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The bifold doors market size is forecast to increase by USD 3.05 billion at a CAGR of 5.95% between 2023 and 2028. The market for bifold doors is experiencing significant growth due to several key factors. Firstly, the increasing preference for multifamily dwellings is driving demand for space-saving and functional door solutions. Bifold doors offer the advantage of maximizing natural light and creating a seamless indoor-outdoor living experience, making them an attractive choice for modern apartment complexes. Secondly, the construction industry's focus on sustainability and energy efficiency is leading to an increased adoption of bifold doors. These doors offer excellent insulation properties, reducing energy consumption and lowering carbon emissions. Moreover, the ongoing trend of constructing skyscrapers and high-rise buildings presents a vast opportunity for bifold door manufacturers, as these structures require large, functional doors that can accommodate the building's size and design.
The Bifold Doors industry continues to gain traction in the construction sector due to their sleek design and versatility. These doors offer increased aesthetic values with their folding mechanism and multiple hinges, making them a popular choice for architects and homeowners. Insulated panels and advanced sealing mechanisms ensure effective temperature control, making bifold doors suitable for various temperature conditions. Bifold Doors come in different materials such as wood and PVC, catering to diverse architectural styles. The visual appeal of these doors is further enhanced with artificial lighting, making them an excellent addition to patio and balcony doors. The construction of bifold door walls systems involves the use of panel doors, providing a seamless transition between indoor and outdoor spaces.
DIY users also benefit from the installation of bifold doors due to their ease of use and installation. The industry's growth can be attributed to the increasing demand for energy-efficient solutions and the desire for contemporary aesthetic values. Bifold doors offer a perfect blend of functionality and design, making them a preferred choice for both residential and commercial applications.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The residential segment is estimated to witness significant growth during the forecast period.The Bifold Doors industry experiences notable expansion in the global market, driven by the residential sector. Insulated panels and advanced sealing mechanisms in Bifold Doors enhance heat transfer efficiency and reduce energy consumption. The sleek design and versatility of Bifold Doors cater to various architectural styles, appealing to architects and homeowners alike. Preference for natural light and contemporary aesthetic values fuel the demand for Bifold Doors in residential applications. Bifold Doors offer multiple benefits, including the folding mechanism with multiple hinges, which maximizes space utilization. DIY users appreciate the ease of installation for Bifold Doors made from materials like wood, aluminum, and PVC.
These materials ensure durability, structural strength, longevity, and stability, making Bifold Doors a preferred choice for both residential and non-residential sectors. Bifold Doors are not only popular in homes but also in commercial establishments such as hotels, restaurants, and healthcare facilities like bariatric surgery centers and diabetes care units. Green buildings and environmental conservation initiatives further boost the demand for energy-efficient Bifold Doors. Additionally, aluminum windows, roof lanterns, and slim profiles complement Bifold Doors, expanding their market reach. Harsh weather conditions do not hinder the growth of the market, as manufacturers continually innovate to meet the demands of various climates.
The industry's focus on sustainability, durability, and aesthetic values ensures that Bifold Doors remain a desirable choice for consumers and professionals alike.
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The Residential segment was valued at USD 5.50 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North America market is experiencing substantial growth, driven by the high spending capability of its population and the region's urbanization. The US, in particular, is a significant contributor to this market due to its large residential sector and the increasing demand for high-end solutions like Prestige bi-folds. In 2022, the US led the North American market in revenue generation. Bifold doors offer several advantages, including insulation, separation of rooms, and temperature control, making them an attractive option for both residential and commercial applications. These doors come in various materials, such as PVC patio doors, Panel doors, Door walls systems, and combinations of Glass and Metal, Vinyl, Fiberglass, uPCV, and Fiberboard.
The visual appeal of bifold doors adds to their popularity. They are used not only as Patio doors and Balcony doors but also as Interior dividers, restaurant front doors, Large cabinets, and Replacement doors. The market is expanding, with a focus on energy efficiency and Heat retention. Architecture plays a crucial role in the market's growth, as bifold doors can enhance the aesthetic value of buildings. Hinges and Installation are essential considerations when choosing bifold doors, ensuring their durability and functionality. The Challenge of maintaining these doors at minimal costs is being addressed through Superior insulation and advancements in the Hospitality industry, where bifold doors are increasingly being used for Interior decorations.
The Glass segment dominates the market due to its transparency and ability to let in natural light. However, the market faces maintenance costs as a concern, which is being addressed through the development of low-maintenance solutions. Rapid urbanization and the growing trend of Home remodeling are further fueling the market's growth. The market is expected to continue its expansion in the forecast period, driven by these factors and the increasing demand for aesthetically pleasing and functional door solutions.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing popularity of multifamily dwellings is the key driver of the market. The Bifold Doors industry experiences significant growth due to the increasing preference for multifamily dwellings. Insulated panels and advanced sealing mechanisms in Bifold Doors ensure heat transfer efficiency and energy savings. The sleek design and versatility of Bifold Doors cater to various architectural styles, making them a popular choice among architects and homeowners. The contemporary aesthetic values of Bifold Doors enhance the overall look of residential and non-residential buildings. Bifold Doors offer multiple benefits, including natural light, durability, structural strength, and longevity. Homeowners and DIY users appreciate the folding mechanism with multiple hinges and panels, available in various materials like wood, aluminum, and PVC.
