PUBLISHER: 360iResearch | PRODUCT CODE: 1492415
PUBLISHER: 360iResearch | PRODUCT CODE: 1492415
[195 Pages Report] The Bifold Doors Market size was estimated at USD 139.94 billion in 2023 and expected to reach USD 147.63 billion in 2024, at a CAGR 5.63% to reach USD 205.34 billion by 2030.
Bi-fold doors, also called accordion or folding doors, consist of multiple panels that fold against each other when opened. They are typically used in residential and commercial properties to merge indoor and outdoor spaces seamlessly, allowing for increased natural light and improved accessibility. The major factors contributing to the expanding use of bi-fold doors include the growing demand for space-saving door solutions in modern architectural designs, the desire to enhance aesthetic appeal and property value, and the increased preferences for energy efficiency and natural light optimization in building constructions. However, the market faces challenges such as initial installation costs compared to traditional doors, the need for regular maintenance to ensure smooth operation, and potential issues with thermal efficiency and weatherproofing in certain models. Despite these challenges, advancements in materials and technology and innovations such as improved thermal insulation, more durable and low-maintenance materials, and enhanced security features provide future growth opportunities.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 139.94 billion |
Estimated Year [2024] | USD 147.63 billion |
Forecast Year [2030] | USD 205.34 billion |
CAGR (%) | 5.63% |
Regional Insights
In the Americas, particularly in North America, the market for bi-fold doors is experiencing steady growth, which is attributed to the increasing preference for aesthetic, space-saving solutions in both residential and commercial settings. The trend towards indoor-outdoor living, where homeowners are looking to blend outdoor and indoor spaces seamlessly. Moreover, advancements in material technology, offering higher energy efficiency and better durability, have made these products more appealing to the environmentally conscious consumer base in this region. In Europe, there is a high demand for energy-efficient bi-fold doors that offer thermal insulation, driven by stringent building regulations and a strong focus on reducing energy consumption. The Middle East shows a preference for high-end, luxury bi-fold door solutions, which is reflective of the region's construction trends in the residential and hospitality sectors. Africa, while still an emerging market for bi-fold doors, shows potential for growth, where urbanization and the growth in residential construction activities are notable. Asia-Pacific is witnessing rapid growth in the bi-fold doors market, owing to rapid urbanization, a booming real estate sector, and increasing income levels. There is a growing awareness and demand for energy-efficient and eco-friendly home solutions in these areas, contributing to the popularity of bi-fold doors. Additionally, the aesthetic appeal of bi-fold doors, offering uninterrupted views and enhanced natural light, aligns well with the architectural preferences in the region.
Market Insights
The market dynamics represent an ever-changing landscape of the Bifold Doors Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bifold Doors Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bifold Doors Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Origin's Launch of the Soho External Door to Enhance Home Aesthetics and Efficiency
Origin, the UK's manufacturer of luxury aluminum doors and windows, has introduced the pioneering Soho External Door (OB-36+), marking a significant advancement in its product lineup. This innovative aluminum bi-fold and French door system distinguishes itself with its minimalist glazing bars and exceptionally narrow 36mm sightlines. Noteworthy for being compliant with the 2025 building regulations ahead of schedule, it achieves U-Values as low as 1.0 W/m2K, aligning with the Future Homes Standard aimed at enhancing energy efficiency. [Published On: 2024-02-21]
Strategic Alliance Between Alunet Systems and EYG Revolutionizes Home Improvement Sector
Alunet Systems has partnered with Hull-based EYG, the UK's home improvement and double-glazing company. EYG's choice of Alunet as a partner is propelled by the desire to diversify its product offerings with cutting-edge bifold and sliding patio doors, recognized for their ultra-slim sightlines, contemporary design, and user-friendly features that facilitate a seamless installation process and enhance user experience. The partnership is driven by a mutual dedication to quality, reliability, and customer satisfaction. It leverages EYG's extensive reach and industry standing with Alunet's innovative door solutions, characterized by their sleek design and practicality. [Published On: 2023-10-26]
Roman's New Bi-Fold Door in the Innov8 Range, an Innovative Space-Saving Solution
Roman has expanded its Innov8 collection with an elegantly designed bi-fold door aimed at enhancing bathroom spaces with its minimal frame design. This addition is available in polished chrome or matt black finishes, featuring 6mm thick glass and customizable dimensions to fit various spaces. Standing at a height of 1,967mm, the door offers multiple width options and is complemented by chromed brass hinges, top caps, and crystal-clear PVC seals for durability and aesthetic appeal. Notably, this fully assembled, easily installable product promotes accessibility and space efficiency, making it a versatile choice for modern bathrooms. [Published On: 2023-10-25]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bifold Doors Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Bifold Doors Market, highlighting leading vendors and their innovative profiles. These include AG Millworks, Andersen Corporation, ASSA ABLOY Group, Associated Windows, AWM Windows and Doors, Deceuninck, Droylsden Glass, Eurocell, FSDC Global, JELD-WEN, Inc., Kloeber, Kolbe Windows & Doors, LaCantina Doors, Marvin Windows and Doors, Origin Frames Ltd., Pella Corporation, REHAU, Reynaers Aluminium, Sierra Pacific Industries, Solarlux, The Bi-folding Door Company, Tostem India, VEKA PLC, Weather Shield Mfg Inc, and Western Window Systems.
Market Segmentation & Coverage