The Exterior Doors Market Size was valued at USD 100.9 billion in 2022. The Exterior Doors industry is projected to grow from USD 106.954 Billion in 2023 to USD 170.468427 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2032). Increased demand from the infrastructural sector and the demand for customized doors growing rapidly are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The doors market has witnessed growth, driven by the gradual resurgence of the economy. The construction industry contributes approximately one-tenth of the GDP and is projected to reach approximately USD 8 trillion by 2030. This overall growth outlook is anticipated to drive the demand for doors in the forecast period. This factor drives the market CAGR.
Additionally, The demand for doors is expected to rise due to the increasing renovation trend and higher expenditure on renovation materials. The exterior doors market has been divided into residential and commercial sectors to cater to the diverse needs of the audience seeking investment opportunities. The residential application segment is projected to hold a considerable share of the market, mainly driven by the growing construction of residential projects over the forecast period. The demand for exterior doors is also fueled by the surge in construction and repair activities in emerging countries like China, India, Brazil, and others. Factors such as rapid economic development, rising disposable income, and the increasing preference for sliding and hinged doors contribute to the growth of the exterior doors market. Thus, these factors drive the Exterior Doors market revenue.
Based on type, the Exterior Doors market segmentation includes panel, bypass, bifold, and pocket. The panel segment dominated the market due to the versatility, durability, and visual appeal of panel doors. With various design options, panel doors can be tailored to complement different architectural styles and individual preferences. Additionally, panel doors provide effective insulation and security, making them popular for exterior applications. These factors have contributed to the industry's significant market share held by panel doors.
The Exterior Doors market segmentation, based on material, includes wood, glass, metal, and composite plastic. The wood segment dominated the market due to the enduring charm, inherent beauty, and long-lasting nature of wood. Wood doors have a timeless appeal and effortlessly enhance the aesthetics of various architectural styles. With their inherent strength and durability, wood doors are well-suited for exterior use, providing reliable protection and security. Furthermore, wood doors offer the advantage of customization and easy maintenance, as they can be repaired or refinished with relative ease.
Based on Mechanism, the Exterior Doors market segmentation includes swinging, sliding, folding, and overhead. The swinging segment dominated the market due to its widespread use and versatility. Swinging doors, also called hinged doors, are the conventional and extensively employed Mechanism for exterior doors. These doors are valued for their simplicity, user-friendliness, and familiarity. They can be designed to swing either inward or outward, offering flexibility in installation and operational convenience. Swinging doors find applications in diverse settings, from residential to commercial establishments.
Based on Application, the Exterior Doors market segmentation includes non-residential and residential. The residential segment dominated the market to the increased need for exterior door replacements, renovations, and new residential construction projects. Homeowners recognize the importance of exterior doors in improving their homes' overall appearance, security, and energy efficiency. Factors like urbanization, population growth, and rising disposable incomes contribute to the growth of the residential segment. Moreover, the preference for personalized and visually appealing home exteriors further fuels the demand for a wide range of exterior door styles and materials within the residential sector.
Figure1: Exterior Doors Market, by Application, 2022&2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific Exterior Doors Market area will dominate this market, owing to the growing infrastructure and building & construction industries. The demand for customized doors is growing rapidly in the Region. Moreover, China’s Exterior Doors market held the largest market share, and the Indian Exterior Doors market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: EXTERIOR DOORS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Exterior Doors market accounts for the second-largest market share; the interior design industry is witnessing a growing number of construction projects and the ongoing trend to revamp interior spaces. Further, the German Exterior Doors market held the largest market share, and the UK Exterior Doors market was the fastest-growing market in the European region.
The North American exterior doors market is expected to rise at the fastest CAGR from 2023 to 2032. This is because of the rising demand from the infrastructural sector for aesthetic appeal. Further, the US Exterior Doors market held the largest market share, and the Canada Exterior Doors market was the fastest-growing market in the region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Exterior Doors market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Exterior Doors industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Exterior Doors industry to benefit clients and increase the market sector. In recent years, the Exterior Doors industry has offered some of the most significant advantages to medicine. Major players in the Exterior Doors market, including ASSA ABLOY (Sweden), Anderson Corporation (US), JELD-WEN, Inc. (US), Yuanda China Holdings Limited (China), Marvin Windows and Doors (US), LIXIL Group Corporation. (Japan), PELLA Corporation (US), Hörmann (Germany), Masonite (US), Bayer Built Inc. (US)., and others are attempting to increase market demand by investing in research and development operations.
AssaAbloy AB, a Swedish conglomerate specializing in locks, doors, and entrance automation solutions, has expanded its presence by acquiring Olimpia Hardware in Costa Rica. By acquiring Olimpia Hardware, Assa Abloy aims to strengthen its distribution network in Latin America. The strategic acquisition will enable Assa Abloy to enhance its market reach and better serve customers in the Latin American Region.
Allegion plc, an American Irish-based company specializing in security products, has expanded its presence by acquiring GWA Group Limited's door and access systems business unit in Australia. With a portfolio of renowned brands such as CISA, Interflex, LCN, Schlage, and Von Duprin, Allegion operates through two main divisions: Allegion International and Allegion Americas. This strategic acquisition aims to enhance Allegion's distribution network and strengthen its market position in the Asia-Pacific (APAC) region. By combining their expertise and resources, Allegion plc and GWA Group Limited will be able to offer a broader range of door and access system solutions to customers in the APAC market.
October 2020:Â Assa Abloy, a Swedish conglomerate specializing in security products, has expanded its presence in Latin America by acquiring Olimpia Hardware in Costa Rica. This strategic move allows Assa Abloy to strengthen its regional distribution network.
August 2020: Assa Abloy, a multinational provider of security products, has recently acquired a controlling interest in Agta Record, a renowned manufacturer of automatic door systems based in Switzerland. With this strategic investment, Assa Abloy aims to enhance its doors product portfolio and strengthen its market presence in Europe.
July 2018:Â Allegion Plc, an international provider of security products, has successfully acquired the door and access systems business unit of GWA Group Limited based in Australia. This strategic acquisition is intended to expand Allegion's distribution network and enhance its market presence in the Asia-Pacific (APAC) region.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 100.9 billion |
| Market Size 2023 | USD 106.954 billion |
| Market Size 2032 | USD 170.468427billion |
| Compound Annual Growth Rate (CAGR) | 6.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Material, Mechanism, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â ASSA ABLOY (Sweden), Anderson Corporation (US), JELD-WEN, Inc. (US), Yuanda China Holdings Limited (China), Marvin Windows and Doors (US), LIXIL Group Corporation. (Japan), PELLA Corporation (US) |
| Key Market Opportunities | The increasing construction, renovation, and refurbishing activities |
| Key Market Dynamics | Increasing disposable income and changing consumer preferences |
Exterior Doors Market Highlights:
Frequently Asked Questions (FAQ) :
The Exterior Doors Market size was valued at USD 100.9 Billion in 2022.
The Exterior Doors Market is anticipated to grow at a CAGR of 6.00% during the forecast period, 2023-2032.
Asia Pacific had the largest share of the Exterior Doors Market.
The major players in the market are ASSA ABLOY (Sweden), Anderson Corporation (US), JELD-WEN, Inc. (US), Yuanda China Holdings Limited (China), Marvin Windows and Doors (US), and LIXIL Group Corporation. (Japan), PELLA Corporation (US).
The Panel Exterior Doors category dominated the Exterior Doors Market in 2022.
Residential had the largest share in the Exterior Doors Market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
