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The doors market is driven by the rising building and construction activities in the developing countries. Doors are the crucial components of any residential or non-residential structures. The market will be aided by the growing popularity of the plastic doors which are good insulators and can be manufactured at relatively low cost.
Furthermore, the growing demand for various types of doors, such as safety door, trap door or blast proof doors, from the government sector, in order to enhance the safety of and security of the ministers or government staff is likely to provide impetus to the market growth.
In October 2020, ASSA ABLOY AB (STO: ASSA-B) took a decision to acquire Olimpia Hardware, in order to expand its reach all over Latin America. This move of ASSA ABLOY AB is likely to augment the sales of the doors.
On 5th May 2021, ASSA ABLOY (STO: ASSA-B) acquired Sure-Loc, which is the leading supplier of residential locks and associated hardware in the United States. This acquisition will strengthen the trust of people on the company about the safe and secured hardware offered by it.
In terms of region, the Asia Pacific region is anticipated to account for the largest share of the market, owing to the rapid urbanisation and rising investments in the infrastructure of various countries including India and China. The growing population in the region will augment the construction business, propelling the demand for doors in order to provide the consumers with safety and security. The market in the region will further be propelled by the industrial constructions, owing to the growth of various thriving industries such as food and beverage, healthcare, textiles, and automotive, among others.
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The major players in the global market are Agta Record Ltd, American Automatic Doors, Inc., Assa Abloy Group, Geze GmbH, Gilgen Door Systems AG, Dormakaba Holding AG, and Unternehmensgruppe Gretsch-Unitas, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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