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Global Doors Market Industry Leaders & New Revenue Pockets

 



(EstateNewsWire.com, December 04, 2021 ) The global doors market size is projected to grow from USD 90.6billion in 2020 to USD 118.2 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. The major driving factors of the market include rapid urbanization, rising residential and non-residential activities, growing middle-class income, and rising income level, especially in emerging economies such as India and China are expected to drive the doors market in the future.

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The keyplayers in the commodity plasticsmarket are Assa Abloy (Sweden),DromaKaba (Switzerland), (Ireland), Masonite (US), Andersen Corporation (US), Simpson Door Company (US), Jeld-Wen, Inc.(US), PGT (US), Fancy Doors &Mouldings(Canada), Cornerstone Building Brands(US), ARCAT (US), Lacantina Doors (US), Boon Edam (Netherlands), Pella Corporation (US), The Lyon &Billard Lumber Co.(US), Atrium (US), Fenesta (India), Corinthian Doors (Australia), Hormann (Germany), MI Windows and Doors, LLC (US), NovofermGmbh(Germany), Marvin (US), Viwintech Window & Door Inc.(US), Therma-Tru Corp. (US), and OCM Industrial Doors (Italy). These players have adopted various strategies, such asmerger & acquisition,investment & expansion, new product launch/development, and partnership, agreements, andjoint venturebetween 2013 and 2020, to enhance their market shares and expand their global presence.

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Assa Abloy is a global supplier and manufacturer of door opening solutions. It was formed as a result of the merger between ASSA (Sweden) and ABLOY (Finland). The company provides intelligent lock and security solutions satisfying the customer’s need of security, safety, and convenience such as access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, hotel security, and mobile access systems. The end-consumers of the company include airports, hospitals, stadiums, schools, offices, hotels, and homes.

• In October 2020, Assa Abloy acquired Olimpia Hardware (Costa Rica). This acquisition will help the company to increase its distribution network in Latin America.

Dorma Kaba was formed by a merger of Kaba Group (Switzerland) and Dorma Group (Germany) in September 2015. The company’s portfolio includes locking systems—from cylinders, keys, and locks to fully networked electronic access solutions—physical access systems, and automatic door systems, as well as a comprehensive range of door hinges and fittings and door controls.
• In July 2020, signed an agreement to sale its project installation business (Norway) to Låssenteret AS (Norway). With this sale of business, the company aims to optimize its business portfolio and concentrate on its core business.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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