Fire Door Market size to exceed $17 Bn by 2027
Published Date: September 16, 2021 Authors: Kiran Pulidindi, Prashant Hake
Fire Door Market size is estimated to surpass USD 17 billion by 2027, according to a new research report by Global Market Insights Inc.
Rising safety awareness to minimize or reduce property damage is a key driver of the fire door industry growth. Government fire safety initiatives have also contributed significantly to the market. The installation of fire protection devices has increased the demand for fire doors in commercial and residential spaces.
The growing demand for conventional door replacements will lead to drive the residential fire door market revenue. In commercial premises, such as hotels, offices, shops, supermarkets, theaters & doors with high aesthetics, fire-resistant insulation properties are installed as they are exposed to fire hazards. Due to the above factors, companies install fire doors for the safety of their employees.
Get more details on this report - Request Free Sample PDF
The gypsum fire door material segment is likely to showcase 3.9% CAGR through 2027. The easy availability and low cost are the factors stimulating the demand among fire door manufacturers. High moisture content, easy fabrication process, new exploration techniques and large-scale mining will create new avenues for segment growth.
Browse key industry insights spread across 300 pages with 304 market data tables & 26 figures & charts from the report, “Fire Door Market Size By Material (Glass, Steel, Timber, Gypsum, Aluminum, Vermiculate Boards), By Product (Hinged, Double Action, Sliding, Fabric Fire Door/Curtains, Flush Glazed), By Application (Residential, Commercial), By End-use (Internal, External), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
In terms of product, the sliding fire doors are predicted to generate a revenue of over USD 1.9 billion by 2027 with around 5% gains. These doors are soundproofed and provide insulation. Depending on the application, these characteristics will propel the growth of the sliding door market while ensuring the aesthetic beauty of the product that will continue to increase sales.
Commercial application segment will observe exponential growth
Commercial improvement & repair application is projected to see nearly 5.4% through 2027. Increasing advancements and repair spending are expected to further support the product demand. The market is also witnessing trends such as an upgrade in building standards focusing on the safety of the building and an upsurge in sustainable material. Industry players are focusing on opportunities to provide products, thus maintaining the overall theme of the commercial building. A wide color availability coupled with various shapes and sizes of the product is expected to positively influence the market statistics.
Rising construction industry in Asia Pacific
Asia Pacific fire door market is anticipated to register growth rate of above 7.5% during 2021 to 2027. This can be attributed to the rapidly increasing HVAC and construction industry in the region. Regional demand and increased investments in construction due to the increased government focus on economic developments are augmenting the market.
Some of the major fire door industry participants are Hormann, AM Technology, Chase Door, MeskerDoor, UK Fire Doors Ltd., Nihon Funen, and Republic Doors and Frames, among others.
Explore More on Related Topics: