by The global High Performance Doors Market is estimated to be valued at US$ 4.28 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
High performance doors are used in commercial buildings, industrial facilities and warehouses. They offer advantages like high operating speed, durability, energy efficiency and ability to withstand harsh environments. They play a vital role in maintaining controlled access and temperature in facilities.
Market key trends:
Growing construction of warehouses and industrial facilities has emerged as one of the major trends driving the growth of high performance doors market. There has been significant increase in construction of industrial facilities and warehouses globally to support online retailing and e-commerce activities. According to World Economic Forum, the global warehouse space is expected to grow by 60% by 2030. Additionally, increasing emphasis on energy efficiency and sustainability in commercial buildings has also fueled the adoption of high performance doors which offer advantages like reduced air infiltration and operational costs. Rising industrialization and automation has further propelled the demand for high performance doors which can withstand harsh industrial environments and high frequency of operations.
Segment Analysis
The Global High Performance Doors Market Growth is segmented by type, application, and geography. By type, the market is divided into swing doors, sliding doors, folding doors, and others. Among these, the sliding doors segment dominates the market as sliding doors are more preferred for industrial applications owing to their space efficiency and ease of operation. By application, the market is bifurcated into industrial, commercial, and institutional applications. The industrial applications segment accounts for the largest share of the market as high performance doors find extensive usage in manufacturing units, airports, seaports, warehouses, and cold storage facilities.
Key Takeaways
The global high performance doors market is expected to witness high growth, exhibiting a CAGR of 4.5% over the forecast period, due to increasing industrialization and urbanization worldwide.
Regional analysis
Regionally, North America dominates the global market, owing to robust industrial infrastructure and steady growth of the manufacturing sector in the US and Canada. Asia Pacific exhibits the fastest growth due to rapid industrialization and infrastructure development across economies such as India, China, and Southeast Asia.
Key players
Key players operating in the high performance doors market are ASSA ABLOY Group, Rytec Corporation, Hormann Group, Albany International Corp., Chase Doors, Rite-Hite, Efaflex, TNR Doors, Dynaco, Dortek Ltd., Gandhi Automations Pvt. Ltd., PerforMax Global, Jamison Door Company, Angel Mir – Portes Bisbal SL, TMI, LLC. ASSA ABLOY and Rytec Corporation are identified as the market leaders due to their diverse product portfolio and widespread distribution networks across the globe.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
