Bifold Doors Market Size, Share, Growth, and Industry Analysis, By Type (Wood, Aluminium, PVC, and Others), By Application (Residential, Non-Residential), and Regional Forecast To 2031

Bifold Doors Market Report Overview

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The global bifold doors market size was USD 9946 million in 2022 & the market is expected to reach USD 14413 million by 2031, exhibiting a CAGR of 4.2% during the forecast period 2022-2031. 

The COVID-19 pandemic has been unprecedented and staggering, with the bifold doors market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels.

Bifold doors, available in various types like wood, aluminium, PVC, and others, are folding doors designed to save space and provide an elegant appearance to both residential and non-residential buildings. These doors are popular for their versatility, allowing seamless connection between indoor and outdoor spaces, while also providing improved natural light and ventilation. Due to their practicality and aesthetics, the product has gained significant traction in recent years across the construction industry, leading to market growth and expansion.

The market is growing due to increasing demand in both residential and commercial applications. The housing sector's steady growth, coupled with a rise in renovation and remodeling activities, has driven the demand, especially for modern and contemporary architectural designs. Additionally, the focus on energy-efficient buildings has encouraged the adoption of the product for their ability to enhance natural light and reduce energy consumption. Commercial establishments such as hotels, restaurants, and offices also prefer bifold doors to create an inviting ambiance and seamless integration with outdoor spaces.

COVID-19 Impact: Surge in Demand Due to Increased Emphasis on Home Improvement Projects

The COVID-19 pandemic had a mixed impact on the market. Initially, the market faced disruptions in supply chains due to factory closures and transportation restrictions. However, as people spent more time at home during lockdowns, there was an increased emphasis on home improvement projects, leading to a surge in demand for the product. Additionally, the growing trend of home offices and outdoor living spaces fueled the adoption of the product, compensating for the initial setbacks caused by the pandemic.

Latest Trends

"Integration of Automated and Remote Control Functions to Innovate the Product"

The integration of smart technologies into bifold doors has witnessed a significant rise in popularity. With the advent of advanced technology, smart bifold doors now offer automated opening and closing functions, providing enhanced convenience and ease of use for homeowners. These doors can be seamlessly controlled through various smart devices, enabling remote operation and management. The ability to remotely control the product appeals to modern homeowners who prioritize convenience and connectivity. Whether it's adjusting the door position from afar or scheduling automatic opening and closing times, smart bifold doors offer a seamless and futuristic solution for enhancing the living experience.

Homeowners are increasingly opting for this smart version due to its practicality and user-friendly features. The automated functionality eliminates the need for manual effort in opening and closing the doors, making them particularly appealing for individuals with mobility challenges or those seeking a more effortless way of accessing outdoor spaces. Moreover, the integration of smart technologies allows for seamless synchronization with other home automation systems, enabling homeowners to create a connected and intelligent living environment.

Beyond convenience, the inclusion of smart technologies in the product also enhances home security. With built-in security features and remote monitoring capabilities, homeowners can have peace of mind knowing that their property is protected. Smart bi-fold doors can send real-time notifications to homeowners' devices, alerting them to any unusual activities or attempted break-ins. This heightened security aspect adds another layer of appeal, making them a sought-after choice for safety-conscious homeowners.

Bifold Doors Market Segmentation

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•  By Type Analysis

According to type, the market can be segmented into wood, aluminium, PVC, and others.

Among these, aluminium hold the largest market share due to its durability, lightweight nature, and resistance to corrosion. Aluminium bi-fold doors are widely used in both residential and non-residential applications, making them the dominant segment in the market.

• By Application Analysis

Based on application, the market can be divided into residential and non-residential segments.

The residential application segment accounts for the largest share of the market. The increasing number of housing projects and the trend toward open living spaces have driven demand in the residential sector.

Driving Factors

"Global Real Estate Growth and Urbanization Trends Shaping the Market"

The global real estate sector's growth, especially in emerging economies, has positively impacted the market. Rapid urbanization, population growth, and rising disposable incomes have fueled the demand for modern and aesthetically appealing housing, driving the adoption of the product.

The urbanization trend, coupled with the population surge, has led to a surge in housing development projects, both in the residential and commercial sectors. The product perfectly aligns with this demand, as it effortlessly transforms living areas, balconies, and patios, bringing the outside environment closer to the indoors. Moreover, the growing awareness of energy-efficient and sustainable building practices has boosted the market's expansion, as the product optimizes natural light and ventilation, contributing to reduced energy consumption.

"Green Building Initiatives to Enhance Market Growth"

As environmental consciousness continues to rise, green building initiatives have become a significant driving force behind the growing demand. Builders, architects, and homeowners are increasingly prioritizing sustainable construction practices and energy-efficient solutions. The product, with its ability to optimize natural light and ventilation, aligns perfectly with these green building principles. Their capacity to enhance indoor-outdoor connectivity while minimizing the need for artificial lighting and climate control contributes to reduced energy consumption and a smaller carbon footprint. As more construction projects seek eco-friendly certifications and energy-efficient building standards, the market is poised to benefit significantly from this increasing focus on sustainability.

Restraining Factors

"Extreme Climate Conditions Limit the Application of the Product"

One significant restraining factor affecting the market is its limited application in extreme climates. While the product offers numerous benefits in moderate and temperate regions, it may not be as suitable for areas experiencing extreme weather conditions. In regions with harsh winters or scorching summers, bifold doors may pose challenges related to insulation, thermal efficiency, and durability.

In freezing climates, the product may allow heat to escape, leading to energy inefficiency and higher heating costs. The multiple panels and gaps in the door's design could potentially create areas of poor insulation, leading to drafts and cold spots inside the building. Moreover, in areas with heavy snowfall, the accumulation of snow and ice around the door's tracks and hinges can impede the smooth operation of the bifold system, causing difficulties in opening and closing the doors.

Bifold Doors Market Regional Insights

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"Asia Pacific Leads Due to the Region’s Burgeoning Construction Industries"

Asia Pacific is the leading region in the global market. The region's burgeoning construction industry, rapid urbanization, and increasing disposable income have driven the demand for bifold doors in residential and commercial projects. Additionally, the growing trend of integrating indoor and outdoor spaces in modern architectural designs has further boosted the adoption of the product in the region.

North America follows Asia Pacific in market share. The region's focus on energy-efficient buildings, sustainable construction practices, and the rising trend of home improvement projects have supported the growth of the market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP BIFOLD DOORS COMPANIES

• Andersen (U.S.)
• JELD-WEN (U.S.)
• Pella (U.S.)
• YKK (Japan)
• Ply Gem (U.S.)
• The Folding Sliding Door Company (U.K.)
• NanaWall (U.S.)
• TWR Bifolds (U.K.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.