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(Construction.IndustryNews247.Com, August 17, 2016 ) 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 - Global Trends & Forecasts to 2020"
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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 door systems market has been growing in accordance with the construction industry. With an increasing desire for security, convenience, and concerns about the environment, people are opting for high quality doors for residential as well non-residential purposes.
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. In addition to this, the growing trend of green buildings and the rising demand for energy efficient building material would support the growth of the door systems market over the forecast period.
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
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.
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.
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