Pocket Door Market Size By Product (Single Pocket Door, Double Pocket Door, Unilateral Pocket Door), By Material (Wood, Glass, Aluminium, Vinyl, Others [Steel, Fiberglass], By End-Use (Residential, Commercial & Industrial), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, Netherlands, Poland, China, India, Japan, Australia, Indonesia, South Korea, Malaysia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
Published Date: Jul 2018 | Report ID: GMI2752 | Authors: Kiran Pulidindi, Hemant Pandey
Global Pocket Door Market size was worth over USD 7 billion in 2017 and is anticipated to witness CAGR over 5.5% up to 2024.
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Renovation of residential buildings, optimization of space along with increasing construction spending are the key factors driving the pocket door market growth. Owing to its beneficial properties, these are widely used in industrial applications such as aircraft hangers, storage depots, logistics centres and industrial buildings, which is expected to further fuel industry growth over the projected timeframe.
The global infrastructure expenditure reached USD 2.5 trillion in 2017 increasing from USD 2 trillion in 2013. The growing investments in infrastructure as well as private construction projects, is expected to enhance the industry revenue growth. In addition, continued business opportunities from Asian economies including Japan, China, and India significantly boost market development. The need for aesthetic appeal and luxurious lifestyle will increase the consumer spending on these products as these are widely used in closets, bathrooms, laundry or utility rooms and home offices.
Advancements in design and technology turned the modern structures into functional and versatile option in the new compact style structure. Automation and enhanced security features such as access control are expected to gain prominence over the years to come.
Supportive initiatives by international associations including Windows & Doors Manufacturers Association (WDMA) and American Architectural Manufacturers Association (AAMA) for standardization of dimension specifications, quality of materials used, installation, and quality testing procedures has impacted the growth of the industry. However, factors such as slipping off the tracks, lack of complete isolation of smell and light, consumer perception, etc. are expected to restrain the industry growth.
|Base Year:||2017||Market Size in 2017:||7 Billion (USD)|
|Historical Data for:||2013 to 2017||Forecast Period:||2018 to 2024|
|Forecast Period (2018 to 2024) CAGR:||5.5%||2024 Value Projection:||10 Billion (USD)|
|Pages:||310||Tables, Charts & Figures:||256|
|Geographies covered (24):||U.S., Canada, Germany, UK, France, Italy, Russia, Spain, Netherlands, Poland, China, India, Japan, Australia, Indonesia, South Korea, Malaysia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa|
|Segments covered:||Product, Material, and Region|
|Companies covered (17):||Eclisse UK S.R.L, Portman, JB Kind, LPD Doors, Raydoor, JAP, Selo, Fleetwood, Slidesystems, Ferrero Legno, Scrigno, Allgood, Linvisible, Bertolotto Porte, Ghizzi & Benatti, FOA Porte, Casali|
Pocket Door Market, By Product
Single pocket door market is anticipated to exceed 40 million units demand by 2024. Positive application outlook for the residential and commercial building will drive segment growth. Owing to increasing population and degree of urbanization the need for affordable housing is increasing thereby leading to growth in the residential sector. Increasing construction of storerooms, toilets, bathrooms, utility rooms, pantries, and walk-in wardrobes in the housing sector driving product sales.
Double pocket is expected to witness gains over 5% up to 2024. These profiles find extensive application in the industrial and residential sectors. Their application enables the consumer to close off an area in an open room to make the floor layout more versatile and multifunctional. Increasing demand for see-through structures will further drive the market growth in commercial sectors.
Pocket Door Market, By Material
Wooden material accounted for over 45% of the industry share in 2017. Wood is the most commonly used material owing to its aesthetic appearance, planning flexibility and design freedom. Wooden gates can be manufactured by both hardwoods and softwoods however a hardwood is more commonly preferred.
Glass based products are expected to grow at over 4.5% up to 2024. Glass is the second most common material used in construction of new buildings. The growth of this materials is attributed to technological advancements in the manufacturing of glass that offer a wide variety of decorative and high-performance options to the customers. Low maintenance along with introduction of new coatings to reduce the need to clean will drive product adoption. These products are usually double, or triple glazed to reduce the thermal impact in living space.
The aluminium material growth is attributed to its features such as sound & thermal insulation, lightweight, low maintenance, rust proof nature, etc. The biggest advantage witnessed for using aluminium is their exceptionally strong structure, corrosion resistance, and a prolonged life without any periodic expenditure on polish or paint. Since aluminium is readily available and costs less as compared to its other competitors, it is expected to gain industry share rapidly over the forecast period.
Pocket Door Market, By End-Use
Residential sector accounted for more than 70% of the industry volume share in 2017. Increasing population coupled with increasing demand for housing will drive the industry share over the forecast timespan. Increasing expenditure on residential renovations owing to beautification and security is expected to further drive the industry growth.
Pocket door market from commercial & industrial end-uses is expected to witness CAGR over 4.5% up to 2024. This rapid growth rate can be seen owing to the increasing usage of fiberglass, wood, steel, and aluminium material for the product development in the industrial sector. Growing demand for see-through structures will stimulate the product demand in commercial buildings. To increase the energy efficiency in the commercial space, the demand for enhanced hardware system with sealing and strong gasketing property increases.
Pocket Door Market, By Region
North America pocket door market was worth around USD 1.2 billion in 2017. Inclination towards infrastructural development along with increasing corporate investments in residential and commercial will drive the industry demand. Trading of timber on a large scale will drive the installation of wooden based products in coming years. Stringent government regulations to achieve energy efficiency is expected to enhance the product demand. The growth in interior redecoration in the U.S. owing to the need for luxurious lifestyle will drive the industry growth.
Asia Pacific market will witness growth over 6% in terms of revenue up to 2024. Increase in disposable income with a growing regional economy will directly impact the spending on luxury products such as bathroom fittings, and décor. The reconstruction of the existing infrastructure in India will positively impact the product sales. Favourable regulations for manufacturing facilities will provide lucrative opportunities for manufacturers in the region.
Competitive Market Share
Global pocket door market is highly fragmented in nature owing to the presence of a large number of players in regional as well as local basis. To strengthen its market positioning and profitability, many companies are engaged in collaboration and partnership with local and multinational home décor companies. Strategic investment in research and development to manufacturing products that are more focused towards consumer preferences and expansion of supply chain network to capture a larger share of the industry are expected to remain the primary strategies by various industry players.
Some of the major players include Ferrero Legno, JAP, Allgood, Scrigno, Eclisse UK S.R.L, JB kind, and Ghizzi & Benatti. Other notable players include Portman, LPD doors, Raydoor, Selo, Fleetwood, Slidesystems, Linvisible, Bertolotto Porte, Casali, FOA Porte etc. Owing to high-profit margins, low initial investments and entry of new players in the industry increases gradually.
Global pocket door industry market is driven by an increase in infrastructure on a global scale with improvement in technology and rising repair demand in residential and commercial sectors. Demand for lavish living, improved government regulations, new infrastructural design and commercialization in developing countries like Indonesia, South Korea, Thailand, Japan, China, and India will drive the industry expansion.
A shifting trend towards automation in the pocket doors industry with enhanced security has propelled industry growth. Increasing demand for energy efficient products owing to rising awareness regarding sound and thermal insulation efficiency will augment the product adoption. Ongoing advancements in additional components including fingerprint sensor-based locks and motion sensors have gained high consideration among the manufacturers. The innovation in terms of hardware components made of heavy materials and modernized key locks will increase the industry size.
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