Europe Garage Doors Market - Industry Outlook & Forecast 2024-2029

MARKET OVERVIEW

The Europe garage doors market was valued at USD 2.58 billion in 2023 and is expected to reach USD 3.33 billion by 2029, growing at a CAGR of 4.33% during the forecast period. The growth in home automation systems demand, construction of new residential and commercial buildings, and the increase in disposable incomes of people drive the market growth. In Europe, there is a huge demand for garage doors with multiple glazed options and variants that promise high thermal efficiency by eliminating heat loss through garage doors of buildings. Innovative garage doors can support this target by reducing the energy consumed for space heating to meet the energy directives for efficient construction structures. Furthermore, aesthetically appealing garage doors seamlessly integrate into the building structure or envelope.

The Europe garage doors market shipments are expected to reach 3.38 million units by 2029. The region is one of the leading markets in the installation of garage doors in new builds and growth in demand for garage doors in renovation and retrofit projects. As the current building stock of Europe is energy inefficient, residential dwellings, institutions, and industries in the region are increasingly adopting eco-friendly or green technologies to reduce the risk of environmental pollution and carbon footprint from buildings. Furthermore, the growth of the regional residential sector will also fuel the Europe garage doors market growth. The rise in the construction of new residential properties will propel the demand for new garage doors, which, in turn, will boost the replacement of old doors and their thresholds and frames. This will further propel the demand for multi-glazed garage doors as they are among the latest trends in the market.

MARKET TRENDS & DRIVERS

Rising Shift Towards Eco-Friendly Garage Doors
Generally, garage doors are made from color bond steel; however, modern consumers are increasingly exploring alternative materials to enhance the aesthetics and functionality of their homes. This shift is driven by a desire for new features and improved visual appeal. With growing awareness of environmental concerns and an emphasis on sustainability, homeowners are now actively exploring eco-friendly options for their garage doors. This trend includes a strong preference for recyclable and renewable materials. Also, there is a significant focus on energy efficiency and low-maintenance door solutions. Hence, the European garage doors market is experiencing a rising acceptance of diverse materials to cater to these evolving preferences.

Technological Advancements
The market is witnessing a growth of technological advancements in the region. For instance, homeowners seeking safety, convenience, and energy efficiency can now easily access their garages through smartphone apps. These applications can be installed on multiple devices, ensuring that your garage door is controllable from anywhere. In addition, this feature grants access to a family member locked out of the house and provides a secure means to receive home deliveries.

Rising Housing Investments
Europe is known for its innovation in the industrial and consumer markets. Many large players in the Europe garage doors market are also based there. One of the major reasons for the high adoption of new and innovative garage doors among European households is the rising per capita disposable income. The improving economy in many European countries has increased the disposable income among the population. Besides macroeconomic indicators that have affected the customer base by making them more price-sensitive, European regulations continue to become more stringent. Such factors, in turn, push stakeholders in the housing sector, including new constructions and renovations, to adapt to the regulatory aspects of the market and comply with stringent regulations that require high investment in product development.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT TYPE
The Europe garage doors market by product type can be segmented into sectional, roller, up and over, side hinged, and side sliding. The sectional product segment held the most significant market share in 2023. The sectional garage doors offer smoother operations than a traditional up-and-over door. Sectional doors can be either electrically or manually operated and provide secure operations with an anti-entrapment design between the sections to avoid finger trapping. Also, the sectional product segment is projected to witness the highest segmental growth rate in the European market. The demand for sectional garage doors is rapidly increasing in Europe as it is one of the most prevalent choices for garage doors. Due to their construction, these doors are known as sectional garage doors and are made of separate sections that open vertically.

INSIGHTS BY MATERIAL
The European garage doors market by material can be segmented as metal, wood, fiberglass, and others. The metal segment holds a dominant position in the market. Metal in garage doors primarily refers to aluminum and steel. Aluminum garage doors are the ideal choice since they are lighter than steel and iron and have a higher recycling rate. It is also easier to be used as a composite material with wood as a wood-aluminum composite to manufacture garage doors and cater to affluent customers. Aluminum is naturally resistant to corrosion and rust and offers reasonable durability and strength. It is easy to design and emboss, providing various options for garage doors. Furthermore, steel garage doors are made of tough, real gauge steel and galvanized in zinc to protect against rusting. Steel garage doors can be single, double, and triple-layered. The single-layer garage doors are uninsulated, while the triple-layer garage doors are well-insulated and the most robust.

INSIGHTS BY OPERATION
The manual operation segment holds a prominent share of the Europe garage doors market; however, the automatic operation segment is projected to witness the fastest segmental growth rate during the forecast period. Automatic units are applied in various places, such as luxury residential housing, commercial spaces, etc. Factors such as energy-saving, ease of operation, maintaining security, fast and accurate, cable-free, and others fuel the demand for these doors. Heavy investments by the government in construction and the growth in residential, commercial, and business sectors create future opportunities for automatic garage doors.

INSIGHTS BY END-USER
The residential end-user segment dominated the Europe garage doors market in 2023 and is anticipated to maintain its dominance during the forecast period. The growth can be attributed to the residential segment witnessing growth in new constructions and renovations across Europe. The commercial sector is also likely to grow but will still lag behind the residential segment during the forecast period. Moreover, in terms of new constructions in the residential segment, the demand is currently driven by new government-funded housing projects, especially due to the rising immigrant population.

REGIONAL ANALYSIS

The U.K. held the most prominent European garage doors market revenue share in 2023. The growth in the construction of new buildings and rising renovation activities will bode well for the overall garage doors in the U.K. Thus, the increasing demand for new and innovative garage doors, particularly with higher thermal efficiency, is expected to drive vendor revenue. Also, Germany holds a significant position in Europe's garage doors market; factors such as low interest rates, a rising population, and job security are supporting the country's construction growth, which, in turn, is expected to drive the market for new builds and replacement activities. Furthermore, Italy has been one of the leading global photovoltaic (PV) markets. Government policies that align with the EU directives to meet renewable energy goals support the rising number of solar energy installations. The government offers several incentives and subsidies for PV installations in Italy. Reducing taxes on residential buildings has been the country's leading driver for adopting photovoltaic garage doors since 2012.

VENDOR LANDSCAPE

The Europe garage doors market is characterized by high inorganic growth, especially in the heat pump market, as the competition is intense. Furthermore, market players should focus on meeting all regulations and developing energy-efficient equipment, which is expected to have long-term benefits and enable vendors to compete strongly. Further, a few of the major players are currently dominating the industry in terms of market share. Hörmann, Teckentrup, Novoferm, Garador, and other companies currently dominating the European garage doors market. Teckentrup, a prominent company in the Europe garage doors market, offers a range of garage doors, steel doors, and industrial doors and is a Europe-based company founded in 1932. Teckentrup's comprehensive product range is exclusively manufactured at its production facilities and distributed from a single source. Also, vendors should focus on product portfolio growth and geographical coverage. Maturing markets in developed economies may create a state of stagnation or even result in a decline in revenue.