Doors Market Expected to Reach $182.1Billion by 2026 | Allied Market Research

global doors market size was $120.8 billion in 2018, and is projected to reach $182.1 billion in 2026, growing at a CAGR of 5.1%. The wood segment accounted for nearly two-fifths of the global doors market share in 2018 and is expected to witness significant growth during the forecast period.

Augmented acceptance of eco-friendly door technfologies in the developed regions such as Europe and North America, fuels the development of the global doors industry. Properties, for example, increased durability, noise reduction, and aesthetic enhancement accompanied by development in the air quality have boosted the usage of eco-friendly doors. Currently, prominent companies in the doors market, lead the market with their wide distribution network and cutting-edge product portfolio, which is a major compelling factor for the global doors market progress

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The doors market is divided on the basis of mechanism into swing doors, sliding doors, folding doors, revolving doors, and others. Swing doors segment leads the global market due to the large adoption of hinged doors globally. Sliding doors are predicted to exhibit the highest CAGR due to a shift toward space efficient residential and commercial properties.

The doors market is segmented based on material into wood, metal, plastic, glass, and others. Wood accounted for the major share of the global market owing to its thermal insulation properties, strong aesthetics, high strength, and high utility of wood. The plastic segment is predicted to observe augmented usage in light institutional and commercial applications and is expected to show a significant growth rate.

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The major companies in the global market adopted product launch, acquisition, and expansion as their key developmental strategies to meet the change in demands from consumers. Moreover, they launched technologically advanced doors of different sizes and varieties to strengthen their product offerings and position in the market. For instance, in February 2019, JELD-WEN launched the new F-2500 folding patio door system for application in the remodel and repair and new construction markets. It is a two-panel fiberglass folding patio door that has an advanced design and is reasonable. In addition, it characterizes a bottom mounted hardware track and an aluminum-clad frame.a

Market players-
American Automatic Doors, Inc., ASSA ABLOY Group, dormakaba Holding AG, FAAC S.p.A. Soc. Unipersonale, GEZE GmbH, Gilgen Door Systems AG, Godrej Security Solutions, GRAUTHOFF Türgruppe GmbH, Griffon Corporation Inc., Gretsch–Unitas GmbH, Horton Automatics, Jansen Holding GmbH, JELD-WEN Holding, Inc.,

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