Industry Background:
Bifold doors, doors that slide open, made from a series of panels that fold up against the wall like concertina doors or folding sliding door. These doors are applicable in various applications such as patio doors, balcony doors, interior dividers and store & restaurants front doors among others. The continuous growth in the urban population and increasing spending capacity have driven the growth of the residential segment in this market. Interior design plays a key role in the construction and renovation sector, which consequently drives the bifold doors market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Andersen Corporation (United States), JELD-WEN (United States), The Pella Corporation (United States), The YKK Group (Japan), Cornerstone Building Brands (United States), Chase Windows Co. (United Kingdom), Euramax Solutions Limited (United Kingdom), Kloeber UK Ltd (United Kingdom), Origin Frames Ltd. (United Kingdom), The Bi-folding Door Company (United Kingdom), NanaWall System Inc. (United States) and TWR Bifolds (United Kingdom) |
According to AMA, the market for Bifold Doors is expected to register a CAGR of 5.4% during the forecast period to 2030. This growth is primarily driven by Increasing Demand for Efficient Doors that offer Sufficient Insulation as well as Heat Retention and Growing Construction Activity Globally.
Globally, a noticeable market trend is evident Changing Interior Décor Preferences Of Customers in Developed Nations Major Vendors, such as Andersen Corporation (United States), JELD-WEN (United States), The Pella Corporation (United States), The YKK Group (Japan), Cornerstone Building Brands (United States), Chase Windows Co. (United Kingdom), Euramax Solutions Limited (United Kingdom), Kloeber UK Ltd (United Kingdom), Origin Frames Ltd. (United Kingdom), The Bi-folding Door Company (United Kingdom), NanaWall System Inc. (United States) and TWR Bifolds (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Developments in the Market:
In 2022, Express Bi-folding Doors announced the launch of two new bi-folding door systems, the newly modified XP View and the XP88, with the former offering a stunning flush frame concept and slender sightlines of just 90mm, and the latter being the slimmest bi-folding door product within their portfolio.
In May 2022, Schüco launched its new AS FD bi-fold door system, which delivers the largest maximum leaf size on the market, slim profiles, and simplified fabrication and installation.
Influencing Trend:
Changing Interior Décor Preferences Of Customers in Developed Nations
Market Growth Drivers:
Increasing Demand for Efficient Doors that offer Sufficient Insulation as well as Heat Retention and Growing Construction Activity Globally
Challenges:
Installation of Bifold Doors Requires Careful and Precise and Fluctuating Raw Material Prices
Restraints:
High Cost Associated with these Doors, Owing to Use of Multiple Panels for Folding Mechanism and High Investment & Installation Costs Of Eco-Friendly Doors
Opportunities:
Rapid Urbanization and Increase in Disposable Income among Consumer Globally and Growth in Awareness among Individuals towards Interior Designing and their Propensity
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Bifold Doors Market
- Analysis about New Entrants in Bifold Doors Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Bifold Doors Study Sheds Light on
The Bifold Doors Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bifold Doors industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bifold Doors industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.