July 01, 2021
According to the research report titled ‘North America Doors Market Size By Application, By Product, By Material, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027’, available with Market Study Report, North America doors market is projected to register a healthy growth rate and reach a valuation of USD 43.4 billion by the end of the forecast period 2021-2027.
As per the report findings, increasing expansion of construction industry, especially in the U.S. and Canada, is promulgating North America doors market growth.
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Based on product type, the market is categorized into sliding, hinged, French, and others. Among these, the sliding door segment is touted to capture 29% of the overall market share by 2027. The product demand can be attributed to lower space requirements of these doors when opening or closing. Moreover, advantages like aesthetic appeal, soundproof nature, and airtight insulation characteristics are favoring the adoption of sliding doors in shops, shopping malls, warehouses, theatres, and department stores. Further, working at home amid the Covid-19 pandemic has necessitated the use of these sound-proof doors.
In terms of material, North America doors industry is split into uPVC, metal, wood, and others. Experts analysts predict that uPVC segment is slated to grow at CAGR of 5% over the forecast duration. High durability and cost-effectiveness are supporting the product demand across both residential and commercial applications, especially in times of financial hurdles brought forth by the pandemic. Moreover, excellent thermal insulation and soundproof properties along with availability in a wide array of patterns, colors, and laminates are encouraging the product adoption.
Considering the application scope, residential segment is recording strong growth owing to surging demand for construction and refurbishment activities in the housing industry.
Meanwhile, North America door market size from commercial segment is touted to expand at a hefty CAGR of 30% through 2026. This can be credited to increased demand for high-performance doors to address rising frequency of fire accidents and thefts in the region. Besides, with several commercial facilities closed due to the pandemic or gradually resuming operations, the growing focus toward renovation and upgrading of spaces to adopt to the new normal is positively impacting the segmental expansion.
Prominent industry players are Master Doors Inc., Portatec, Doorsmith, Marvin Lumber and Cedar Company, Simpson Door Company, Lixil Corp., Marvin Windows and Doors, Masco Corp., Pella Corp., Jeld-Wen Holding Inc., and Andersen Corp.