The global doors market is booming with newer innovations and instillation of customizable technologies. In a modern world, doors serve two main purposes- to provide security and improve the ambience of the house. Doors are built with different materials such as stone, glass, metal, wood, and they come in various designs.
The eco-friendly door system is the most popular types of doors in present time. The eco-friendly door system has attracted the attention of homeowners and builders as they maximize the seal between the frame and the door so that the damaging effects of rain or severe weather conditions can be prevented. These are energy-efficient doors and are built with painted steel, fiberglass, wood-clad steel, and polyurethane foam. These are the factors creating many opportunities for the global doors market in upcoming years.
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Recent Developments in the Industry
According to a report published by Research Dive, the topmost players of the global doors market include ANDERSEN CORPORATION., Simpson Door Company, Fancy Doors & Mouldings Ltd., dormakaba Group, Jeld-Wen, Inc., ASSA ABLOY, LaCantina Doors., ARCAT, Inc., Cornerstone Building Brands, and Boon Edam among others.
These industry players are investing a lot of efforts on the research and development of smart and unique strategies to sustain the growth of the market. These strategies include product launches, mergers and acquisitions, collaborations, partnerships, and refurbishing of existing technology.
Some of the recent developments of the market are as follows:
- As per a recent news, in August 2021, ASSA ABLOY, the global leader in access solutions, has acquired Capitol Door Service, a global leader in pedestrian door distributor and service based on California, Arizona, and Nevada. ASSA ABLOY expects that this merger will strengthen its market position and expand geographic presence in the Western US.
- In December 2020, dormakaba, a global security group, was awarded for its modern drive system for automatic sliding doors ES PROLINE. It was recognized as a particularly innovative product by the jury of the German Innovation Award prior to its market launch.
With ES PROLINE is a drive system for automatic sliding doors. This system was flawlessly made by assimilating the latest technology, sustainability, and energy efficiency. The drive system combines the high design and functional requirements of modern buildings.
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- In March 2019, JELD-WEN Holding, Inc inked a definitive agreement to acquire VPI Quality Windows, Inc. VPI is a leading vinyl window manufacturer focusing in tailored solutions for mid-rise multi-family, hospitality and commercial, institutional projects, primarily in the western United States. VPI is a recognized supplier of windows for the multi-family market through a unremitting focus on service, quality, and greater product performance.
- In August 2021, Cornerstone Building Brands, Inc., the largest manufacturer of exterior building products in North America, has made an agreement to acquire Cascade Windows. Cascade is a leading independent manufacturer of energy-efficient vinyl windows and doors serving the residential new construction and repair and remodel markets. Cornerstone Building Brands anticipates the agreement to be accretive through manufacturing and procuring optimization synergies, opportunities of revenue growth, and margin expansion.
- In June 2020, Boon Edam, a market-leader in the production of rotating doors and security entrance solutions entered into a new conglomeration with AnyVision, a world leading solution provider of AI computer vision software, with an aim to enhance their trailblazing entrance solutions and entry experiences.
The conglomerate assimilates AnyVision’s Abraxas technology into Boon Edam security doors and speed gates, bringing advanced security, safety, and seamless access capabilities to the entry experience.
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Impact Analysis of COVID-19 on the Market
The global doors market has been impacted in a drastic way during the COVID-19 pandemic. Restrictions and lockdowns were imposed across nations in order to curb the spread of the virus. The lockdown resulted in temporary halt of supply chain and operations of many big industries including construction and manufacturing industries. Months-long lockdowns led to the migration of labors to their natives and unavailability of raw materials for construction of houses. These are some of the factors that affected the global industry of doors during the pandemic. However, the leading players of the market are concentrating on the development and innovation of new products which is expected to sustain the growth of the market.
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