CHICAGO, Nov. 18, 2021 /PRNewswire/ -- The future of the door and window market looks promising with opportunities in the infrastructure industry all over the world. The demand for doors now is not just linked with the fact that they are required to fit in the building structure. Currently the demand of doors is opportune for multiple glazed options and variants that promise thermal efficiency by eliminating heat loss from doors from buildings. The most recent technological advances are aimed at product differentiation to ward off competition. Automated and remote-controlled operations are the latest features in commercial doors that are likely to gain high traction.
All of the demand and supply chain disruptions led by technological innovations encouraged analysts at Arizton to publish exhaustive and data-driven insights on these current trends in the industry. Arizton has a dedicated vertical that focuses on consumer goods and retail tech across geographies. These market research reports cover a detailed analysis of the COVID-19-induced supply chain disruptions, innovations in technology, equipment financing, economic impact, and a detailed study of the competitive landscape.
Europe Garage Doors Market - Industry Outlook & Forecast 2021-2026
With designs going beyond the conventionally raised panels, the availability of distinct garage door designs has developed exponentially in recent years. The demand for garage doors will also be fuelled by the growth of the residential sector in Europe. The residential construction market in Western European countries, such as the UK and France, and Central and South European countries is likely to grow at a CAGR of 2−5% during the forecast period. The Europe garage door market is expected to reach USD 2.87 billion by 2026, growing at a CAGR of 3.68% during the forecast period.
Vendors will pursue growth by acquisitions as there are numerous small-scale vendors that are active in towns and smaller regions. These small vendors have presence in niche markets and thus acquiring them gives an edge to vendors. Novoferm, one of the prominent vendors is planning on accelerating its growth in France by acquiring the Norsud Group. In 2020, the company forged a partnership with KIWI, a forerunner in digital door access solutions. With an increasing trend of energy conservation, vendors are integrating technology to improve thermal efficiency in their products so that consumers can save on energy expenses.
Commercial Doors Market - Global Outlook and Forecast 2020-2025
The market for commercial doors is mainly driven by their installation in new buildings and renovation or replacement activities in existing structures. Most commercial spaces are implementing latest infrastructure and technologies to improve the overall aesthetics of the space while also ensuring maximum security and convenience. Fire-rated and thermally efficient commercial doors can prove highly beneficial for commercial spaces and are used in almost all commercial spaces. In 2019, APAC was the largest and fastest-growing market for commercial doors and accounted for a market share of 35%. Strong economic growth coupled with rising non-residential commercial construction activities and increasing disposable income have primarily supported the growth of the market in the region.
The commercial doors market is expected to reach USD 61.07 billion by 2025, growing at a CAGR of 3.81% during the forecast period. The vendors will pursue growth by acquisitions as there are numerous small-scale vendors which are active in towns, and small regions. These small vendors have presence all over their marketplace and thus acquiring them gives an edge to the vendors. They must also develop high functionalities and continue upgrading their products to keep pace with the latest technological developments, failing which they might lose relevance in the market.
High Performance Doors Market - Global Outlook and Forecast 2020-2025
The high-performance door market is mainly driven by demand for secure doors and operationally efficient doors, which are capable of reducing cycle time in industries. The metal doors accounted for the largest segment in material type in the global high-performance door market. The prime reason for the higher share and demand for metal doors is linked to the growth in non-residential construction and new permits across several countries. One more factor responsible for the market's growth is the increasing demand for renovation and retrofit projects.
The high-performance door market is expected to reach USD 4.54 billion by 2026, growing at a CAGR of 3.94%. The high-performance rolling doors require lower maintenance and have low repair cost, depending on the application type in the end-user industry. Installation of high-performance rolling door behind the cold storage sliding door is expected to save up to USD 1,000 per door per year. This has propelled the demand of high-performance doors in the market. In December 2018, ASSA ABLOY acquired Lorient, which is one of the manufacturers of high-performance doors sealing systems based in the UK. This acquisition has strengthened the position of the company in the mature markets by the expansion of its product. Lightweight, faster speed, and low maintenance are some of the key criteria among vendors product differentiation.
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