Global Garage Door Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Garage Door Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Garage Door is a door on a garage that can be opened manually or electrically. Garage doors are usually large enough to accommodate cars and other vehicles. Small garage doors can be made from a single panel that slopes up and down on the garage ceiling. Larger doors are usually made of several spliced panels that are rolled up on rails on the garage ceiling or rolled up over the doorway.

Market Overview:

The latest research study on the global Garage Door market finds that the global Garage Door market reached a value of USD 6749.63 million in 2022. It’s expected that the market will achieve USD 8354.9 million by 2028, exhibiting a CAGR of 3.62% during the forecast period.

The outbreak has had a complex impact on the Garage Door industry. First of all, for the Garage Door industry, the epidemic has had an impact on the production plans of companies in the Garage Door industry. Due to the COVID-19 outbreak, operations of steel mills have been affected and steel production has been limited. This could lead to disruptions in the supply of raw materials for the Garage Door industry, which could affect the company's production plans. On the other hand, due to the impact of the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government has introduced travel restrictions and related isolation policies, which reduced the management efficiency of enterprises in the industry and also affected the company's production plan. From the perspective of downstream applications, Garage Door is also commonly used in restaurants, bars, commercial stores and other fields. Public sectors, restaurants, bars and other places are densely populated. To avoid cross-infection, consumers reduce their going out. Industries such as restaurants, bars, and commercial stores have been hit hard, reducing demand for Garage Doors.

In terms of logistics, affected by the epidemic, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on import and export commodities. This resulted in Garage Door experiencing varying degrees of logistical disruption, inventory and shipping delays during the sale. At present, the logistics industry in various countries is gradually resuming operations according to different national policies.

The risk of insufficient continuous product design and development capabilities

To a certain extent, the sales volume of products depends on whether enterprises in the garage door industry can accurately grasp the fashion trend of garage doors, and whether they can predict, evaluate and respond to consumer needs in a timely manner. With the acceleration of garage door fashion trends and differences in regional consumer markets in recent years, downstream consumers have put forward higher requirements in terms of personalized needs and delivery, and company designers may not be able to fully grasp the fashion trends of garage doors. All of these will lead to the inability of industry enterprises to effectively predict and respond to consumers' needs, which will lead to a decrease in consumers' recognition of products, which is not conducive to the development of the industry.

Labor costs rise

At present, global labor costs are showing an upward trend. Labor costs can generally be divided into two major parts: direct wage expenditures and social security expenditures. Many economists have analyzed that macro factors such as sustained economic development and inflation are one of the fundamental reasons for rising labor costs. But in addition, the protection of laborers by relevant laws and policies is also one of the reasons for the increase in labor costs. The law ensures the basic rights of the labor force by setting minimum wages and increasing them according to the speed of economic development in different regions. The implementation of this rigid system requires Garage Door companies to adjust the salary system according to the standard, which virtually increases the company's investment in labor costs. On the other hand, with the continuous improvement of the social security system, enterprises are required to provide supporting social security for employees. The rise in labor costs increases the operating and production costs of industrial companies, and brings risks to the operation of industrial companies.

Region Overview:

In 2022, the share of the Garage Door market in North America stood at 36.79%.

Company Overview:

Clopay is one of the major players operating in the Garage Door market, holding a share of 9.55% in 2022.

Clopay

Clopay, a wholly owned subsidiary of Griffon Corporation, is North America's leading manufacturer of residential garage doors and a major player in the commercial overhead garage door space. Clopay Corporation has played a leading role in establishing and advancing garage door industry technical standards and national building codes through innovative technologies such as the patented EZ SET Spring System® and Safe-T-Bottom Bracket®.

Sanwa Holdings Group

Novoferm is part of the Sanwa Group, the world's leading manufacturer of entry systems. Sanwa Holdings Group offers everything from garage doors, industrial doors, door and gate automation systems, roller shutters, shop front doors and steel hinged doors and frames for fire protection, security and personal access. All products.

Segmentation Overview:

As for product types, the Manual Garage Doors segment held the largest market share in 2022.

Automatic Garage Doors

The main difference between a manual garage door and an automatic garage door is that there is no motor. Automatic Garage Doors are Garage Doors with motors.

Manual Garage Doors

Manual Garage Doors are Garage Doors without a motor. The door needs to be opened manually.

Application Overview:

The market's largest segment by application is the segment Residential, with a market share of 76.18% in 2022.

Key Companies in the global Garage Door market covered in Chapter 3:

ALULUX
Ryterna
Steel-Craft Door
Raynor
GARAGA
Sanwa Holdings Group
Northwest Door
Hörmann
Beijing Hong Risheng Industry & Trade
Clopay
Amarr
Safe-Way Door
Windsor Door
General Doors Corp
Baoer Automation Technology
Martin Door
B&D
C.H.I. Overhead Door
Garex
DoorLink Garage Doors
1st United Door Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Garage Door market from 2018 to 2029 is primarily split into:

Automatic Garage Doors
Manual Garage Doors

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Garage Door market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)