Exterior Doors Market: Global Industry Analysis and Forecast (2023-2029)

Exterior Doors Market size was valued at US$ 100.33 Bn. in 2022. Wooden, one of the segments reviewed in our report dominated the Exterior Doors Market.
Exterior Doors Market Overview:
Exterior doors are also branded as front doors, offering a variety of features such as energy efficiency, cost savings, and durability. The exterior door acts as both a gate and a barrier and is always designed to be attractive and accessible. A variety of materials are used to provide innovative and interesting designs that change the visual appeal of the building. Exterior doors are the main focus for residential applications. It is also suitable for commercial use due to its high dimensional stability, durability, and fire resistance. Exterior doors include panel doors, bypass doors, bifold doors, pocket doors, and others.

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Exterior Doors Market Dynamics:
The door market has seen many changes and advances in terms of technology and applications. The materials used to make eco-friendly doors are relatively more expensive than traditional doors such as B. PVC doors. For example, the US Green Building Council has developed Leadership in Energy and Environmental Design (LEED). This is a building certification system that identifies and addresses energy savings, carbon dioxide emissions reductions, global warming mitigation, and indoor climate quality improvements. The introduction of such standards will increase the demand for energy-efficient doors and increase installation and maintenance costs. These factors are driving the demand for the exterior door in the market.

New housing and non-residential construction, as well as rising home remodeling costs, are driving the demand of the market. Increasing demand for sliding and revolving doors around the globe is expected to drive the market for external doors through the forecast period.

Rapid economic development, rising disposable income, and growth in the tourism industry are driving demand for exterior doors that enhance the aesthetic appeal of hotels, restaurants, multiplexes, supermarkets, and more. These factors are driving the demand for the product in the market and rapidly increasing the market growth.

Increased public funding, increased government investment in infrastructure development, and a steady decline in building material costs are expected to boost the market. Technological advances are growing consumer tendency towards advanced products. These factors are expected to drive the growth of the market through the forecast period.

Community development and management subsidies, primarily for residential are expected to boost the market. Manufacturers are profitable and are focused on building new homes. Increasing demand for energy-efficient products, especially for new uptown projects. Increasing disposable income in developing countries such as China and India and consumers is a driving force for construction and repair activities. These factors are expected to expand the market for exterior doors.

The door industry relies heavily on raw materials for production and processing. Changes in prices for these raw materials such as plastics, wood, metals, and glass will have a negative impact on the growth of the door market. The production of plastics and metals is heavily dependent on the oil and gas industry. Fluctuations in oil and gas prices affect the prices of plastics, metals, and glass, increasing raw material costs and impacting the door market. These factors are restraining the market growth of the market.

Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2018 to 2022 with market forecast until 2029.
Exterior Doors Market Segment Analysis:
By Material, the wooden segment dominated the market with a 32 % share in 2022. The wooden door is beautiful to look at aesthetically. However, it has low thermal efficiency, is expensive, absorbs moisture, and is prone to putrefaction, resulting in high maintenance costs. Rugged heartwood doors are widely used in home doors to prevent unwanted noise and ensure proper security. These factors are driving the market growth of the segment.

The metal segment is expected to grow at a CAGR of 9 % through the forecast period. Aluminium doors are used in the manufacture of garage doors and roller shutters due to their durability, affordability, and lightweight. Steel is used in barbecue manufacturing and in rooms where high security is required due to its high strength. Metal doors provide fire and impact resistance, adding strength to the entire structure. Development of products with weatherproof doors with improved heat insulation and excellent durability. The combination of corrosion resistance and excellent aesthetics of these products. These factors are expected to drive the growth of the segment in the exterior doors market through the forecast period.

By Mechanism, Swinging door dominated the market with a 42% share in 2022. These are more cost-effective and require lesser maintenance as compared to other segments. These are among the most prominent types of doors installed around the world and are easy to fit. High acceptance from residential & commercial buildings is increasing rapidly. These factors are driving the market growth of the segment.

