Interior Doors Market Planning, Innovation to See Modest Growth Through 2023

Interior doors are used in both in residential and non-residential spaces and are made of different materials like metal, wood, fiberboard, glass, vinyl, fiberglass, and others. A variety of door types are available in the market, such as bypass door, panel door, pocket door, Bifold door, and others. The global interior doors market can benefit from increasing construction as well as other infrastructure activities, along with the surge in expenditure on home remodeling, especially in developed countries like the United States (U.S).

Interior doors market has the potential to attain a healthy growth rate of 6.0% during the forecast period (2019 - 2023)

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Top Vendors

To vendors shaping the worldwide interior doors market are Masonite International Corporation, Jeld-Wen Holding Inc., YKK AP Inc., Marvin Cos. And Bayer Built WoodWorks Inc., Artisan Hardware, Colonial Elegance Inc., among others.

The market is abuzz with growing number of multinational and local players. These companies indulge in strategic initiatives such as expansions & investments, competitive pricing, and new product launches.

Growth Drivers and Key Barriers

Interior doors are used in both in residential and non-residential spaces and are made of different materials like metal, wood, fiberboard, glass, vinyl, fiberglass, and others. A variety of door types are available in the market, such as bypass door, panel door, pocket door, Bifold door, and others. The global interior doors market can benefit from increasing construction as well as other infrastructure activities, along with the surge in expenditure on home remodeling, especially in developed countries like the United States (U.S).

On the downside, the lack of a skilled workforce to manufacture interior doors coupled with high-cost of eco-friendly products can slow down the growth rate of the interior doors market. Having said that, with the government aiming to accelerate the adoption rate of polyvinyl chloride (uPVC) combined with rapid urbanization in developing economies, the market will be presented with a host of growth opportunities in the coming years.

Window And Door Market Segmentation

The worldwide interior doors market has been studied with respect to primary segments of door type, material, and end-user.

The types of doors are bypass, panel, pocket doors, bifold, and others. The panel doors seized the largest share in the market in 2017 and are also estimated to achieve the highest CAGR in the years to come. Panel doors find widespread use in commercial, industrial and residential constructions. They are generally made from different materials like glass, wood, etc., and are usually available in a variety of colors & sizes.

Material-wise, the market can be considered for glass, wood, fiberglass, metal, vinyl, fiberboard, and others. The wood-based products accounted for the biggest market in 2017. The rising preference for aesthetically attractive and premium interior products is deemed to be the reasons behind the strong demand for wood-based interior doors. The fiberboard segment is projected to grow at the highest CAGR from 2018 to 2023 due to its moisture-resistant properties, high mechanical strength, and low cost as compared to wood.

Regional Insight

The interior doors market is spread across the key regions of Asia Pacific (APAC), North America, Europe, coupled with the Rest of the world (RoW).

The interior doors market was found to profit the most in APAC in 2017. The most lucrative markets for interior doors in the region are India, Singapore, China, Thailand, and Malaysia. Considerable investments in the hospitality sectors paired with rising standard of living are some crucial factors that are working in favor of the interior doors market in the region.

The Middle East can observe high demand for interior doors, given the upcoming projects in the hospitality sector. Latest reports reveal that at least 80 hotels will be built in Saudi Arabia and the United Arab Emirates (UAE) in the coming years. This basically translates to strong demand for interior doors in these countries. Also, favorable government regulations to elevate economic conditions and boost the tourism industry can uplift the position of the regional market in the ensuing years.

North America is on its way to becoming a significant market for interior doors, thanks to increased spending on interior decor, rebuilding and remodeling activities. These activities are rising especially in the commercial and residential sectors in countries like the US, Mexico, and Canada. The region comprises well-developed countries that vastly focus on modifying the existing infrastructure, which stimulates market growth.

The interior doors market in Europe is primarily driven by the expansion of the real estate market across several countries. With numerous countries in the region reviving from the Great recession of 2007-2013, the real estate industry has mushroomed tremendously on account of rising in residential construction activities, which augments the demand for interior doors.

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