Doors Market Worth $US118.2 billion by 2025
According to a new market research report “Doors Market by Material, Mechanism, Type, Application and Region – Global Forecast to 2025”, published by MarketsandMarkets, the global Doors Market size is projected to grow from $90.6 billion in 2020 to $118.2 billion by 2025, at a CAGR of 4.8 per cent between 2020 and 2025.
The swinging doors segment is the fastest growing mechanism used for door systems and contributing the largest share to the global doors systems market. These are more cost-effective and require lesser maintenance as compared to folding, revolving, and sliding doors.
APAC is the fastest-growing region for doors market. The growth in demand for doors in the region can be largely attributed to the growing infrastructure and building & construction industries. The demand for customized doors is growing rapidly in the region, owing to the high demand from the infrastructural sector for aesthetic appeal. As a result, the market has been positively impacted.
According to the report, major players operating in the global doors market include Assa Abloy (Sweden), Droma Kaba (Switzerland), (Ireland), Masonite (US), Andersen Corporation (US), Simpson Door Company (US), Jeld-Wen, Inc. (US), PGT (US), Fancy Doors & Mouldings (Canada), Cornerstone Building Brands (US), ARCAT (US), Lacantina Doors (US), Boon Edam (Netherlands), Pella Corporation (US), The Lyon & Billard Lumber Co. (US), Atrium (US), Fenesta (India), Corinthian Doors (Australia), Hormann (Germany), MI Windows and Doors, LLC (US), Novoferm Gmbh (Germany), Marvin (US), Viwintech Window & Door Inc. (US), Therma-Tru Corp. (US), and OCM Industrial Doors (Italy).