Pune, India -- (SBWIRE) -- 12/06/2018 -- Market Synopsis:

Exterior doors are the focal point of any home. An exterior door is used as a gateway as well as a barrier and is invariably designed to look inviting and accessible. Exterior doors are made up of different types of material which include metal, plastic, glass, and composite depending on the end-user requirement. The global exterior doors market is constantly increasing and expected to register high growth over the forecast period. The availability and development of new and aesthetic designs and patterns in exterior doors are providing substantial growth opportunities for the market players. It is also creating exciting opportunities within the construction industry.

Globally, exterior doors have been witnessing robust growth over the last few years due to increasing disposable income and changing consumer preferences. Metals are one of the most widely used materials and they have become increasingly popular in developed and developing countries in the past few years. Moreover, increasing demand for folding and sliding doors is anticipated to boost the exterior doors market during the forecast period. Additionally, growth of exterior doors market is influenced by the increasing construction, renovation, and refurbishing activities. However, high cost of eco-friendly doors and fluctuating prices of raw material can hinder the growth of the exterior doors market. Whereas, design innovation and use of eco-friendly products could also provide an immense opportunity for the market growth.

Exterior doors market is expected to register a healthy CAGR due to focus on high-quality products, changing lifestyle and high purchasing power of consumers. Moreover, durability and strong aesthetic properties are also driving the global exterior doors market. The global market for exterior doors market is expected to grow at ~6% CAGR during the forecast period 2018–2023.

The exterior doors market is undergoing various changes with evolving customer expectations such as availability of doors in various sizes, quality, and aesthetic appearance. The market is segmented on the basis of type into panel doors, bypass doors, bifold doors, pocket doors, and others. Based on material, the market is segmented into wood, glass, metal, composite, and plastic. The market is also segmented on the basis of mechanism into swinging doors, sliding doors, folding doors, overhead doors, and others. Moreover, based on application, it is segmented into non-residential and residential. The global exterior doors market, by region, is segmented into four majors geographies including North America, Europe, Asia-Pacific, and the rest of the world. Geographically, Asia-Pacific is anticipated to be the fastest growing market for exterior doors during the forecast period.

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Scope of the Report

This study provides an overview of the global exterior doors market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global exterior doors market by its type, material, mechanism, application and region.

- By Type

o Panel Door
o Bypass Door
o Bifold Door
o Pocket Door
o Others

- By Material

o Wood
o Glass
o Metal
o Composite
o Plastic

- By Mechanism

o Swinging Door
o Sliding Door
o Folding Door
o Overhead Door
o Others

- By Application

o Non-Residential
o Residential

- By Region

o North America
o Asia-Pacific
o Europe
o Rest of the World

Key Players

? ASSA ABLOY
? JELD-WEN, Inc
? Marvin Windows and Doors
? PELLA CORPORATION
? Masonite
? Bayer Built Inc.
? Hörmann
? LIXIL Group Corporation.
? Yuanda China Holdings Limited
? Anderson Corporation

Market Research Analysis

The global exterior doors market is a dynamic one and is expected to witness high growth over the forecast period. The market for the exterior doors is driven by construction and renovation of hotels, restaurants, multiplexes, supermarkets, and residential spaces owing to the rising need to enhance their aesthetic appeal. Increasing government investment for infrastructural development, increase in public funding, and steady decline in the cost of building raw materials, are cumulatively expected to propel the growth of global exterior doors market. Asia-Pacific is expected to be the fastest growing segment by region. Of late, transformation of towns into cities and migration of the rural population to urban areas is expected to offer new investment opportunities for the manufacturers and new players in the global market during the forecast period. Population in the developing economies like India, China, and Brazil has changed their buying patterns which has resulted in the sale of high-quality exterior doors. Rising residential and non-residential construction activities, rapid urbanization, and growing middle-class population are equally potent factors responsible for the market growth during the forecast period. The rising construction market enable global players to introduce new products, expand to new regions, and develop new technologies to meet the ever-changing customer demand. The demand for exterior doors has been increasing in the Asia-Pacific region majorly due to a large consumer base, their changing lifestyle, and increasing purchasing power.

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