Title: Sliding Doors Market will witness growth over 4.5% up to 2024
1Sliding Doors Market will witness growth over
4.5 up to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Doors Market
- Rapid development and increasing spending on
residential commercial projects owing to need
to improve occupancy ratios and average room
rates in hotels will drive door market growth. - The volume of construction output is expected to
grow by over 85, valued at around USD 15
trillion worldwide by 2030. Population growth led
to a surge in urban development projects have
witnessed a strong upsurge and expected to
continue the same over the forecast timeframe. - The hospitality sector is anticipated to renovate
existing infrastructure with development of spas,
resorts and luxury hotels for catering to the
needs of tourists while ensuring a comfortable
stay.
3 Continued...
- Hinged product segment was valued at over USD 20
billion in 2016. Effective light sound
proofing, draughts reduction, ease of usage and
maximizes space in the small rooms are among the
key factors driving product demand. - uPVC accounted for over 25 share in 2016. This
is due to high demand for energy efficient and
light weight profiles that require less
maintenance. The material provides an appropriate
level of the insulation against noises from
outside. - Wood material will be valued at over USD 70
billion by 2024. High insulation, minimal
maintenance, long life, least affected by
temperature and aesthetic appeal offered are the
factors anticipated to support the material
demand.
4U.S. Doors Market Size, By Material, 2016 2024
(Million Units)
5Industry Coverage
6 Browse Full Market Research Report On Doors
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7360 Analysis
- Product Analysis
- Hinged doors market was worth over USD 25 billion
in 2016. Superior features including easy fitting
and lees space consumption will fuel the product
demand in the residential application. In
addition, growing demand for see-through
structures will also propel its usage in
commercial buildings. - Regional Analysis
- Asia Pacific accounts more than 40 of the global
doors market and is expected to maintain its
dominance over the forecast period. Rise in brand
awareness and changing in consumer preference for
high end products are major factors driving the
product market growth. - In Ireland, an average house designed on the
Passive House standards instead of 2002
Building Regulations enacted by the Minister for
the Environment and Local Government of the
country, consumes 85 less energy due to better
design structure of the product and other
interiors. - Competitive Market Share
- Some of the key industry players include
Andersen, Jeld-Wen Holding, Pella, Lixil Group,
Masco, YKK, Atrium, MI, Schuco International and
Marvin.
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