Home > Consumer Goods and Services > Home Improvement > Doors and Windows > north america bifold doors market
Get a free sample of North America Bifold Doors Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of North America Bifold Doors Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
North America Bifold Doors Market Size was valued at around USD 4.36 billion in 2022 and is projected to grow at a CAGR of over 4.5% between 2023 and 2032. The rapidly growing construction industry in the region and consumers' preference for modern aesthetics and the demand for versatile, space-saving solutions are propelling the popularity of these doors.
The trend toward seamless indoor-outdoor living spaces and the focus on energy efficiency and sustainability further contribute to the market progression. Innovations in materials and customization options cater to evolving consumer preferences, influencing the increasing adoption of bi-fold doors in both new construction and renovation projects across the region.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
North America Bifold Doors Market Size in 2022: | USD 4.36 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 - 2032 CAGR: | 4.5 |
2023 Value Projection: | USD 6.75 Billion |
Historical Data for: | 2018 to 2032 |
No of Pages: | 150 |
Tables, Charts & Figures: | 35 |
Segments Covered: | Material, Operation Type, Application, and Region |
Growth Drivers: |
|
Pitfalls Challenges: |
|
The North American market for bi-fold doors is being influenced by a combination of elements. The appeal of contemporary aesthetics and the need for adaptable, space-saving solutions are key drivers of their increasing popularity. The growing trend towards seamless integration of indoor and outdoor spaces, alongside a focus on energy efficiency and sustainability, contributes significantly to this market's expansion. Material innovations and customizable options further cater to changing consumer preferences, driving the rising adoption of bi-fold doors in both new constructions and renovation projects throughout the region.
Based on material, the market is segmented as Wood, metal, Vinyl, Composite, and Glass. Wood held a majority market value of USD 1.59 billion in 2022. wood bifold doors are favoured for their warmth, natural beauty, and classic appearance, making them the preferred choice for those seeking a traditional or rustic look, the growing usage of composite doors is hastening the segment's expansion. However, composite doors are rapidly gaining traction due to their increasing usage, propelling the segment to grow at the fastest CAGR of 5.3% by 2032.
Based on operation type, the North America bifold doors market is segmented as Manual Bifold Doors, Motorized/Remote-Controlled Bifold Doors. Manual bifold doors, securing a dominant market share of approximately 88.4% in 2022. Their capability to neatly fold panels, forming a concertina effect, is attractive to customers with space constraints or those aiming to optimize their opening width.. Additionally, the motorized door segment is expected to experience notable expansion in the coming years due to increased demand for automation and convenience, especially in urban areas and modern architectural designs.
Based on application the market is segmented as Residential, Commercial, Industrial. The residential segment in the North American bi-fold door market is thriving, holding the largest industry share of 69.5% attributed to several trends, including a rise in home renovation projects, the increasing appeal of space-saving solutions in urban areas, and the shift towards open-plan living. Modern architectural preferences also play a significant role, with bi-fold doors often being an integral part of contemporary design, enhancing the appeal of new residential constructions.
The United States exerted its dominance in the North American region, capturing a substantial North America bifold doors market share with revenue reaching USD 3.59 billion in 2022. The burgeoning trend for seamless indoor-outdoor living spaces has been a key catalyst propelling the demand for bi-fold doors. Homeowners, seeking an unobstructed connection between indoor living spaces and outdoor areas, such as patios, decks, and gardens, have increasingly favored these versatile door systems. This growing preference for open-plan living, combined with the architectural trend towards incorporating bi-fold doors.
Some of the major market players operating in the bifold doors industry are:
These players focus on strategic partnerships, new product launch & commercialization for market expansion.
By Material (USD Billion; Units)
By Operation Type (USD Billion; Units)
By Application (USD Billion; Units)
The above information is provided for the following regions and countries: