Fiberglass Doors Market: High Need for Energy-Efficient and Eco-Friendly Fiberglass Doors

Fiberglass Doors Market was valued at USD 12.5 Billion in 2021, and is expected to reach USD 25.65 Billion by 2029, exhibiting a CAGR of 9.4 % during the forecast period (2022-2029) Fiberglass doors are commonly found in hotels and restaurants. The adoption of fiberglass doors is relatively moderate as compared to fiberboard and solid wood doors. However, this material is utilized as it gets impacted the least in the harshest environments as compared to other materials. Fiberglass doors can rarely be scratched, peeled or warped, and offer more of cold weather advantages thanks to its insulation properties. Fiberglass doors are suitable for residential and commercial buildings as they improve the aesthetic appeal and fulfil the architectural view for decoration. These doors also possess thermal insulation, waterproofing, and energy conservation properties, which are expected to boost the fiberglass doors market growth during the forecast period. These doors can resist different weather conditions, perform better, and last longer than wooden doors. In light of the high maintenance of the wooden doors and due to the easy chances for dent and scratches in steel doors, consumers are looking for more efficient and lower maintenance entry doors. This has given rise to the growth and instalment of highly durable fiberglass doors. They are one of the most preferred options, competing with steel and wooden doors in the market. Fiberglass doors are especially designed for entrances that provide unique safety and protection along with design features. Fiberglass is used especially for the strength and durability of the material. It also performs well in all climatic conditions and caters to all traditional and modern outlooks. This increases the demand for fiberglass doors, which further drives the growth of the fiberglass doors market during the forecast period.Fiberglass Doors MarketTo know about the Research Methodology :- Request Free Sample Report An average high-quality fiberglass entry door costs around $1,500 to $2,500 and installation charges could cost about $400 to $800. However, the cost varies depending on the manufacturer, type, style and glass options. It is made up of wood or composite sites, molded fiberglass skin, insulating foam core and wood or composite top with bottom rails. It has low maintenance and can be cleaned with mild soap and water. Most vendors offer warranty based on the type and design of the fiber door purchased. Doors are also preferred for internal purposes due to their insulating property. They also do not deteriorate with usage and are filled with a polyurethane foam insulation, which provides this feature, adding to the overall energy efficiency. They offer better insulation when compared with steel doors and can be also customized in terms of design. This increases the consumrer demand for fiberglass doors, which further creates growth opportunities for the fiberglass doors market during the forecast period. Some of the limitations in purchasing fiberglass doors are their high cost, which might not be suitable for many households. They are also not suitable for installing in old houses since they are manufactured with attached door frames, which require customization for installing in old homes. Fiberglass doors can be used for both residential and commercial purposes. Some of the major players in the fiberglass doors market include ProVia, Stanley Doors, Builder’s Choice, Masonite, and Milliken Millwork. The market is highly competitive where each player tends to get an edge over others in terms of quality and price. Since most middle-class economies in Asia Pacific are price-conscious, it will be a major deciding factor for conversion rates in these markets. Fiberglass Doors Market Drivers Surge in residential & non-residential construction The growth in the residential and commercial construction sector has positively impacted the market growth and is expected to further fuel the demand for doors. The Canadian construction industry output value in 2018 was $291.2 billion, which also includes renovations, home improvement, and remodeling of residential & commercial buildings. Besides, the global construction industry is expected to reach $8 trillion by 2030, driven by countries such as China, the U.S, and India. Hence, the construction industry is expected to represent a much bigger part of the global economy by 2030. In addition, the commercial construction sector reported a notable rise in the past years especially in developing economies such as Brazil and Eastern European countries. Asia-Pacific is expected to witness higher growth rate owing to an increase in spending in countries such as India and China, thereby driving the fiberglass doors market growth. Thus, the growing construction projects across different regions around the globe are expected to boost the global fiberglass door market growth. Rapid urbanization & industrialization By 2030, approximately 590 million people are projected to move to urban locations. In addition, over 50% of all urban growth is expected to take place in emerging economies such as Asia and Africa, during the next 20 years. Currently, more than 4 billion people all over the globe—over 50% of the worldwide inhabitants—live in cities, and this tendency is expected to continue. In addition, as more than four-fifths of the global GDP is produced in cities, urbanization can influence sustainable development if managed properly by increasing productivity, allowing innovation, and occurring of novel ideas. Hence, this trend is expected to continue to drive the fiberglass doors market growth. A rapid upsurge in the global population as a result of rising migration has led to rapid urbanization. This scenario is expected to boost the demand for fiberglass doors. A growth in demand for non-residential buildings is expected to continue to drive the global fiberglass doors market growth. Moreover, an increase in industrialization in economies, such as Asia-Pacific and LAMEA, is expected to drive the growth of the global fiberglass doors market. Increase in consumer spending on home remodelling Rise in consumer spending on home remodeling in developed economies, such as the U.S., has driven the fiberglass doors market growth. Strengthening of the economy and recovering house prices have led to increased spending by owners on home remodeling projects, which rose to $6 billion between 2011 and 2013. One of the driving factors of the fiberglass doors market is increased investment in interior and exterior design. Homeowners, office owners, and proprietors globally who require fiberglass doors hire interior designers to plan, design, and supervise the interiors of their construction projects. They have been focusing on renovating their houses and offices corresponding to their own functional needs, style preferences, and finances. In addition, the rise in consumer spending on home remodeling globally has driven the fiberglass doors market growth in recent years. Hence, an increase in expenditure on home remodeling, with a visible focus on replacements of doors, is expected to drive the fiberglass doors market growth. Fiberglass Doors MarketFiberglass Doors Market Restraints High cost of eco-friendly products Manufacturers in the fiberglass doors industry focus on producing energy-efficient doors. For example, these doors are designed to save energy, that facilitates cost-saving. A clear glass, low-emissivity (low-E) glass with a double pane is expected to reduce energy usage by up to 24% in cold climates, and by up to 18% during summers. However, replacement of one or two individual doors does not suffice the purpose, as other old conventional doors can affect the efficiency of its counterparts. Moreover, high replacement cost is expected to affect the spending trend of price-sensitive consumers. This factor is expected to hamper the penetration rate of energy-efficient fiberglass doors in developing economies. Fluctuating raw material prices Fiberglass doors are majorly made up from raw materials such as wood, glass, and others. From the past few years, the prices of raw materials have been fluctuating due to a range of economic and speculative aspects. Government-led stringent laws, tariffs, and regulations against deforestation, metals, and other materials used in doors have declined the revenues and profits of the manufacturers to a great extent. For example, in November 2017, the U.S. government levied a 20.83 tariff on softwood imports (such as spruce, pine, and fir) from Canada. This was done in order to attribute the decision to entitlements by the U.S. lumber manufacturers that their Canadian competitors, owing to Canadian government grants and subsidies, have an unfair pricing benefit that undermines competition. Hence, the unstable and rising prices of wood and other materials are expected to restrict the fiberglass doors industry growth during the forecast period.

Fiberglass Doors Market Segment Analysis

Based on application, exterior segment dominated the market in 2021 and is expected to hold the largest fiberglass doors market share during the forecast period. Exterior doors serve as the entry and exit point for buildings; thus, the global fiberglass doors market has an extensive application in the residential sector and non-residential sector. The installation of fiberglass doors with swinging & sliding mechanism during construction of buildings has helped builders to enhance the overall appearance of the building, driving the fiberglass doors market growth due to rise in demand from Asia-Pacific countries. Moreover, Asia-Pacific is estimated to exhibit the highest growth rate, due to increase in use of panel doors and sliding doors in infrastructure projects and housing & commercial buildings, especially in China and India. The Chinese government has adopted a growth support policy that emphasizes investment in infrastructure, fuelling construction expenditure in the region. South America is among the fastest growing construction spending markets after Asia-Pacific; hence, surge in investments in residential and non-residential construction projects are expected to drive the demand for exterior doors. The residential sector includes occupied or unoccupied, owned or rented, single-family or multifamily housing units, and other mobile homes. Rise in demand for residential buildings and increase in consumer expenditures on home improvement are expected to continue to drive the fiberglass doors market in developed regions. Increase in population, rise in disposable income, and rapid urbanization are expected to provide opportunities for growth in developing regions such as India. Over the last few years, residential construction has witnessed substantial growth due to increase in investments in North American, Asia-Pacific, and African countries. The North American residential construction is expected to grow at a significant rate over the forecast period, as builders attempt to cater to the demand for housing created in an effort to improve the employment outlook. Asia-Pacific has surpassed Europe, accounting for the largest residential construction market, and is expected to increase to 50% of the overall spending by 2022.

Fiberglass Doors MarketFiberglass Doors Market Regional Insights

Asia-Pacific is estimated to be a dominant market for fiberglass doors. Developing economies, such as China, India, and Indonesia, are expected to boost the fiberglass doors market growth due to increase in demand for residential construction. The construction market in Asia has witnessed a continuous shift toward markets possessing rapid growth rate such as China, India, and other Southeast Asian countries. Rise in population, rapid urbanization, and strong economic growth drive the construction sector in this region, fuelling the growth of the fiberglass doors market. Asia-Pacific was the highest contributor and is expected to grow at the highest CAGR during the forecast period. In Asia-Pacific, China generated the maximum revenue and is expected to grow at the highest rate. In 2017, buildings construction accounted for 64% of the total construction in China, with the commercial sector leading the market in terms of total sales in 2017. The country witnessed an upsurge in the urbanization rates and is estimated to have 221 cities with more than 1 million inhabitants by 2025. It is also expected to witness a relatively higher growth rate in its residential sector over the non-residential sector. Factors such as increase in population, rise in urbanization rates, and surge in disposable income drive the expenditure on home improvement, and are expected to provide growth opportunities for the fiberglass doors market. Increase in demand for fiberglass doors from the residential and non-residential sectors, due to growth in urbanization, drives the growth of fiberglass doors market. In addition, repairing and remodelling work in the developed countries propels the demand for fiberglass doors in Asia Pacific. China is one of the largest construction markets in Asia-Pacific, and its construction expenditure is expected to increase by 9% every year until 2020. Increase in demand for fiberglass doors from the residential and non-residential sectors, due to growth in urbanization, drives the growth of fiberglass doors market. In addition, repairing and remodelling work in the developed countries propels the demand for fiberglass doors in Asia-Pacific. China is one of the largest construction markets in Asia Pacific, and its construction expenditure is expected to increase by 9% every year until 2020.

Fiberglass Doors Market Scope: Inquiry Before Buying

Fiberglass Doors Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 12.5 Bn.
Forecast Period 2022 to 2029 CAGR: 9.4% Market Size in 2029: US $ 25.65 Bn.
Segments Covered: by Design • Solid Doors • Doors with Glass
by Application • Interior • Exterior
by Sales Channel • Online • Offline
by End-User • Residential • Non-residential
by Region • North America • Europe • Asia Pacific • Middle East & Africa • South America

Global Fiberglass Doors Market Key Players are:

