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European Residential Iron and Steel Doors Market was valued at around USD 6.8 billion in 2023 and is anticipated to register a CAGR of 2.2% between 2024 to 2032, driven by the expansion of the construction industry in European regions. There has been an increase in population and urbanization rate. As urbanization rate is growing there is a significant rise in construction industry as well.
According to Eurostat in February 2024, the construction of new projects and buildings increased by 3.5% as compared to last year 2023. There is a need for secure and durable door solutions to fulfil the rising demand. Additionally, individuals are also remodeling their home to enhance the look and safety of their living spaces. iron and steel doors are preferred due to their durability and safety concerns. These doors not only offer durability and safety but also increase the overall appeal of properties which is increasing the demand for iron and steel doors market in European region.
Report Attribute | Details |
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Base Year: | 2023 |
European Residential Iron and Steel Doors Market Size in 2023: | USD 6.8 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 2.2% |
2032 Value Projection: | USD 8.2 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 124 |
Tables, Charts & Figures: | 531 |
Segments covered: | Products, material, installation, application, region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The challenge in European Residential Iron and Steel Doors Market is the availability of alternatives such as fiberglass doors and aluminium doors. There is a competition by these materials doors manufacturers. Steel doors and iron doors are seen as a traditionally valued for its safety and durability but as the consumer preferences changing manufacturers have produced fiberglass and aluminium doors which are known for their diverse designs and most important the lower maintenance requirement.
Another challenge is the fluctuation of raw material prices of iron and steel which impacts the manufacturers in terms of productions. The changing prices of materials affects the productions costs and results into lower profit margins and creates a competitive environment among the other manufactures operating in the market.
Individuals are becoming increasingly concerned about the durability and safety concerns of the steel and iron doors. As a result, manufactures are constantly investing in research and development for launching steel and iron doors with more advanced safety concerns. Manufactures are conducting various durability tests before launching the products. Features such as handling wind load, waterproofness, heat insulating capability and sound absorption are kept in mind while manufacturing of steel and iron doors. All these tests are conducted by Prom Stahl GmbH by enhancing the security of the residential properties.
Another trend in European Residential Iron and Steel Doors Market is the growing interests by consumers for customised services. Consumers are not only looking the safety part but also the enhancing look these doors provided to their residential spaces. To cater this interest manufactures are offering customized services into the choice of materials, designs and finishes according to the architecture design of consumers.
Manufactures are also integrating technology in the doors by adding smart locks systems, biometrics scanners to enhance the safety of residential spaces. Intercom systems like video cameras bell are being also installed to access the remote monitoring as well. This trend is overall growing the steel and iron doors market in the Europe region.
Based on type, the hinged segment accounted for revenue of USD 2.1 billion in 2023 and is expected to reach 2.5 billion by 2032. Hinged door offers a classic look which enhances with the European architectural styles. Hinged doors have the ability to swing inward and outward catering them to various requirements. Additionally hinged iron and steel doors are known for their strong durability and strength which ensures high level of security making them a preferred choice in European residential iron and steel doors industry.
Based on material, steel segment held a dominant market share of 60.7% in 2023 and is anticipated to grow at a CAGR of 2.8% during 2024 and 2032. Steel material is dominating due to its high strength, durability and cost effectiveness. Steel is highly durable making it ideal for security ensuring high performance. Additionally steel doors require less maintenance as they are resistant to corrosion and are protected with multiple layers. These security features and stronger durability and fire resistant makes steel door preferable material choice in the market.
European Residential Iron and Steel Doors Market size crossed USD 6.76 billion in 2023 and anticipated to grow at a CAGR of 2.2% through 2032. Steel doors are preferred in this region for their safety concerns as steel doors offer durability and expectational strength making them suitable for residential purposes. Steel doors require less maintenance as compared to iron. whereas iron doors are heavy and get corrosion if exposed to water which can affect their use in residential settings.
Germany: In terms of country, Germany is dominating with the overall market share of 15.84% in the European Residential Iron and Steel Doors Market. One of the most significant drivers is the strong manufacturing and technological expertise in production. Germany has a strong industrial base which priorities high standard of quality while production. This strong base in the region helps to cater for a diverse range of products in the European residential doors made of iron and steel for residential market.
U.K.: On the other hand, the UK market holds the market share of 13.94% in 2023. Uk emphasizes in innovation and in door designs which helps in catering to growing demand for aesthetic doors. moreover, Uk has a strong emphasis on the quality check of the products ensuring manufactures to meet the safety guidelines contributing to the regional revenue share.
Key players involve in the European residential iron and steel doors industry are Jeld-Wen, Masonite, Deceuninck, Assa Abloy, Hörmann Group accounting market share of 20% in 2023. Manufacturers are constantly investing in R&D to build advanced iron and steel doors with technological advances. Additionally, to expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions.
Major companies operating in the European residential iron and steel doors industry include:
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The above information is provided for the following countries: