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Door Systems Market by Type, Mechanism, Technology, Application  & Region - Global Trends & Forecasts to 2020

Door Systems Market: Forecasts until 2020

  • July 2015
  • 246 pages
  • ID: 3176822
In this report:
In 2014, the company generated USD ## million and USD ## million net sales through its door and security segment, representing an increase of ##% and ##%, respectively, as compared to 2013.
The swinging door systems market for residential segment was ##.## million units in 2014, which is expected to reach ##.## million units, growing at a CAGR of ##.##% during the forecast period.

Summary

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Consumers have become more concerned with their safety and security which results in the increase in demand for high security doors. Elements such as improving overall economy, quick urbanization, high disposable income, and increasing middle class families in emerging countries including China and India (IN) have increased the need for buildings. This in turn will stimulate the industry demand for door systems market.

The key competitors in the sector have a strong distribution network across the globe and the financial strength to sustain them. The same cannot be said about new industry entrants in the industry. For the door systems market, it is essential to have a strong distribution network to enable timely delivery of the product to customers as well as implement all the rules and regulations set by different regulatory bodies. New sector entrants find it difficult to compete against established actors in this regard.

The actors in the overall door systems market are well-established. It is very difficult for new actors to enter the sector and compete with established actors since final users prefer products from established actors.

Growing disposable incomes of people in developing countries, improvement in construction market, and growing consumer expectation of high security doors drive the rise of the door systems market. Stringent rules and regulations in the door systems and increasing environmental concerns are the biggest challenges faced by actors in the industry.

The overall door systems market is marked with intense competition due to the presence of a big number of both, big and small companies. Recent product launches, mergers & acquisitions, and alliances and business developments are the top strategies approved by market actors to assure their increase in the sector. The top players in the market Masco Corporation, Assa Abloy, Fortune Brands Home & Security, Incorporated, Allegion PLC, Masonite International Corporation, Ply Gem Holding Inc., DuluxGroup Limited, PGT, Incorporated, Andersen Corporation and Jeld Wen, Incorporated.

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