• Assa Abloy AB • Bayer Built Inc. • ETO Doors Corp. • Jeld-Wen Holding, Inc • Kohltech • Masonite • Master Grain • Milgard Manufacturing LLC • Pella Corporation • PLASTPRO • Stanley Black & Decker Inc. • Steves & Sons • Taylor Entrance Systems • Therma-Tru Doors • Trinity Glass International Inc. • Fibertec • Glass Craft • Milliken Millwork • Feather River Door Company • Builder's Choice • JELD-WEN • ProVia • GlassCraft • Weather King Windows & Doors • Weather Shield Mfg. • Neuma Doors • Signature Door • Marvin Windows & Doors • Overhead Door Frequently Asked Questions: 1] What is the growth rate of the Global Fiberglass Doors Market? Ans. The Global Fiberglass Doors Market is growing at a significant rate of 9.4 during the forecast period. 2] Which region is expected to have the highest growth rate in the Global Fiberglass Doors Market? Ans. The Asia Pacific region is expected to hold the highest growth rate in the Fiberglass Doors Market during the forecast period. 3] What is the market size of the Global Fiberglass Doors Market by 2029? Ans. The market size of the Fiberglass Doors Market by 2029 is expected to reach USD 25.65 Bn. 4] What are the major key players of the Global Fiberglass Doors Market? Ans. The major key players of the Global Fiberglass Doors Market are Assa Abloy AB, Bayer Built Inc., ETO Doors Corp., Jeld-Wen Holding, Inc, Kohltech, Masonite, Master Grain, Milgard Manufacturing LLC, and Pella Corporation. 5] What factors are driving the growth of the Global Fiberglass Doors Market in 2021? Ans. Rapid urbanization and industrialization are the major factors expected to drive the Global Fiberglass Doors Market during the forecast period.
1. Global Fiberglass Doors Market Size: Research Methodology 2. Global Fiberglass Doors Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Fiberglass Doors Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Fiberglass Doors Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Fiberglass Doors Market Size Segmentation 4.1. Global Fiberglass Doors Market Size, by Design (2021-2029) • Solid Doors • Doors with Glass 4.2. Global Fiberglass Doors Market Size, by Application (2021-2029) • Interior • Exterior 4.3. Global Fiberglass Doors Market Size, by Sales Channel (2021-2029) • Online • Offline 4.4. Global Fiberglass Doors Market Size, by End-User (2021-2029) • Residential • Non-residential 5. North America Fiberglass Doors Market (2021-2029) 5.1. North America Fiberglass Doors Market Size, by Design (2021-2029) • Solid Doors • Doors with Glass 5.2. North America Fiberglass Doors Market Size, by Application (2021-2029) • Interior • Exterior 5.3. North America Fiberglass Doors Market Size, by Sales Channel (2021-2029) • Online • Offline 5.4. North America Fiberglass Doors Market Size, by End-User (2021-2029) • Residential • Non-residential 5.5. North America Fiberglass Doors Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Fiberglass Doors Market (2021-2029) 6.1. Europe Fiberglass Doors Market, by Design (2021-2029) 6.2. Europe Fiberglass Doors Market, by Application (2021-2029) 6.3. Europe Fiberglass Doors Market, by Sales Channel (2021-2029) 6.4. Europe Fiberglass Doors Market, by End-User (2021-2029) 6.5. Europe Fiberglass Doors Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Fiberglass Doors Market (2021-2029) 7.1. Asia Pacific Fiberglass Doors Market, by Design (2021-2029) 7.2. Asia Pacific Fiberglass Doors Market, by Application (2021-2029) 7.3. Asia Pacific Fiberglass Doors Market, by Sales Channel (2021-2029) 7.4. Asia Pacific Fiberglass Doors Market, by End-User (2021-2029) 7.5. Asia Pacific Fiberglass Doors Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Fiberglass Doors Market (2021-2029) 8.1. Middle East and Africa Fiberglass Doors Market, by Design (2021-2029) 8.2. Middle East and Africa Fiberglass Doors Market, by Application (2021-2029) 8.3. Middle East and Africa Fiberglass Doors Market, by Sales Channel (2021-2029) 8.4. Middle East and Africa Fiberglass Doors Market, by End-User (2021-2029) 8.5. Middle East and Africa Fiberglass Doors Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America Fiberglass Doors Market (2021-2029) 9.1. South America Fiberglass Doors Market, by Design (2021-2029) 9.2. South America Fiberglass Doors Market, by Application (2021-2029) 9.3. South America Fiberglass Doors Market, by Sales Channel (2021-2029) 9.4. South America Fiberglass Doors Market, by End-User (2021-2029) 9.5. South America Fiberglass Doors Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. Assa Abloy AB 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Bayer Built Inc. 10.3. ETO Doors Corp. 10.4. Jeld-Wen Holding, Inc 10.5. Kohltech 10.6. Masonite 10.7. Master Grain 10.8. Milgard Manufacturing LLC 10.9. Pella Corporation 10.10. PLASTPRO 10.11. Stanley Black & Decker Inc. 10.12. Steves & Sons 10.13. Taylor Entrance Systems 10.14. Therma-Tru Doors 10.15. Trinity Glass International Inc. 10.16. Fibertec 10.17. Glass Craft 10.18. Milliken Millwork 10.19. Feather River Door Company 10.20. Builder's Choice 10.21. JELD-WEN 10.22. ProVia 10.23. GlassCraft 10.24. Weather King Windows & Doors 10.25. Weather Shield Mfg. 10.26. Neuma Doors 10.27. Signature Door 10.28. Marvin Windows & Doors 10.29. Overhead Door

About This Report

Report ID 168370
Category Material & Chemical
Published Date Dec 2022
Updated Date
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