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A new report covers Doors market outlook providing historical facts, current status and future development trends information along with data on leading players and regions
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Doors market trends research and projections for 2019- 2026 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Growing infrastructure activities and a surge in real estate sector across Asia Pacific will be propelling the market development over the forecast timeframe. Additionally, growing urbanization and population will be accountable for increase in new non-residential and residential buildings in this region. • According to estimates, Asia Pacific will likely have close to 50% rate of urbanization by 2026, which will further provide opportunities for the market expansion over the study period. • Sliding doors will be accounting for a market share of more than 25% over the forecast period. These doors are equipped with soundproof and airtight insulation features depending upon the end-user requirement. These doors also provide attractive aesthetics to the residential housing, which is likely to increase its usage in new residential construction industry in the future. • uPVC doors will grow at a CAGR of 5.5% over the study period owing to its superior strength, versatility and cost effectiveness. These doors are widely used for making sliding, hinged or French doors. Availability of variety of colors, patterns & laminates will be accountable factors for driving the segment’s growth by 2026. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Some major findings of the doors market report include: • Supporting regulations for renovation of existing infrastructure globally will stipulate the market demand • Growing private as well as government investments towards new residential construction sector in North America will develop the industry • Increasing replacement of ageing infrastructure in European countries will boost the doors market share • Changing consumer buying patterns for luxury products will enhance the product demand • Ongoing trends for energy efficient buildings will boost the industry in coming years • Although the industry is growing significantly, high prices of raw materials will be a potential restraint for doors manufacturers. However, higher profitability and growing consumer demand for the construction products may increase the number of new entrants over the forecast period, thereby propelling the business share. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis: • Asia Pacific doors market will be accounting for a market share of more than 40% over the forecast period. Growing urbanization & industrialization accompanied by rising government attention to develop infrastructure in Asia Pacific will be major driving factors for the industry expansion over the forecast period. However, short term economic slowdown in India along with ongoing US-China trade war will significantly impact the industry. Despite of these, growing consumer spending power and urbanization in these countries will further boost the market share over the forecast period. • Competitive Analysis: • Doors market will be proliferating at a significant rate over the forecast period owing to rising demand for improved infrastructure across the world. Key producers in the market includes, Andersen Corporation, Lixil Group Corporation, YKK Corporation, Pella Corporation and several others. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/2112 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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