Sectional Doors Market Expected to Reach $8.6 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Sectional Doors Market," The sectional doors market size was valued at $5.4 billion in 2021, and is estimated to reach $8.6 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031. 

The increasing demand for sectional doors can largely be attributed to the increasing number of establishments such as parking garages, shopping centers, manufacturing establishments, warehouses, and other similar facilities having large doors. Typically, sectional doors consist of panels made up of materials such as aluminum, steel, PVC, fiberglass, and others. Among these, the steel segment accounted for the highest market share in 2021, owing to its high strength, and durability. The market is analyzed with respect to different applications such as exterior and interior. Out of these, the exterior segment accounted for the highest market share in 2021, owing to high demand from residential and non-residential users. By end user, it is based on residential and non-residential. The market is mainly driven by the rise in industrialization in developing countries, the increasing number of vehicles in households, and the development of commercial infrastructure throughout the regions. However, the fluctuating cost of raw materials and high investment and maintenance costs constrain the sectional doors market growth. 

Region wise, the sectional doors market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Europe dominated the global sectional doors market, in terms of revenue. Moreover, the market in LAMEA is anticipated to grow with the highest CAGR, owing to growth in industrialization in the region.

Various manufacturers in the sectional doors market such as Hörmann Group, Megadoors, Miacasa Steel Industries LLC., RJ Garage Doors, and Saudi Anfal Group offer a wide variety of sectional doors for residential as well as non-residential applications. For instance, in April 2021, Hormann Group, which is an industrial door supplier and installer has done a major product development to the Hormann series 60 industrial sectionals doors.

However, during the pandemic lockdown, various manufacturers in the sectional doors market had to stop their business in countries such as China, Australia, U.S., UAE, and countries in Europe. This break directly impacted sales of sectional doors manufacturing companies. In addition, the lack of manpower and raw materials constricted the supply of raw materials for sectional doors; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging sectional doors market trends and dynamics. 
• Depending on the material, steel dominated the sectional doors market, in terms of revenue in 2021, and aluminum is projected to grow at a significant CAGR during the forecast period.
• By application, the exterior segment accounted highest revenues share in 2021.
• By end user, the non-residential segment is expected to grow at the highest CAGR during the forecast period.
• LAMEA is projected to register the highest growth rate in the coming years.
• The key players within the sectional doors market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the sectional doors industry.
• The report provides an extensive sectional doors market forecast analysis of the current trends and emerging opportunities of the market. 
• In-depth sectional doors market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.