Pune, India, September, 2023 /MRFR Press Release/- Market research future published a Half cooked research report on the global bifold doors market. The global market for global bifold doors market is expected to grow over the CAGR of 6.10% approximately during the period 2023 - 2032.
Market Research Future (MRFR) has published a cooked research report on the “Global Bifold Doors Market” that contains information from 2018 to 2032. The Bifold Doors market is estimated to register a CAGR of 6.10% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Bifold Doors market— Andersen Corporation, JELD-WEN Inc., Pella Corporation, Ply Gem Industries Inc., AG Millworks, Associated Windows & Conservatories, ATIS Group, and AWM Building Maintenance Ltd., Brennan enterprises, Anderson corporation, and Deceuninck.
Bifold Doors Market Highlights
The global Bifold Doors market is accounted to register a CAGR of 6.10% during the forecast period and is estimated to reach USD 16.19 billion by 2032.
The bifold doors market involves the manufacturing and sale of doors that are designed to fold in a concertina-like manner, allowing for space-saving and wide openings. These doors are popular for their aesthetic appeal and ability to connect indoor and outdoor spaces seamlessly. The market growth is driven by increasing demand for flexible and stylish home and commercial design solutions. The bifold doors market pertains to the industry focused on producing and supplying doors that fold in sections, creating wide openings and enhancing indoor-outdoor connectivity. This market's growth is fueled by the growing preference for space-efficient and visually appealing door solutions in both residential and commercial construction.
Segment Analysis
The global Bifold Doors market has been segmented based on Material and Application.
On the basis of Material, the market is segmented into wood, aluminum, PVC, and others. The market was dominated by the aluminium category; due to its great structural strength and high level of durability, aluminium ensures the stability and lifetime of bifold doors. Bifold doors are designed to withstand harsh weather conditions, including extreme temperatures and humidity, without warping or deteriorating.
Based on Application, the global Bifold Doors market has been segmented into Residential, Non-residential. The market was dominated by the residential segment, which is mostly due to the increasing popularity of bifold doors among homeowners globally.They offer a great way to make the most of natural light and create a smooth transition between indoor and outdoor areas.
Regional Analysis
The global Bifold Doors market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Bifold Doors market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Bifold Doors market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Bifold Doors market comprises of Middle East, Africa, and Latin America.
The North American Bifold Doors Market dominated this market in 2022. The expansion of hotels and eateries in the area has raised demand for bi-fold doors, which has boosted regional market growth.
Additionally, Due to the low cost of bariatric surgery and the increase in persons with diabetes, Europe's bifold door market has the second-largest market share. Additionally, the German market for bifold doors had the biggest market share, and the UK market for bifold doors grew quickly and outpaced other markets in the European region.
Moreover, From 2023 to 2032, the market for bifold doors in Asia-Pacific is anticipated to expand at the quickest CAGR. This tendency is influenced by the dominance of industries like infrastructure and government programmes that support green buildings, which put an emphasis on environmental preservation. Additionally, the Indian Bifold Doors market had the quickest rate of growth in the Asia-Pacific region, while China's Bifold Doors market had the greatest market share.
Key Findings of the Study
- The global Bifold Doors market is expected to reach USD 16.19 billion by 2032, at a CAGR of 6.10% during the forecast period.
- The North American region accounted for the fastest-growing global market due to automation and smart manufacturing technologies are increasingly being adopted throughout the region's diverse industries.
- Based on Offerings, the hardware segment was attributed to holding the largest market in 2022.
Andersen Corporation, JELD-WEN Inc., Pella Corporation, Ply Gem Industries Inc., AG Millworks, Associated Windows & Conservatories, ATIS Group, and AWM Building Maintenance Ltd., Brennan enterprises, Anderson corporation, and Deceuninck.
Read More About This Report: Bifold doors market Size
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2023 |
Companies Covered | 15 |
Pages | 103 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.