Garage and Overhead Door Market: Key Trends, Revenue Opportunities, and Growth by 2024

The Garage and Overhead Door Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Garage and Overhead Door Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

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.

Recent industry developments are;

• 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.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

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 Segmentation:

By Material Type

• Aluminum
• Steel
• Wood
• Fiberglass
• Vinyl
• Others

By End-user

• Residential
• Commercial

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Garage and Overhead Door Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Garage and Overhead Door Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing demand for residential and commercial property security and convenience driving the growth of garage and overhead door installations.
  • Technological advancements in smart door systems, including remote access and automation features, enhancing user convenience and market appeal.
• Restraints:
  • High initial installation and maintenance costs may deter budget-conscious consumers from investing in high-quality garage and overhead doors.
  • Market saturation in developed regions can limit growth opportunities for new entrants and smaller manufacturers.

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…!

Garage and Overhead Door Market Regional Segmentation:

• 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

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