DUBLIN, Feb. 8, 2024 /PRNewswire/ — The “US Garage Door Market – Focused Insights 2024-2029” report has been added to ResearchAndMarkets.com’s offering.
The latest comprehensive research reveals pivotal insights into the US garage door market’s robust growth, estimating its value to be approximately $3.36 billion in 2023, with a forecast of rising demand and unit shipments reaching 3.53 million within the same year.
This insightful analysis offers in-depth knowledge of the region’s adoption trends, technological advancements, and competitive market dynamics.
Driving Forces Behind Market Expansion
A surge in new construction activities and the escalating popularity of smart home technology are instrumental in fueling the market’s growth. Advancements such as infrared sensors and Bluetooth-enabled garage doors are catering to an audience that values automation and convenience. The shift towards sustainable products is also influencing market preferences, with a significant uptick in eco-friendly and energy-efficient materials like wood, aluminum, and steel being noted.
Rising Construction Activities Bolster Market Opportunities
The increased rate of both residential and commercial construction projects, especially those emphasizing green building practices, is directly proportional to the rise in demand for high-performance garage doors. These doors often come equipped with specialized treated glass and thermal insulation properties, catering to the modern consumer’s demands for energy conservation.
Enhanced Features and Commercial Sector Traction
Homeowners with a growing number of vehicles are expanding their garage spaces, consequently augmenting the demand for garage doors. The burgeoning construction of commercial buildings, including leisure and hospitality, retail, and data centers, paves a pathway of opportunities for vendors in the US garage door industry.
Garage Door Innovations and Consumer Preferences
- The market is responding to consumers’ preference for added value features like wind resistance and improved durability. Enhanced insulation remains a priority for buyers looking to minimize energy costs and utilize their garage spaces for various purposes, including workshops and office spaces. List of Market-Leading Vendors
- The report identifies leading vendors, including ASSA ABLOY, C.H.I. Overhead Doors, Clopay Corporation, Hörmann, and Overhead Door Corporation, as key players in the sector. Along with other prominent vendors, they are shaping the competitive landscape through strategic collaborations and product advancements. Market Segmentation Analysis
- The study provides detailed segmentation of the market by type, material, operation, and end-user, contributing to a comprehensive understanding of the different facets driving market growth. This distribution is supported by corresponding revenue and units data.
Market Dynamics and Competitive Landscape
An evaluation of the market dynamics, including drivers, restraints, opportunities, and trends, presents a well-rounded picture of the current market scenario. The research lays out a robust competitive landscape analysis, giving stakeholders valuable insights into strategic maneuvers in the industry.
Key Vendors
- ASSA ABLOY
- C.H.I. Overhead Doors
- Clopay Corporation
- Hormann
- Overhead Door Corporation
Other Prominent Vendors
- Access Garage Doors
- American Garage Door
- ArmRLite Overhead Doors
- Artisan
- CAME
- Carriage House Door
- Cedar Park Overhead Doors
- Craft Doors USA
- DDM Garage Doors
- DoorHan Group
- doorLink Manufacturing
- Everite Door Works
- Garaga
- General Doors Corporation
- Haas Door
- Hollywood Overhead Door Company
- Hurricane Master Garage Doors
- Janus International
- Martin Door
- Midland Garage Door
- ProDoor Manufacturing
- Raynor Garage Doors
- Safe-Way Door
- WalkThru Garage Doors
- Windsor Door
SEGMENTATION & FORECAST
Type (Revenue & Units)
- Sectional
- Roller
- Up and Over
- Side Hinged
- Side Sliding
Material (Revenue & Units)
- Metal
- Wood
- Fiberglass
- Others
Operation (Revenue & Units)
- Manual
- Automatic
End-User (Revenue & Units)
- Residential
- Commercial
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of US Garage Door Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
- About the Analyst
For more information about this report visit https://www.researchandmarkets.com/r/lzo6sr
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SOURCE Research and Markets
