The Bifold Doors Global Market Report 2023 by The Business Research Company, provides bifold doors market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Bifold Doors Global Market Report 2023, the global bifold doors market size grew from $10.06 billion in 2022 to $10.66 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the bifold doors is expected to grow to $12.96 billion in 2027 at a CAGR of 5.0%.
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.
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The bifold doors market is segmented:
1) By Type: French Doors, Sliding Pocket Doors, Sliding Patio 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
Product innovations have emerged as a key trend gaining popularity in the bifold doors market. Major companies operating in the bifold doors sector are focused on innovative products to reinforce their position. For instance, in September 2021, Sheerline, a UK-based manufacturing company that provides aluminum windows, doors, bi-folds, and roof lanterns, launched the Prestige bi-folds. In comparison to comparable aluminum bi-folds that use polyamide thermal breaks, it is equipped with Sheerline’s multi-chambered Thermlock technology, which guarantees improved thermal performance. The innovative series of bi-fold doors from Sheerline Prestige integrates innovation, sustainability, aesthetics, and security.
Top 5 Major Key Players Are:
Ply Gem Industries Inc
Nana Wall Systems Inc
AG Millworks
Pella Corporation
TWR Trade Frames Ltd.
Table Of Contents
1. Executive Summary
2. Bifold Doors Market Characteristics
3. Bifold Doors Market Trends And Strategies
4. Bifold Doors Market – Macro Economic Scenario
5. Bifold Doors Market Size And Growth
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26. Africa Bifold Doors Market
27. Bifold Doors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bifold Doors Market
29. Bifold Doors Market Future Outlook and Potential Analysis
30. Appendix
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