ID: MRFR/CO/5130-HCR | February 2021 | Region: Global | 111 pages
Exterior doors market is expected to grow at ~6% CAGR during the forecast period 2018–2023.
Exterior doors are the focal point of any home. An exterior door is used as a gateway as well as a barrier and is invariably designed to look inviting and accessible. Exterior doors are made up of different types of material which include metal, plastic, glass, and composite depending on the end-user requirement. The global exterior doors market is constantly increasing and expected to register high growth over the forecast period. The availability and development of new and aesthetic designs and patterns in exterior doors are providing substantial growth opportunities for the market players. It is also creating exciting opportunities within the construction industry.
Globally, exterior doors have been witnessing robust growth over the last few years due to increasing disposable income and changing consumer preferences. Metals are one of the most widely used materials and they have become increasingly popular in developed and developing countries in the past few years. Moreover, increasing demand for folding and sliding doors is anticipated to boost the exterior doors market during the forecast period. Additionally, growth of exterior doors market is influenced by the increasing construction, renovation, and refurbishing activities. However, high cost of eco-friendly doors and fluctuating prices of raw material can hinder the growth of the exterior doors market. Whereas, design innovation and use of eco-friendly products could also provide an immense opportunity for the market growth.
Exterior doors market is expected to register a healthy CAGR due to focus on high-quality products, changing lifestyle and high purchasing power of consumers. Moreover, durability and strong aesthetic properties are also driving the global exterior doors market.
The exterior doors market is undergoing various changes with evolving customer expectations such as availability of doors in various sizes, quality, and aesthetic appearance. The market is segmented on the basis of type into panel doors, bypass doors, bifold doors, pocket doors, and others. Based on material, the market is segmented into wood, glass, metal, composite, and plastic. The market is also segmented on the basis of mechanism into swinging doors, sliding doors, folding doors, overhead doors, and others. Moreover, based on application, it is segmented into non-residential and residential. The global exterior doors market, by region, is segmented into four majors geographies including North America, Europe, Asia-Pacific, and the rest of the world. Geographically, Asia-Pacific is anticipated to be the fastest growing market for exterior doors during the forecast period.
The key players of global exterior doors market include ASSA ABLOY (Sweden), JELD-WEN, Inc. (US), Marvin Windows and Doors (US), PELLA CORPORATION (US), Masonite (US), Bayer Built Inc. (US), Hörmann (Germany), LIXIL Group Corporation. (Japan), Yuanda China Holdings Limited (China), and Anderson Corporation (US) are among others.
Global Exterior Doors Market, By Segment
Source: MRFR Analysis
Asia-Pacific is expected to register the majority of market share and will dominate the market in the forecast period. Developing economies 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. Also, easy availability of raw material and labor in India makes it one of the major markets for setting up manufacturing facilities. Moreover, the increase in urban population and disposable income in the developing countries fuels the demand for exterior doors. 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 influenced by the increasing construction activities and changing interior preferences of end users. Furthermore, growing urbanization and disposable income of consumers have led to the emergence of Asia-Pacific as the fastest growing region.
As a part of the competitive landscape of the report, the growth strategies adopted by the companies between 2016 and 2021 were extensively studied. The key players adopted various strategies to ensure their market presence. The key strategies followed by most companies in the global exterior doors market are mergers & acquisitions, winning new projects, product innovations, and expansion.
The report for global exterior doors market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||6 % CAGR (2018 to 2023)|
|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|
Frequently Asked Questions (FAQ) :
Global exterior doors market is projected to grow at approximately 6% CAGR during the assessment period (2018-2023).
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.