Global Interior Doors Market to Generate $102,543.4 Million and Exhibit a CAGR of 6.3% from 2021 to 2028 - Exclusive Report [216 Pages] by Research Dive

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25 Aug, 2021, 11:45 GMT

NEW YORK, Aug. 25, 2021 /PRNewswire/ -- The global interior doors market is estimated to witness massive growth in forecast period, due to rapid increase in demand for better home furnishing. The Asia Pacific region to foresee significant growth by 2028.

Research Dive in its latest published report estimates that the Global Interior Doors Market will generate $102,543.4 million and exhibit a CAGR of 6.3% from 2021 to 2028.

Market Dynamics: Interior Doors Market

The rising demand for renovation activities in the commercial and residential sector, and the growing disposable income of people leading to increasing demand for better home furnishing are the factors projected to foster the growth of the global interior doors market during the analysis period. In addition, e-commerce is increasingly utilized in the building and furnishing materials which is boosting the market growth. Moreover, technological advancements in the interior doors such as the prominence of augmented reality (AR) is estimated to create massive opportunities for the growth of the global market by 2028. However, the high investment & installation costs associated with interior doors is expected to restrict the market growth in the estimated timeframe.

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Impact of COVID-19 Pandemic on the Interior Doors Market

The COVID-19 outbreak has negatively impacted the global interior doors market during the pandemic. The decreasing growth of the market is majorly attributed to disruption in supply chain of raw materials and decreasing demand for furnishing products from the residential and commercial sectors. In addition, the delay in ongoing construction projects due to lockdown restrictions imposed by various countries has adversely impacted the market.

Key Segment Findings of the Market:

The research report segments the global interior doors market into door type, material, mechanism, and region.

  • Based on door type, the bypass sub-segment valued for $14,829.4 million in 2020 and is anticipated to grow at the fastest rate during the forecast period. The considerable growth of the sub-segment can be due to the surging demand for space saving doors in the commercial and housing sectors.
  • Based on material, the wood sub-segment accounted for $17,169.1 million in 2020 and is anticipated to hold the largest share in the global industry by 2028. This growth is attributed to the increasing utilization of wood in furnishing as it is the most important building materials used in the residential and commercial construction sectors around the world.

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  • Based on mechanism, the swinging sub-segment accounted for $21,397.7 million in 2020 and is projected to grow at a CAGR of 6.7% over the forecast period. This is majorly due to lesser maintenance cost and cost-effectiveness of swinging doors.
  • Based on region, the Asia Pacific market for interior doors is predicted to grow at a CAGR of 6.7% and reach up to $44,042.4 million by 2028. This is primarily attributed to increasing disposable income of people and rapid industrialization in the region. In addition, the surging demand for interior doors from the residential sector to drive the regional market growth.

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Top 10 Key Players of Interior Doors Market

The prominent players of the global interior doors market include –

1.  PGT Innovations, Inc.

2.  Hörmann International Inc.

3.  JELD-WEN, Inc.

4.  Masonite

5.  ASSA ABLOY

6.  MI Windows and Doors, LLC

7.  Simpson Door Company

8.  Cornerstone Building Brands, Inc.

9.  ANDERSEN CORPORATION

10.  PELLA CORPORATION.

These players are focusing on mergers, collaborations, product development, and launches to gain a competitive in the global market.

In July 2020, Lualdi, a luxury Italian brand for interior doors, announced the launch of minimalist sliding doors in India. The L7 Plus sliding glass doors are an unparalleled combination of engineering and creativity. Enquire and Get Quick Access to Top Companies Development Strategies Summary Report

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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