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Exterior Doors Market Research Report-Global Forecast till 2030

Exterior Doors Market Research Report by Type (panel, bypass, bifold, pocket), Material (wood, glass, metal, composite, plastic), Mechanism (swinging, sliding, folding, overhead), Application (non-residential, residential), Region-Forecast till 2030

ID: MRFR/CO/5130-HCR | December 2022 | Region: Global | 111 Pages         

Exterior Doors Market

The global exterior doors market is estimated to reach a global market value that accounts for USD 107,954 billion during the forecast period of 2021-2028 and is forecasted to be growing at a global market CAGR of 6% from 2021 to 2028.

Segmentation

By Type panel bypass bifold pocket
Material wood glass metal composite plastic
Mechanism swinging sliding folding overhead
Application non-residential residential

Key Players

  • Apogee Enterprises Inc. (US)
  • PGT Innovations (US)
  • LIXIL Group Corporation. (Japan)
  • ASSA ABLOY (Sweden)
  • JELD-WEN Inc. (US)
  • Anderson Corporation (US)
  • PELLA CORPORATION (US)
  • Yuanda China Holdings Limited (China)
  • Hörmann (Germany)
  • Masonite (US)
  • Bayer Built Inc. (US)
  • Ply Gem Holdings Inc. (US)
  • Andersen Corporation (US)

Drivers

  • Residential
  • Commercial Sectors
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Market Overview


The future of the propelling global exterior doors market is projected to grow. The main reason behind this is the emergence of opportunities that is resulting in a major degree of growth of the residential and commercial construction industry, as a part of the global market functioning during the forecast period. The global exterior doors market is estimated to reach a global market value that accounts for USD 107,954 billion during the forecast period of 2021-2028 and is forecasted to be growing at a global market CAGR of 6% from 2021 to 2028. During the historic forecast period that had ended in 2019, the global market was valued at a market sum worth USD 65,327 million.


The emerging market trends, which have a direct impact on the market dynamics of the industry, include the introduction of impact windows and doors, amongst others like energy efficiency in aluminum doors and windows, replacement of wood by eco-friendly aluminum, and introduction of fully reversible windows, as well.


COVID 19 Analysis


The exterior doors market value has been severely impacted owing to the sudden outbreak of the novel coronavirus pandemic in the international market. The global exterior doors market has been witnessing a constant emergence of market issues and restraints like the imposition of lockdown and reduced availability of resources and skilled labor followed by the inflated prices that might hamper the market growth during the forecast period of 2021-2028 that followed the pandemic year of 2020. There has been an emerging need for the market players to return to normalcy however, the globally rising rate at which the novel coronavirus is being spread is alarmingly high.


The global governments followed by the key market players are collaborating on an international scale. This functioning is giving rise to global market investment and funding that will help in the expansion of the product portfolio and cover the losses that have been incurred by the market trends during the outbreak of the pandemic during 2020.


Competitive Landscape


The global exterior doors market has been witnessing the birth of factors that will give rise to immense competition in the international market during the forecast period that will be ending in 2028. One of the reasons for the emerging market competition is the recent developments that have been undertaken by the following market players:



  • Apogee Enterprises, Inc. (US)

  • PGT Innovations (US)

  • Geeta Aluminium Co. Pvt. Ltd. (India)

  • LIXIL Group Corporation. (Japan)

  • ASSA ABLOY (Sweden)

  • JELD-WEN, Inc. (US)

  • Anderson Corporation (US)

  • Marvin Windows and Doors (US)

  • PELLA CORPORATION (US)

  • Yuanda China Holdings Limited (China)

  • Hörmann (Germany)

  • Masonite (US)

  • Bayer Built Inc. (US)

  • Ply Gem Holdings Inc. (US)

  • Andersen Corporation (US)


Global Exterior Doors Market, By Segment


Global Exterior Doors Market, By Segment


Market Dynamics


Drivers


The global exterior doors market has been segmented into the residential and commercial sectors which will help to meet the vibrant needs of the global audience that are looking for investment opportunities. Also, the residential application segment of the exterior doors market had projected to be accounted for a significantly large share of the global market. This can be attributed to the growing construction of residential projects during the historic forecast period followed by the trends that are propelling in the ongoing period that will be ending in 2028.


Restraints


However, the exterior doors market share is projected to be witnessing the emergence of factors like the lack of awareness followed by the hampered potential of the target customers to stick to their traditional alternates. The market is also witnessing the decline in the purchasing power of people that is hampering their ability to invest in the exterior doors. This is further likely to hamper the global market from growing during the forecast period based on its predictions that have been laid by the market chiefs and experts.


