Garage and Overhead Door Market: Size and Growth

The “Garage and Overhead Door Market Research Report Overview by 2024” market size is reached USD 6.79 billion by 2021 and it is projected to reach USD 9.94 billion by 2029 between the forecast period and expected Compound annual growth rate of 5.2% between the forcast period by (2021-2029).

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Garage and Overhead Doors Market Share, Size & Industry Analysis, By Material Type (Aluminum, Steel, Wood, Fiberglass, Vinyl, and Others), By End-user (Residential and Commercial), and Regional Forecast Between, 2022-2029

Major Keyplayers of garage and overhead door market:

Some of the key players operating in the global garage and overhead door Industry are:

• Clopay Corporation (US)
• Sanwa Holdings Corporation (Japan)
• Wayne Dalton (U.S.)
• C.H.I. Overhead Doors (U.S.)
• Raynor Garage Doors (U.S.)
• PerforMax Global (U.S.)
• Dynaco (Belgium)
• Rite Hite (U.S.)
• Rytec Corporation (U.S.)
• Chase Doors (U.S.)
• Goff’s Enterprises (U.S.)

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Key industry developments of garage and overhead door market:

• Nucor Corporation finalized the acquisition of C.H.I. Overhead Doors, which operates as a prominent manufacturer of overhead doors in the market of North America for application in residential and commercial sectors. The strategic acquisition will help Nucor Corporation to establish itself as one of the key performers in the North American market.
• Alutech Group of Companies engaged in manufacturing and development of sectional doors systems and roller shutter systems has planned to collaborate under joint ventures with prominent automotive manufacturers in the region of Europe such as Rolls-Royce, Alfa Romeo, Maserati, Lancia, and Ferrari. The collaborations will aid the company in increasing their customer reach within the customers of aforementioned automotive brands.
• Pugleasa Company, Inc. begun its operations as Arbon Equipment Corporation, after the acquisition proceedings concluded that the company officially recognized as wholly-owned subsidiary of RiteHite.

Drivers and restraints of garage and overhead door market:

• Drivers:
  • Increased Home Renovations: Rising home renovation and improvement activities drive the demand for modern and aesthetically pleasing garage and overhead doors.
  • Technological Advancements: Innovations in door automation, such as smart home integration and advanced security features, enhance the appeal and functionality of garage and overhead doors.
  • Growth in Residential and Commercial Construction: Expansion in residential and commercial construction projects boosts the need for new garage and overhead doors to accommodate new buildings and facilities.
  • Enhanced Security and Safety Features: Growing concerns about security and safety drive demand for doors with improved locking systems, impact resistance, and emergency release mechanisms.
  • Energy Efficiency and Insulation: Increasing focus on energy efficiency encourages the use of insulated doors that help in reducing energy costs and improving indoor climate control.
• Restraints:
  • High Installation and Maintenance Costs: The initial costs for purchasing and installing garage and overhead doors, along with ongoing maintenance expenses, can be a barrier for some consumers.
  • Complex Installation Requirements: Installation of advanced garage and overhead doors may require professional assistance due to complexity, which can increase overall costs and project timelines.
  • Market Competition and Price Pressure: Intense competition among manufacturers can lead to price pressure, affecting profit margins and market stability.
  • Dependence on Economic Conditions: Economic downturns can reduce consumer spending on non-essential home improvements, impacting demand for new garage and overhead doors.
  • Limited Awareness of Advanced Features: Lack of awareness or understanding of the benefits of advanced features may lead to slower adoption of new technologies and higher-end products in the market.

Regional Insights:

• North America (By Material Type, End-user, and Country)
  • U.S. (By End-user)
  • Canada (By End-user)
• Europe (By Material Type, End-user, and Country)
  • U.K. (By End-user)
  • Germany (By End-user)
  • France (By End-user)
  • Italy (By End-user)
  • Rest of Europe
• Asia Pacific (By Material Type, End-user, and Country)
  • China (By End-user)
  • Japan (By End-user)
  • India (By End-user)
  • South Korea (By End-user)
  • Rest of Asia Pacific
• Middle East & Africa (By Material Type, End-user, and Country)
  • GCC (By End-user)
  • South Africa (By End-user)
  • Rest of the Middle East & Africa
• South America (By Material Type, End-user, and Country)
  • Brazil (By End-user)
  • Mexico (By End-user)
  • Rest of South America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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