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Industry Trend
Fire Door Market size exceeded USD 12 billion in 2020 and is projected to expand at 5.4% CAGR from 2021 to 2027. The industry shipments are predicted to exceed 33.5 million units by 2027. Consumers and governments are increasingly focusing on improving safety due to the increasing number of fire-related incidents, which is one of the key factors driving the industry growth.
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Demand for fire doors will decrease in the short term on account of the ongoing coronavirus pandemic. Several construction and engineering projects across the world have been affected by the closure of day-to-day operations along with the shortage of labor, delay in production, etc. The increasing competition between industry participants propelled by the presence of several regional & multinational manufacturers also acts as a serious obstacle to the industry statistics.
Based on materials, the glass fire door market is estimated to generate a revenue of around USD 2.8 billion by 2027 and is forecast to register 5.7% growth rate. The ability to prevent radiant heat and smoke from spreading to other parts of a building will accelerate the adoption of glass in residential & commercial buildings. Glass fire doors are custom-made and are available in versions with a fire-resistance rating of 20, 45, 60 & 90 minutes. Key aspects including safe & unhindered access to firefighters, individuals, and rescuers in the event of a fire will increase the demand for these materials.
Report Coverage | Details |
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Base Year: | 2020 |
Market Size in 2020: | 12.2 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 5.9% |
2027 Value Projection: | 17.8 Billion (USD) |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 330 |
Segments covered: | Material, Product, Application, End-use and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Steel fire door market size is likely to cross USD 8 billion revenue by 2027. Growing demand for rigid and solid doors in commercial premises will provide good prospects for the use of steel materials.
In terms of product type, hinged door segment is expected to account for nearly USD 10.6 billion by 2027 and is predicted to showcase growth rate of nearly 5%. Many commercial buildings including offices and shopping malls are equipped with these doors for easy opening. They usually exist as entrance/back doors and cabinet doors. This type of door is also ideal for residential buildings due to its advantages such as a small footprint or easy installation.
The residential application is anticipated to witness above 5.3% CAGR through 2027. The positive outlook for residential buildings owing to the increased safety awareness among residents coupled with government subsidies to observe an overall growth in the industry.
The increasing construction volumes of residential complexes and housing partners impelled by rapid urbanization will fuel the demand fpr internal fire doors. The growing need in the openings of partitions of buildings and apartments will stimulate the market revenue. The internal fire doors segment is poised to see 5.2% growth in the forecast timeframe.
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North America is the key region in the global fire door market and holds a significant share owing to its demand in various end-use industries. The region will witness a CAGR of about 5.4% during 2021 to 2027. The growing population supported by rapid urbanization along with developments in domestic manufacturing activities is among the supporting factors of the regional market growth.
Increasing construction spending coupled with government promotions on fire door usage will propel the industry demand. The high risk of fire deaths in several American states has enhanced the necessity of fire protection equipment. Moreover, government & institutional initiatives to ensure minimal human and property damage during fire accidents will drive the regional demand.
Latin America market is estimated to surpass over USD 902 million revenue by 2027. Recovery in the construction sector is boosting the market expansion. Government investments in infrastructure and commercial projects across the region will spur the market. Low inflation and favorable environmental regulations will further help product distribution.
Key fire door manufacturers are Hormann, AM Technology, Chase Door, MeskerDoor, UK Fire Doors Ltd., Nihon Funen, and Republic Doors and Frames, among others.
Market, By Material
Market, By Product
Market, By Application
Market, By End use
The above information is provided on a regional and country basis for the following: