Residential Steel Fire Door Market Size

Residential Steel Fire Door Market Size

Residential Steel Fire Door Market was valued at USD 6 billion in 2023 and is poised to witness more than 3.8% CAGR from 2024 to 2032. Increasing awareness of fire safety in residential buildings has contributed to a high demand for steel fire doors. The growing trend of smart homes and home automation has also positively impacted the market development.

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The positive outlook of the fire door market is attributed to the stringent building codes and regulations. These codes and regulations have been put in place to ensure the safety and security of residential buildings, especially in the event of a fire. As a result, there has been a growing demand for fire-resistant materials and products such as steel fire doors in the construction industry. These doors are designed to withstand high temperatures and prevent the spread of fire, smoke & toxic gases, providing occupants with a safe escape route.

High costs are significant restraints, especially for small businesses or individuals with limited budgets. High-quality steel fire doors with advanced features, designs, and materials are more expensive. This can be a hindrance for homeowners, especially in developing countries where cost is a major consideration in construction projects. Moreover, the installation of these doors requires skilled labor, further adding to the overall cost.