Fire Doors Market Business Growth 2019-2024 By Regional Players
Category: #headlines  By Partha Ray  Date: 2019-08-08
  • share
  • Twitter
  • Facebook
  • LinkedIn

Fire Doors Market Business Growth 2019-2024 By Regional Players

Global Market Insights has recently added a report on Fire Doors Market Share 2019-2024 which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Steel is projected to hold a dominating share in the global fire doors market, registering over USD 7.5 billion revenue by 2024. Improved strength along with better durability will escalate the product scope. Higher protection along with improved aesthetics are among the key factors fueling the business demand. Availability of design and size customizations will positively influence the industry share.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1715

An increasing count of educational institutes, hospitals, and hotels will stimulate the industry growth in the commercial segment. Increasing government focus on buildings adhering to maintain minimum safety norms will boost the business expansion. The rapid development of the construction sector in-line with smart city projects is expected to create new growth opportunities. Design innovations for better aesthetic appearance accompanied by high safety features is propelling the market growth.

Hinged door sales were over USD 5.5 billion in 2017. Cost competitiveness along with the effective fire resistance capacity will surge the product penetration. Minimal maintenance cost along with enhanced fire protection is augmenting the market growth. External use fire doors accounted for over 85% of the share in 2017. Mandatory installation requirements in housing and commercial buildings will boost the fire doors market growth. Enhanced design options to make the product sustainable and trendy will support the product demand over the forecast timeframe.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1715

Sliding doors will witness a significant growth due to its benefits with respect to space saving, easy access, effective glazing, improved security, and availability of multiple styles. The product is more appropriate for small areas with limited space. Factors including economical maintenance, contemporary style, high durability, larger air ventilation across the room, and convenient large traffic movement will support product penetration in the market.

The commercial sector will witness over 6.5% growth from 2018 to 2024. Rapid expansion of commercial buildings due to rising industrialization is positively influencing the market development. Increasing government spending on hospital safety to reduce fire incidences will stimulate the industry growth.

Asia Pacific was valued at witnessing sales at over 2.5 billion in 2017. The infrastructure investment spree and thriving residential sector have gradually started to spur demand for construction. Rising count of offices, growing travel & tourism sector, coupled with stringent government norms with respect to building security is fueling the market growth. China, India, Australia, and South Korea are among the key revenue generating countries.

The global industry share is highly competitive with the presence of large multinationals, along with presence of regional manufacturers. The key industry players in the market include Hormann, Chase, Mesker, Nihon Funen, Assa Abloy, Naffco, Rapp Bomek, and Vista Panels. Other prominent players include Fusim, Agta Record, Buyang Group, Jia Hui, and Taotao. Mergers & acquisitions to expand the product portfolio along with expanding the distribution network are among the major strategies observed in the industry.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More

More News By Partha Ray

Industry Liquid Waste Management Market Size : Technological Advancement and Growth Analysis with Forecast to 2025
Industry Liquid Waste Management Market Size : Technological Advancement and Growth Analysis with Forecast to 2025
By Partha Ray

The 'Industry Liquid Waste Management market' study added by Market Study Report, LLC, exhibits a comprehensive analysis of the growth trends present in the global business scenario. The study further presents conclusive data referring to the commerc...

Runtime Application Self-Protection Software Market Size Outlook 2025: Top Companies, Trends, Growth Factors Details by Regions, Types and Applications
Runtime Application Self-Protection Software Market Size Outlook 2025: Top Companies, Trends, Growth Factors Details by Regions, Types and Applications
By Partha Ray

The 'Runtime Application Self-Protection Software market' study now available with Market Study Report, LLC, is a systematic detailing of the potential factors driving the revenue statistics of this industry. Key data documented in the study includes...

Domain Name System Service Market Size : Technological Advancement and Growth Analysis with Forecast to 2025
Domain Name System Service Market Size : Technological Advancement and Growth Analysis with Forecast to 2025
By Partha Ray

Global Domain Name System Service Market Report added by Market Study report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global Domain Name Syst...