Industrial, Manufacturing & Heavy Industry Market News

Global doors market to experience sustained growth till 2022

The Doors market is estimated at USD 81.67 billion in 2017 and is projected to reach USD 103.52 billion by 2022, at a CAGR of 4.86%.

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It is projected to grow over the next five years as a result of the growing construction industry. Factors such as rapid urbanization, rising residential &non-residential construction, growing middle-class, and rising income levels, especially in emerging economies such as India and China are expected to drive the doors market in the future.

Target Audience

  • Raw material suppliers
  • Door component distributors/suppliers
  • Regulatory bodies
  • Environmental protection bodies
  • Local governments
  • End users
  • Market research and consulting firms

Asia Pacific doors market is projected to grow at the highest CAGR between 2017 and 2022. China dominated the Asia Pacific doors market in 2016 and is projected to grow at the highest CAGR during the forecast period.

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The demand for doors is expected to be fueled by rapid urbanization in emerging economies such as India and China. The migration of the rural population to urban areas and the conversion of towns into cities are creating demand for new construction projects, which in turn is stimulating the demand for doors.

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Based on mode of application, the doors market has been segmented into new construction and aftermarket. The new construction segment is estimated to lead the doors market in 2017.With the increasing population, the demand for new constructions is growing in the residential sector.

Industrialization, rising income levels, the growing middle-class population, and economic growth will drive investments in new residential and non-residential construction activities. The interior doors segment is estimated to lead the doors market in 2017; this segment is projected to retain its leading position through 2022.

Competitive Landscape

1 Overview
2 Market Ranking Of Key Players
3 Competitive Scenario
3.1 Mergers & Acquisitions
3.2 New Product Launches
3.3 Agreements & Partnerships
3.4 Investments & Expansions

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The primary objective of this study is to define, forecast, and segment the doors market on the basis of material, mechanism, product type, application, mode of application, and region. The study also aims at strategically analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the total market.

It also provides detailed information about the key market dynamics, which include drivers, restraints, opportunities, and industry-specific challenges. It also analyzes competitive developments such as mergers & acquisitions, expansions& investments, new product developments, agreements &partnerships, and research & development activities in the doors market.

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