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Doors Market was valued at USD 157.2 billion in 2023 and is estimated to grow at a CAGR of 5.2% during the forecast period from 2024 to 2032. The increasing construction expenditure globally is expected to boost the presence of residential and commercial buildings. Recently, there has been substantial growth in the residential & commercial construction sector due to rising globalization & urbanization.
Anticipated growth in disposable income is expected to drive the demand for the construction industry, resulting in market growth throughout the forecast period. As urbanization increases and populations grow, the need for new housing, office space, and infrastructure projects rises significantly. This increase in construction activity directly contributes to the demand for doors in a variety of doors. For instance, according to Oxford Economics, the global construction work to reach $13.9 trillion by 2037, driven by growth in China, the US, and India.
Report Attribute | Details |
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Base Year: | 2023 |
Doors Market Size in 2023: | USD 152.2 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.2% |
2032 Value Projection: | USD 244.1 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 160 |
Segments covered: | Product, Material, Application, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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In addition to this, Homeowners are increasingly investing in home improvements with door replacement becoming an important part of these renovations. Whether motivated by aesthetic preferences or functional requirements, homeowners choose doors that not only complement their interior design but also provide increased security, durability, and energy efficiency.
Furthermore, the demand for doors is heavily influenced by interior design and architectural trends. Modern designs frequently emphasize sleek, minimalist styles that add to a clean, aesthetic look. On the other hand, individuals who are looking for a timeless appeal that goes well with traditional home layouts continue to favor traditional and rustic designs.
Price fluctuations for raw materials pose significant challenges for door producers since they affect manufacturing costs and profitability. Key components of doors include steel, Aluminum, wood, and glass; however, the cost of these materials varies depending on several circumstances, including supply chain interruptions, fluctuations in the global market, and unstable economic conditions.
Customization and aesthetic appeal are becoming more and more popular consumer demands in the doors industry, which has an impact on product innovation and market expansion. Modern interior and exterior design trends place a strong emphasis on sleek, classic, and minimalist designs, which is increasing demand for doors that not only fulfil practical needs but also improve a space's overall aesthetic appeal. In addition to this, Energy-efficient doors are becoming more and more popular in the market as a result of growing consumer awareness of environmental issues and rising energy expenses. Doors with excellent insulating qualities are in high demand as both consumers and businesses prioritize sustainability and cost savings. Energy-efficient doors reduce heat transfer, lowering heating and cooling costs throughout the year.
Based on product, the global market is classified into Sliding, Hinged, French and Others. The Hinged door segment dominated the market, accounting for USD 75.1 billion in 2023 and is expected to grow at a CAGR of 5.4% during the forecast period of 2024-2032. The classic design of hinged doors appeals to people looking for timeless aesthetics in both residential and commercial environments, which helps them maintain their importance in the global market. Hinged doors can be made to match specific architectural requirements and interior design themes since they offer a wide range of options for customization in terms of materials, styles, and sizes. Because of its strong locking mechanisms and sturdy construction, they offer increased security and are perfect for outdoor use.
Based on Material, the doors market is classified into uPVC, Wood, Metal and Others. The wood material dominated the market with 48.5% of the market share in 2023 and is expected to reach USD 117.1 billion over the forecast period of 2024-2032. Wood's dominance in the global door market is due to its outstanding durability, strength, and timeless aesthetic appeal. High-quality hardwoods such as oak, mahogany, and maple are known for their resistance to weather factors and intrusions, making them excellent for external doors that must withstand harsh conditions over time. Properly maintained wooden doors can last for decades, delivering excellent long-term value to homeowners.
In the doors market, Asia Pacific accounted for the largest market share of USD 76.8 billion in 2023. It is projected to reach USD 121.3 billion by the end of 2032. Asia Pacific's dominance in the worldwide door market can be attributed to growing urbanization and a robust construction industry. Every year, a large number of people move to cities, increasing demand for new residential and commercial buildings.
Additionally, Asia Pacific's construction sector has grown dramatically, supported by significant investments in infrastructure projects, residential development, and commercial real estate. The strong construction industry creates a consistent and significant need for doors in a variety of applications.
China dominated the Asia pacific door Market with 47.2% of market share in 2023 due to significant urbanization and construction activity in recent decades. The country's rapid economic growth has spurred substantial infrastructure development, including residential, commercial, and public infrastructure developments. This rising construction activity has created a significant need for protection solutions such as doors.
U.S. doors market was valued at 30.6 billion in 2023 and is anticipated to drive significant growth in the industry over the forecast period. The United States is experiencing significant construction activity in a variety of sectors, including residential, commercial creating a continuous demand for fire protection solutions, including doors. For instance, according to the United States Census Bureau, overall construction spending in May 2024 is expected to be $2,139.8 billion, a 6.4% rise from May 2023.
The doors industry is highly fragmented in nature due to the presence of local and global players. In 2023, the market players, such as ASSA ABLOY, JELD-WEN, Inc, Masonite International Corporation, Andersen Corporation and Pella Corporation, collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions and facility expansions & collaborations to diversify the product portfolios, expand the customer base, and strengthen its market position.
Major players operating in the doors industry are:
The doors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Billion Units) from 2021 to 2032, for the following segments:
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Market, By Product
Market, By Material
Market, By Application
The above information is provided for the following regions and countries: