Luxury Doors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Luxury doors are among rapidly growing segments in the overall doors market. Luxury doors make up a small part of the doors market, it has been gaining traction in recent years due to their increased awareness and adoption. The market is characterized by presence of dynamic market players and increased merger & acquisition activities in recent times. Key players in the luxury door industry are investing toward technological modernization of such doors. Although the market is highly susceptible to economic downturns, it is expected to grow at a healthy rate during the forecast period primarily driven by strong performance by international luxury brands in emerging markets.
Rise in disposable income in emerging economies such as India and China is expected to be a major factor driving the expansion of the global luxury doors market. Increasing demand and preference for high-end luxury doors from developed economies such as the U.S., owing to the gradual recovery of its economy is also expected to contribute to the expansion of the market. Technological advancements such as smart sensors integrated with luxury doors is another factor boosting the market. Increased usage of luxury doors in the hospitality industry is also expected to drive the market.
The high cost of luxury doors is expected to be a major restraint of the market. The global luxury doors market is estimated to face considerable challenges from counterfeit products and domestic brands. Easy availability of inexpensive counterfeit copies of premium luxury doors is resulting in market fragmentation and is expected to be a major restraint of the market.
The global luxury doors market can be segmented based on product type, product mechanism, application, and geography. In terms of product type, the market can be segmented into hinged, swinging, revolving, sliding, and others. The sliding segment is anticipated to dominate the market owing the shift towards space-efficient homes. The swinging segment is anticipated to expand at a prominent growth rate during the forecast period.
Based on product mechanism, the global luxury doors market can be divided into automatic and manual. In terms of application, the market can be bifurcated into residential and commercial. The residential segment is expected to hold a share of the market owing to the various subsidies offered. Household renovation is also expected to add to the market share of residential sub-segment. The commercial application segment is expected to surface as a rapidly expanding segment owing to the rise in installation of luxury doors in the hotel and hospitality industry.
Based on geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the market owing to the rise in construction expenditure to improve infrastructure and the demand for beautiful entrances. Presence of local players is also expected to boost the market in North America during the forecast period. Moreover, the region is driven by the U.S., where the market is characterized by aggressive pricing, marketing, and customer acquisition tactics.
Asia Pacific is expected to follow North America in terms of market share. The market in Asia Pacific is primarily driven by the rise in disposable income in emerging countries and demand for new infrastructure is expected to expand at a significant rate and surface as the fastest growing region. The region is also expected to be helped by increasing commercialization and industrialization.
Major players operating in the global luxury doors market are Andersen Corporation, Centuryply, Pella Corporation, Fenesta Building Systems,
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.