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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.