Dublin, Sept. 24, 2020 (GLOBE NEWSWIRE) -- The "High Performance Doors Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this High Performance Doors Market Report
The high performance doors market by revenue is expected to grow at a CAGR of approx. 4% and achieve an incremental revenue of $940 million between 2019 and 2025
The market is mainly driven by the demand for secure and operationally-efficient doors, which reduce the cycle time in industries. Most industrial spaces are implementing the latest infrastructure and technology to improve the overall aesthetics of the space, while ensuring maximum security and convenience. Fire-rated and thermally efficient high-performance doors can prove highly beneficial for industrial spaces, and investments in production sites are expected to further contribute to the growth of the market. To reduce energy consumption, several countries worldwide are standardizing norms to make the building envelope as well as fenestration more efficient by installing energy-efficient doors.
The market has been affected by the outbreak of the COVID-19 pandemic, as there has been variation in construction businesses and raw material prices, particularly due to the implementation of lockdowns in several countries. The global construction business has been disturbed as the virus has affected both materials and labor availability. The global steel sector and other metal sectors have negatively been influenced, which is expected to impact the high performance doors market shares.
High Performance Doors Market Segmentation
The metal segment led the high performance doors market with a share of 66% in 2019. Metal doors are expected to register CAGR during the forecast period. The growth in the replacement sector is expected to boost the market. A high share in the demand is linked to the growing non-residential construction, new permits in several countries, and the increasing demand for renovation and retrofit projects.
The fabric segment constitutes the second largest high performance doors market share. Low-cost manufacturing is boosting the demand for fabric material among end-user. The construction sector is expected to observe a decline in the production and sale due to the COVID-19 pandemic and delay in supply of materials and products. Therefore, the decline in construction activities is expected to affect the segment. High-density PVC is the major material used in high-performance fabric doors. Moreover, the major factors of the growing use of PVC as one of the main materials for manufacturing high-performance doors are low cost and durability.
INSIGHTS BY GEOGRAPHY
China, Japan, and India are the most potential markets for high-performance doors in the APAC region on account of the strong investment in infrastructure spending. Owing to the huge demand for infrastructure, the APAC market holds a key area of interest for vendors in the industrial construction business.
Currently, APAC remains a highly potential market for almost every industry. The region is expected to grow at around 6% between 2019 and 2020. Comprising two most populous countries in the world, China and India, the APAC region is expected to witness considerable investor attention in the times to come. Rapid urbanization and infrastructure development have resulted in the rise of megacities in the fast-growing economies of the region.
INSIGHTS BY VENDORS
The global high performance doors market is in the nascent stage of growth, with many countries still experimenting with the concept. The growth of the market is expected to be majorly driven by the increasing end-user demand and production flow. The competition is currently stiff in the end-user segment as several companies are looking to gain a first-mover advantage. Also, the market is not facing tough competition from substitute products. Hence, the high speed door manufacturers are slow in scaling up their operations.
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.2 Impact Of Covid-19
8 Market Opportunities & Trends
8.1 Growth In Warehouses In The APAC Region
8.2 Investments In Research & Development
9 Market Growth Enablers
9.1 Demand For Energy Saving Doors
9.2 Demand For Smart Warehousing Solutions
10 Market Restraints
10.1 Raw Material Price Fluctuation
10.2 Impact Of Covid-19 On The Metal Industry
10.3 Variation In The Construction Business
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.4 New Construction
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Cold Storage
15.4 Food Processing Industry
15.6 Warehouse And Distribution Center
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
Other Prominent Vendors
Nortek Security & Control
For more information about this report visit https://www.researchandmarkets.com/r/kr9s1c
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