Bifold doors market is expected to grow at approximately 5% CAGR during the forecast period.
Bifold doors market is seen expanding at staggering rate due to growth in the end-use application industry, especially residential construction industry. The demand for such doors is highly application based and relies on the developments and investment in the real-estate sector. Furthermore, increasing investment by foreign investors in the construction industry of Asia-pacific region, particularly in countries such as India, Indonesia, and others have augmented the demand for such doors in the region. The market is expected to show high growth rate in coming time due to the investment by manufacturers in order to introduce various materials in the manufacturing of doors along with introduction of smart glass and automation in such bifold door systems. The market has been segmented on the basis of material into wood, aluminum, PVC, and others. The PVC bifold doors has gained popularity in last many years due to the changing consumer preferences and cost-effectiveness of the material when compared to wood and metal.
Study Objectives of Bifold Doors Market
Regional Analysis of Global Bifold Doors Market APAC is expected to lead the market with the largest market share and fastest growing market. The region has witnessed growth in building & construction activities along with various supportive policies and regulations which encourages real-estate development in the countries of China, India and Indonesia. This has fueled the growth of the Bifold Doors market. Also, due to rapid urbanization and increasing disposable income in the APAC countries, there is seen an increase in the aesthetic values in construction, which leads to the demand for such doors in the interiors of the construction both in commercial and residential spaces.
Market Size of Bifold Doors by Regions (USD Billion)
|Market Size||2027: Significant Value|
|CAGR||5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Andersen Corporation, JELD-WEN Inc., Pella Corporation, Ply Gem Industries Inc., AG Millworks, Associated Windows & Conservatories, ATIS Group, AWM Building Maintenance Ltd., Cascade Windows Inc., and Brennan Enterprises|
|Key Market Opportunities||Increase in the aesthetic values in construction|
|Key Market Drivers||High growth rate in coming time due to the investment by manufacturers|
Frequently Asked Questions (FAQ) :
Bifold doors market is projected to grow at a 5% CAGR between 2018-2023.
The APAC region is expected to have the largest share in the bifold doors market.
Bifold doors are widely used in both non-residential and residential sectors.
Leading players profiled in the bifold doors market include Brennan Enterprises Inc., Cascade Windows Inc., AWM Building Maintenance Ltd., ATIS Group, Associated Windows & Conservatories, AG Millworks, Ply Gem Industries Inc., Pella Corporation, JELD-WEN Inc., and Andersen Corporation.
Different strategies adopted by key players to stay ahead in the bifold doors market include extensive R&D, mergers and acquisitions, new product developments, joint ventures, and strategic alliances.