RESIDENTIAL INTERIOR DOOR MARKET REPORT OVERVIEW
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The global residential interior door market size was USD 12.920 billion in 2021 and the market is projected to touch USD 18.380 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 5.1% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with residential interior door experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Residential interior door is used in residential areas such as living room, bedroom, and bathroom. It is a covered interior door. They are available in different shapes, sizes, and colors.
Increasing demand for an interior door from the residential sector is estimated to surge market growth. Rapid expansion of household furnishing is projected to drive market progress. Growth in the real estate sector is anticipated to accelerate market expansion. Increasing construction activities is predicted to stimulate market development in the coming years. High demand for aesthetic design and growing demand for interior designs is responsible for accelerating market expansion. Rapid urbanization is estimated to fuel market growth. Increasing demand for the product among millennials is predicted to surge market expansion. However, high installation costs and high investment is expected to restrict market growth. Along with this, interior door services are anticipated to hamper market growth during the forecast period.
COVID-19 Impact: Reduced Interior Works and Protecting Staff to Affect Market Progress
The rapid spread of Coronavirus across various countries impacted lives and businesses. An outbreak of COVID-19 halted production activities. The shutdown of construction activities reduced product adoption: Lockdown restriction and social distance protocols and reduced tourism and interior works. Closure of showrooms and unavailability of workers during the pandemic minimized market growth. High demand for staff health safety affected operation activities. Lack of supply networks is responsible to hamper market growth.
However, post-pandemic is anticipated to expand market growth due to the reopening of manufacturing units. Growing construction activities and a reopening of interior stores are expected to recover market growth.
LATEST TRENDS
"Growing Construction Activities to Fuel Market Growth "
Increasing construction activities in the worldwide is anticipated to expand market growth. Rapid urbanization is estimated to surge market progress. Increasing investment in renovation and remodeling is predicted to fuel market development. Growing demand for interior design among the population is projected to drive market growth. High standard of living and growing disposable income is estimated to expand market growth. High demand for French and Dutch design doors in residential sector is anticipated to accelerate marker progress. Technological advancement in the fiberglass and other materials is responsible to fuel residential interior door market growth in the coming years.
RESIDENTIAL INTERIOR DOOR MARKET SEGMENTATION
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- By Type
Based on type, the market is divided into residential interior door, glass interior door, composite interior door, and others.
Residential interior door is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into bedroom and living room, bathroom, and others.
Bedroom and living room is expected to be the leading part of application segmentation.
DRIVING FACTORS
"Rapid Expansion in the Household Furniture Sector to Stimulate Market Progress"
Increasing demand for renovation activities is predicted to surge market expansion. High demand for aesthetic and security doors in a household is estimated to fuel market growth. High demand for interior doors among interior designer’s is expected to boost market growth. The door functions as a separation between rooms in the house. It is extensively used in living room, bedroom, and bathroom. Such broad use of the product in residential sector is anticipated to surge market growth. High investment by major players to develop new aesthetic doors is predicted to expand market growth. Rapid consumer demand for sliding, swigging, revolving, and folding doors is projected to boost residential interior door market performance.
"Inclination towards Eco-Friendly Interior Doors to Expand Market Performance"
Increasing inclination toward eco-friendly doors is anticipated to expand market growth. High penetration of recyclable and reusable raw materials is predicted to fuel market growth. Liberal regulatory standards for using energy-efficient and durable disc doors are projected to drive product demand. Further, a thriving industrial sector is anticipated to fuel market growth. Profitable market opportunities and demand from construction activities are expected to surge in market growth in the coming years. Increasing demand for the product among millennials is predicted to surge market expansion. High adoption of e-commerce for sales of interior door products is anticipated to accelerate market growth. E-commerce provides a great platform to sell products. Easy availability of products and a different range of products according to customer preference are expected to aid the growth of the residential interior door market.
RESTRAINING FACTORS
"High Installation Costs and High Investment to Restrict Market Progress"
High installation costs and high investment in the product are expected to hamper residential interior door market growth. Further, continuous servicing and maintenance are anticipated to hinder market growth during the forecast period.
RESIDENTIAL INTERIOR DOOR MARKET REGIONAL INSIGHTS
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"Increase Disposable Income in Asia Pacific to Magnify Market Share "
Asia-Pacific is estimated to hold the largest residential interior door market share due to increase disposable income. Growing need for interior door from the residential sector is estimated to surge market growth. Rapid expansion of household furnishing is projected to drive market progress. Growth in the real estate sector is anticipated to accelerate market expansion. Increasing construction activities is predicted to stimulate market development in the coming years. High demand for aesthetic design and growing interior design demand is responsible for accelerating market expansion. Rapid urbanization is estimated to fuel market growth. Increasing millennial population in the region is anticipated to surge market growth.
Europe is projected to boost significant market progress due to increasing demand for construction activities. High need for improved lifestyle and growing demand for construction infrastructure is predicted to surge market growth. Technological advancement in fiberglass and other materials is responsible for fueling market growth in the coming years.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Masonite (U.S.)
- JELD Wen (U.S.)
- Sandor (Malaysia)
- Gianni Panel (Malaysia)
- Stanford Door (Malaysia)
- Door World (Malaysia)
- Golden Aero (Malaysia)
- Hormann (Germany)
- P C Henderson (U.K.)
- Andersen (U.S.)
- Reliance Home (India)
- Cr Laurence (U.S.)
- Ashworth (U.K.)
- COMEDGE BMT (Malaysia)
- Hillaldam Coburn Sliding Doors (U.K.)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 12.92 Billion in 2021 |
Market Size Value By |
US$ 18.38 Billion by 2028 |
Growth Rate |
CAGR of 5.1% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the residential interior door market expected to touch by 2028?
The global residential interior door market is expected to reach USD18.380 billion by 2028.
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What CAGR is the residential interior door market expected to exhibit by 2028?
The residential interior door market is expected to exhibit a CAGR of 5.1% by 2028.
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Which are the driving factors of the residential interior door market?
Drivers of this residential interior door market are rapid expansion in the household furniture and inclination towards eco-friendly interior doors.
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Which are the top companies operating in the residential interior door market?
Masonite, JELD Wen, Sandor, Gianni Panel, Stanford Door, Door World, Golden Aero, Hormann, P C Henderson, Andersen, Reliance Home, Cr Laurence, Ashworth, COMEDGE BMT, and Hillaldam Coburn Sliding Doors.
