Global Door Systems Market is Projected to Reach $293.85 Billion by 2020

Date: 2016-01-28

The global door systems market is projected to reach $293.85 Billion by 2020, with a CAGR of 5.82% from 2015 and 2020.

After the economic slowdown, high disposable incomes and changing lifestyles have led to the improvement in construction which stimulated the demand in the door industry. 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.

However, as the door systems market in developed countries is getting matured, the market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of the strong economic growth in the country along with increase in buildings and high disposable income.

The door systems market has been growing in accordance with the construction industry. With increasing awareness about new technologies implemented on doors and its maintenance and concerns about the quality of doors, people are opting for secure and safe doors.

Companies Profiled:
ASSA Abloy
Allegion PLC
Andersen Corporation
Duluxgroup Limited
Fortune Brands Home & Security, Inc.
Jeld-Wen, Inc.
Masco Corporation
Masonite International Corporation
PGT, Inc.
PLY GEM Holdings Inc.

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