Bifold Doors provide economic benefits as well as aesthetic value to the construction. This essentially drives the market for such doors across all application industry. The demand for Bifold Doors depend highly on the residential construction industry. The reason is attributed to the increasing disposable income as well as aesthetic values. Furthermore the manufacturers offers exhaustive rage of product line along with introducing various technology, automation and materials to the manufacturing of Bifold Doors. This is expected to further fuel the growth of the market in coming time.
The report has analyzed the market based on the two segments: material and application in the regions of North America, Europe, APAC and rest of the world. On the basis of material it includes wood, PVC, aluminum, and others. PVC is expected to show highest growth during the forecast period due to cost-effectiveness of the material. Moreover on the basis of application it is segmented as residential and non-residential, where residential is leading the market with largest market size. The scope of the market has widened over many years owing to the flourishing construction markets of Asia pacific. The global bifold doors market is expected to witness around 5% growth during the forecast period.
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Bifold Doors Market is seen growing in last couple of years due to the changing consumer preferences and increasing household investment on personal construction and renovations. The market has gained popularity owing to inclination towards bringing aesthetic appeal to the construction.
The market is further expanding due to increasing demand from the Asia-pacific countries such as China, India and Indonesia. The region has observed positive economic growth which in turn boosts the real-estate and infrastructure development. The various government policies offer lucrative investment opportunities to the foreign as well as domestic investors. For instance, the ‘Smart Cities’ initiative by the Indian government has led to increased real-estate development in the country which in turn boosts the demand for bifold doors. The global market is expected to grow at approximately 5% CAGR during the forecast period.
Market Research Analysis:
The Global Bifold Doors Market is expected to witness significant growth during the forecast period, due to the growth in the end-use industry. The demand is augmented essentially due to the rapid growth in residential construction in region of Asia-pacific. The market has been segmented on the basis of application into residential and non-residential. Residential construction is expected to lead the market with largest market size followed by non-residential segment, which includes commercial spaces, manufacturing industry and public utility spaces. However factors such as sustainability issues in construction industry is expected to hamper the market growth during the forecast period.
Scope of the Report:
This study provides an overview of the Global Bifold Doors Industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Bifold Doors Market as material and application. On the basis of material it is Segmented as wood, PVC, aluminum, and others. On the basis of application it is segmented as residential and non-residential.
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