LONDON--(BUSINESS WIRE)--The global bifold doors market is expected to grow by USD 1.84 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of about 4%.
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Read the 120-page report with TOC on "Bifold Doors Market Analysis Report by End-user (Residential and Non-residential), Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024".
The market is driven by the increasing construction of skyscrapers. In addition, the evolution toward cellular polyvinyl chloride (PVC) bifold doors is anticipated to boost the growth of the bifold doors market.
Rapid urbanization in recent decades has increased the construction of taller buildings such as skyscrapers across the world. This has increased the scope for bifold doors as they enhance the beauty and comfort in high rise buildings. These doors can act as portable doors and are widely preferred to divide a large space into two small spaces. They also serve as a portal for ventilation and air circulation during hot summers. With the rising number of skyscrapers across the world, the demand for bifold doors is expected to increase during the forecast period.
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Major Five Bifold Doors Companies:
AG Millworks operates its business through a unified segment. The company offers a wide range of zero corner bi-fold doors.
ANDERSEN Corp. operates its business through segments such as Windows and Doors. The company offers a wide range of bi-fold doors such as E-series, A-series, 400 series, and the 200 series.
Clear View Bi-folding Doors Ltd.
Clear View Bi-folding Doors Ltd. operates its business through a unified segment. The company offers a wide range of aluminum bi-folding doors.
JELD-WEN HOLDING Inc.
JELD-WEN HOLDING Inc. operates its business through segments such as North America, Europe, and Australasia. The company offers authentic wood interior doors, custom wood interior doors, tria composite C-series, tria composite L-series, tria composite R-series, flush wood composite interior doors, and molded wood composite interior doors.
LaCantina Doors Inc.
LaCantina Doors Inc. operates its business through a unified segment. The company offers aluminum, aluminum thermally controlled, aluminum wood, contemporary clad, wood, and vinyl doors.
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Bifold Doors Market End-user Outlook (Revenue, USD Billion, 2020-2024)
Bifold Doors Market Geography Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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