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Hollow Metal Doors Market 2022 to 2032 American Fiberglass Holding Entry Door
Persistence Market Research estimates that by the end of 2021, the global hollow metal doors market will have generated US$3.3 billion in sales. By 2032, the market for hollow metal doors is anticipated to reach US$4.82 billion, growing at a CAGR of 3.6%.
The Hollow Metal Doors market is a rapidly growing sector of the construction industry around the world. Hollow metal doors are constructed from galvanized steel or stainless steel with a hollow core and are used in commercial, industrial, and residential buildings for interior and exterior applications. Hollow metal doors offer a number of advantages compared to other materials such as wood or fiberglass due to their durability, fire rating, acoustic insulation, security features, and cost-effectiveness. Additionally, they can be customized for various applications such as healthcare facilities or schools requiring additional safety features.
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The recent surge in demand for improved building infrastructure has resulted in higher sales of Hollow Metal Doors globally. This growth is attributed to several factors such as increased government spending on public infrastructure projects, rising concerns about security threats and energy efficiency requirements in commercial buildings, cost savings offered by these products over other options like wood or fiberglass doors, and technological advancements allowing customization of these products according to customer needs.
One of the key drivers of the hollow metal doors market is the increasing demand for fire-rated doors. In commercial and industrial buildings, fire-rated doors are required by building codes to prevent the spread of fire and smoke. Hollow metal doors are a popular choice for fire-rated doors because of their durability and resistance to fire, making them an ideal solution for these applications.
Another factor driving the growth of the hollow metal doors market is the growing construction industry. The increasing number of commercial and industrial buildings being built is driving the demand for hollow metal doors. In addition, the renovation and retrofitting of existing buildings is also driving the demand for these doors.
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The hollow metal doors market is segmented based on type, end-use, and region.
Based on type, the market is divided into standard hollow metal doors and custom hollow metal doors. Standard hollow metal doors are available in a variety of sizes and styles and are suitable for most applications. Custom hollow metal doors, on the other hand, are made to specific dimensions and design requirements to suit the unique requirements of a building.
Based on end-use, the hollow metal doors market is segmented into commercial, industrial, and residential. The commercial segment is expected to dominate the market, driven by the increasing demand for fire-rated doors in commercial buildings. The industrial segment is also expected to witness significant growth, driven by the growing construction of warehouses and other industrial buildings.
In terms of region, the hollow metal doors market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America is expected to dominate the market, driven by the increasing demand for fire-rated doors and the growing construction industry in the region. Europe is also expected to witness significant growth, driven by the increasing renovation and retrofitting of existing buildings in the region.
In conclusion, the global hollow metal doors market is expected to witness significant growth in the coming years, driven by the increasing demand for fire-rated doors and the growing construction industry. The market is segmented based on type, end-use, and region, with North America and Europe expected to dominate the market.
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Key Takeaways from Market Study
“Increasing construction of residential & commercial spaces and growing industrialization are expected to have a beneficial effect on market growth,” says a Persistence Market Research analyst.
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