New market analyses outline a promising future for the external doors industry, predicting growth on both the global stage and in individual regions. Recent reports indicate that the joinery market, particularly external doors, maintains momentum, with the most dynamic growth occurring in the Asia-Pacific region, especially in India and China.
According to data presented by Market Research Future, the value of the global external doors market reached nearly $101 billion in 2022. It is anticipated that by the end of the current year, this figure will increase to $107 billion. Forecasts for 2032 suggest that the market will surpass an impressive $170.5 billion, with an expected annual growth rate of 6 percent.
One of the key drivers of industry development is the growing demand for non-standard doors. Analysts also note an increase in demand related to the renovation trend, with higher spending on renovation materials influencing company profits.
An essential segment of the market is external doors dedicated to residential construction, dominating due to the increasing demand for replacements, renovations, and, lastly, new construction projects. The value of this market segment reached an impressive $76.6 billion in 2022.
On a regional scale, the Asia-Pacific region maintains the largest market share, with China as the dominant player and India experiencing the fastest growth. The European external doors market holds the second-largest share, with the German market leading and the British sector experiencing rapid growth. In North America, the United States leads, while the fastest growth is observed in Canada.
Among the key market participants, notable companies include Assa Abloy (Sweden), Anderson Corporation (USA), Jeld-Wen (USA), Hörmann (Germany), and Masonite (USA), playing a crucial role in shaping the future of this dynamic sector. All indications point to the external doors market continuing its expansion with impressive momentum in the coming years.