The commercial doors market size to reach USD 61 billion by 2025, growing at a CAGR of 3% during the forecast period. The global commercial doors market is majorly driven by the rise in commercial and residential construction activities. The commercial sector has witnessed a boost in the last few years due to the demographic shift in the consumer base. The rapid growth of real estate activities, especially in China, has further influenced the market. The increase in the global construction market and the growing industrialization is likely to contribute to the growth.
Commercial and residential buildings are expected to implement the latest infrastructure and technologies to improve security and aesthetics. The increasing demand for innovative systems and the integration of energy-efficient glazed door and windows is another factor influencing the growth. The growth in consumer spending is expected to drive the demand for high-tech access equipment such as ancillary and automatic systems.
- The existing commercial buildings are responsible for over 24% of greenhouse gas emissions and account for over 41% of the total primary electricity consumption.
- The global commercial doors market is expected to witness an incremental revenue of over $12 billion by 2025.
- The use of non-conventional raw materials and fixture techniques such as uPVC, multi-point locking mechanism, and hidden hinges is gaining traction.
COMMERCIAL DOORS MARKET SEGMENTATION
This research report includes a detailed segmentation by
INSIGHTS BY MATERIAL
Wooden doors products are likely to have the highest share in the global market. Increasing usage of high-quality local and imported woods in the vintage architecture is expected to drive the growth of the segment. The demand for wood used in both internal and external doors is high in China, Western Europe, the UAE, Saudi Arabi, and Nordic countries. These countries still lead the demand in the wooden windows and doors market.
Metal commercial doors market share is likely to increase due to the increased usage among end-users, which require safety and sturdiness. The rise in demand from consumers for renovation and retrofit projects will drive the demand.
INSIGHTS BY TYPE
Hinged door is the most preferred product, which contributed over $24 billion to the global commercial doors market in 2019. They can be made from a variety of raw materials such as timber, fiberglass, and aluminum. It offers high flexibility, which is increasing its application in the commercial and residential sectors.
The sliding door is expected to gain significant momentum during the forecast period as they are lightweight and easy to operate. Revolving models help in increasing energy efficiency as they regulate temperature and air pressure at the entrance.
INSIGHTS BY INSTALLATION
The commercial doors industry is expected to witness the fastest growth rate in the Asia Pacific and the Middle East. The rise in new industrial projects across the world and increased innovations in manufacturing have increased the replacement cycle. APAC is the largest growing market for the new construction segment. Increased stringency in building codes and regulations is driving growth.
Renovation and retrofit projects are the major end-users for the replacement doors. APAC and Europe lead the segment as a majority of the existing commercial building stock lacks energy-efficiency infrastructure. Energy-efficient pre-hung units are gaining popularity during the forecast period.
INSIGHTS BY OPERATIONS
Widespread installation of manual doors in offices and malls is the primary factor contributing to the growth of the segment. Manual ones are also expected to gain traction in developed economies as they offer better ventilation of air.
The automatic doors have applications in commercial spaces, hospitals, retail, and laboratories. Factors such as energy efficiency, operational ease, maintaining security, hygiene, and cable-free are expected to fuel the demand for this segment.
INSIGHTS BY END-USER
The hospitality industry is the major end-user segment. The rise of the hotel industry in the Middle East, North Africa, and the US is expected to influence the segment growth.
The demand in the corporate segment is driven by installations of new doors in office spaces and coworking spaces. Corporate office buildings are accounted for high power consumption. The US office space construction market grew by 3% in 2019, expected to reach 22 million square feet by 2020.
The high demand for glassdoor can be attributed to the building of new retail spaces and the rise in remodeling and retrofit activities among existing retail spaces. The retail segment is also a widespread user of the commercial glass door.
The market is expected to witness a high use of sliding ones in retail spaces. They occupy less space and provide large openings to manage the high rush of customers. Several industry players, such as ASSA ABLOY, are offering full entrance systems and solutions for retail storefront doors.
INSIGHTS BY GEOGRAPHY
The growth of the APAC market is likely to be driven by India, China, Australia, South Korea, and Japan. Robust economic growth and increasing disposable incomes, has primarily supported the growth in the region. The European market is driven by the growth of new commercial buildings, and renovations and retrofit activities. The shift from housing construction to public infrastructure is expected to drive the demand in Europe during the forecast period.
INSIGHTS BY VENDORS
The global commercial doors market share is highly fragmented with the presence of several door manufacturers. Vendors are focused on integrating high-efficiency doors in their portfolios, which enable consumers to improve thermal efficiencies in buildings.
Double and triple glazing on glass panels with enhanced insulating capabilities of the internal and external doors is expected to become an industry norm during the forecast period. Vendors are expected to pursue growth by acquisitions as there are numerous small-scale vendors.
The Commercial doors market research report includes in-depth coverage of the industry analysis with revenues & forecasts for the following segments:
Segmentation by Material
- New Construction
- Corporate Offices
- Retail Spaces
- Educational Institutes
- Latin America
- Middle East & Africa
- North America