Europe Garage Door Market Insights and Forecast 2024: A $3.33 Billion Industry by 2029 Featuring Key Vendors - Hormann, Novoferm, Teckentrup, Garador, and ASSA ABLOY

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Nov 24, 2023, 20:00 ET

DUBLIN, Nov. 24, 2023 /PRNewswire/ -- The "Europe Garage Door Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Europe Garage Door Market is projected to reach a value of $3.33 Billion by 2029 from $2.58 Billion in 2023, growing at a CAGR of 4.3%

Europe stands at the forefront of the garage door market, witnessing significant growth in the installation of garage doors in new construction projects, as well as a surge in demand for garage doors in renovation and retrofit endeavors. The region's existing building stock is characterized by energy inefficiency, prompting residential, institutional, and industrial sectors to increasingly embrace eco-friendly and green technologies. This shift aims to mitigate environmental pollution and reduce the carbon footprint associated with buildings.

This report provides complete information regarding the adoption of garage doors in the Europe region. Furthermore, major players focus on strategic agreements, acquisitions, and collaboration with emerging players to enter the Europe garage door market to gain access to commercially launched products.

In Europe, the demand for garage doors with multiple glazed options and variants that offer high thermal efficiency is substantial. These advanced garage doors play a crucial role in minimizing heat loss through building garage doors, aligning with energy directives focused on constructing energy-efficient structures. Moreover, these garage doors are designed not only for efficiency but also for aesthetic appeal, seamlessly integrating with the overall building structure.

The growth of the European residential sector is expected to be a major driver for the garage door market. The construction of new residential properties is on the rise, propelling the demand for new garage doors. This, in turn, fuels the replacement of old doors, including their thresholds and frames. The trend toward multi-glazed garage doors is gaining traction as a modern solution in the market.

Germany emerges as one of the largest markets for garage doors in Europe. Factors such as low interest rates, population growth, and job security contribute to the country's construction sector's expansion. This, in turn, drives the demand for new construction projects and replacement activities in the garage door market.

Italy, on the other hand, has established itself as a prominent global photovoltaic (PV) market. Government policies in alignment with EU directives for renewable energy objectives have spurred an increasing number of solar energy installations. The government offers incentives and subsidies to support PV installations in Italy, with a significant focus on reducing taxes for residential buildings. This favorable environment has led to the adoption of photovoltaic garage doors in the country since 2012, further advancing Italy's position in the garage door market.

LIST OF VENDORS

Key Vendors

Hörmann
Novoferm
Teckentrup
Garador
ASSA ABLOY

Other Prominent Vendors

AlluGuard
Alulux
Birkdale
CAME
Cedar Doors
ERREKA
Gliderol
Kružík
Rundum Meir
RYTERNA
Silvelox
SWS
DoorHan Group
ALUTECH
Raynor Garage Doors

REPORT HIGHLIGHTS

SEGMENTATION & FORECAST

Type (Revenue & Units)

Sectional
Roller
Up and Over
Side Hinged
Side Sliding

Material (Revenue & Units)

Metal
Wood
Fiberglass
Others

Operation (Revenue & Units)

Manual
Automatic

End-User (Revenue & Units)

Residential
Commercial

MARKET STRUCTURE

Market Dynamics
Competitive Landscape of Europe Garage Door Market
Key Vendors
Other Prominent Vendors

APPENDIX

Research Methodology
Abbreviations
About the Analyst

For more information about this report visit https://www.researchandmarkets.com/r/fyw1yc

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