IMARC Group, a leading market research company, has recently releases report titled “Bifold Doors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global bifold doors market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Bifold Doors
Bifold doors consist of two or more panels that fold in a concertina-like manner. They can be made from various materials, including wood, aluminum, unplasticized polyvinyl chloride (uPVC), and composite materials. They often incorporate large glass panels to allow natural light into a space. They operate on an upper and lower track system with rollers for smooth and easy opening and closing. They are available with a range of hardware options, including handles, locks, and hinges. They are space-saving as they fold neatly to the side, creating a wide and unobstructed opening. They are versatile and can be used for interior and exterior applications. They offer good insulation, help maintain interior temperature, and reduce energy consumption. They provide easy access between indoor and outdoor spaces, making them ideal for patio and garden areas. They are widely used in residential properties, particularly in living rooms, kitchens, and patio or terrace doors. They are also utilized in commercial settings, such as restaurants, cafes, and retail shops, to create a seamless transition between indoor and outdoor spaces.
How Big Is the Bifold Doors Market?
The global bifold doors market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.62% during 2023-2028.
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What are the growth prospects and trends in the bifold doors industry?
The increasing emphasis on open and versatile living spaces in residential and commercial construction represents one of the primary factors catalyzing the demand for bifold doors. Additionally, the escalating demand for energy-efficient building solutions is offering a favorable market outlook. Bifold doors are often equipped with advanced glazing technologies and thermal insulation properties and aid in improving the energy performance of a building.
Along with this, the increasing income levels of individuals are allowing them to invest in eco-friendly construction materials and designs, which is propelling the adoption of energy-efficient bifold doors. Furthermore, rapid urbanization and limited available space in urban areas are driving the demand for space-saving solutions across the globe.
Moreover, continuous technological advancements in door manufacturing are strengthening the growth of the market. Smart bifold doors, equipped with sensors, remote control systems, and compatibility with home automation platforms, offer convenience and enhance security.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Wood
- Metal
- Glass
- Vinyl
- Fiberglass
- Others
Breakup by Application:
- Interior Doors
- Exterior Doors
Breakup by End User:
- Residential
- Non-residential
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
AG Millworks, Andersen Corporation, Clearview Bi-folding Doors Limited, Euramax Solutions Ltd., JELD-WEN Inc., Kloeber UK Ltd., LaCantina Doors, Marvin Lumber and Cedar Company, Nana Wall Systems Inc., Origin Frames Ltd., Pella Corporation, The Bi-Folding Door Company and TWR Trade Frames Limited.
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