June 30, 2021
According to the business intelligence report titled, ‘Europe Doors Market Size By Material, By Product, By Application, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, Europe doors market is anticipated to be worth USD 36.5 billion by 2027.
Increasing construction activities in the commercial sector and growing number of smart cities are key factors stimulating Europe doors market growth. Favorable government regulations are also facilitating the business scenario. For instance, under the Smart Cities & Communities European Innovation Partnership (EIP SCC) initiative, around 78 cities were chosen to transform into smart cities.
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The COVID-19 pandemic has, however, negatively affected Europe doors industry expansion. In addition, limited availability of raw materials and labor amidst the Coronavirus outbreak has affected the construction & infrastructure vertical on a large scale, which in turn could potentially hamper Europe doors industry remuneration.
Based on product gamut, the business sphere is bifurcated into hinged, sliding, French, and others. Among these, the hinged doors amassed USD 9.3 billion in 2020 and is likely to depict similar growth trends in the ensuing years. Easy installation and less space requirement are the leading factors credited for the growth of this segment. Growing number of see-through buildings, high usage of modern technologies, and introduction of innovative designs & styles will contribute to valuation of hinged doors segment.
Speaking of material type, Europe doors market is divided into UPVC, metal, wood, and others. Among these, the wood segment held 51.4% of the market share in the past year and is projected to grow rapidly between 2021-2027, due to its beneficial features like limited carbon emission, durability, and enhanced insulation. It also helps in better waste management and gives a more aesthetic appearance to buildings which will aid expansion of this segment.
Moving on to application scope, the market space is fragmented into residential, commercial, new residential, and improvement & repair. Among these, the commercial doors segment is estimated to expand at 2.9% CAGR between 2021-2027, owing to supportive government initiatives & policies and rising number of colleges, hotels, and hospitals.
Key players profiled in Europe doors market report are Neuffer Fenster + Türen GmbH, Entrematic Group AB, ARBO Windows SIA, SGM Windows Manufacturing Limited, Weru Group, Stollar Systemy Okienne, Deceuninck NV, Pendle Doors Limited, Jeld-Wen Holding Inc., XL Joinery Limited, and Endurance Doors.