According to a market report by Lucintel, the future of the patio door market looks promising with opportunities in the new construction and remodeling/replacement applications. The global patio door market is expected to reach an estimated $45.4 billion by 2028 with a CAGR of 5.3% from 2023 to 2028. The major drivers for this market are rapid urbanization, increasing expenditure on home improvement & renovation activities, and growing trend of eco-friendly door technologies in the developed countries.
In this market, wood, aluminum, vinyl, steel, and fiberglass are the major product type segments. Lucintel forecasts that aluminum will witness the highest growth over the forecast period as aluminum patio doors are energy efficient, lighter in weight, and affordable as compared to other product types.
Within this market, new construction is expected to remain the larger application segment due it increasing disposable income and growing number of residential and commercial construction activities.
North America will remain the largest region due to significantly growing construction industry and the rapid rate of urbanization in the region.
Artisan Hardware, Colonial Elegance, Concept SGA, Simpson Door Company, Contractors Wadrobe, Jeld-Wen, Bayer Built WoodWorks, and Masonite International Corporation are the major suppliers in the global patio door market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global patio door market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Patio Door Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global patio door market by product type, application, and region, as follows:
Patio Door Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Wood
Aluminum
Vinyl
Steel
Fiberglass
Others
Patio Door Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
New Construction
Remodeling/Replacement
Patio Door Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the patio door market by product type (wood, aluminum, vinyl, steel, fiberglass, and others), application(new construction and remodeling/replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?