Technology Analysis


As these exterior doors are available in several colors and textures, they are giving rise to modern design choices that support the needs of the global target audience. Hence, the exterior doors market share is likely to have great things in store during the ongoing forecast period of 2021-2028. Also, the global market trends are enjoying the rise in funds and investments that are accelerating the growth of the global market.


Segment Overview


The exterior doors market growth can be attributed to the excellent performance recorded and the rising revenue that has been achieved by the global market segments followed by their rising ability to meet the growing needs of the target audience that is located in different participating global market locations. The global exterior doors industry has been segmented based on the following:


Based on the type


The global market has been segmented based on the type and includes:



  • panel doors

  • bypass doors

  • bifold doors

  • pocket doors, and others.


Based on material


The exterior doors market is segmented into the following:



  • Wood

  • Glass

  • Metal

  • Composite

  • plastic


Based on the mechanism


This segment of the exterior doors market includes:



  • swinging doors

  • sliding doors

  • folding doors

  • overhead doors, and others.


Based on the market application


The exterior doors market is segmented into non-residential and residential.


By Region:


The global market has been segmented based on the region like:


- North America


- Europe


- Asia Pacific


- Rest of the World


Regional Analysis


The global exterior doors market share is likely to be witnessing high growth during the forecast period that will be ending in 2028 owing to the rising demand followed by the prominent growth of the residential construction and commercial industry across the globe. Hence, suiting the demand patterns of the global target audience for the market especially during the ongoing forecast period that will be ending in 2028, the market is expected to propel at an excellent market rate.


The Asian Pacific region is expected to register the majority of market share and will further, dominate the market in the forecast period that will be ending in 2028. Developing economies in the region like India, China, and Brazil are witnessing an improvement in the quality of life with improved spending capacities, which is expected to drive the market at an excellent rate. Also, the rise in easy availability of raw material and labor in India makes it one of the major markets for setting up manufacturing facilities. Moreover, there has been an increase in urban population and disposable income in most of the developing countries that fuel the demand for exterior doors. The exterior doors market trends suggest that the increasing number of construction projects, continuing trend to change the interior, and remodeling activities can be attributable to the growth in the adoption of exterior doors in Asia-Pacific. The growth of the exterior doors market is also likely to be influenced by the increasing construction activities and changing interior preferences of various market end-users. Furthermore, the growth of urbanization and disposable income of the target consumers have led to the emergence of Asia-Pacific as the fastest-growing region.


Recent Developments



  • The Exterior doors market share is expected to register a healthy CAGR during the forecast period that will be ending in 2028 due to the rising focus on high-quality products, followed by the changing lifestyle and high purchasing power of consumers. Moreover, there has been a rise in durability and strong aesthetic properties are also driving the global exterior doors market and helping in the expansion based on the projections for the forecast period that ends in 2028.

  • The growth strategies that are being adopted by the companies between 2021 and 2028 were responsible for an extensive market expansion. The key players adopted various kinds of strategies to ensure their market presence. The key strategies followed by most companies in the global exterior doors market are inclusive of mergers and acquisitions, winning new projects, product innovations, and expansion.

  • The exterior doors market is also projected to be undergoing various changes with the evolving customer expectations such as availability of doors in various sizes, quality, and aesthetic appearance that will help the market to dwell well and hold a better degree in the international competition in the global market.


Intended Audience



  • Government and Research Organizations

  • Public sector

  • Consulting firms and Companies in the exterior doors market

  • Raw Material dealers and suppliers

  • Research Consultants

  • Development firms

  • Importers and exporters

  • Investors and Shareholders

  • Retailers and distributors


Report Overview


The exterior doors market report has been prepared after conducting an extensive market analysis of the prevailing market trends that are likely to dwell during the forecast period of 2021-2028. The global market report helps the industry buyers and potential market investors have a glance at the market functioning and invest their money accordingly. The global market report further supervises the competitive degree that prevails in the global market by understanding the recent developments that have been undertaken during the period. The report also discusses the potential of the market segments, as well.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   6 % CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period    2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Material, Mechanism and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), and Masonite (US), Bayer Built Inc. (US)
  Key Market Opportunities   The increasing construction, renovation, and refurbishing activities
  Key Market Drivers   Increasing disposable income and changing consumer preferences


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Frequently Asked Questions (FAQ) :

Global exterior doors market is projected to grow at approximately 6% CAGR during the assessment period (2022-2030).

Higher disposable incomes and the growing construction industries are major tailwinds pushing the growth of the global exterior doors market.

High cost of eco-friendly doors and fluctuating prices of raw material are the major growth impeders for the global exterior doors market.

Asia Pacific holds the largest share in the global exterior doors market, followed by North America and Europe, respectively.

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), and Masonite (US), Bayer Built Inc. (US), are some of the top players operating in the global exterior doors market.