Commercial Garage Doors Market: Introduction
- Large doors on garages that open either by an electric motor or manually are garage doors. Garage doors are large enough to accommodate automobiles and other vehicles. The vast majority of commercial garage doors are made of steel or aluminum. Improving economic conditions are providing a better operating environment for manufacturers, as the industry is cyclical.
Key Drivers and Opportunities of Global Commercial Garage Doors Market
- Rapid economic development and expansion of the tourism industry have driven the demand for commercial garage doors with better esthetic appeal to be used at hotels, restaurants, multiplexes, supermarkets, etc. Increase in public funding, rise in government investment for infrastructural development, and a steady decline in building material costs are projected to fuel the market for commercial garage doors.
- The global commercial garage doors market is expanding at a rapid pace. A large number of domestic and regional players offer a wide range of products due to increase in design innovation, technological advancements, and surge in competition in the market. Players in the commercial garage doors market are encouraging various consumers to invest in doors with advanced features such as enhanced security, durability, and thermal insulation. Therefore, the commercial garage door market is estimated to expand during the forecast period.
- Manufacturers are emphasizing more on new commercial construction due to higher revenue involved in it. Rise in demand for energy-efficient products is expected to boost the commercial garage doors market in the next few years. Therefore, it provides an opportunity for manufacturers to cater to the demand for energy-efficient products in the market during the forecast period.
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Europe and North America to Hold Major Share of the Global Commercial Garage Doors Market
- In terms of region, the global commercial garage doors market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Asia Pacific is expected to hold a major share of the global commercial garage doors market because the region comprises several developing countries and developed countries that are witnessing rise in consumer income level, which in turn is fueling construction and repair activities.
- Furthermore, the developing countries of the region are witnessing a rise in infrastructure spending, which is resulting in construction and renovation of shopping malls, shopping complexes, hospitals, etc. This, in turn, is expected to fuel the demand for commercial garage doors during the forecast period.
Key Players Operating in Global Commercial Garage Doors Market
- 1st United Door Technologies
- Alulux Ltd.
- Garaga Inc.
- Garex Doors Enr.
- General Doors Corporation
- Martin Door Manufacturing, Inc.
- Novoferm GmbH
- Overhead Door Corporation
- Steel Craft Door Products Ltd.
- Windsor Door
Global Commercial Garage Doors Market: Research Scope
Global Commercial Garage Doors Market, by Type
- Retractable Lifting Gear
- Up And Over Doors with Canopy Lifting Gear
- Sectional Doors
- Roller Doors
- Others (Side Hinged Doors, Etc.)
Global Commercial Garage Doors Market, by Material
- Others (Fiberboards, etc.)
Global Commercial Garage Doors Market, by Mechanism
- Others (Folding, etc.)
Global Commercial Garage Doors Market, by Size
- Single Garage Doors
- Double Garage Doors
Global Commercial Garage Doors Market, by Usage
Global Commercial Garage Doors Market, by Application
- Others (Institutional, etc.)
Global Commercial Garage Doors Market, by Price
Global Commercial Garage Doors Market, by Distribution Channel
Global Commercial Garage Doors Market, by Region
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.