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Fire Door Market 2024: Business Development Analysis

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Stringent government regulations and policies by associations including NFPA on building safety codes and fire protection system will fuel industry growth. However, high maintenance & installation cost along with lack of integrity in system are the key factors restraining industry growth. – PowerPoint PPT presentation

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Title: Fire Door Market 2024: Business Development Analysis


1
Fire Door Market to hit 16.7bn by 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Fire Door Market
  • Fire Door Market size is estimated to exceed USD
    16.7 billion by 2024 according to a new research
    report by Global Market Insights, Inc.
  • Strong construction output with increasing
    spending on safety equipment in both commercial
    as well as residential sector will drive the fire
    door market growth. Focus on fire safety and
    prevention from flame spreading in numerous
    industries has enhanced product demand.
  • Aluminum fire door market is set to exceed USD 2
    billion in sales by 2024. Durability, strength,
    lasting color appearance and sustainability are
    key properties driving these products. Increasing
    material replacement over wood in construction
    projects due to its superior properties at
    competitive price will propel industry growth.

3
Continued...
  • Rising casualty rate, property damage and public
    safety concerns during fire accident will propel
    industry growth. Increasing consumer safety
    consciousness along with improved standard of
    living are the key factors supporting product
    demand. Extensive RD along with emergence of
    flush glazed and double action products will open
    new opportunities for the business growth.
  • Flush glazed variants continue to witness
    significant growth due to rising demand for
    natural light, ventilation, condensation, noise
    prevention, well insulated construction, reduced
    heating cooling costs and safety security
    needs.
  • Steel, glass and aluminum as per standards with
    superior resistance from FD 30 to FD 180 are
    primary raw materials. Steel is among the major
    revenue contributor, with generating over USD 4.2
    billion in 2016. As per insulated steel door
    institute, advancement in weather strip system
    along with improvement in insulating technologies
    will drive product demand.

4

5

Browse Full Market Research Report On Fire Door
Market _at_ https//www.gminsights.com/pressrelease/f
ire-door-market Request for a Sample of this
Research Report _at_ https//www.gminsights.com/reque
st-sample/detail/1715 1154 https//www.gminsig
hts.com/request-sample/detail/49
6
Continued
  • Stringent government regulations and policies by
    associations including NFPA on building safety
    codes and fire protection system will fuel
    industry growth. However, high maintenance
    installation cost along with lack of integrity in
    system are the key factors restraining industry
    growth.
  • Sliding variants are anticipated to witness
    growth over 6.5. High adoption of horizontal,
    top hung, double skin insulated panels and
    telescopic sliding door will propel the product
    demand. Easy installation, heavy duty protection
    and use of composite materials will drive growth.
  • Commercial fire door market was worth over USD 7
    billion in 2016. Rapid industrialization along
    with government compliance on the manufacturing
    sector including IT parks, textile parks and
    other industrial hubs particularly in the
    emerging nations are the key factors fueling the
    product scope.

7
Continued
  • Internal fire door market will witness growth
    over 7.4 up to 2024. Shifting focus on public
    safety and minimizing property damage will drive
    the product demand. Increasing construction
    expenditure particularly on the residential
    buildings will fuel the industry growth.
  • MEA is anticipated to worth more than USD 600
    million by 2024. Saudi Arabia will remain
    dominating followed by UAE in the forecast
    period. Growing government focus on
    infrastructure development to enhance tourism
    accompanied by stringent regulations for safety
    will propel the industry growth.
  • Asia Pacific fire door market share accounted for
    more than 28 in 2016. Growing population, rapid
    urbanization along with increasing investment on
    infrastructure development will support the
    regional demand. Government compliance including
    subsidies and safety awareness programs are the
    major factors stimulating the industry demand.

8
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