Fire Door Market By Material Type, By Product Type, By Application Type, By End-User, By Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026

Global Fire Door Market is valued to reach USD 16.8 billion by 2024, exhibiting a CAGR of 7.2% over the forecast period 2020-2026. Increasing consumer safety consciousness, minimal collateral damage in fire incidences, growing construction sector and rising demand for infrastructure development equipped with harm resistant features is set to propel the market growth.

Get Sample Report: Fire Door Market

Fire doors form a crucial part of public safety initiatives. The products mainly adhere to safety parameters for protection of property and reduce any collateral damage that result out of accidental fires. This is an essential safety feature when installed with proper configuration and results into minimal financial loss in any event of fire emergency. With the advent of technology on all fronts, the complexity of fire management techniques have sought bigger grounds. For instance in case of any fire incident, explosions and hazards are exposed to major damages which are instrumental in resulting potential loss of lives.

Fire Door Market Trends, Drivers and Opportunities:

The fire door market is significantly driven by government spending on commercial and residential construction. In addition, growth in construction activities in developing economies have a huge inclination towards safety parameters. SMART city projects and government policies pertaining to the installation of safety and fire door lures the consumers to look for investing in the right ventures. Moreover, enhanced safety features and technological progress pursued by the industry players is likely to trigger the demand in the global market. On contrary, low awareness for safety and availability of counterfeit products with low shelf life and dearth of technically competent workforce is hampering the market growth in the forecast period.