Global Bifold Doors Market Size 2024, Forecast To 2033
11 Mar, 2024
The bifold doors market size has grown strongly in recent years, increasing from $10.67 billion in 2023 to $11.32 billion in 2024, with a compound annual growth rate (CAGR) of 6.1%. The historic period's growth is attributed to the growth in the construction industry, rise in green buildings, growth of the restaurant industry, and increase in consumer preference for modernized interior designs. Looking ahead, the bifold doors market size is expected to see strong growth, reaching $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. This growth in the forecast period can be attributed to increasing investments in home remodeling and renovation activities, growing popularity of multifamily dwellings, growing residential sector, and rising infrastructure investments. Major trends in the forecast period include energy-efficient bifold door systems, technological advancements, product innovations, and partnerships and acquisitions.
Global Bifold Doors Market Key Driver
The bifold doors market is poised for growth, propelled by the expansion of the construction industry. The construction sector, encompassing infrastructure development, renovations, and maintenance, is experiencing increased activity due to rapid industrialization and urbanization. This surge in construction activities is creating a higher demand for bifold doors, known for their reliability in home renovations and enhanced safety features for various structures, including schools, offices, and government buildings. In June 2021, Stats NZ Tatauranga Aotearoa reported a 3.7% increase in building activities in March 2021, with a 4.3% rise in residential activities compared to 2020. Additionally, the US Census Bureau highlighted a 10.2% growth in the value of construction activities from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Thus, the robust growth in the construction industry is a driving force for the bifold doors market, as reflected in the market size for the years 2023, 2024, and 2028.
Get A Free Sample Of The Global Bifold Doors Market ReportGlobal Bifold Doors Market Segments
The bifold doors market covered in this report is segmented –
1) By Type: French Doors, Sliding Pocket Doors
2) By Material: Wood, Metal, Glass, Vinyl, Fiberglass, Other Materials
3) By Application: Interior Doors, Exterior Doors
4) By End-User: Residential, Non-Residential
By Geography:The regions covered in the bifold doors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the bifold doors market in 2022. The regions covered in the bifold doors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Bifold Doors Industry Players
Andersen Corporation, Pella Corporation, JELD-WEN Inc., Ply Gem Industries Inc., ??rv?n W?nd?w? ?nd D??rs, Cascade Windows Inc., Nana Wall Systems Inc., VEKA AG, Origin Frames Ltd, AG Millworks, YSR Security System Pvt. Ltd, Hexa Wood Pvt. Ltd, Perfect Glazing Pvt. Limited, Guangzhou Xiya Building Material Co. Ltd, Foshan Fuxuan Window & Door Co. Ltd., Homi Aluminum Co. Ltd., Suzhou Shunchi Hardware Co Ltd., Novoferm GmbH, Hörmannare, Teckentrup GmbH + Co. KG, Jansen Tore GmbH & Co. KG, ALPGATE, Entrematic Germany GmbH, B+N Tortechnik GmbH, AKM-Tore GmbH, AL-PROMT S.R. L, Arcom Glass, ALUMIL Russia, ALTEK LLC, Marvin, Ostaco Windows and Doors, Steves Doors, SOLIDA BRASIL MADEIRAS LTDA, Adami S/A Madeiras, Tebet Lumber Co, Tomio Esquadrias, Irmãos Graciola, Acacia Wood, AG Intertrade, Sebastian Orecchia, Bi-Fold Doors Dubai, Etsy Israel, ADL Design, REHAU Group, Bifold UAE, Amo Tropical Solutions Ltd, Oroboson Limited, Yehans International Ghana Limited
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Bifold Doors Market Overview
Bifold doors are sliding doors that are constructed using a number of panels that fold in or out to open up space. Bi-fold doors are used to connect the establishment rooms to a shared outside area, such as the garden or the main entrance. These doors can also be used to divide space between rooms or within the same room.
Bifold Doors Global Market Report 2023 provides data on the global bifold doors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bifold doors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.