Global Door Market Benefits from Global Construction Industry Boom

Press Release   •   May 23, 2016 07:10 EDT

Transparency Market Research presents a market study on the global Door Market for the 2013-2019 period. This report looks into the reasons for the expeditious growth of the door market as an ancillary industry to the booming construction sector. The vital indices pertaining to growth trends and technological developments in the door market in North America, Europe, Asia Pacific, and Rest of World are presented in the report, titled “Door Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” Analytical tools such as Porter’s five forces analysis are used to evaluate the SWOTs of the global door industry during the forecast period.

The global door market will display a strong growth rate due to the rising construction activities worldwide, says the report. Over the past few years, residential and commercial construction has been surging to serve the exponentially rising regional and cross-border immigration for work and familial reasons. Doors are an essential element of every residential and non-residential undertaking, which benefits the door market.

In buildings, homes, and commercial spaces, doors are essential for safety purposes as well. In industrial buildings, fire and safety regulations necessitate the installation of doors and gates to minimize human loss and property damage in the event of an emergency. In particular, rapid industrialization and the expeditious increase in the number of commercial buildings in China and India are favoring the growth of the global door market. In addition, doors are also used for controlling the temperature of an indoor space by enclosing air drafts and to enhance the visual appeal of the architecture.

Doors are broadly categorized as high-speed doors, hinged doors, and rotating doors. On the basis of functionality, doors are classified as safety doors, blast-proof doors, and trap doors. Plastic, wood, and metal are the major raw materials that are used in the fabrication of doors. Amongst these, plastic doors will exhibit the fastest growth in the door industry in the coming years due to rampant demand from India, China, and Brazil. Plastic doors are beneficial due to their low cost, low maintenance requirements, and insulating properties, which benefits the growth of the door market.

Asia Pacific is the largest market for doors, followed by North America and Europe. In Asia Pacific, countries such as India, China, and Indonesia will gain a substantial share in the door market. The rising economic prosperity in these countries holds robust growth potential for the global door industry.

Top companies that are actively involved in the global door market are Magna International Inc., Fauresia SA, Aisin Seiki Co. Ltd., Inteva Products LLC, and KONE PUBLIC LIMITED COMPANY, among others.

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