Asia Pacific Doors Market size crossed USD 67.9 billion in 2020 and is predicted to observe around 4.1% growth rate between 2021 and 2027. Consumers’ increasing spending on home renovation, rapid urbanization & industrialization, and rise in residential & non-residential buildings will drive the market growth in this region.
In addition, technological innovations provide safety & security, and public investments in infrastructure expansion will open new opportunities for the market participants. It is expected that consumers' expenditure on home decoration as well as the development of new buildings will create favorable opportunities for the market expansion.
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Restructuring and modernization reverse the regulatory impact of poor structures opening opportunities in the coming years, especially in the Asia Pacific region. The demand for major upgrades in China's education, commercial & residential buildings will fuel market revenue. Owing to infrastructure expansion and real estate boom, the Asia Pacific region may experience significant industrial growth. Due to population growth and urbanization, the demand for residential & non-residential buildings in the area is anticipated to increase.
The COVID-19 pandemic has caused a huge blow to the construction sector, and the door revenue has fallen sharply. The main reason is the decline in construction activities in this region. The cost of raw materials for manufactured products has increased due to strict lockdown measures taken by governments across the regions. The COVID-19 outbreak in emerging economies including China and India created a negative impact on the production and consumption of the building materials.
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Based on product, the hinged door segment will grow at a CAGR of 3.7% during the forecast timeframe. Hinged doors are one of the most important type of doors worldwide. The increasing popularity of commercial & residential buildings will boost the segment growth. Many commercial buildings, including shopping centers and offices, are equipped with these doors to make them easier to open. They mainly exist as entrance/rear and cabinet doors. These doors are very suitable for residential buildings because they have the advantage of taking up less space or being easy to install.
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The uPVC doors market in the Asia Pacific is likely to showcase around 5.1% growth rate through 2027. Versatility, super strength, and competitive prices are the main growth drivers of the uPVC doors segment. The material is widely used in residential & commercial doors and provides insulation and energy saving. PVC doors are widely used in the manufacture of hinged, sliding, and balcony doors.
The residential sector held a market share of 61% and is set to expand at 3.9% CAGR till 2027. Social development coupled with subsidies available for residential construction will positively influence the industry demand. Moreover, the growing renovations coupled with the increasing demand for aesthetically appealing infrastructure are anticipated to propel the overall market revenue.
Prominent door manufacturers include Lixil Group Corporation, ATIS Group, Pella Corporation, Stollar Systemy Okienne, WEN Holdings, Jarida Group, Century Doors, MASCO Corporation, YFK Corporation, Entrematic Group AB, and Artium Corporation, among others. Manufacturers invest heavily in R&D manufacturing technologies to improve quality, reduce manufacturing costs, and improve overall efficiency.