PUBLISHER: The Business Research Company | PRODUCT CODE: 1619582
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619582
Fiberglass doors are constructed from a composite material consisting of a plastic matrix reinforced with fine glass fibers. These doors are celebrated for their durability, strength, and resistance to environmental factors such as moisture, temperature changes, and insects. They are widely used in both residential and commercial buildings due to their appealing appearance and practical benefits.
The primary types of fiberglass doors are interior and exterior. Interior fiberglass doors are designed for use within buildings, offering durability, low maintenance, and versatile aesthetics. These doors come in various designs, including solid doors and those with glass panels. They are available through both direct and indirect sales channels and are utilized in residential and non-residential environments.
The fiberglass doors market research report is one of a series of new reports from The Business Research Company that provides fiberglass doors market statistics, including the fiberglass doors industry's global market size, regional shares, competitors with a fiberglass doors market share, detailed fiberglass doors market segments, market trends and opportunities, and any further data you may need to thrive in the fiberglass doors industry. This fiberglass doors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fiberglass doors market size has grown strongly in recent years. It will grow from $13.03 billion in 2023 to $14.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth during the historic period can be attributed to several factors such as heightened regulations and standards for energy efficiency, growing awareness of environmental sustainability, steady economic expansion in various regions, increased construction activities, a rise in home renovation and remodeling projects, and the cost advantages of fiberglass doors.
The fiberglass doors market size is expected to see strong growth in the next few years. It will grow to $20.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth during the forecast period can be attributed to several factors such as the increasing adoption of smart home technologies, a greater emphasis on green building certifications and sustainable construction practices, rapid urbanization and ongoing infrastructure development, a rising demand for customized and aesthetically appealing doors, and continued advancements in materials science and manufacturing technologies. Major trends expected in the forecast period include integration with smart home systems, customization and personalization of doors, advances in materials and design, a focus on sustainable and eco-friendly products, and innovative design aesthetics.
The increase in construction activities is anticipated to drive the growth of the fiberglass doors market moving forward. Construction activities involve the planning, designing, building, and maintenance of structures or infrastructure. This increase is driven by factors such as population growth, urbanization, economic development, and advancements in construction technology. Fiberglass doors enhance durability, energy efficiency, and aesthetic appeal in construction projects, contributing to the growth in construction activities. For example, in June 2023, the Northern Ireland Statistics and Research Agency reported a 6.5% expansion in the overall construction industry from Q1 2022 to Q1 2023, with the housing sector growing by 11.1% and the infrastructure subsector by 3.7%. Thus, the rise in construction activities will boost the fiberglass doors market.
Leading companies in the fiberglass doors market are forming strategic partnerships to deliver innovative integrated storm and entry door systems. These partnerships involve companies combining their strengths and resources to achieve shared goals and success. For example, in January 2022, Therma-Tru Corp., a US-based manufacturer of fiberglass entry doors, teamed up with Larson, Inc., a US-based storm door manufacturer, to launch the Impressions integrated storm and entry door system. This system features a storm door seamlessly integrated into the door frame's brickmold, creating a unified design while allowing fresh air through an interchangeable screen. Notable features include retractable pin hinges for easy installation and a hidden closer with Click&Hold technology, improving both functionality and user experience.
In June 2024, MasterGrain, a Canada-based manufacturer of fiberglass exterior doors and components, acquired Fibercraft Door Company for an undisclosed amount. This acquisition enables MasterGrain to incorporate Fibercraft's expertise and innovative products into its portfolio, enhancing its manufacturing capabilities and expanding its product range. Fibercraft Door Company, based in Canada, specializes in customized, large-format fiberglass pivot door systems.
Major companies operating in the fiberglass doors market are ASSA ABLOY Group, Jeld-Wen Holding Inc., Masonite International Corporation, Pella Corporation, Therma-Tru Corporation, Milgard Manufacturing LLC, Weather Shield Mfg, Inc., Provia Llc, Steves and Sons Inc., GlassCraft Door Company, Kohltech International Limited, Plastpro Private Limited, Trinity Glass International Inc., Feather River Fiberglass Door System, Taylor Entrance Systems, ETO Doors Corporation, Fibertec Window and Door Manufacturing Inc., Neuma Doors, MasterGrain, Glasscraft Decorative Limited
Asia-Pacific was the largest region in the fiberglass doors market in 2023. The regions covered in the fiberglass doors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fiberglass doors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fiberglass doors market consists of sales of entry doors, patio doors, and storm doors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fiberglass Doors Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fiberglass doors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fiberglass doors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fiberglass doors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.