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Global Doors Market to Grow at a CAGR of 5.1% During 2022-2027, Aided by the Growing Building and Construction Activities in the Emerging Economies of the World

According to a new report by EMR titled, ‘Global Doors Market Report and Forecast 2022-2027’, the global market stood at a value of around USD 135 billion in 2020. The market is further expected to grow at a CAGR of 5.1% in the forecast period of 2022-2027.

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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Market Breakup by Materials, Types, Mechanisms, Applications, and Region:

  • The market is segmented on the basis of material into wood, glass, metal, and plastic, among others.
  • The different types of doors include interior (manual and automatic) and exterior (manual and automatic).
  • On the basis of mechanism, the market is divided into swinging doors, sliding doors, folding doors, and revolving doors, among others.
  • The applications of the product include sound insulation doors, fire protection doors, moisture resistant and wet room doors, smoke protection doors, radiation protection doors, and burglary protection doors, among others.
  • Region-wise, the global market for doors can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Key Findings of the Report:

  • The global market for doors is driven by the rising building and construction activities in the emerging economies.
  • The growing residential and non-residential activities, owing to the rising population, is likely to propel the market growth.
  • The growing popularity of the plastic doors, owing to the low cost and good insulation, will further augment the market.
  • The market will further be aided by the rapid industrial construction, owing to the thriving food and beverage, textile, and automotive sectors, among others.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for the periods (2016-2020) and (2022-2027).
  • The report also offers historical (2016-2020) and forecast (2022-2027) market information for the    materials, types, mechanisms, applications, and region of doors.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

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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