European Residential Iron and Steel Doors Market Size

European Residential Iron and Steel Doors Market Size

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.

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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.
 

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.