Bifold Doors are preferred in harsh weather conditions, making them suitable for hotels, restaurants, bariatric surgery centers, and diabetes care facilities. Moreover, Bifold Doors contribute to green buildings and environmental conservation by reducing energy consumption and promoting the use of aluminum windows, roof lanterns, and slim profiles. The industry's focus on enhancing the folding mechanism's functionality and design, along with the growing trend of living in amenity-rich neighborhoods, further boosts the market's growth.
Increasing demand for aluminum bifold doors is the upcoming trend in the market. The Bifold Doors industry continues to experience significant growth, with aluminum bifold doors being a major trend due to their numerous advantages. These doors offer insulated panels, advanced sealing mechanisms, and heat transfer properties, keeping homes and buildings energy-efficient. The sleek design and versatility of bifold doors cater to various architectural styles, preferred by architects and homeowners alike. Aluminum, a lightweight yet strong material, ensures the doors' durability, longevity, and stability, making them suitable for both residential and non-residential applications. Aluminum bifold doors are resilient against harsh weather conditions, corrosion, rust, and warping, ensuring minimal repairs and replacements. Their energy efficiency is achieved through thermal breaks that act as insulators, maintaining interior temperatures during winter and summer.
This not only saves money on energy bills but also contributes to environmental conservation. Bifold doors are available in various materials, including aluminum, PVC, and wood. Aluminum doors, in particular, offer increased aesthetic values due to their slim profiles and modern look. They are ideal for contemporary homes and commercial spaces such as hotels, restaurants, and healthcare facilities catering to bariatric surgery and diabetes patients. Additionally, aluminum bifold doors can be used in green buildings to meet sustainability requirements. For DIY users, aluminum bifold doors offer the convenience of easy installation and maintenance. Their folding mechanism, which uses multiple hinges and panels, allows for seamless opening and closing.
Overall, the preference for natural light and modern design, combined with the doors' durability and energy efficiency, continues to drive the growth of the market.
Challenges in affordability of houses is a key challenge affecting market growth. The Bifold Doors industry experiences considerable demand from the residential and non-residential sectors, given their sleek design and versatility. Insulated panels and advanced sealing mechanisms ensure heat transfer efficiency and natural light penetration, making them a preferred choice for architects and homeowners. The contemporary aesthetic values of Bifold Doors, coupled with their ability to fold using multiple hinges and panels, add to their appeal. Bifold Doors cater to various architectural styles, from traditional to modern, and are used extensively in construction projects. DIY users also opt for these doors due to their ease of installation and availability in materials like wood, aluminum, and PVC.
The doors' durability, structural strength, and longevity make them suitable for use in harsh weather conditions. In the residential sector, Bifold Doors enhance the living experience by allowing increased natural light and improved ventilation. In non-residential applications, they are used in hotels, restaurants, bariatric surgery centers, and diabetes care facilities, among others. Additionally, Bifold Doors contribute to green buildings and environmental conservation efforts by reducing energy consumption through the use of artificial lighting. Aluminum windows and roof lanterns, with their slim profiles, complement Bifold Doors and offer similar benefits. Together, these products contribute to the overall design and functionality of modern buildings.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AG Millworks - The company offers bifold patio doors or patio doors in different colors.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is a significant segment in the construction industry, characterized by their ability to provide ample natural light and expand interior spaces. These doors are designed with hinges that fold to one side, allowing them to open widely and create a seamless connection between indoors and outdoors. Bifold Doors are available in various materials, including wood, aluminum, and glass. The choice of material depends on factors such as durability, insulation, and aesthetic preferences. For instance, wood bifold doors offer a classic and elegant look, while aluminum doors provide strength and resistance to weather conditions. The market for Bifold Doors is driven by factors such as increasing demand for energy-efficient and sustainable building solutions, growing urbanization, and a focus on creating open and spacious living areas.
Additionally, advancements in technology have led to the development of innovative features, such as insulated glass, automated operation, and integrated security systems. Manufacturers are also focusing on customization and personalization to cater to the unique needs and preferences of consumers. This trend is expected to continue, as homeowners seek to create functional and aesthetically pleasing living spaces. Overall, the market is poised for growth, driven by these factors and the increasing popularity of these doors as a versatile and functional solution for modern homes and commercial buildings.
Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.95% |
Market growth 2024-2028 |
USD 3.05 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.09 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, Canada, Japan, UK, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AG Millworks, ANDERSEN Corp., Associated Design and Installations Ltd., AWM Building Maintenance Ltd., Brennan Enterprises., Clear View Bi folding Doors Ltd., Cornerstone Building Brands Inc., Euramax Solutions Ltd., Frameless Glass Curtains Ltd., JELD WEN HOLDING Inc., Kloeber UK Ltd., LaCantina Doors Inc., Lux Windows and Glass Ltd., Marvin Lumber and Cedar Co., Origin Frames Ltd., Pella Corp., Sightline Aluminium Glazing Systems, Solarlux GmbH, Sunflex UK, The Bi Folding Door Co., TWR Trade Frames Ltd., Viva Doors Ltd., YKK Group, and Deceuninck Group |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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