DUBLIN--(BUSINESS WIRE)--The "Doors in the US by Material, Product, Market and Region" report has been added to ResearchAndMarkets.com's offering.
This study presents historical demand data (2006, 2011, and 2016) and forecasts (2021) by material (metal, wood, plastic), product (interior, entry, sliding & swinging patio, garage, automated sliding & swinging, overhead, and other doors & components), markets (new residential construction, residential improvement & repair, new commercial construction, commercial improvement & repair), and US region (Northeast, Midwest, South, West).
The study also evaluates company market share and provides competitive analysis on industry players, including:
- ASSA ABLOY
- Clopay Building Products (Griffon)
- Masonite International
- Overhead Door (Sanwa Holdings)
- Therma-Tru (Fortune Brands Home & Security)
New Housing & Demand for High-End Exterior Doors Fuel Growth in US Door Market
Market growth will be driven by continued strength in new housing activity and expanding commercial building construction spending; increased demand for high-end, high-performance products with enhanced durability and energy efficiency; and rising sales of custom, more aesthetically pleasing doors sold at higher price points.
Fiberglass Fuels Robust Gains for Plastic Doors
Fiberglass doors will continue to gain share as builders and homeowners increasingly recognize the material’s benefits - including its superior durability, low maintenance, and good aesthetics. A bright outlook is also anticipated for vinyl doors, which will continue to penetrate the patio door segment due to their low cost and energy efficiency. Nonetheless, metal doors will retain the leading share of overall sales due to their dominance in the commercial market, as well as their top position in residential segments such as entry and garage doors.
New Housing Activity Spurs Stronger Growth for Interior, Entry, Garage, & Other New Residential Doors
The best opportunities are forecast for the new residential market, supported by continued gains in housing completions. In addition, builders will continue specifying high-value doors with good aesthetics (including wood garage doors or fiberglass entry types with specialty glazing) to attract buyers.
Healthy growth in construction spending for office, retail, lodging, and institutional structures will bolster sales of commercial doors through 2021, including automated types that improve the flow of foot traffic and adhere to universal design principles. In addition, building owners are increasingly investing in high-performance doors to improve energy efficiency and achieve green building certifications such as LEED.
Product Launches Target Indoor/Outdoor Living Trends
Leading door manufacturers are launching new products to take advantage of growth opportunities driven by popular design trends. The rising popularity of transitional indoor-outdoor living spaces and modern designs, for instance, has spurred several suppliers to launch series of multipanel patio doors that provide larger openings and improve access to natural light.
For more information about this report visit https://www.researchandmarkets.com/research/h5w5dn/the_market_for?w=4