Bifold Doors Market | Trends - Emergence of automation and remote operation

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Bifold Doors Market
Trends - Emergence of automation and remote
operation
Global Opportunity Analysis and Industry
Forecast, 2017-2023
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Global Opportunity Analysis and Industry
Forecast, 2017-2023, the global bifold doors
market was valued at 9,779 million in 2016, and
is projected to reach at 13,929 million by 2023,
growing at a CAGR of 5.2 from 2017 to 2023.
Asia-Pacific is expected to be the leading
contributor to the global bifold doors market,
followed by Europe and North America. Rise in
adoption of energy-efficient doors and
application of bifold doors as door-wall system
are expected to drive the bifold doors market.
In addition, bifold doors provide assistance in
maximizing the space without significant change
in the architecture, which is expected to propel
the growth. However, the high costs associated
with installation of bifold doors may hamper this
growth. Moreover, the installation of bifold
doors can be challenging to do-it-yourself users,
which may impede the market growth.
Introduction
Bifold Doors Market
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Bifold Doors Market was valued at 9,779
million in 2016 and is expected to reach 13,929
million in 2023, growing at a CAGR of 5.2 from
2017 to 2023. Doors constitute a vital part of
the infrastructure as they provide entry as well
as exit points. Further, they provide
insulation, separation of rooms, and protect the
interiors of the house from external temperature
conditions. Bifold doors constitute a
combination of panel doors logically hinged,
leading to folding of the panels. This folding
mechanism allows the doors to co-exist as
door-walls systems, which enhances the visual
appeal of the interiors. Bifold doors are
applicable in patio doors, balcony doors,
interior dividers, a combination of glass and
wall systems, and store restaurants front doors
among others.
Overview
Bifold Doors Market
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Overview
Bifold Doors Market
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Bifold Doors Market
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Segment Overview
Bifold Doors Market
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The bifold doors find their application as patio
doors, balcony doors, interior dividers, room
separators, and as closet doors among others.
The exterior bifold doors are expected to
dominate the market share in the forecast period
owing to significant adoption of energy efficient
patio and balcony doors. The bifold doors
market is segmented on the basis of material,
application, end user, and geography. On the
basis of material, it is classified into wood,
metal, glass, vinyl, fiberglass, and others
(uPCV, PVC, and fiberboard). The applications
covered in this study include interior doors and
exterior doors. Based on the end user, the
market is bifurcated into residential and
nonresidential. Geographically, it is analyzed
across North America, Asia-Pacific, Europe, and
LAMEA.
Segment Overview
Bifold Doors Market
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Rapid urbanization globally and increase in
disposable income are expected to boost the
demand for bifold doors in the future. Further,
growth in awareness among individuals towards
interior designing and their propensity to spend
on home remodeling are anticipated to fuel the
demand. In addition, bifold doors offer a
significant view of the outside, and subsequently
enhance the visual appeal of the infrastructure
in the individuals perception, especially in
resorts and the hotel industry. However,
the involvement of multiple hinges and panels for
folding mechanism of bifold doors present a major
challenge. As a result, they are usually
challenging for do-it-yourself (DIY) users, which
is projected to hinder this market. Moreover,
the initial installation costs associated with
bifold doors increase as the door size increases,
impacting the growth further.
Top Impacting Factors
Bifold Doors Market
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In 2016, the glass segment accounted for the
maximum revenue and is projected to grow at a
notable CAGR of 5.2 during the forecast
period. The exterior doors segment accounted for
around 66.3 share in 2016. UK and France are
the major shareholders in the Europe bifold doors
market, accounting for more than 44.2 share in
2016. The key players profiled in the bifold
doors market include Andersen Corporation,
BiFolds BiDesign Ltd., Chase Windows Co., Euramax
Solutions Limited, JELD-WEN, Inc., Kloeber, Nana
Wall Systems, Inc., Origin Frames Ltd., Pella
Corporation, and The Bi-folding Door Company.
Market players have adopted various strategies
such as product launch, collaboration
partnership, and acquisition to expand their
foothold in the market.
Key Findings
Bifold Doors Market
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