The global bifold doors market revenue is expected to expand at a significant CAGR over the forecast period. Rise in construction projects and activities across the globe as well as rising popularity of green buildings are among some of the primary factors expected to drive market growth over the forecast period. With the awareness on the need to preserve and protect energy, consumers are increasingly preferring energy-efficient bifold doors.
Growing urbanization and increase in disposable income are expected to boost demand for bifold doors in the future. However, the high initial investments acting as a major restraining factor for the market.
Global market report has been segmented on the basis of material, application, end-user, and region.
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On the basis of material, the target market is segmented into wood, metal, glass, vinyl, and fiberglass. The glass segment is expected to account for maximum revenue share and is projected to grow at significant growth.
On the basis of application, it is segmented into interior doors and exterior doors. The exterior doors segment id projected to accounts for the largest revenue share.
On the basis of end-user, the market is segmented into residential and non-residential. The residential segment is expected to dominate the global market, due to increase need from apartments, homes and other residential outlines.
Based on region, the bifold doors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Asia Pacific is projected to account for highest revenue share over the forecast period, owing to growing building & construction activities, rising urbanization, changing consumer preferences and supportive government measures. Moreover, increase in focus on installing more energy-efficient doors that maintain the insulation and interior temperature of the building is also anticipated to fuel demand in the upcoming period.
Key players operating in the global bifold doors market include Andersen Corporation, JELD-WEN Inc., Pella Corporation, Ply Gem Industries Inc., AG Millworks, Associated Windows & Conservatories, ATIS Group, AWM Building Maintenance Ltd., Cascade Windows Inc., and Brennan Enterprises Inc.
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