Door Systems Market to reach worth 293.85 Billion USD by 2020

Increasing disposable incomes of people, rapid urbanization, innovation in door systems, and increase in building construction have driven the growth of the door systems market.

The report “Door Systems Market by Type (Wood, Metal, Glass, Plastic & Composite), Mechanism (Swinging, Sliding, Folding, Revolving & Others), Technology (Manual, Access Control & Automatic), Application (Residential & Non-residential) & Region - Global Trends & Forecasts to 2020”defines and segments the global door systems market with analysis and forecasting of the global revenues for door systems. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, winning imperatives, and challenges.

Browse 275 market data tables and 51 figures spread through 261 pages and in-depth TOC on “Door Systems Market"

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The market is segmented and revenues are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The key countries are covered and their market sizes forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.

The door systems market is mainly driven by the improvement in construction industry and the increase in the spending by end consumers for high-valued doors. With innovation in the door systems and rising competition in the door systems market, the manufacturers are also opting for quality and low maintenance doors to attract customers.

The global door systems market is projected to reach USD 293.85 Billion by 2020, with a CAGR of 5.82% from 2015-2020. The Asia-Pacific region accounted for around 38% of the total market share in terms of value, followed by the European and North American regions.

The key players in the market Masco Corporation (U.S.), Assa Abloy (Sweden), Fortune Brands Home & Security, Inc. (U.S.), Allegion PLC (Ireland), Masonite International Corporation (U.S.), Ply Gem Holding Inc. (U.S.), DuluxGroup Limited (Australia), PGT, Inc. (U.S.), Andersen Corporation (U.S.) and Jeld Wen, Inc. (U.S.). In this report, the global door systems market is segmented into type, mechanism, technology, application, and region.

This report estimates the market size of the global door systems market in terms of value (USD Billion). In this report, the market is broadly segmented based on type, mechanism, technology, application, and region. Market drivers, restraints, challenges, and opportunities are discussed in detail. Market share, by participant, is discussed in detail for the overall market. Increasing disposable incomes of people in developing countries, government initiatives and regulations to incorporate energy efficient quality doors, and rising construction activities drive the growth of the door systems market.
The market for door systems is projected to be valued at USD 293.85 Billion by 2020. The Asia-Pacific region is projected to grow at the highest CAGR of 7.42% during the projected period, that is, 2015 to 2020.

The growth of the door systems market is primarily driven by the following:
Rapid urbanization in emerging economies
Improvement in construction industry
Need for greater security

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The composite door systems market is projected to grow at the highest CAGR of 7.03% from 2015 to 2020. The door systems market was dominated by wooden door systems segments, which accounted for 28.4% of the total market in 2014.
The global door systems market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market.

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