Pune, India, January, 2019,/MRFR Press Release/- Market research future published a half-cooked research report on global interior doors market. The interior doors market is expected to grow at a CAGR of around 4.2% during the period 2022-2030
The global interior doors market is projected to witness high growth over the forecast period. Increasing disposable income and investments in residential and commercial projects are projected to augment demand for interior doors over the coming years. The growing preference for sustainable building solutions is anticipated to boost the demand for wooden doors and other LEED certified products. The demand for fiberboard doors is expected to grow at the highest CAGR as they are inexpensive and can be painted upon or modified according to the customer’s preference.
Asia-Pacific region to experience high demand for interior doors market over the forecast period
Based on region, the global interior doors market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is projected to grow at the highest CAGR over the forecast period on account of a large number of on-going and upcoming residential and commercial projects. Demand in this region is driven by a large number of manufactures & distributors coupled with increased spending on building interiors. Some of the countries that are expected to have high construction spending over the coming years are Indonesia, the UK, India, the US, and China.
Residential segment to occupy a dominant position in the overall interior doors market
Based on application, the residential segment is expected to exhibit a maximum growth rate from 2018 to 2023. Increasing private investment in real estate coupled with spending on renovations and interior decoration is projected to positively influence demand for closet, room, and bathroom doors. Door manufacturers are continuously investing in new product developments to offer an extensive portfolio incorporating different designs, material, and color of doors.
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Global Interior Doors Market, 2016-2023 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global interior doors market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global interior doors market by application and by region.
Some of the prominent companies operating in the interior doors market include Artisan Hardware, Colonial Elegance Inc., Jeld-Wen Holding Inc., Masonite International Corporation, YKK AP Inc., Bayer Built WoodWorks Inc., and Marvin Cos. among others.