Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Doors have been extensively popular as it is one of the most usually used assemblies in construction. They regulate the atmosphere of a place by enclosing the air breezes as well as growing the graphic appeal of the architecture. The main purpose of doors is to deliver security and contain exterior or interior types depending on fitting in a particular area. Moreover, doors can be segmented based on their functionality as trap door, safety door, and blast proof doors. Raw materials such as metal, plastic, and wood are used in engineering of doors.
The market is anticipated to grow owing to the increasing construction activities across the world. Moreover, the increasing demand for doors for protection purposes such as fire and security, implemented in industries owing to growing safety regulations is projected to drive the market. In contrast, variation in raw materials prices and high primary costs and maintenance for automatic doors hamper the market.
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the doors market. Also, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The market has been affected by the outbreak of the COVID-19 pandemic, as there has been decline in demand for residential and non-residential sectors. New construction and aftermarket have also been adversely affected with the pandemic. Construction activities were completely shut down initially but in third quarter these activities were granted permission to operate with COVID-19 operational measures. Availability of workforce and raw material supply & prices are the biggest challenges in the industry after unlocking.
The study analyses doors market based on material, mechanism, application, product type, and geography.
The material used in manufacturing of doors is wood, glass, plastic, metal, and composite. The wood segment dominates the market, by material. Wooden doors are aesthetically appealing; though, they are less thermally effective, expensive, absorb moisture and simply rot which leads to high maintenance costs. Moreover, the metal segment is fastest growing segment by material, owing to progressively used in commercial and residential applications driven by their physical characteristics such as longevity, durability, and flexibility in design.
Various doors by mechanism include swinging doors, sliding doors, and folding doors. The swinging doors segment held a lion’s share in the market. These are more lucrative and require minor maintenance as compared to revolving, folding, and sliding doors.
The market finds application in residential and non-residential sector. The non-residential segment includes hospitals, offices, hotels, educational institutions, and others. The residential segment is estimated to account for the largest share in market. This is attributed to the shifting preferences and trends, which could necessitate renovations and replacements.
Interior doors and exterior doors are the two major product types. The interior doors segment is the largest market segment, by product type. The interior doors are thinner, lighter, and smaller in contrast to exterior doors. They are non-soundproof or weather proof as they do not include weather-stripping features. Changing lifestyles and increasing spending on residential buildings drives the market for interior doors.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. Asia pacific s leading the global doors market. The growth in demand for doors in the region can be mainly attributed to the increasing infrastructure and building & construction industries. The demand for modified doors is increasing rapidly in the region, due to the high demand from the infrastructural sector for artistic appeal.
The key competitors of this market include Assa Abloy AB, dormakaba Holding AG, Allegion PLC, Masonite, Andersen Corporation, Simpson Door Company, Jeld-Wein, Inc., PGT, Fancy Doors & Mouldings, Cornerstone Building Brands, Boon Edam, Fenesta, Hormann, Novoferm GmbH, among others.
The study analyses doors market based on material, mechanism, application, product type, and geography. The material used for manufacturing of doors include wood, glass, plastic, metal, and composite. The wood segment dominates the market, by material. The mechanism of the doors market are swinging doors, sliding doors, and folding doors. The swinging doors segment held a lion’s share in the market. The market finds application in residential and non-residential sector. The non-residential segment includes hospitals, offices, hotels, educational institutions, and others. The residential segment is estimated to account for the largest share in market. The interior doors and exterior doors are the major product types of the door market. The interior doors segment is the largest market segment, by product type. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World.
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