May 31, 2022
According to the latest research report titled ‘Asia Pacific Doors Market Forecast 2027 By Product, By Material, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share', available with MarketStudyReport, Asia Pacific doors market is expected to account for a valuation of USD 90.5 billion by 2027.
The government in the region is progressively investing to establish smart public infrastructure, focus on efficient security & safety in commercial & residential spaces leading to development of resilient construction materials, and steady rise in industrialization and urbanisation are the factors fostering the growth of Asia Pacific doors market.
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On the downside, the outbreak of COVID-19 had severely impacted the construction sector. Due to the travel bans and lockdowns imposed by the authorities, there was extreme scarcity of raw commodities and personnel, hampering the industry growth.
Analysing the market by product spectrum, the segmentation comprises French, sliding, hinged, and others. Among these, the market share from the hinged doors segment is estimated to grow significantly at 3.7% through 2027, owing to its seamless operation, ease of set-up, and lesser space footprint. They provide high entrance security, and are perfect for homes, offices, as well as malls.
Based on the material, Asia Pacific doors market is bifurcated into metals, uPVC, doors, and others. The uPVC segment is expected to witness substantial growth through 2027, because uPVC has numerous benefits like exceptional insulation, cost & energy efficient, versatility, and better durability.
Speaking of the application spectrum, the market is classified into residential (new residential, improvement & repair), and commercial (new commercial, improvement & repair). Among these, the residential segment is projected to expand at 3.9% CAGR through 2027, owing to the encouraging initiatives by government for residential developments, and increasing demand for aesthetically pleasing residential decor among consumers.
Speaking of the competitive landscape, companies including Entrematic Group AB, Masco Corporation, ARBO Windows, Andersen Corporation, ATIS Group Inc., Century Doors Limited, Stollar-Systemy Okienne, YFK Public Accounting Corporation, Pella Corporation, JELD-WEN Holding Inc., and Jarida Group Limited are influencing Asia Pacific doors market trends.