Transparency Market Research

Exterior Doors Market - Emerging Nations Around the World to Offer Lucrative Opportunities

Exterior Doors Market is rising rapidly as it considered as a focal point of a building’s facade and designed to look inviting and accessible. Market for exterior doors is segmented based on type, material, mechanism, end-use, and region.

 

Albany, NY -- (SBWIRE) -- 10/11/2018 -- The exterior doors is considered as a focal point of a building's fa├žade. An exterior doors of a house is a gateway and a barrier and is designed to look inviting and accessible. Various materials are used to provide innovative and interesting designs to modify the visual appeal of a building. Materials commonly used to manufacture exterior doors include metal, wood, glass, vinyl, fiberboard, and fiberglass. Wood is the one of the most preferred materials used to manufacture exterior doors, especially in residential construction.

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Increase in new residential and nonresidential construction activities and rise in home remodeling expenses propelled the exterior doors market over the past few years. Moreover, increase in demand for sliding and hinged doors are anticipated to boost the exterior doors market during the forecast period.

Rapid economic development, increase in disposable income, and growth in the tourism industry have increased the demand for exterior doors with better esthetic appeal for hotels, restaurants, multiplexes, supermarkets, and others. Increase in public funding, rise in government investment for infrastructural development, and a steady decline in building material costs are projected to fuel the market. Technological advancements is a major factor contributing to the expansion of the exterior doors market due to the increase in inclination of consumers toward advanced products.

Community development and administrative subsidies primarily for residential constructions are expected to drive the exterior doors market. Renovation of households have significantly increased over the past few years. This, in turn, is estimated to propel the exterior doors market during the forecast period. Manufacturers are concentrating on new residential constructions due to higher profitability involved in it. Increase in demand for energy-efficient products, especially in new uptown projects, is boosting the exterior doors market over the coming years. Developing economies such as China, India and rise in disposable income among consumers are factors which are increasing construction and repair activities. This, in turn, is projected to propel the exterior doors market.

The global exterior doors market can be segmented based on type, material, mechanism, end-use, and region. In terms of type, the exterior doors market can be divided into panel doors, bypass doors, bifold doors, pocket doors, and others. Panel doors are gaining popularity due to their ability to increase the esthetic appeal. Based on material, the exterior doors market can be divided into wood, glass, metals, vinyl, fiberglass, and fiberboard. In terms of revenue, the metals segment accounts for a large share of the market owing to the high dimensional stability and durability & resistance to fire and chemicals. Metal exterior doors are often preferred in the commercial sector. In terms of mechanism, the exterior doors market can be classified into swinging, sliding, folding, overhead, and others. Based on end-use, the exterior doors market can be bifurcated into residential, and non-residential. The residential segment dominates the market; however, non-residential segment is expanding at a significant pace across the globe. In terms of region, the exterior doors market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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The global exterior doors market is expanding at a rapid pace. A large number of domestic and regional players offer wide range of products for different end-users due to growth in design innovation and rise in competition in the market. Key players operating in the global exterior doors market include Fortune Brands Home & Security Inc., ASSA ABLOY AB, VKR, Anderson Corporation, Atrium Corporation, YKK Corporation, JELD-WEN Holding, Inc., ETO Doors, Sanwa Holdings Corporation, Simpson Investment Company Inc., The Millwork Market, JS Doors Manufacturer PTE Ltd., Marvin Doors & Windows Inc., Otto Fuchs KG, , Hormann KG Verkaufsgesellschaft, Pella Corporation, LIXIL Group Corporation, Masonite, Bayer Built Inc., Yuanda China Holdings Limited, and LG Electronics Inc.