product line.
In July 2022 Stanley signed a definitive agreement for the sale of its automatic door business, Access Technologies, to Allegion plc. This agreement will advance Stanley Black & Decker's portfolio transformation and sharpen strategic focus on its core business.
The Door Market is segmented into Type, Material and Mechanism and region. On the basis of type, the market is divided into interior door and exterior door. On the basis of material, the market is divided into wood, glass, metal, plastic, and others. On the basis of mechanism, the market is divided into swing door, sliding door, folding door, revolving door, and others. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The door market is segmented on the basis of type into interior door and exterior door. The exterior door segment generated the highest revenue in 2021, due to rise in consumer expenses on home remodeling and restructuring.
On the basis of region, Asia-Pacific registered the highest share of the global door market share in 2021, owing to increased investment in tourism by private as well as public sector, which has also led to increased construction activities, thereby; creating demand for door. Furthermore, majority of countries in the region are spending on the construction sector for the growth of their economies.
The door market is segmented on the basis of material into wood, metal, plastic, glass, and others. In 2021, the wood segment accounted for the major share of the total door market owing to its thermal insulation properties, strong aesthetics, high strength, and high utility of wood. The glass segment is expected to see increase in use in light institutional and commercial applications, and is expected to see significant growth.
The door market is divided on the basis of mechanism into swing doors, sliding doors, folding doors, revolving doors, and others. The swing doors segment leads the doors market due to the large adoption of hinged doors globally. The sliding doors segment is predicted to exhibit the highest CAGR due to a shift toward space-efficient residential and commercial properties.
COMPETITION ANALYSIS
The key players that operate in the door market are Assa Abloy Group, Dormakaba Holding AG, GEZE GmbH, JELD-WEN Holding Inc., Manusa Gest, S.L., Nabtesco Corporation, Portalp, Royal Boon Edam International B.V., Sanwa Holdings Corporation, and Stanley Black & Decker.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global door market trends and dynamics.
- In-depth market global door market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of door market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Door market forecast analysis from 2022 to 2031 is included in the report.
- The key players with in door market overview are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of doors industry.
Doors Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 206.6 billion |
 Growth Rate | CAGR of 5.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 212 |
 By Type |
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 By Material |
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 By Mechanism |
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 By Region |
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 Key Market Players | Nabtesco Corporation, Dormakaba Holding AG, Stanley Black & Decker, Inc., Jeld-Wen Holding Inc., Manusa Gest, S.L., Assa Abloy Group, Portlap, Sanwa Holdings Corporation, Royal Boon Edam International B.V., GEZE GmbH |
Analyst Review
The doors market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future due to rise in urbanization and surge in investment in infrastructure by the government authorities. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global doors market growth. The exterior segment accounted for the majority of the market share in 2021, owing to rise in consumer expenses on home remodeling and restructuring.
Increase in demand for automatic doors from nonresidential construction sectors, namely, lodging, malls, shopping complexes, and other commercial sectors globally is expected to provide necessary impetus for the market growth. Rise in industrialization and urbanization acts as a significant driver for the development of the doors market. Furthermore, surge in disposable income of people and rise in demand for new residential construction and renovation activities further supplements the market growth. However, fluctuating prices of raw materials globally is expected to hamper the growth of the doors market. On the other hand, technological advancements and expansion of the infrastructure industry around the globe offer lucrative opportunities to the market players.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand its business and strengthen its market position. For instance, in April 2022, Royal Boon Edam International B.V launched a ground-breaking revolving-sliding high-capacity revolving door – the Orbit TriSens. The generous three-winged entrance is suitable for areas that handle very high pedestrian traffic, and it boost the latest technology housed within Boon Edam's signature "premium minimalistic" design. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global doors market.
Increase in multifamily housing trends, rise in adoption of automated doors in commercial sector, and development of energy efficient doors are the upcoming trends of Doors market in the world are the upcoming trends of Doors Market in the world.
The exterior doors is the leading type of doors market.
Asia-Pacific is the largest regional market for Doors.
The global doors market was valued at $124,436.8 million in 2021.
Assa Abloy Group, Dormakaba Holding AG, GEZE GmbH, JELD-WEN Holding Inc., Manusa Gest, S.L., Nabtesco Corporation, Portalp, Royal Boon Edam International B.V., Sanwa Holdings Corporation, and Stanley Black & Decker are the top companies to hold the market share in Doors.
The base year considered in the global doors market report is 2021.
The top 10 market players are selected based on two key attributes- competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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