Garage and Overhead Doors Market Size to Reach USD 9.94 Billion by 2029; Garolla was Procured by Mayfair Equity Partners to Gain Lucrative Edge: Fortune Business Insights
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The Garage and Overhead Door Market is expanding with increased construction activities, demand for advanced security solutions, and residential/commercial renovations. Technological advancements and safety features contribute to market growth.
Pune, India, Nov. 21, 2023 (GLOBE NEWSWIRE) — The global garage and overhead doors market size was valued at USD 6.79 billion in 2021. The market is projected to grow from USD 6.99 billion in 2022 to USD 9.94 billion by 2029, exhibiting a CAGR of 5.2% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Garage and Overhead Doors Market, 2022-2029.”
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 5.2 % |
| 2029 Value Projection | USD 9.94 billion |
| Base Year | 2021 |
| Garage and Overhead Doors Market Share in 2021 | USD 6.79 billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 120 |
| Segments covered | By Material, By End User and By Region |
| Garage and Overhead Doors Market Growth Drivers | Steel is Emerging as a Dominant Performer in the Market Due to its Cost-Effective and Durable Feature |
| High investment and maintenance cost of garage doors obstructing development prospects |
Report Coverage:
The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, thorough regional analysis is offered. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The top players in the market are identified, and their strategies to bolster the market growth are shared in the report.
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List of Key Players Mentioned in the Report:
- Clopay Corporation (U.S.)
- Sanwa Holdings Corporation (Japan)
- Wayne Dalton (U.S.)
- C.H.I. Overhead Doors (U.S.)
- Raynor Garage Doors (U.S.)
- PerforMax Global (U.S.)
- Dynaco (Belgium)
- Rite Hite (U.S.)
- Rytec Corporation (U.S.)
- Chase Doors (U.S.)
- Goff’s Enterprises (U.S.)
Drivers and Restraints:
Consciousness Toward Green Energy Solutions to Spur Sales of Ecological Garage Doors
With the assistance of fixing eco-friendly garage door, it is effortless to rise the energy proficiency of homes. Garage door is the prime moving section of a home, which endures the structural dependability and energy proficiency; two substantial procedures in green building and maintainable design. A biodegradable door or green garage door is produced and designed with inadequate influence on the environment.
Nevertheless, the upkeep and replacement both can be expensive for the users, be it in commercial or in residential locality. This works as an obstructing aspect for the garage and overhead doors market growth.
Segments:
Steel to Preserve Lead in the Market Backed by its Cost-Efficient and Strong Feature
By material type, the market is classified into aluminum, steel, wood, fiberglass, vinyl, and others (wood composite). Steel is expected to have a substantial market share in the global market, owing to its robustness and affordability.
Residential Segment to Attain Benefit Over Other Fragments Due to Remarkable Performance of Residential Infrastructure Sector
The market is divided into residential and commercial as diverse end-users of garage and overhead doors. In the residential segment, the materials utilized for making garage and overhead doors are steel, wood, and aluminium.
Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Regional Insights:
North America to Dominate Stoked by Existence of Principal Players
The market of North America is anticipated to account for a noticeable share in the global market and is also estimated to develop at a significant pace outpacing the peers. The U.S. is comprised of key players who function across the globe.
Europe holds the largest garage and overhead doors market share and in terms of growth perceptions stands behind North America. The producers in the region are trying to augment their existence by venturing into tactical corporations with the automotive producers in the region.
The market of Asia Pacific will perceive a modest growth rate over the forecast period. Restricted prospects for the installation of these doors in the emerging nations can be attributed as a critical point limiting the market share of the region in the global market.
Competitive Landscape:
Procurements Commenced by Prime Companies to Endorse Market Growth
The dominating players in the market continually choose efficient tactics to bolster their brand value as well as promote the global market growth. One such efficient strategy is purchasing competitive companies and further fortifying a profit for both companies.
Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Garage and Overhead Doors Key Players Market Share Insights and Analysis, 2021
- Global Garage and Overhead Doors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- Key Findings
- By Material Type (USD)
- Aluminium
- Steel
- Wood
- Fiberglass
- Vinyl
- Others
- By End User (USD)
- Residential
- Commercial
- By Region (USD)
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Garage and Overhead Doors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- Key Findings
- By Material Type (USD)
- Aluminium
- Steel
- Wood
- Fiberglass
- Vinyl
- Others
- By End User (USD)
- Residential
- Commercial
- By Country (USD)
- United States
- By End User (USD)
- Residential
- Commercial
- By End User (USD)
- Canada
- By End User (USD)
- Residential
- Commercial
- By End User (USD)
- United States
- South America Garage and Overhead Doors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- Key Findings
- By Material Type (USD)
- Aluminium
- Steel
- Wood
- Fiberglass
- Vinyl
- Others
- By End User (USD)
- Residential
- Commercial
- By Country (USD)
- Brazil
- By End User (USD)
- Residential
- Commercial
- By End User (USD)
- Mexico
- By End User (USD)
- Residential
- Commercial
- By End User (USD)
- Rest of Latin America
- Brazil
- Europe Garage and Overhead Doors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
To be Continue…
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