prnewswireAugust 24, 2021
Tag: Garage Doors , CAGR , R&D
The Europe garage doors market is expected to reach USD 2.87 billion by 2026, growing at a CAGR of 3.68%.
Garage doors of all segments have an established market across Europe, driven by the demand for new units. Increasing demand for energy-efficient doors is driving the global trend of energy conservation. Builders integrate high-efficiency garage doors in their portfolio, which provides consumers with improved thermal efficiency and saves their expenses.
The government is promoting innovative commercial doors and windows to aid high energy consumption and reduce carbon footprint. Due to expected changes in energy consumption policies by government agencies, the Europe garage doors market is expected to witness a surge in demand.
Automated and remote-controlled operations are the latest technological advancements that are likely to gain high traction in the doors industry. There is also a vast scope of investment in research and development in the market pertaining to disruption in demand and supply of resources. The UK was the largest market for doors and windows market in Europe as of 2020.
The demand for sectional doors is rapidly increasing as one of the most prevalent choices among consumers and will continue to grow during the forecast period. In terms of design options, sectional doors have more room for personalization, as it has a wide range of design differences, whereas roller doors have limited design.
In terms of material used, Aluminum doors remain the favorable option in commercial spaces since it is lighter than steel and iron and is also naturally resistant to corrosion and rust and offers good durability and strength. The demand for wooden materials has been higher in Western Europe and Nordic countries.
The UK holds the largest European garage doors market share, due to the installation of doors in new construction and renovation activities. In Germany, factors such as low-interest rates, a rising immigrant population, and job security support the growth of construction which, in turn, will increase the demand for garage doors in the country. In emerging regions of Central and Eastern Europe, rapidly developing infrastructure and construction output are driving the growth of the garage doors market.
The garage doors market in Europe is highly fragmented, with several established manufacturers holding a significant share. Following the regional trend for energy conservation, vendors are integrating high performance doors in their product portfolio. The growth of the vendors depends on market conditions, technological innovations, and industry development.
The key players in the Europe garage doors market are Garador, Hormann, Novoferm, Teckentrup. Vendors must pursue growth by acquisitions as numerous small-scale players are active in towns and small regions. Vendors should focus on improving their geographical presence by finding partners in emerging countries.
Garador
Hormann
Novoferm
Teckentrup
Other Prominent Vendors
Alluguard
Assa Abloy
Alulux
Birkdale
Came
Cedar Door
Erreca
Gliderol
Jeld-Wen
Kruzik
Nassau Door
Nice
Rundum Meir
Ryterna
Silvelox
SWS
VKR holdings
Woodrite Doors
Alutech
Raynor
Doorhan
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