Published on : Apr 22, 2016
Doors are widely popular as they are considered as one of the most important structures in the construction industry. Doors help in controlling the atmosphere of a place as well as it aids in increasing the visual appeal of the overall architecture. Doors, being used in every residential and non-residential structure has been a huge market for several decades. Furthermore, the growing construction activities worldwide and rapid urbanization in developing countries are some of the major factors fueling the growth of the market in the next few years.
On the basis of mechanism, the global doors market can be divided into:
Furthermore, the doors market can be segmented on the basis of their functionality into the trap door, safety door, and blast proof doors. The raw materials that are commonly used for manufacturing doors include metal, wood, and plastic. Among these materials, the plastic door segment accounts for the largest share in the overall market at present. The rapid growth of this segment can be attributed to the low cost, low maintenance requirements, and insulating properties it offers. Countries such as Brazil, China, and India are expected to be the largest contributors of this market in the next few years.
In addition, the increasing demand for doors for several safety purposes, including security and fire is anticipated to boost the demand for doors in the near future. Moreover, the increasing safety regulation by diverse industries is further driving the market. Among the major geographical segments, Asia Pacific accounts for the largest share in the global doors market. Asia Pacific is further followed by Europe and North America.
The tremendous demand for doors has attracted several players to participate in the global market and create a brand them for themselves. These players are taking constant efforts to enhance their product to attract new consumers. Technological advancements have also helped several players to expand their product portfolio and gain the competitive advantage in the market. Some of the leading players operating in the global doors market are Inteva Products LLC, Aisin Seiki Co., Ltd., Kone Public Limited Company, Magna International Inc., and Fauresia SA.