Bifold Doors Market | Trends - Emergence of automation and remote operation

1. Bifold Doors Market Trends - Emergence of automation and remote operation Global Opportunity Analysis and Industry Forecast, 2017-2023

2. Introduction Global Opportunity Analysis and Industry Forecast, 2017-2023, the global bifold doors market was valued at $9,779 million in 2016, and is projected to reach at $13,929 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global bifold doors market, followed by Europe and North America. Rise in adoption of energy-efficient doors and application of bifold doors as door-wall system are expected to drive the bifold doors market. In addition, bifold doors provide assistance in maximizing the space without significant change in the architecture, which is expected to propel the growth. However, the high costs associated with installation of bifold doors may hamper this growth. Moreover, the installation of bifold doors can be challenging to do-it-yourself users, which may impede the market growth. Bifold Doors Market

3. Overview BifoldDoors Market was valued at $9,779 million in 2016 and is expected to reach $13,929 million in 2023, growing at a CAGR of 5.2% from 2017 to 2023. Doors constitute a vital part of the infrastructure as they provide entry as well as exit points. Further, they provide insulation, separation of rooms, and protect the interiors of the house from external temperature conditions. Bifold doors constitute a combination of panel doors logically hinged, leading to folding of the panels. This folding mechanism allows the doors to co-exist as door-walls systems, which enhances the visual appeal of the interiors. Bifolddoors are applicable in patio doors, balcony doors, interior dividers, a combination of glass and wall systems, and store & restaurants front doors among others. Bifold Doors Market

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5. Bifold Doors Market

6. Segment Overview Bifold Doors Market

7. Segment Overview The bifold doors find their application as patio doors, balcony doors, interior dividers, room separators, and as closet doors among others. The exterior bifold doors are expected to dominate the market share in the forecast period owing to significant adoption of energy efficient patio and balcony doors. The bifold doors market is segmented on the basis of material, application, end user, and geography. On the basis of material, it is classified into wood, metal, glass, vinyl, fiberglass, and others (uPCV, PVC, and fiberboard). The applications covered in this study include interior doors and exterior doors. Based on the end user, the market is bifurcated into residential and nonresidential. Geographically, it is analyzed across North America, Asia-Pacific, Europe, and LAMEA. Bifold Doors Market

8. Top Impacting Factors Rapid urbanization globally and increase in disposable income are expected to boost the demand for bifold doors in the future. Further, growth in awareness among individuals towards interior designing and their propensity to spend on home remodeling are anticipated to fuel the demand. In addition, bifold doors offer a significant view of the outside, and subsequently enhance the visual appeal of the infrastructure in the individual’s perception, especially in resorts and the hotel industry. However, the involvement of multiple hinges and panels for folding mechanism of bifold doors present a major challenge. As a result, they are usually challenging for do-it-yourself (DIY) users, which is projected to hinder this market. Moreover, the initial installation costs associated with bifold doors increase as the door size increases, impacting the growth further. Bifold Doors Market

9. Key Findings In 2016, the glass segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 5.2 during the forecast period. The exterior doors segment accounted for around 66.3% share in 2016. UK and France are the major shareholders in the Europe bifold doors market, accounting for more than 44.2% share in 2016. The key players profiled in the bifold doors market include Andersen Corporation, BiFoldsBiDesign Ltd., Chase Windows Co., Euramax Solutions Limited, JELD-WEN, Inc., Kloeber, Nana Wall Systems, Inc., Origin Frames Ltd., Pella Corporation, and The Bi-folding Door Company. Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition to expand their foothold in the market. Bifold Doors Market

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