Fire Door Market Growth
Worldwide Fire Door Market Analysis, Overview, Revenue, Robust Application, Growth & Forecasts to 2024
Strong construction output with increasing spending on safety equipment in both commercial as well as residential sector will drive the fire door market growth. Focus on fire safety and prevention from flame spreading in numerous industries has enhanced product demand.
Aluminum fire door market is set to exceed USD 2 billion in sales by 2024. Durability, strength, lasting color appearance and sustainability are key properties driving these products. Increasing material replacement over wood in construction projects due to its superior properties at competitive price will propel industry growth.
Fire Door Market size is estimated to exceed USD 16.7 billion by Market Size Forecasters Add New Global Fire Door Market by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. The report presents a deep study of the market growth factors and drivers.
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Rising casualty rate, property damage and public safety concerns during fire accident will propel industry growth. Increasing consumer safety consciousness along with improved standard of living are the key factors supporting product demand. Extensive R&D along with emergence of flush glazed and double action products will open new opportunities for the business growth.
Flush glazed variants continue to witness significant growth due to rising demand for natural light, ventilation, condensation, noise prevention, well insulated construction, reduced heating & cooling costs and safety & security needs.
Steel, glass and aluminum as per standards with superior resistance from FD 30 to FD 180 are primary raw materials. Steel is among the major revenue contributor, with generating over USD 4.2 billion in 2016. As per insulated steel door institute, advancement in weather strip system along with improvement in insulating technologies will drive product demand.
Market Segment by Manufacturers, this report covers
Agta Record, Assa Abloy, Essex Ford Joinery, Mesker, Howden Joinery, Nihon Funen, Kingdom, Wanjia, Saintgeneral, Jia Hui, Wanjia, Simto, Zhucheng and Simto
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Fire Door Market, By Material
Glass, Steel, Timber, Gypsum, Aluminum, Vermiculate boards
Fire Door Market, By Product
Hinged, Double action, Sliding, Flush Glazed
Fire Door Market, By Application
Fire Door Market, By End-Use
Market Segment by Regions, regional analysis covers
North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
MEA is anticipated to worth more than USD 600 million by 2024. Saudi Arabia will remain dominating followed by UAE in the forecast period. Growing government focus on infrastructure development to enhance tourism accompanied by stringent regulations for safety will propel the industry growth.
Asia Pacific fire door market share accounted for more than 28% in 2016. Growing population, rapid urbanization along with increasing investment on infrastructure development will support the regional demand. Government compliance including subsidies and safety awareness programs are the major factors stimulating the industry demand.
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