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Garage and Overhead Door Market Size, Share & Industry Analysis, By Material Type (Aluminium, Steel, Wood, Fiberglass, Others (Vinyl, etc.)), By End User (Residential, Commercial) and Regional Forecast 2021-2028

Region : Global | Report ID: FBI103505 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

With the rise in modular construction industry, the market for global garage and overhead door markets is anticipated to grow moderately in the coming future. Consumers are attracted towards innovative garages and overhead doors, owing to the lavish designs, security features, and many more. Nowadays, manufacturers are focused on producing strong and affordable products. Moreover, manufactures are continously working on the design of doors, which includes more and more windows with high security functions and ventilation. It is allowing consumers to adopt innovative doors for their garages. Hence, the market for global garage and overhead doors is expected to grow in the coming future.


Fast operation of overhead garage doors is the primary and important factor that is driving the market. Consumers adopts tecnology that saves time, with high durability and reliablity. Moreover, awareness of adoption of green energy solution in the residential and commercial sectors is another factor that is impacting the market wiith postive growth. Also, high investment, deployment and maintenance costs are the factor that is restraining the market in the developing countries. However, manufacturers should focus on producing durable and relieable overhead garage doors for middle and lower class consumers, across the globe.


Key Market Driver -

• Increasing adoption of durable and fast-openings speed overhead garage doors • Awareness of green energy solutions

Key Market Restraint -

• High Investment and maintenance costs


Key Players Covered:


The major market players are opting for technological advancements to increase the security of garages, thus will offer various market opportunities to the market players. Some of the key competitors in the Garage and Overhead Door market include Delden Garage Doors, Wayne Dalton, Hormann, CHI Overhead Doors, Overhead Door Corporation, ASSA ABLOY, Martin Door, Midland Garage Door, Clopay Building Products, Raynor Garage Doors, and others.


Regional Analysis


European manufacturers tend towards manufacturing technology-driven overhead garages  for the commercial and residential facilities, therefore projected to show progressive market growth. Many European energy solution providers are deploying green solutions to save the enviroment from the wastage of energy. Moreover, advancements in technology of manufacturing garage and overhead door is expected to upthrust the market demand in North America, hence holds the highest market share in the garage and overhead door market. Furthermore, the rising number of investments and government initiatives for the green solutions in Asian countries will portray moderate growth rate in the coming future.


The rapid development in the residential and commercial sector in Middle east and Africa is enhancing the investments of the government in deploying the overhead garage doors, thus accelerating the market growth. Moreover, the Latin Amrican countries are witnessing increase in the adotption of such technllogical-driven doors, which is leveraging the market position of the local and emerging players, hence driving the global garage and overhead door market during the forecast period.


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Segmentation






















 ATTRIBUTE


  DETAILS

By Material Type




  • Aluminium

  • Steel

  • Wood

  • Fiberglass

  • Others (Vinyl, etc.)



By End User




  • Residential

  • Commercial



By Region




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)



Key Industry Developments



  • February 2020: Overhead Door Corporation launched overhead garage doors with innovative panel designs including multiple colour options. The company has launched the product named Model 5800 for tall section heights, large windows and durable construction

  • March 2019: SPX C.H.I. Overhead Doors has acquired the company named PerfoMax Global, which manufactures industrial high performance rubber and vinyl doors.  C.H.I will work continuously in producing innovative overhead doors by providing several colours to their customers


Garage and Overhead Door Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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