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APAC Doors Market size to hit $90.5 Bn by 2027
Published Date: 2021-08-25
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APAC Doors Market size is poised to surpass USD 90.5 billion by 2027, according to a latest forecast report by Graphical Research. The growing rate of construction activities across the APAC will majorly drive the market growth. In addition, the lack of standard housing in emerging economies including India and China is expected to boost the investments for quality housing and trending smart homes over the coming years. Moreover, the growth in the residential construction market is anticipated to increase the demand consistently for this industry.
The Asia Pacific market is growing at a CAGR of 4.1% from 2017 to 2027. The major revenue generating regions throughout the assessment period are India and China. The increasing new construction projects in healthcare, education, retail, and social infrastructure are likely to propel market size. Furthermore, the rising population would propel the demand for new infrastructure construction to meet the demand for housing & commercial requirements. The increasing commercialization and urbanization across these countries are likely to fuel the market demand.
The Asia Pacific region is expected to maintain its dominant position in the global doors market during the projected timeframe. Increased brand awareness and changes in consumer preference for high-end products are the main driving forces for market expansion. Disposable income will directly increase the expenditure of general luxury goods including bathroom equipment, decoration, and doors.
Browse detailed statistical insights from the report, “Asia Pacific Doors Market Forecast 2027 By Product (Hinged, Sliding, French), By Material (uPVC, Door, Metal), By Application (Residential [New Residential, Improvement & Repair], Commercial [New Commercial, Improvement & Repair]), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The French door segment is likely to showcase a CAGR of 4.3% by 2027. French doors are mainly used in traditional buildings. They are installed with outward openings to terraces, gardens, covered patios, and balconies. These doors are made up of upper & lower stainless-steel shoot bolts, which can hold the door firmly in place. In addition, they are equipped with zinc hooks to keep the two doors moving safely. These functions will increase the demand for the product during the expected time.
In terms of material, the metal segment will witness a growth rate of 4.2% over the projected timeframe. Metal doors have excellent rigidity, higher strength, and design flexibility. Owing to their rigidity and strength, they are widely used as safety doors. Manufacturers are currently focusing on developing products that provide improved insulation and weatherproof doors with excellent durability. The design of these doors is based on customer requirements such as product size and application. Metal doors are effective in terms of fire safety because they provide both high impact resistance and strength of the entire structure. These characteristics will increase the demand for metal doors in commercial & industrial buildings.
Based on application, the commercial segment is growing at a CAGR of 4.3% during the forecast time. Due to the increase in PVC and metal applications, the commercial doors market is expected to grow steadily during the expected time frame. Commercial applications need to improve the security against tampering and fire protection. Aluminum and glass doors are expected to grow steadily in the commercial segment as they are durable and add strength, thus reducing the chances of the door being breached. These trends are likely to boost segment growth.
The APAC doors market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By Material
Asia Pacific Market, By Application
- New residential
- Improvement & repair
- New commercial
- Improvement & repair
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Rest of APAC