Garage and Overhead Door Market: Growth, Trends by 2024

The global garage and overhead doors market size was valued at USD 6.79 billion in 2021 and is projected to grow from USD 6.99 billion in 2022 to USD 9.94 billion by 2029, exhibiting a CAGR of 5.2% during the forecast period. North America dominated the garage and overhead doors market with a share of 58.02% in 2021.

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Garage and Overhead Doors Market Share, Size & Industry Analysis, By Material Type (Aluminum, Steel, Wood, Fiberglass, Vinyl, and Others), By End-user (Residential and Commercial), and Regional Forecast Between, 2022-2029

Top Companies of garage and overhead door market:

• Clopay Corporation (US)
• Sanwa Holdings Corporation (Japan)
• Wayne Dalton (U.S.)
• C.H.I. Overhead Doors (U.S.)
• Raynor Garage Doors (U.S.)
• PerforMax Global (U.S.)
• Dynaco (Belgium)
• Rite Hite (U.S.)
• Rytec Corporation (U.S.)
• Chase Doors (U.S.)
• Goff’s Enterprises (U.S.)

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Garage and Overhead Door Market Drivers and restrains:

• Drivers:
  • Increased Home Renovations: Rising home renovation and improvement activities drive the demand for modern and aesthetically pleasing garage and overhead doors.
  • Technological Advancements: Innovations in door automation, such as smart home integration and advanced security features, enhance the appeal and functionality of garage and overhead doors.
  • Growth in Residential and Commercial Construction: Expansion in residential and commercial construction projects boosts the need for new garage and overhead doors to accommodate new buildings and facilities.
  • Enhanced Security and Safety Features: Growing concerns about security and safety drive demand for doors with improved locking systems, impact resistance, and emergency release mechanisms.
  • Energy Efficiency and Insulation: Increasing focus on energy efficiency encourages the use of insulated doors that help in reducing energy costs and improving indoor climate control.
• Restraints:
  • High Installation and Maintenance Costs: The initial costs for purchasing and installing garage and overhead doors, along with ongoing maintenance expenses, can be a barrier for some consumers.
  • Complex Installation Requirements: Installation of advanced garage and overhead doors may require professional assistance due to complexity, which can increase overall costs and project timelines.
  • Market Competition and Price Pressure: Intense competition among manufacturers can lead to price pressure, affecting profit margins and market stability.
  • Dependence on Economic Conditions: Economic downturns can reduce consumer spending on non-essential home improvements, impacting demand for new garage and overhead doors.
  • Limited Awareness of Advanced Features: Lack of awareness or understanding of the benefits of advanced features may lead to slower adoption of new technologies and higher-end products in the market.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the garage and overhead door market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the garage and overhead door market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (By Material Type, End-user, and Country)
  • U.S. (By End-user)
  • Canada (By End-user)
• Europe (By Material Type, End-user, and Country)
  • U.K. (By End-user)
  • Germany (By End-user)
  • France (By End-user)
  • Italy (By End-user)
  • Rest of Europe
• Asia Pacific (By Material Type, End-user, and Country)
  • China (By End-user)
  • Japan (By End-user)
  • India (By End-user)
  • South Korea (By End-user)
  • Rest of Asia Pacific
• Middle East & Africa (By Material Type, End-user, and Country)
  • GCC (By End-user)
  • South Africa (By End-user)
  • Rest of the Middle East & Africa
• South America (By Material Type, End-user, and Country)
  • Brazil (By End-user)
  • Mexico (By End-user)
  • Rest of South America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of garage and overhead door market:

• Nucor Corporation finalized the acquisition of C.H.I. Overhead Doors, which operates as a prominent manufacturer of overhead doors in the market of North America for application in residential and commercial sectors. The strategic acquisition will help Nucor Corporation to establish itself as one of the key performers in the North American market.
• Alutech Group of Companies engaged in manufacturing and development of sectional doors systems and roller shutter systems has planned to collaborate under joint ventures with prominent automotive manufacturers in the region of Europe such as Rolls-Royce, Alfa Romeo, Maserati, Lancia, and Ferrari. The collaborations will aid the company in increasing their customer reach within the customers of aforementioned automotive brands.
• Pugleasa Company, Inc. begun its operations as Arbon Equipment Corporation, after the acquisition proceedings concluded that the company officially recognized as wholly-owned subsidiary of RiteHite.

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