Persistence Market Research estimates that by the end of 2021, the global hollow metal doors market will have generated US$3.3 billion in sales. By 2032, the market for hollow metal doors is anticipated to reach US$4.82 billion, growing at a CAGR of 3.6%.
The Hollow Metal Doors Market is expected to witness substantial growth over the forecast period. Hollow metal doors are widely used in residential, commercial and industrial buildings due to their superior strength and durability. This type of door provides a high level of security as they are made from heavy-gauge steel which makes them difficult to penetrate or damage. These features make them suitable for a variety of applications including entry and exit points, interior doors, hallways, garages, storage areas and more.
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The increasing demand for residential as well as non-residential construction projects is one of the major drivers for this market. The growing adoption of green building technologies has also contributed to the growth in hollow metal door sales. In addition, government initiatives such as energy efficiency regulations and tax incentives have also boosted the demand for these doors. Furthermore, technological advancements such as integrated fire protection systems that are incorporated into hollow metal doors have further enhanced their appeal.
Persistence Market Research recently published a report on the hollow metal doors market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the hollow metal doors market will grow over the forecast period.
The study is relevant for stakeholders as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the hollow metal doors market can leverage the information and statistics presented in this research report.
The report includes facts & figures related to the micro as well as macroeconomic factors that are impacting the growth of the market. The study also offers actionable insights based on future trends in the market. Furthermore, regional players and new entrants in the hollow metal doors market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Companies-
- ASSA ABLOY.
- Beacon Metals & Hardware Inc.
- Deansteel Manufacturing Co Inc.
- Quality Engineered Products Co.
- Overly Door Co.
- Door Components Inc
- Apex Industries Inc
- Dunbarton Corporation
- Michbi Doors Inc
- Al Barrak Group Company
- Mesker Door Inc
- Industrial Metal Center Co. W.L.L.
- Commercial Door Manufacturing
- Baron Metal Industries Inc
- Trudoor, LLC and more
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Key Segments of Market
Persistence Market Research’s study on the hollow metal doors market is divided into four significant segments -product type, core material, end use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Product Type
Flush Hollow Metal Doors
Hollow Metal Doors With Windows
Paneled Hollow Metal Doors
Others
Core Material
Honeycomb
Polystyrene
Polyurethane
Steel Stiffened
Mineral Core
End Use
Residential
Commercial
Industrial
Region
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
Conclusion:
The Hollow Metal Doors Market is expected to experience significant growth over the forecast period, driven by increasing construction activities and improved security measures. The competitive landscape is highly fragmented with leading companies focusing on product innovation and expansion in emerging markets. This will create attractive opportunities for market players in terms of product development, marketing strategy and customer service.
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Key Questions Answered in Report
Which country is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling demand for hollow metal doors during the forecast period?
How current trends will impact the hollow metal doors industry?
Who are significant market participants in the hollow metal doors industry?
What are the crucial strategies of prominent players to upscale their positions in this landscape?
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