Overview and Scope
Commercial overhead doors refer to large vertical doors that are commonly installed in industrial, commercial, and institutional buildings to give access for cars, products, and staff. These doors are intended to open vertically and are typically controlled manually or with the help of electric motors, pulleys, and tracks. These doors are utilized to provide efficient and secure entry, maximize space use, and improve operational efficiency.
Sizing and Forecast
The commercial overhead doors market size has grown strongly in recent years. It will grow from $2.76 billion in 2023 to $3.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to industrialization, urbanization, construction industry trends, demographic shifts, disaster recovery, and resilience.
The commercial overhead doors market size is expected to see strong growth in the next few years. It will grow to $4.36 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to sustainability initiatives, e-commerce expansion, regulatory changes, infrastructure investments, and industry-specific. Major trends in the forecast period include energy-efficient solutions, a focus on safety and security, customization and personalization, regulatory compliance and standards, and resilience against extreme weather events.
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Segmentation & Regional Insights
The commercial overhead doors market covered in this report is segmented –
1) By Type: Sectional Doors, Rolling Doors, High Speed Doors, Other Types
2) By Distribution Channel: Direct, Indirect
3) By Application: Garage, Warehouse, Other Applications
North America was the largest region in the commercial overhead doors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial overhead doors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for commercial construction is expected to propel the growth of the commercial overhead doors market going forward. Commercial construction is the process of designing, renovating, and constructing spaces for commercial, industrial, or business purposes. The demand for commercial construction is influenced by several factors, such as e-commerce expansion, infrastructure investments, and real estate investment. Commercial overhead doors allow for the efficient transportation of goods, materials, and equipment into and out of industrial and commercial facilities. These doors also prevent unauthorized entry, theft, and vandalism, protecting the safety of precious assets, inventories, and equipment held in commercial and industrial facilities. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, private commercial construction experienced a notable increase of $1850 million (£1,723 million) in 2022, representing a growth rate of 7.3% compared to the previous period. Therefore, the growing demand for commercial construction is driving the growth of the overhead doors market.
Key Industry Players
Major companies operating in the commercial overhead doors market are Assa Abloy AB, Janus International Group LLC, Wayne Dalton Corporation, Clopay Building Products Company Inc., Raynor Worldwide Inc., Amarr Garage Doors (Entrematic Group AB), Hormann Group, CornellCookson, C.H.I. Overhead Doors, Haas Door Company, Martin Door Manufacturing Ltd., Jamison Door Company, North Central Door Company, Richards-Wilcox Canada, Rite-Hite Holding Corporation, Midland Garage Door Manufacturing Company, Pioneer Door Inc., Rytec Corporation, PerforMax Global LLC, Michigan Commercial Door Group LLC, American Garage Door Supply Inc., Best Rolling Manufacturer Inc., Overhead Door Corporation
The commercial overhead doors market report table of contents includes:
1. Executive Summary
2. Commercial Overhead Doors Market Characteristics
3. Commercial Overhead Doors Market Trends And Strategies
4. Commercial Overhead Doors Market – Macro Economic Scenario
5. Global Commercial Overhead Doors Market Size and Growth
……………………………
32. Global Commercial Overhead Doors Market Competitive Benchmarking
33. Global Commercial Overhead Doors Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Commercial Overhead Doors Market
35. Commercial Overhead Doors Market Future Outlook and Potential Analysis
36. Appendix
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