Dublin, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The "Patio Doors Market By Mechanism (Sliding, Hinged), By Door Type (Swing Doors, Sliding Doors, Folding Doors, Revolving Doors, Others), By Material (Wood, Aluminum, PVC): Global Opportunity Analysis and Industry Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
The global patio doors market, valued at $38 billion in 2022, is projected to witness significant growth and reach $59.3 billion by 2032, registering a robust CAGR of 4.6% from 2023 to 2032.
Patio doors, characterized by glass panels with frames made of materials such as aluminum, PVC, or wood, are designed to enhance the aesthetic appeal of homes while providing a seamless connection to outdoor spaces and allowing abundant natural light to enter the interior.
Several factors are contributing to the development of the global patio doors market, including the expansion of the construction industry, urbanization trends, and advancements in technology. Urbanization is a prominent driver, with reports indicating that approximately 54% of the global population resided in urban areas in 2014, a figure projected to rise to 66% by 2050. This trend is expected to boost the demand for patio doors as more urban dwellers seek to connect their living spaces with outdoor environments.
Moreover, the growing emphasis on improved living standards is driving demand for renovation and remodeling projects, further propelling the patio doors market. Concerns such as air and sound pollution, damage to biodiversity, and the formation of urban heat islands are also prompting a shift toward eco-friendly doors to mitigate ecological degradation.
Leading door manufacturers are responding to market demands by producing high-performance, energy-efficient doors to enhance sustainability. For example, the Automatic Door Company (ADC) in the UK specializes in high-quality automatic doors, including swing doors, folding doors, and sliding doors designed for various applications. These doors offer energy-saving benefits and can be controlled through motion sensors, proximity activation, or key fob access. The adoption of such advanced technologies is expected to drive the growth of the global patio doors market.
While fluctuating raw material prices pose a challenge to the industry, technological innovations, such as sensor-based systems, hold significant promise for creating lucrative opportunities for market players.
Key Market Segments:
- Mechanism: The market is segmented into sliding and hinged patio doors.
- Door Type: Segments include swing doors, sliding doors, folding doors, revolving doors, and others.
- Frame Material: Options include wood, aluminum, and PVC.
- Region: The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Market Players:
- Appalachian Garage Doors
- Jeld Wen
- Lynden Doors
- Masonite
- Sierra Doors
- Simpson Door
- Stallion Doors & Millwork
- Steves & Sons, Inc
- Sun Mountain
- Trustile Doors, LLC
Key Benefits for Stakeholders:
- Quantitative analysis of market segments and trends from 2022 to 2032.
- Identification of prevailing market opportunities.
- Assessment of key drivers, restraints, and opportunities.
- Porter's five forces analysis for informed decision-making.
- In-depth segmentation analysis for market insights.
- Benchmarking of major market players.
- Comprehensive analysis of regional and global trends, players, segments, and growth strategies.
The global patio doors market is on a trajectory of significant expansion, driven by urbanization, construction activity, and technological advancements. For a detailed analysis of the market, refer to the complete report.
Market Dynamics
Drivers
- Rapid Urbanization & Industrialization
- Surge in Residential & Non-Residential Construction
- Increase in Consumer Spending on Home Remodeling
Restraints
- High Initial Costs and Predictive Maintenance for Automatic Doors
- Fluctuating Raw Material Prices
Opportunities
- Technological Advancements to Ensure Safety & Security
For more information about this report visit https://www.researchandmarkets.com/r/sl90j0
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