The global interior doors market was valued at $49,847 million in 2016, and is expected to reach at $74,967 million by 2023, growing at a CAGR of 6.1% from 2017 to 2023. The interior doors market has witnessed significant growth in the past few years, and is expected to maintain this trend during the forecast period.
Increase in population and rapid urbanization have led to the development of residential and non-residential sectors across all regions. Rise in number of residential and non-residential buildings is expected to provide an opportunity for of the manufacturers operating in interior doors market. Interior doors create appropriate and well-designed functional apace with proper access points and effective circulatory patterns in a room. Interior doors are available in different types such as swinging doors, sliding doors, bypass doors, bifold doors, and others. Rise in government investments in commercial infrastructure and surge in residential sector are expected to drive the global interior doors industry during the forecast period.
The global interior doors market is driven by the growth in infrastructural development attributed to the escalating population. The demand for automated gate opening systems is expected to boost in future owing to increase in number of public places such as entertainment malls, educational instructions, corporate buildings, hotels, and restaurants. Other factors that contribute to the market growth are rise in number of families and increase in consumer expenditure on home remodeling. Availability of modernized designs of interior doors drives the demand for interior doors among the consumers, propelling the market growth. However, high price packages of eco-friendly products are expected to restrain this growth of the interior doors market.
The global interior doors market is segmented on the basis of door type, material type, mechanism, end user, and geography. Based on the product type, the market is divided into panel doors, bypass doors, bifold doors, pocket doors, and others. On the basis of material type, it is classified into wood, metal, glass, fiberboard, fiberglass, vinyl, and others. The wood segment accounted for the highest market share in the door segment, owing to widespread usage of this material in interior doors. Based on mechanism, it is categorized into swinging, sliding, folding, and revolving & others. The end-user segment is bifurcated into residential and non-residential. The residential segment accounted for three-fifth share of the global market in 2016, and is expected to grow at the highest CAGR of 6.6% from 2017 to 2023.
Geographically, the interior doors market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific held over half of the global market size in 2016, and is anticipated to grow at the highest CAGR of 6.8% during the forecast period.
The prominent players operating in the global interior doors market include Artisan Hardware, Bayer Built WoodWorks Inc., Chaparral Doors, Colonial Elegance Inc., Concept SGA., Contractors Wadrobe, Jeld-Wen Holding Inc., Masonite International Corporation, Rustica Hardware, and Simpson Door Company.
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