Overview and Scope
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.
Sizing and Forecast
The bifold doors market size has grown strongly in recent years. It will grow from $10.67 billion in 2023 to $11.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth in the construction industry, rise in green buildings, growth of the restaurant industry, and increase in consumer preference for modernized interior designs.
The bifold doors market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The 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.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
The growth in the construction industry is expected to propel the growth of the bifold doors market going forward. The construction industry refers to an industrial branch of manufacturing and trade-related operations that includes infrastructure development, repair, renovation, and maintenance. Construction activities have been on the rise due to rapid industrialization and urbanization. These building activities are increasing the need for bifold doors, which provide dependable home renovation and greater safety for residential and non-residential structures such as schools, universities, offices, and government buildings. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. Additionally, according to the US Census Bureau, The value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022 with a growth rate of 10.2 percent. Therefore, the growth in the construction industry is driving the bifold doors market.
Key Industry Players
Major companies operating in the bifold doors market report are 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
The bifold doors market report table of contents includes:
1. Executive Summary
2. Bifold Doors Market Characteristics
3. Bifold Doors Market Trends And Strategies
4. Bifold Doors Market – Macro Economic Scenario
5. Global Bifold Doors Market Size and Growth
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31. Bifold Doors Market Other Major And Innovative Companies
32. Global Bifold Doors Market Competitive Benchmarking
33. Global Bifold Doors Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bifold Doors Market
35. Bifold Doors Market Future Outlook and Potential Analysis
36.Appendix
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