Doors Market Analysis

Doors Market Analysis

Metal doors market is set to generate over USD 40 billion in 2020 as these are increasingly used in commercial and residential applications propelled by their physical characteristics such as durability, longevity, and flexibility in design. Aluminum is the most commonly used metal in product manufacturing.

Manufacturers are currently focusing on the development of products that offer enhanced thermal insulation and weather-proof doors that offer superior durability. The design of these doors is based on the customization requirements from customers such as the size and application of the product. Corrosion resistant properties of these products coupled with better aesthetics make them an ideal choice for security applications. Metal doors provide fire & high impact resistance, thus providing strength to the whole structure. The presence of these features surges the demand for these door types in commercial and industrial buildings.

The hinged doors segment is set to account for more than 30% of the doors market share. Superior properties including easy fitting and lower space consumption will boost demand in residential applications. Hinged doors are among the most prominent types of doors installed globally. High acceptance from residential & commercial buildings is anticipated to augment the market expansion.

Slew of commercial buildings including offices and malls are installed with these doors for easy function. They generally exist in the form of front/rear entry & wardrobe doors. These doors are considered ideal for residential building applications on account of the favorable characteristics, ranging from efficient space consumption and easy installation. The effective light & soundproofing, ease-of-usage, need for draught reduction, and maximization of space in small rooms are also among the crucial factors driving the hinged doors demand.

Residential application is predicted to hold above 50% doors market share through 2027. The positive product outlook for residential buildings propelled by the increasing population is expected to see an overall industry growth. The expansion in residential construction due to the availability of government subsidies will further escalate demand. Renovation and repair have witnessed growth and are further contributing to the market revenue.
 

Manufacturers in developing regions are majorly focusing on new construction as higher profitability achieved through new residential construction. The increasing demand for energy-efficient products, particularly in the new residential construction will support the overall market outlook. Market players in construction sector are focusing on providing improved products for construction activities by the development of the infrastructure. The increasing disposable income along with recent trends of the usage of eco-friendly structures will boost business growth. The availability of customization as per customer requirements will further elevate industry demand.
 

Asia Pacific doors market size will observe around 4% CAGR over 2021-2027. The expansion of building reformation impelled by rising necessity to upgrade commercial, medical, educational, and residential buildings in China is anticipated to provide a strong stimulus. In India, government plans to invest heavily in affordable housing construction and the development of commercial & institutional infrastructure.
 

The region is forecast to maintain its global dominance driven by several contributory factors. A rise in brand consciousness and shifting consumer preferences for high-end products are the major factors fueling the market statistics. The expansion of the regional economy and the increasing disposable income will directly result in an increase in the expenditure of overall luxury products including decor, bathroom fillings, and doors.