The commercial overhead doors global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Commercial Overhead Doors Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Commercial Overhead Doors Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Commercial Overhead Doors Market Overview
Market Drivers –
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.
Market Trends –
The major companies operating in the cloud-based workload scheduling software market are focused on introducing innovative solutions, such as resource management and job scheduling platforms, to optimize cloud computing operations. Resource management and job scheduling platforms optimize resource allocation and task execution efficiency within cloud computing environments. For instance, in December 2023, Google Cloud, a US-based technology company, launched the Dynamic Workload Scheduler, a cloud-based workload scheduling software designed specifically for the AI hypercomputer. It optimizes the utilization and cost-effectiveness of AI/ML (artificial intelligence or machine learning) resources, including TPUs (tensor processing units) and NVIDIA GPUs (graphics processing units), by efficiently scheduling workloads like training and fine-tuning tasks. Flex Start Mode allows users to request GPU and TPU capacity for tasks like model fine-tuning and shorter training jobs when needed, automatically provisioning VMs and prioritizing shorter requests to optimize resource usage and costs. The scheduler leverages Google Borg technology, known for real-time scheduling capabilities within the Google ML Fleet, offering enhanced flexibility and efficiency for customers.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Commercial Overhead Doors Market Report Structure
3. Commercial Overhead Doors Market Trends And Strategies
4. Commercial Overhead Doors Market – Macro Economic Scenario
5. Commercial Overhead Doors Market Size And Growth
…..
27. Commercial Overhead Doors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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