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Bifold Doors Market size was valued at USD 10 billion in 2023 and is anticipated to register a CAGR of over 5.9% between 2024 and 2032. The rising adoption of bifold doors in residential and commercial buildings is one of the major trends driving the market growth.
Bifold doors are popular as maximum levels of light are allowed to enter buildings whilst offering privacy when needed. Due to their solid construction and ease of use, Bifold sliding doors are ideal for both homes and businesses that want to enjoy a greater feeling of light and that want to turn the outside space into another usable room.
Report Attribute | Details |
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Base Year: | 2023 |
Bifold Doors Market Size in 2023: | USD 10 billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.9% |
2032 Value Projection: | USD 18 billion |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 161 |
Tables, Charts & Figures: | 232 |
Segments covered: | Material, Operations Type, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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The construction industry is on the rise globally. Growing demand for new housing, commercial space, and infrastructure across the world is expected to have a positive impact on the overall market growth market. In addition to this, growing economies in emerging markets are investing heavily in infrastructure development. Moreover, the demand for new housing is expected to remain strong, particularly in emerging markets.
Compared to certain other door designs, Bifold doors may offer less insulation, which could influence energy efficiency. To guarantee smooth functioning and endurance, Bifold doors may need more frequent maintenance, depending on the materials used.
With the integration of voice assistants like Alexa and Google Home and smart home systems, Bifold doors are receiving a technological makeover. Imagine being able to easily open your doors with a voice command, scheduling automated openings according to the weather or the time of day, or even getting notifications if someone tampers with them. There are countless options Bifold doors are adopting sustainable practices in response to the increased emphasis on environmental stewardship. Anticipate a rise in alternatives with FSC-certified lumber, recycled materials, and energy-efficient windows. Not only will innovative materials like bamboo and composite choices offer longevity, but they will also be a guilt-free environmentally friendly solution.
Based on material, the market is divided into wood, aluminum, vinyl, composite (wood-clad), steel, and glass. Wood held the dominant market share of 4 USD Billion in 2023. This segment is in huge demand due to the Wooden bifold doors have traditionally been a popular choice for homeowners and businesses due to their aesthetic appeal, natural beauty, and versatility. Wood offers a classic and timeless look that can complement various architectural styles.
Additionally, wood can be stained or painted in a variety of colors, providing flexibility in design which is expected to propel the segment market. One of the key advantages of wood is its ability to be customized to specific sizes and shapes, making it suitable for various openings. Moreover, wood is known for its durability and insulation properties.
Based on operation type, the bifold doors market is categorized into manual bifold doors and motorized/remote-controlled bifold doors. In 2023, the manual bifold doors segment accounted for a market share around 79% of the total market. Manual bifold doors are often more affordable than their automated counterparts. This makes them an attractive option for budget-conscious consumers or projects with limited funds. Manual bifold doors are generally simpler in design and function. This simplicity can make it easier to install, operate, and maintain compared to automated systems. which are expected to propel the segment market.
Additionally, Manual operation eliminates the potential issues associated with electronic components and automation systems. As a result, manual bifold doors may be considered more reliable in certain situations, especially in environments with minimal electronic interference or power fluctuations.
Based on application, the market is divided into residential, commercial, and industrial. Residential expected to dominate the segment market with a share around 54% because Bifold doors are known for their space-saving design. They fold in on themselves, allowing for a wide opening without encroaching on indoor or outdoor space. This is particularly beneficial for smaller homes or rooms where maximizing space is essential.
Additionally, bifold doors are often used to create a seamless transition between indoor and outdoor living spaces. When fully opened, they provide an expansive opening, merging the indoor and outdoor areas and creating a sense of continuity. Bifold doors are often used to create a seamless transition between indoor and outdoor living spaces.
North America dominated the global market with a major share of 3.4 USD billion in 2023. This leading position is attributed to the increasing interest in bifold doors as expansion of electrification and urbanization have expanded in the region. Forecasts suggest that this region will command a significant share of the global market, propelled by rapid urbanization, global sport expansion, and economic growth. As urbanization gains momentum, a growing number of individuals are migrating to cities, elevating living standards, and presenting lucrative opportunities for the expansion of bifold doors. The rise in disposable income further contributes to this trend.
In 2023, dominant market players, including Andersen Corporation, ATIS Group, AWM Building Maintenance, BiFolds BiDesign Ltd., Chase Windows Co. The top five companies collectively hold a substantial market share between 20-25%. This market is a highly fragmented market. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.
Major players operating in the bifold doors industry include:
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Market, By Material
Market, By Operation Type
Market, By Application
The above information is provided for the following regions and countries: