Door System Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The world market for door systems is estimated to reach $ 73.32 billion by 2023, with a forecast to reach $ 95.2 billion by 2032. The CAGR is 2.94% from 2024 to 2032. The market is growing for several reasons, including the growing demand for energy-saving and smart door systems, which are becoming indispensable in both the residential and commercial sectors. Also, the integration of IoT and automation into door systems is driving the market. The consumers are looking for increased security and comfort. The leading companies in the door systems market, such as ASSA ABLOY, Allegion, and Schlage, are actively investing in new solutions and entering into strategic alliances to enhance their product portfolios. For example, ASSA ABLOY has focused on developing smart locks, while Allegion has expanded its product portfolio through acquisitions and strategic alliances to include new security features. These strategic initiatives not only strengthen the companies' positions in the market, but also respond to the changing preferences of consumers for modern, energy-efficient, and safe door systems.

Regional Market Size

Regional Deep Dive

The door systems market is experiencing a significant growth in various regions. It is driven by the increasing building activities, urbanization and a growing awareness of energy efficiency. In North America, the market is characterized by a strong demand for new door systems, which enhance security and aesthetics. In Europe, the focus is on sustainable materials and smart door technology. The Asia-Pacific region is experiencing rapid growth, driven by urbanization and a growing middle class. The Middle East and Africa are investing in building and infrastructure, while Latin America is concentrating on modernization and refurbishment. All of these factors contribute to the dynamic development of the door systems market.

Europe

• In Europe, there is a notable trend towards the use of sustainable materials in door manufacturing, with companies like Jeld-Wen and Hormann investing in eco-friendly production processes.
• The European Union's stringent regulations on building energy performance are driving demand for high-performance door systems that meet energy efficiency criteria.

Asia Pacific

• The Asia-Pacific region is experiencing rapid urbanization, with countries like China and India investing heavily in infrastructure projects, leading to increased demand for various door systems.
• Innovations in manufacturing processes, such as the use of advanced composites and automation, are being adopted by key players like ASSA ABLOY and Allegion to meet the growing market needs.

Latin America

• In Latin America, there is a growing trend towards modernization in residential and commercial buildings, with local manufacturers like Grupo LALA investing in innovative door solutions.
• Economic recovery efforts post-pandemic are leading to increased construction activities, which is positively impacting the demand for door systems across the region.

North America

• The North American market is increasingly adopting smart door systems, with companies like Schlage and Kwikset leading the charge in integrating technology for enhanced security and convenience.
• Regulatory changes in energy efficiency standards are pushing manufacturers to innovate, with organizations such as the U.S. Department of Energy promoting energy-efficient door solutions.

Middle East And Africa

• The Middle East is seeing a surge in luxury real estate developments, with companies like Al-Futtaim and Emaar Properties focusing on high-end door systems that enhance property value.
• Government initiatives aimed at improving infrastructure, such as Saudi Arabia's Vision 2030, are expected to boost the demand for modern door solutions in the region.

Did You Know?

“Did you know that the global door system market is increasingly influenced by the rise of smart home technology, with smart locks expected to dominate the market in the coming years?” — Market Research Future

Segmental Market Size

The market for door systems is growing at a steady rate, with increasing demand for energy-saving and smart building solutions. A key factor driving the market is the growing demand for automation in this field, as well as the stricter regulations relating to safety and energy-saving building technology. Also stimulating demand are the technological developments in smart door systems, such as biometric access and IoT integration. The current market development of door systems is in the early stages of commercialisation, with companies such as ASSA ABLOY and Allegion leading the way in smart access solutions. The most notable regions are North America and Europe, where smart building initiatives are widespread. The main application areas are in the residential, commercial and industrial sectors, with solutions such as automatic sliding doors in retail premises and access control systems in offices. Macro-developments such as the drive towards more sustainable solutions and the push for contactless access solutions as a result of the flu pandemic are accelerating growth. The main trends influencing this market are the development of new locking mechanisms, mobile access solutions and energy-saving materials.

Future Outlook

From 2023 to 2032, the market value for the door system is expected to increase from 73,32 billion to 95,2 billion, at a compound annual growth rate (CAGR) of 3.1 percent. The main driving force is the rising urbanization, the increasing construction activity and the growing awareness of energy saving and security in residential and commercial buildings. The demand for advanced door systems that use energy-saving materials and smart technology is also expected to increase significantly. Smart door systems are expected to take up about a quarter of the market in 2032. IoT and automation will be integrated into the home and building automation systems. The development of smart and automatic lock systems will also drive the market. Government policies to improve building standards and safety regulations will also promote the use of new door systems. The increasing popularity of biophilic design and the demand for door systems with individual solutions will also play a major role in the market. The door system market is evolving, and the door system industry should be flexible and responsive to market changes to seize the opportunities.