Selbyville, Delaware, Market Study Report LLC recently added a new title on 2020-2027 Global Fire-rated Doors Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2027.
Global Fire-rated Doors Market Size to reach USD 67.8 Billion by 2027. Global Fire-rated Doors Market was valued at USD 42.2 Billion in 2019 and expected to grow with a CAGR 6.1% over the forecast period 2020-2027.
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For instance, as per U.S. department of economics and social affairs 68% of total world population projected to live in urban areas by 2050. By 2050, it is projected that China will added 255 million urban residents, India 416 million and Nigeria 189 million. Furthermore, surge in residential & non-residential construction and growing awareness regarding safety from fires are also driving factors of market. Despite that, fluctuating raw material prices and high initial costs and predictive maintenance for automatic fire rated doors restrain market growth over the forecasting period 2020-2027.
A fire door refers to fire resistance which is used to reduce the disperse of smoke and fire between various compartments of a building and to allow safe escape from the building or structure. It play important role in minimizing the property damage and saving lives. Rapid urbanization & industrialization and increase in consumer spending on home remodeling are the key driver of global fire rated doors market.
Key Players in Global Fire-rated Doors Market
- Agta Record Ltd
- ASSA ABLOY Group
- GEZE GmbH
- Godrej & Boyce Manufacturing Company Limited
- Griffon Corporation Inc.
- Lindner Group KG
- MANUSA GEST, S.L.
- Nabtesco Corporation
- Sanwa Holdings Corporation
The regional analysis of the Fire-rated Doors Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, Europe is dominating the market owing strict safety regulations for buildings and rising consumer awareness in the region. However, Asia Pacific is projected the fastest growth in the region due to increasing consumer preferences for precaution and safety products in the region and safety regulations.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Swinging Fire Doors
Sliding Fire Doors
Folding Fire Doors
By End Users:
- North America
- Asia Pacific
- Latin America
- Rest of the World
For More Details on Fire-rated Doors Market Report at: https://www.marketstudyreport.com/reports/global-fire-rated-doors-market-by-mechanism-swinging-fire-doors-sliding-fire-doors-folding-doors-and-others-material-wood-glass-metal-and-ot?utm_source=Marketwatch.com&utm_medium=SP
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