Portland, OR -- (SBWire) -- 08/30/2017 --The interior door product base offers a large variety of doors such as sliding doors, bifold doors, hinged doors, multi-sliding doors, bypass doors, and others. Bifold doors are used as internal or external room dividers. These doors offer an advantage of a seamless transition from the inside to the outside of a room. These doors can separate a big room into two areas, are designed to save space, and provide an aerial open-ended view in homes with gardens. Bifold doors have significant applications in commercial sectors such as in restaurants, hotels, entertainment malls, and in the residential sector.
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Rise in consumer expenses on home interior remodeling and improvement in developed economies such as the U.S. have driven the global bifold door market growth. Moreover, the increasing need for mixed-use properties of home interiors has also contributed to the growth of the market. Increasing commercial construction projects is expected to generate the need for energy efficient bifold doors with an aim to ensure adequate ventilation. However, high costs of bifold doors when compared with conventional doors are expected to restrain the growth of the global bifold doors market.
The global bifold door market is segmented on the basis of product type, end-user industry, and geography. On the basis of product type, the global bifold door market is classified into room dividers, closet doors, raised panel doors, and flat panel doors. Based on the end-user industry, the global bifold door market is segmented into commercial and residential. Geographically, the market has been analyzed across North America, Asia-Pacific, Europe, and LAMEA.
The key players that operate in the global bifold door industry are Andersen, ATIS Group, Climadoor, Crystal Direct, Euramax, JELD-WEN, NanaWall, Pella, Ply Gem, and YKK.
Key Benefits
The study provides an in-depth analysis of the global bifold door industry and current & future trends to elucidate imminent investment pockets.
Information about key drivers, restrains, opportunities, and their impact analysis on the market has been provided.
Porters five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
The quantitative analysis of the global bifold door market from 2017 to 2023 has been provided to determine the market potential.
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Bifold Door Market by Key Market Players
The increasing rate of population and rapid urbanization has led to the notable development of residential and non-residential sectors across all regions. Rise in the number of residential and non-residential infrastructure is expected to drive the global interior doors market.