Bifold Door Market
Market Research Future (MRFR)’s study projects that the global bifold door market is anticipated to mark a CAGR of 5% during the forecast period. The report highlights that the global market is poised to scale a considerable valuation over the next couple of years. Doors are a crucial part of architecture as they offer entry and exit as well as facilitates heat retention and insulation. The aesthetic value of the bifold doors is expected to augment the market over the next couple of years. In addition, the increasing purchasing power of the population in conjunction with accelerated construction activities is likely to favor the expansion of the bifold doors market in the forthcoming years. The investments expected to flow towards renovation activities are also poised to catapult the bifold doors market on an upward trajectory.
The growing number of hotels, resorts, etc. is also poised to catalyze the demand for bifold doors as it enhances the visual appeal of the architecture. In addition, key players are focusing on the development of their product lines by innovating materials for the manufacturing process. Emphasis on door materials for combating extreme weather conditions caused by the green house effect is further anticipated to boost the growth trajectory of the bifold doors market over the assessment period.
Bifold doors are also extensively used in large cabinets, balconies, closets, etc. The rising standards of living of the global population are expected to aid the proliferation of the bifold doors market through the projection period. Also, the increasing applications of these doors are poised to have a positive influence on the growth pattern of the market.
Market Segmentation:
By material, the global bifold doors market has been segmented into wood, aluminum, PVC, and others. Among these, the PVC segment is likely to gain momentum over the next few years owing to changing consumer behavior pattern, and cost-benefit offered.
By application, the bifold doors market has been segmented into residential, and non-residential.
Regional Analysis:
By region, the global bifold doors market has been segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW). Asia Pacific has been prognosticated to secure the leading position as well as thrive at the highest CAGR over the assessment period. The region has been witnessing a boom in the construction sector which is forecasted to favor the growth of the bifold doors market in the foreseeable future. Also, the supportive laws enforced by the governments are likely to expedite the expansion of the market. China, Indonesia, and India are some of the major country-level markets of the region. The region is likely to remain highly lucrative across the review period and attract massive Foreign Direct Investments (FDI) in the years to come. Other factors that are anticipated to favor the growth of the market are rapid urbanization, increasing per capita income, elevated standards of living, etc. Europe is projected to retain its second spot and thrive substantially over the forecast period.
Competitive Dashboard:
The prominent players of the global bifold doors market profiled in this report are Andersen Corporation, Pella Corporation, JELD-WEN Inc., Ply Gem Industries Inc., Cascade Windows Inc., Associated Windows & Conservatories, AG Millworks, ATIS Group, AWM Building Maintenance Ltd., and Brennan Enterprises Inc.
Industry News:
In December 2018, Aluprof, a manufacturer and supplier of aluminum architectural systems, showcased its products under the theme ‘Everything Aluminum Without the Pain’ during UK Construction Week at The Build Show.
In October 2018, John Knight Glass, which offers a complete range of windows, doors, etc., has partnered with Centor, a manufacturer of architectural hardware for the folding door industry. The partnership is aimed at offering Centor C1 Aluminium Bi Fold door range.