The global door furniture market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rapid urbanization, increased residential and non-residential activities, the growing middle-class population. In addition, changing interior decor preferences of customers and changing lifestyles are some factors for the rising interest in luxury living, which in turn, is propelling the growth of the global door furniture market during the forecast period. Furthermore, expensive interior decor and advancements in security systems lead people to spend a higher proportion of their income on designer housing, including doors, and key players in the industry have focused on the development of highly elegant and durable interior doors. These factors are further boosting the growth of the global door furniture market. Moreover, increasing construction of residential infrastructure, growing replacement of aging infrastructure, and growth in commercial infrastructure are some factors accelerating the growth of the market.
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Some major players in the market include Assa Abloy AB, Andersen Corp., and dormakaba Group, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in October 2020, Assa Abloy announced the acquisition of Olimpia Hardware (Costa Rica) which supported the company to increase its distribution network in Latin America. Further, in August 2020, Assa Abloy announced the acquisition of a majority stake in Agta Record (a manufacturer of automatic door systems, globally), with approximately 93% of the share capital and voting rights which support the company to expand its doors product portfolio and increase its presence in Europe region.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material
- By Product Type
- By Application
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Assa Abloy, Andersen Corp., Droma Kaba, Jeld-Wen, Inc., Fancy Doors & Mouldings, MI Windows and Doors, LLC, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Door Furniture Market is available at: https://orionmarketreports.com/door-furniture-market/110997/
Global Door Furniture Market Report by Segment
By Material
- Wood
- Glass
- Metal
- Composite
- Plastic
By Product Type
- Interior Doors
- Exterior Doors
By Application
- Non-Residential
- Residential
By Sales Channel
- Hypermarkets and Supermarkets
- Specialty Stores
- Multi Brands Store
- Online Stores
- Others
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