Global Door Systems Market – Overview
The Global Door Systems Market is growing with the moderate pace; mainly due to the increase in the global foreign direct investment (FDI) inflows. According to a recent study report published by the Market Research Future, The global door systems market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a decent growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The market is going to continue with the same trends of growth during the forecast period. The major drivers will be increasing FDI in construction in Asia-Pacific region, significant rise in the number of pop ups, and supportive government regulations and policies. There is seen an increase in the global foreign direct investment (FDI) inflows. The FDI inflows in construction in Asia-pacific region has led to increased construction projects and real-estate development. This along with FDI in retail has pushed the number of retail outlets in the region. This induces the demand for door systems in the region.
ASSA ABLOY (Sweden), Ply Gem Holdings Inc. (U.S.), Masco Corporation (U.S.), Allegion plc, (Ireland), Fortune Brands Home & Security, Inc. (U.S.), Masonite International Corporation (U.S.), DuluxGroup Limited (Australia), PGT, Inc. (U.S.), Andersen Corporation (U.S.) and Jeld Wen, Inc. (U.S.) are some of the prominent players at the forefront of competition in the global door systems market and are profiled in MRFR Analysis.
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Global Door Systems Market – Competitive Analysis
Characterized by the presence of several well-established along with medium and small players, the global market of Door Systems appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.
Gilgen Door Systems AG has decided to align itself with the strategy of its Swiss headquarters and parent company, Nabtesco, by focussing its core manufacturing business on the production of automatic pedestrian doors whilst providing maintenance and repair services for a comprehensive range of automatic and industrial door and gate systems.
In March 2017, Polarteknik Door Systems will join the 10th International Exhibition of Railway Technology Sifer, taking place from 21-23 March 2017 in Lille Grand Palais Exhibition Centre, Lille, France. Polarteknik Door Systems product range includes complete fire barrier walls, automatic single or double leaf sliding doors, telescopic, curved, manual sliding and hinged doors. The service portfolio includes design, installation and commissioning support, maintenance, modernization, spare parts and technical support during the lifetime of the fleet.
In 2018, Tormax launched TORMAX Secure+Therm. Their new door system offers certified burglary protection to resistance class RC 2, whilst using a slender, thermally separated door profile. It combines all the quality features that make the entrance a modern, valuable installation.
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Global Door Systems Market – Regional Analysis
The Asia-Pacific region dominated the global door systems market in 2016. It is also expected to be the fastest growing region for the door systems. Rising urbanized population, increase in industrialization, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region. China is one of the leading markets in the Asia-Pacific region. Growing industrialization and increased population, fuel the demand of residential houses. Moreover, the Chinese government issued several favourable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. Additionally, the rising demand for eco-friendly & sustainable construction and government support, fuel the demand of door systems market in the region.
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