In its latest market research report published recently, Transparency Market Research, a U.S.-based market intelligence firm has presented a detailed account of a major segment of the global fenestration market – doors. The report is now available for sale on the company’s website.
The report states that a rise in construction activities around the globe, especially in developing economies, is the primary propellant demand for doors on a regional, national and a global basis. Such activities are, in turn, influenced by the demographic and economic growth in developing regions of the world. The rising trend towards nuclear families and a steady flow of population from rural to urban areas are giving rise to new construction projects, which directly impel the growth of the door market.
The report adds that the market for doors is influenced by technological innovations, costs of raw materials, legal and regulatory concerns and pricing patterns. There is a huge difference in building codes and practices adopted in different areas across the globe. Since doors have a decorative appeal along with their basic functional applications, customer preference for particular door types also play major role in deciding the demand of doors in commercial and residential markets.
According to the report, the global market for plastic doors will see the fastest growth rates among various material-based segments of the market such as plastic, wooden and metal doors. This growth is estimated to be driven largely by growing demands from China, Brazil and India. Plastic is hugely popular as an excellent material for doors due to its low cost, its insulating properties and low-maintenance requirements.
The report also estimates a growth in this market owing to a rise in demand for safety doors from various industries resulting from a rise in safety regulations against fire and security purposes by various government and private regulatory bodies looking for the well being of employees at workplace.
A rise in commercial construction projects in developing economies such as China and India are also expected to propel the growth of technologically and functionally advanced doors.
The report also analyses the door market according to the business potential and contribution of various geographical regions across the globe. According to the report, certain Asia Pacific economies such as India, Indonesia and China are estimated to gain substantial share of the market in the coming years owing to the rapid economic growth in these regions. Currently too, it is this region that leads the demand for doors, followed by North America and Europe.
A comprehensive section on the profiles of the market leaders of this industry is also included in the report, providing sharp insights into the current situation of competition in the market. The leading market players covered in the report include names such as Inteva Products LLC, Magna International Inc, Aisin Seiki Co., Ltd, Fauresia SA.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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