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(HomeGarden247.com, December 04, 2021 ) The global doors market size is projected to grow from USD 90.6billion in 2020 to USD 118.2 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. The major driving factors of the market include rapid urbanization, rising residential and non-residential activities, growing middle-class income, and rising income level, especially in emerging economies such as India and China are expected to drive the doors market in the future.
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The keyplayers in the commodity plasticsmarket are Assa Abloy (Sweden),DromaKaba (Switzerland), (Ireland), Masonite (US), Andersen Corporation (US), Simpson Door Company (US), Jeld-Wen, Inc.(US), PGT (US), Fancy Doors &Mouldings(Canada), Cornerstone Building Brands(US), ARCAT (US), Lacantina Doors (US), Boon Edam (Netherlands), Pella Corporation (US), The Lyon &Billard Lumber Co.(US), Atrium (US), Fenesta (India), Corinthian Doors (Australia), Hormann (Germany), MI Windows and Doors, LLC (US), NovofermGmbh(Germany), Marvin (US), Viwintech Window & Door Inc.(US), Therma-Tru Corp. (US), and OCM Industrial Doors (Italy). These players have adopted various strategies, such asmerger & acquisition,investment & expansion, new product launch/development, and partnership, agreements, andjoint venturebetween 2013 and 2020, to enhance their market shares and expand their global presence.
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Assa Abloy is a global supplier and manufacturer of door opening solutions. It was formed as a result of the merger between ASSA (Sweden) and ABLOY (Finland). The company provides intelligent lock and security solutions satisfying the customer’s need of security, safety, and convenience such as access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, hotel security, and mobile access systems. The end-consumers of the company include airports, hospitals, stadiums, schools, offices, hotels, and homes.
• In October 2020, Assa Abloy acquired Olimpia Hardware (Costa Rica). This acquisition will help the company to increase its distribution network in Latin America.
Dorma Kaba was formed by a merger of Kaba Group (Switzerland) and Dorma Group (Germany) in September 2015. The company’s portfolio includes locking systems—from cylinders, keys, and locks to fully networked electronic access solutions—physical access systems, and automatic door systems, as well as a comprehensive range of door hinges and fittings and door controls.
• In July 2020, signed an agreement to sale its project installation business (Norway) to Låssenteret AS (Norway). With this sale of business, the company aims to optimize its business portfolio and concentrate on its core business.
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