Allied Market Research recently published a report, titled, “Interior Doors Market by Door Type (Panel Door, Bypass Door, Bifold Door, Pocket Door, and Others), Material (Wood, Metal, Glass, Fiberboard, Fiberglass, Vinyl, and Others), Mechanism (Swinging, Sliding, Folding, Revolving, and Others), and End User (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2018–2025”. The report provides detailed analyses of the top investment pockets, industry dynamics, market size & estimations, key strategic moves, and competitive landscape. According to the report, the global interior doors market accounted for $52.61 billion in 2017 and is projected to reach $85.41 billion by 2025, registering a CAGR of 6.3% from 2018 to 2025.
Growth in real estate industry and increase in urbanization have boosted the growth of the global interior door market. However, high cost of eco-friendly products hinders the market growth. On the contrary, increase in demand energy-efficient interior doors is expected to create lucrative opportunities for the market players in the near future.
Panel doors segment holds the lion’s share through 2025
The panel doors segment held the largest market share, contributing about 65% share in 2017, owing to rise in demand for panel doors as they are weatherproof compared to other types of doors and need minimum maintenance. However, the bypass doors segment is expected to manifest the fastest CAGR of 7.3% during the study period. The report also includes analysis of pocket doors, bifold doors, and others.
Fiberboard to witness fastest growth by 2025
The fiberboard segment is projected to manifest the fastest CAGR of 7.9% during the forecast period. However, the wood segment accounted for the largest market share in 2017, contributing more than half of the market share, as it is biodegradable, renewable, and carries lowest carbon footprint. The report also includes types such as metal, glass, fiberglass, vinyl, and others.
Swinging segment dominated the industry
Swinging segment held the largest share in the market, contributing about 60% share in 2017 and is expected to maintain its dominance throughout the study period. However, the revolving and other doors segment is expected to register the fastest CAGR of 7.6% during the forecast period, owing to increase in demand for space-efficient homes.
Residential segment to portray fastest growth by 2025
The report analyzes the major end users in the global interior door market. The residential segment held the largest share in 2017, contributing about 58% share of the market. Moreover, the segment is expected to register the fastest CAGR of 6.7% during the forecast period.
Asia-Pacific to create lucrative opportunities through 2025
Asia-Pacific region accounted for more than half of the total market share in 2017 and is expected to maintain its dominance throughout the study period. Moreover, the region is expected to register the fastest CAGR of 6.9% during the forecast period. The other regions such as North America, Europe, and Latin America, Middle East and Africa are analyzed in the report.
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