Sliding doors are expected to grow at a CAGR of 3.6 % through the forecast period. Sliding doors are easy to use, space saver, and installation is not too complicated. The demand of this segment is growing in space-efficient residential and commercial projects due to its usefulness in compact spaces in homes. These factors are expected to drive the market growth of the segment through the forecast period.

By Application, The residential dominated the market in 2022 with a 63 % share. The expansion of housing construction with government subsidies is driving the demand. Renovations and repairs in residential are growing rapidly growth and contributing to market demand. The availability of adaptation to customer requirements is also increasing the demand of the industry. Manufacturers in developing regions are primarily focused on new buildings as new home construction creates higher profitability. These factors are driving the market growth of the segment.

The commercial segment is expected to grow at a CAGR of 3.3% through the forecast period. Increasing demand for energy-efficient products, especially in commercial construction is expected to drive the market. Market participants in the construction sector are focused on providing improved products for construction activities through the development of factories, dams, offices, and more. Demand for green buildings is increasing due to various regulations in some regions that regulate sustainable energy-efficient use of materials for commercial buildings. These factors are expected to drive market growth through the forecast period.
Regional Insights:
The Asia Pacific dominated the market with a 40 % share in 2022. The region's growth is driven by an increase in construction projects to meet industrial needs such as airports, dams, and hydropower projects majorly from china. The large populations of China and India, as well as the development of the construction sector, are responsible for the growth of the region. Government spending to improve the infrastructure of these developing countries continues. These factors are driving the market growth of exterior doors in this region.

The North American region is expected to grow at a CAGR of 5.1 % through the forecast period. Rising disposable income, an increasing number of residential and commercial projects, rapid surge in house renovation, etc. are the factors expected to drive the exterior door market through the forecast period.

The objective of the report is to present a comprehensive analysis of the Exterior Doors market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Exterior Doors market dynamics, structure by analyzing the market segments and projecting the Exterior Doors market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Exterior Doors market make the report investor’s guide.
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Exterior Doors Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 100.33 Bn.


Forecast Period 2023 to 2029 CAGR:
7%
Market Size in 2029:
US $ 161.11 Bn.


 Segments Covered:
by Material
Wood
Metal
Glass
Others


by Mechanism
Sliding
Swinging
Folding
Others


by Application
Residential
Commercial



Exterior Doors Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players
1. ASSA ABLOY AB
2. JELD-WEN Holding Inc.
3. Marvin Doors & Windows Inc.
4. Pella Corporation
5. Masonite
6. Atrium Corporation
7. Bayer Built Inc.
8. ETO Doors
9. JS Doors Manufacturer PTE Ltd
10. Fortune Brands Home & Security Inc.
11. VKR
12. Anderson Corporation
13. YKK Corporation
14. JELD-WEN Holding Inc.
15. ETO Doors
16. Sanwa Holdings Corporation
17. Simpson Investment Company Inc.
18. The Millwork Market
19. Otto Fuchs KG
20. Hormann KG Verkaufsgesellschaft
21. Pella Corporation
22. LIXIL Group Corporation
23. Masonite
24. Yuanda China Holdings Limited
25. LG Electronics Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Exterior Doors Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Exterior Doors Market?
Ans: The Global Exterior Doors Market is growing at a CAGR of 7% during forecasting period 2023-2029.

3. What is scope of the Global Exterior Doors Market report?
Ans: Global Exterior Doors Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Exterior Doors Market?
Ans: The important key players in the Global Exterior Doors Market are ETO Doors, Sanwa Holdings Corporation, Simpson Investment Company Inc., The Millwork Market, Otto Fuchs KG, Hormann KG Verkaufsgesellschaft, Pella Corporation, LIXIL Group Corporation, Masonite, Yuanda China Holdings Limited, and LG Electronics Inc.

5. What is the study period of this Market?
Ans: The Global Exterior Doors Market is studied from 2022 to 2029.