The Global Commercial Doors Market to Reach Revenues of Over $61 Billion During the Period 2020−2025 - Market Research by Arizton

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Feb 04, 2020, 11:00 ET

CHICAGO, Feb. 4, 2020 /PRNewswire/ -- According to Arizton's recent research report, Commercial Doors Market - Global Outlook and Forecast 2020-2025 is expected to grow at a CAGR of around 4% during the period 2019−2025.

Key Highlights Offered in the Report:

In Europe over 300 vendors constitute 60% of the market, the remaining share is held and distributed among over 4,900 small-scale businesses thereby, softening the already fragmented global doors market.
APAC is the largest and fastest growing market for commercial doors and accounted for a market share of 35% in 2019 and is expected to grow at a CAGR of around 5% by 2025.
The global commercial doors market is expected to grow 1.25x from 2019 to 2025, at a CAGR of around 4%.
The mushrooming coworking spaces are boosting the demand for commercial doors. There is a potential of over 800,000 doors in coworking and other flexible workspaces by 2022.
Vendors must include thermally efficient door variants in their portfolio for North America and Europe.
India and South East Asia have high opportunities for glass doors in new corporate offices.

Key Offerings:

Market Size & Forecast by Revenue | 2019−2025
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by material, type, installation, operation, end-user, and geography.
Competitive Landscape – Profile of 4 key vendors and 29 other vendors.

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Commercial Doors Market – Segmentation

Metal doors have a higher share among end-users, which require safety as well as sturdiness. Some of the factors, which are expected to drive the demand are the increase in non-residential and commercial construction, the rise in demand from consumers for renovation and retrofit projects.
Hinged doors are the most preferred products, which contributed over $24 billion to the commercial doors market in 2019. They can be made from a variety of materials such as timber, fiberglass, and aluminum.
Renovation and retrofit projects are the major end-users for replacement doors. APAC and Europe lead the segment as a majority of the existing commercial building stock lacks energy-efficiency infrastructure.

Market Segmentation by Material

Wood
Metal
Plastic
Glass
Fiberglass

Market Segmentation by Type

Hinged
Sliding
Revolving

Market Segmentation by Installation

New Construction
Replacement

Market Segmentation by Operation

Manual
Automatic

Market Segmentation by End-user

Corporate Offices
Hospitality
Retail Spaces
Educational Institutes
Industrial
Healthcare
Others

Commercial Doors Market – Dynamics

The expansion of spaces in the commercial sector is witnessing a boost due to a considerable demographic shift in consumer base. Over the last three decades, about 1 billion people are estimated to have come out of extreme poverty. This has shaped the usual way of living and promoted urban living standards in developing nations. The UN estimates that by 2050, two-thirds of the global population is likely to live in urban areas. This emphasis on rapid urbanization is likely to push construction across the globe. The rise in the construction of commercial spaces drives the market for commercial doors. Hence, the market is expected to witness high demand for innovative door systems instead of mere hinged plyboard panels.

Key Drivers and Trends fueling Market Growth:

Growing Tourism and Hospitality Sector
Emergence of Coworking and High-Tech Infrastructure
Enhancements in Door Manufacturing Technologies
Rising Traction of Automatic and Remote-Controlled Doors

Commercial Doors Market – Geography

The Europe market is driven by the growth of new commercial buildings as well as high demand from renovations and retrofit activities. The increase in construction activities, a robust economic environment, favorable interest rates, and higher government spending on public infrastructure are the primary factors supporting the growth. The shift from housing construction to public infrastructure is expected to drive the demand in Europe during the forecast period.

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Market Segmentation by Geography

APAC

China
Australia
India

Europe

UK
Germany
France
Italy
Spain

Latin America

Brazil
Mexico

MEA

UAE
Saudi Arabia

North America

Canada
US

Major Vendors

JELD-WEN
Inwido
VKR Group
Internorm

Other vendors include - Geze, ASSA ABLOY, Dormakaba, G-U, NorDan, Arbonia, Aluplast, Josko, Reynaers Aluminum, Ford Windows, Indigo, Gealan, Astraseal, Neuffer Windows + Doors, Schüco International, Profine Group, Masco Corporation, Veka, Bertrand, Aries, Gartfen, Goran, Kinex, Karo, Korzekwa, Slowincy, Weru, Rawington, and Crystal Windows.

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About Arizton:

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence