Pocket Door Market share by applications and regions for 2018- 2024

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Pocket Door Market outlook, regional growth
industry share by 2024 Global Market Insights,
Inc.
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• Global Market Scenario of Construction Industry

• Pocket Door Market size is estimated to surpass
  USD 10 billion by 2024. Rapid growth in
  construction renovation of the residential
  commercial buildings is the key factor fueling
  pocket door market size.
• Increasing demand from infrastructure and real
  estate projects will drive the product demand. In
  2017, according to National Association of Home
  Builders, the U.S. remodeling and home building
  investment accounts for 3 share of GDP.
• Increase in public, as well as private
  infrastructure expenditure is anticipated to
  propel the industry growth. Rising modular and
  stylish lifestyle owing to rising disposable
  income will provide strong business outlook for
  the manufactures, thus supporting industry
  expansion.
• In addition, shift in consumer preference towards
  premium quality products with aesthetic in their
  homes likely to fuel product sales.

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• Technological advancement and innovations for
  conserving energy in buildings will positively
  enhance the industry growth. Stringent government
  norms to enhance the utilization of energy
  efficient products for reducing carbon emissions
  in Canada and UK fueling product sales.
• Increasing demand for automated entrances in the
  commercial and industrial sector will further
  propel the industry growth in coming years.
• Single pocket door market is projected to witness
  CAGR over 5.5 in terms of revenue up to 2024,
  owing to its ease of installation, sound
  thermal insulation, and modular appeal.
• A variety of materials such as glass, aluminum,
  steel, etc. can be used for the product
  development depending upon the purpose for which
  it is being installed. This level of diversity of
  features and its ease of operations likely to
  propel product adoption rate.

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• 360 Industry Analysis

• Wood accounted for more than 45 of the industry
  share in 2017. Apart from the aesthetic appeal,
  wooden material tends to have a long life
  especially when good quality timber is used.
• Also, wood is not prone to rust, it does not
  crack or chip and is highly customizable to fit
  any opening size. These factors make wood an
  ideal option for product development in the long
  run thereby increasing the segment growth over
  the projected timeframe.

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• Regional Analysis

• Asia Pacific Pocket Door Market is anticipated to
  witness growth over 5 up to 2024. Countries such
  as China, Indonesia, Thailand, and Malaysia are
  expected to witness significant growth in
  population which will bolster the increase in
  average size of housing. This will indirectly
  impact the product sales in the residential
  sector and outpace its applications in the
  non-residential segment.
• European Pocket Door Market accounted for over
  20 of the global revenue share in 2017.
  Increasing urbanization rate and rising demand
  for aesthetic customization will further boost
  industry growth in this region. Rising income
  level coupled with affordable housing schemes
  launched by the government will augment regional
  demand over the projected timeframe.

• Competitive Analysis

• Some of the key industry players in the market
  include Ferrero Legno, JAP, Allgood, Scrigno,
  Eclisse UK S.R.L, JB Kind, and Ghizzi Benatti.
  Other notable players include Portman, LPD,
  Raydoor, Selo, Fleetwood, Slidesystems,
  Linvisible, Bertolotto Porte, Casali, FOA Porte
  etc.

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