The doors market is estimated at USD 93.4 Billion in 2020 and is projected to reach USD 122.8 Billion by 2027, at a CAGR of 4.0 % from 2020. Doors have been widely popular as structure used in construction. Doors are used to control atmosphere of a place by enclosing air drafts. Also, doors are used to increase appeal of the architecture. Increasing demand for infrastructure across the world is fuelling market growth of Door Market. Furthermore, focus on commercialization and infrastructure developments is accelerating Door Market. Also, governments and policies regarding construction activities which would provide market growth for Door Market. Infrastructure development projects in emerging economies especially in India, China, South Korea and Thailand are boosting market growth for doors.

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Moreover, increasing disposal income and consumer spending on renovation and replacement for commercial and residential buildings will show positive impact on Door Market. Rising population and urbanization, also growing construction activities in commercial sectors such as schools, hospitals are majorly driving growth of Door Market. On the opposite side, high raw material prices are likely to hamper the growth of Door Market.

The global market for doors has been significantly large as doors are implemented in every residential and non-residential structure. Plastic doors are expected to be the fastest growing segment in the door industry, where gains are largely driven by demands from China, India and Brazil. Plastic materials have mostly benefited from their reduced maintenance requirements, low cost and its insulating properties, which are expected to be a huge contributor in the growth of the market.

The doors market is dominated by key players such as Masco Corporation (US), Assa Abloy (Sweden), Allegion Plc (Ireland), Dorma Kaba (Switzerland), Masonite International Corporation (US), Ply Gem Holdings Inc. (US), PGT Inc. (US), Fancy Doors & Mouldings (US), Simpsons Door Company (US), and Jeld-Wen Inc. (US). These players have adopted various strategies to expand their global presence and increase their market share. These include mergers & acquisitions, expansions & investments, agreements & partnerships, and new product launches are some of the key strategies adopted.

Analyst Commentary

Hinged doors are likely to account for around half of the overall industry share throughout the study period. This is due to growing adoption of the product in commercial and residential building construction activities. The product offers key benefits such as low space utilization and easy fitting to residential buildings. Commercial spaces including malls and offices also utilizes hinged doors due to its ease of opening capability.

Sliding will showcase a considerable growth rate over the forecast time period due to its key benefits over other doors. Low space utilization along with airtight insulation are the key factors driving the sliding doors demand. The product can also be used with two layer or multi-layer glass for providing better insulation against weather. Sliding doors also find its application in many commercial & industrial buildings such as, factory warehouses, fire doors, shopping malls, theatre, and shop front among others.

uPVC doors will have considerably lower share of overall industry throughout the forecast time period. However, these products are gaining considerable attention in the residential and commercial construction activities due to their key advantages including, energy savings, excellent thermal & sound insulation, resistance against chemicals, impact, weather & termites, etc. The segment is likely to grow at highest rate as it offers longer shelf life and requires no maintenance during its life cycle.

Wooden doors will hold largest share of the overall industry throughout the forecast time period. Ease of machinability and availability of a wide range of customization alternatives are likely to propel the product demand in the forecast time period. However, stringent government regulations along with increasing consumer awareness related to deforestation will be affecting the segment’s growth soon.

Segmentation

The doors market has been segmented on the basis of material, mechanism, application and region. Based on material the market is segmented into wood, metal, uPVC and others. On the basis of mechanism, the market is segmented into swinging, sliding, hinged and others. On the basis of application, the market is segmented into interior doors and exterior doors.

Regional Analysis

The market is strongly expected to grow due to the rising construction activities across the globe. In addition, the growing demand for doors for safety purposes such as fire and security, implemented in industries due to rising safety regulations is expected to drive the market. Growing commercial construction activities in developing regions such as India and China are expected to open the doors for the automatic door industry.

Asia Pacific represented the largest market in the door industry, followed by North America and Europe. Certain countries in Asia Pacific such as China, India and Indonesia are expected to gain a substantial amount of share in the market. Their low per capita income demand level is expected to give the potential for a strong market rise as income continues to grow in these countries.

Proliferating investment in new residential construction and rising requirement for modernising existing building are likely to be the key driving factors for the North America doors market in the coming years. In the U.S., the total construction expenditure including both private & public sector has reached to around USD 1.3 trillion in 2018, which will further grow at significant rate throughout the study period. Moreover, slack in the labour market, flat hourly wages, and household deleveraging are responsible for the development of residential construction in the U.S. Additionally, growing construction activities in commercial sector including hospitals & schools owing to favourable demographic trends and government policies will further pave way for the market in the projected time period.

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