Shibuya-ku, Tokyo, Japan, Japan, Feb 02, 2021, 06:17 /Comserve / -- Prominent Vendors: Koninklijke Philips, ResMed, Boston Scientific, Medtronic, Connect America
The high performance doors market by revenue is expected to grow at a CAGR of approx. 4% during the period 2019–2025. The global high performance doors market is expected to achieve an incremental revenue of $940 million between 2019 and 2025. The market is mainly driven by the demand for secure and operationally-efficient doors, which reduce the cycle time in industries. Most industrial spaces are implementing the latest infrastructure and technology to improve the overall aesthetics of the space, while ensuring maximum security and convenience. Fire-rated and thermally efficient high-performance doors can prove highly beneficial for industrial spaces, and investments in production sites are expected to further contribute to the growth of the market. To reduce energy consumption, several countries worldwide are standardizing norms to make the building envelope as well as fenestration more efficient by installing energy-efficient doors.
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Prominent Vendors
• Koninklijke Philips
• ResMed
• Boston Scientific
• Medtronic
• Connect America
INSIGHTS BY VENDORS
The global high performance doors market is in the nascent stage of growth, with many countries still experimenting with the concept. The growth of the market is expected to be majorly driven by the increasing end-user demand and production flow. The competition is currently stiff in the end-user segment as several companies are looking to gain a first-mover advantage. Also, the market is not facing tough competition from substitute products. Hence, the high speed door manufacturers are slow in scaling up their operations.
High Performance Doors Market Segmentation
The high performance doors market research report includes a detailed segmentation by material, function, installation, end-user, and geography. The metal segment led the high performance doors market with a share of 66% in 2019. Metal doors are expected to register CAGR during the forecast period. The growth in the replacement sector is expected to boost the market. A high share in the demand is linked to the growing non-residential construction, new permits in several countries, and the increasing demand for renovation and retrofit projects.
The fabric segment constitutes the second largest high performance doors market share. Low-cost manufacturing is boosting the demand for fabric material among end-user. The construction sector is expected to observe a decline in the production and sale due to the COVID-19 pandemic and delay in supply of materials and products. Therefore, the decline in construction activities is expected to affect the segment. High-density PVC is the major material used in high-performance fabric doors. Moreover, the major factors of the growing use of PVC as one of the main materials for manufacturing high-performance doors are low cost and durability.
Rolling doors are durable and provide high operating speed, which is increasing their application. They require low maintenance and repair costs, depending on the application and end-user type. These are used to maintain special environments and hygienic conditions such as laboratories, pharmaceuticals, among others.
High performance sliding doors have advanced thermal features to endure the growing demand in cold storage applications. Since these are used in refrigerated warehouses, the growth rate in refrigerated warehouse capacity is expected to create opportunities in the market across the globe. With growing opportunities in infrastructure development such as warehouses, the market is expected to grow. Moreover, the gradual increase in cold storage and freezer facilities is expected to boost the demand in the market.
The rise in replacement activities is expected to contribute to the growth of the segment, especially in APAC and Europe. The demand for high-performance replacement doors is growing because of the need to upgrade functional features of the existing ones. The replacement demand is currently driving the requirement of sliding and insulated folding doors, largely due to their enhanced insulating properties as well as easy operations and efficient use of the space. The new construction market is expected to gain traction during the period 2021–2025. Hence, the application of high-performance doors in new factories and other industrial infrastructures is expected to grow. Moreover, APAC is expected to lead the global port construction sector, which is expected to generate demand for high performance door solutions in the new construction sector during 2020–2025. However, due to COVID-19, construction projects are expected to decrease and are likely to impact the overall market in 2020 and 2021.
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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Cold storage end-user was the largest segment in 2019, accounting for a market share of 25%. Cold storage facilities require technical doors, which are expected to maintain the temperature variations, particularly during the fast movement of goods in and out of the freezer room.
Table of Content
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusion
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Material Type
4.3.2 Market Segmentation by Function Type
4.3.3 Market Segmentation by Installation Type
4.3.4 Market Segmentation by End-User Type
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
The study considers the present scenario of the high performance doors market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Questions Answered
1. What is the high performance doors market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the high performance doors market shares?
3. How is the growth of the cold storage segment influencing the growth of the high performance doors market?
4. Who are the leading vendors in the high performance doors market, and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the high performance doors market?
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