Global Door Systems Market 2017-2021
About Door Systems
The door systems market includes the doors, door frames, opening/closing, and locking solutions sold as a whole to the consumers. The global door systems market can be segmented broadly based on the primary material used in the manufacturing of the door: Wood, Metal, and Plastic and others. The global door systems market includes all the doors, embedded locks and systems, and closing and opening mechanisms sold with the door assemblies.
Technavio’s analysts forecast the global door systems market to grow at a CAGR of 6.38% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global door systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Door Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global door systems market: ASSA ABLOY, ANDERSEN, JELD-WEN, Masonite, PELLA, and YKK AP.
Other Prominent Vendors in the market are: Allegion, Associated Materials, Atrium Windows & Doors, Dormakaba, Fortune Brands Home & Security, Hörmann, Marvin Windows and Doors, Masco, Metaflex, MI Windows and Doors, PGT, Ply Gem, REHAU, Türelemente Borne, and Vicaima.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing preference for energy efficient doors and windows. The rising consumer awareness toward energy efficiency and environmental concerns is driving the demand for energy efficient doors and windows. These energy efficient door systems help in isolating the home and building interiors from the external environment, thus preventing undesirable ventilation and contributing to energy and cost savings.”
According to the report, one driver in the market is growth in the global construction industry. Globally, the residential and commercial building construction has been on the rise during past five years and even witnessed an accelerating momentum during this period. The demand for new houses and commercial spaces has been steadily growing in several countries. The increase in new construction and investment in infrastructure activities is the major direct driver of the global door systems market. The global construction industry took a severe hit due to the economic recession in 2008, especially in developed economies such as the US, which accounts for a sizable chunk of the global construction value.
Further, the report states that one challenge in the market is rising cost of door systems. A major challenge for the global door systems manufacturers is the rising cost of door manufacturing, which is having a negative impact on the vendor's margins and is likely to impact the door market growth as well. This rise in cost is a direct result of the increase in operating expenses due to the shortage of skilled labor and rising cost of materials. The demand for labor leads to the hiring of subcontractors for manufacturing jobs, which costs more than directly hiring employees.
ASSA ABLOY, ANDERSEN, JELD-WEN, Masonite, PELLA, YKK AP, Allegion, Associated Materials, Atrium Windows & Doors, Dormakaba, Fortune Brands Home & Security, Hörmann, Marvin Windows and Doors, Masco, Metaflex, MI Windows and Doors, PGT, Ply Gem, REHAU, Türelemente Borne, and Vicaima.