Global Garage Door Hardware Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029
According to our (Global Info Research) latest study, the global Garage Door Hardware market size was valued at USD 1610.3 million in 2022 and is forecast to a readjusted size of USD 1976 million by 2029 with a CAGR of 3.0% during review period.
The garage door hardware market is experiencing steady growth due to the increasing demand for garage doors in residential and commercial buildings. The market is expected to witness significant growth in the coming years, driven by factors such as urbanization, rising disposable incomes, and the need for improved security. The North American region dominates the garage door hardware market, accounting for a significant share of the global market. This can be attributed to the high adoption rate of garage doors in residential buildings and the presence of key market players in the region. Europe is also a prominent market for garage door hardware, driven by the growing construction industry and the need for energy-efficient solutions. The Asia Pacific region is expected to witness substantial growth due to rapid urbanization and increasing disposable incomes in countries like China and India. The garage door hardware market is highly fragmented, with the presence of numerous small and medium-sized players. However, a few key players hold a significant market share due to their strong distribution networks, brand reputation, and product portfolio. These players focus on product innovation, strategic partnerships, and mergers and acquisitions to maintain their market position. The growing trend of smart homes presents a significant opportunity for the garage door hardware market. Integration of garage door openers with smart home systems allows users to control and monitor their garage doors remotely. Additionally, the increasing focus on energy efficiency and sustainability is driving the demand for eco-friendly garage door hardware, such as insulated doors and energy-efficient openers. One of the major challenges faced by the garage door hardware market is the high cost of installation and maintenance. This can deter price-sensitive consumers from investing in garage doors. Additionally, the market faces competition from alternative solutions such as carports and parking lots, which offer cost-effective parking options. Overall, the garage door hardware market is expected to witness steady growth in the coming years, driven by factors such as urbanization, rising disposable incomes, and the need for improved security. However, market players need to focus on product innovation, cost-effective solutions, and strategic partnerships to capitalize on the market opportunities and overcome the challenges.
The Global Info Research report includes an overview of the development of the Garage Door Hardware industry chain, the market status of Residential (Aluminum/Metal Door Hardware, PVC Door Hardware), Commercial (Aluminum/Metal Door Hardware, PVC Door Hardware), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Garage Door Hardware.
Regionally, the report analyzes the Garage Door Hardware markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Garage Door Hardware market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Garage Door Hardware market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Garage Door Hardware industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Aluminum/Metal Door Hardware, PVC Door Hardware).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Garage Door Hardware market.
Regional Analysis: The report involves examining the Garage Door Hardware market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Garage Door Hardware market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Garage Door Hardware:
Company Analysis: Report covers individual Garage Door Hardware manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Garage Door Hardware This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Residential, Commercial).
Technology Analysis: Report covers specific technologies relevant to Garage Door Hardware. It assesses the current state, advancements, and potential future developments in Garage Door Hardware areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Garage Door Hardware market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Garage Door Hardware market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Aluminum/Metal Door Hardware
PVC Door Hardware
Wood Door Hardware
Glass Door Hardware
Market segment by Application
Residential
Commercial
Major players covered
Chamberlain Group LLC
Overhead Door Corporation
Novoferm
Amarr
Andersen
Richelieu Inc
Richards-Wilcox
DURA-LIFT
Prime-Line
Teckentrup
Genie
National Hardware
Ideal Security
Acorn
American Garage Door Supply Inc
Lynn Cove Foundry & Forge
Timberlane
Steel-Craft
Canimex
Wayne Dalton
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Garage Door Hardware product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Garage Door Hardware, with price, sales, revenue and global market share of Garage Door Hardware from 2018 to 2023.
Chapter 3, the Garage Door Hardware competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Garage Door Hardware breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Garage Door Hardware market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Garage Door Hardware.
Chapter 14 and 15, to describe Garage Door Hardware sales channel, distributors, customers, research findings and conclusion.