The wooden door market is experiencing growth due to the
increase in urbanization, a rise in disposable incomes and home
renovations and new constructions, where wooden doors are preferred
for their aesthetic appeal and durability
PORTLAND, Ore., Aug. 2, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Wooden Doors Market
by Material Type (Hardwood and Softwood), Product Type (Panel
Doors, Flush Doors, Glazed Doors, and Others), Application
(Household and Commercial): Global Opportunity Analysis and
Industry Forecast, 2024-2032". According to the report, the
wooden doors market was valued at $48.2
billion in 2023, and is estimated to reach $76.2 billion by 2032, growing at a CAGR of 5.3%
from 2024 to 2032.
Prime determinants of growth
Eco-conscious consumers are opting for sustainable building
materials, boosting the popularity of wooden doors. In addition,
advancements in wood treatment technologies enhance the durability
and maintenance of wooden doors, making them more attractive to
homeowners. The trend towards personalized home decor also plays a
significant role, as wooden doors offer versatility in design and
customization.
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Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base
Year
|
2023
|
Market Size in
2023
|
$48.2 billion
|
Market Size in
2032
|
$76.2 billion
|
CAGR
|
5.3 %
|
No. of Pages in
Report
|
250
|
Segments
covered
|
Material, Product Type,
Application, and Region
|
Drivers
|
Growing demand for
aesthetically pleasing and durable building
materials.
Expanding construction
activities in residential and commercial sectors.
Increasing preference
for eco-friendly and sustainable construction
practices.
|
Opportunities
|
Collaborations with
architects and designers to develop unique door
designs.
|
Restraints
|
Fluctuating prices of
wood and related materials.
|
The hardwood segment held the highest market share in
2023
Based on material, the hardwood segment held the highest market
share in 2023, accounting for more than three-fifth of wooden doors
market size due to several factors. Firstly, hardwoods like oak,
mahogany, and cherry offer superior durability and aesthetic
appeal, making them preferred choices for high-end residential and
commercial projects. Secondly, the perception of hardwoods as
premium materials contributes to their popularity among consumers
seeking luxury and quality. Additionally, advancements in hardwood
processing technologies have expanded design possibilities, further
fueling demand.
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The panel door segment held the highest market share in
2023
Based on product type, the panel door held the highest market
share in 2023, accounting for nearly two-fifths of the wooden doors
market share, due to its widespread adoption driven by multiple
factors. Firstly, panel doors offer versatility in design,
accommodating various architectural styles and interior décor
preferences. Secondly, advancements in manufacturing techniques
have enhanced the efficiency and cost-effectiveness of producing
panel doors. Additionally, panel doors provide better insulation
and soundproofing compared to other door types, meeting the demand
for energy-efficient and acoustically optimized spaces.
The household segment held the highest market share in
2023
Based on application, the household has the highest market share
in 2023, accounting for more than four-fifths of the wooden doors
market revenue due to robust residential construction activities
worldwide have fueled demand for wooden doors in homes. Secondly,
renovation and remodeling projects in the household sector continue
to drive sales. Additionally, increasing consumer preference for
wooden doors in residential settings, driven by their aesthetic
appeal, durability, and customization options, further consolidates
the household segment's dominance in the market.
North America to maintain
its dominance by 2032.
Based on region, North America
held the highest market share in terms of revenue in 2023,
accounting for more than two-fifths of the global wooden door
market revenue owing to robust construction activities,
particularly in the residential sector, have driven demand for
wooden doors. The region's strong economy and high consumer
spending bolstered sales. Additionally, growing awareness and
preference for eco-friendly and sustainable construction materials
have contributed to the dominance of wooden doors in North America. These factors collectively
solidified North America's leading
position in the market.
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Leading Market Players: -
- Masonite International Corporation
- JELD-WEN Holding, Inc.
- Pella Corporation
- Simpson Door Company
- Andersen Corporation
- Steves & Sons, Inc.
- Sun Mountain, Inc.
- Woodgrain Millwork, Inc.
- Bayer Built Woodworks
- Artisan Hardware
The report provides a detailed analysis of these key players of
the global wooden door market. These players have adopted different
strategies such as product launch, acquisition, agreement and
partnership and others to increase their market share and maintain
dominant shares in different regions. The report is valuable in
highlighting business performance, operating segments, product
portfolio, and strategic moves of market players to showcase the
competitive scenario.
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