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Doors Market Size
- Report ID: GMI2112
- Published Date: Jul 2024
- Report Format: PDF
Doors Market Size
Doors Market was valued at USD 157.2 billion in 2023 and is estimated to grow at a CAGR of 5.2% during the forecast period from 2024 to 2032. The increasing construction expenditure globally is expected to boost the presence of residential and commercial buildings. Recently, there has been substantial growth in the residential & commercial construction sector due to rising globalization & urbanization.
Anticipated growth in disposable income is expected to drive the demand for the construction industry, resulting in market growth throughout the forecast period. As urbanization increases and populations grow, the need for new housing, office space, and infrastructure projects rises significantly. This increase in construction activity directly contributes to the demand for doors in a variety of doors. For instance, according to Oxford Economics, the global construction work to reach $13.9 trillion by 2037, driven by growth in China, the US, and India.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Doors Market Size in 2023: | USD 152.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 244.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 160 |
| Segments covered: | Product, Material, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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In addition to this, Homeowners are increasingly investing in home improvements with door replacement becoming an important part of these renovations. Whether motivated by aesthetic preferences or functional requirements, homeowners choose doors that not only complement their interior design but also provide increased security, durability, and energy efficiency.
Furthermore, the demand for doors is heavily influenced by interior design and architectural trends. Modern designs frequently emphasize sleek, minimalist styles that add to a clean, aesthetic look. On the other hand, individuals who are looking for a timeless appeal that goes well with traditional home layouts continue to favor traditional and rustic designs.
Price fluctuations for raw materials pose significant challenges for door producers since they affect manufacturing costs and profitability. Key components of doors include steel, Aluminum, wood, and glass; however, the cost of these materials varies depending on several circumstances, including supply chain interruptions, fluctuations in the global market, and unstable economic conditions.
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Doors Market Scope
