IMARC Group, a leading market research company, has recently releases report titled “Fire-Rated Doors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the industry, which comprises insights on the fire-rated doors market trends. The global market size reached US$ 47.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 64.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.47% during 2024-2032.
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Factors Affecting the Growth of the Fire-Rated Doors Industry:
- Building Regulations and Safety Standards:
Stringent building codes and safety regulations worldwide mandate the installation of fire-rated doors in structures. These regulations ensure compliance with safety standards and aim to mitigate fire-related risks in buildings. In addition, government agencies of various countries are enforcing these standards, which is catalyzing the demand for fire-rated doors across commercial, industrial, and residential sectors. Furthermore, building owners and developers adhere to these regulations that assist in creating a consistent demand for fire-rated doors and making them essential components in construction projects.
- Increasing Focus on Fire Safety:
The growing employment of fire-rated doors due to the rising awareness among building owners, facility managers, and occupants about fire safety measures is offering a positive market outlook. The increasing adoption of fire-rated doors due to concerns about protecting lives and property from fire hazards is contributing to the market growth. In addition, stakeholders are prioritizing the installation of fire-rated doors to enhance building safety, comply with fire safety protocols, and minimize fire-related incidents. The rising focus on fire prevention and protection is bolstering the market growth.
- Rising Infrastructure Development:
The escalating demand for fire-rated doors due to the increasing number of residential and commercial spaces across the globe is impelling the market growth. Moreover, rapid urbanization is leading to the construction of high-traffic public spaces, such as airports, shopping malls, hospitals, and hotels, where fire safety is essential. The rising need for fire-rated doors to ensure the safety of occupants and protect properties from fire hazards is propelling the market growth. Furthermore, builders and developers are prioritizing the installation of fire-rated doors to comply with safety standards and enhance the overall safety and security of their properties.
Leading Companies Operating in the Global Fire-Rated Doors Industry:
- Assa Abloy AB
- Chase Industries Inc.
- Chongqing Mexin Messon Doors Industry Co. Ltd.
- Howden Joinery Ltd
- JELD- WEN Holding Inc.
- Lindner Group, Manusa Gest Sl
- Ninz Spa
- Novoferm GmbH (Sanwa Holdings Corporation)
- Shakti Hörmann Private Limited
- Vista Panels and Wonly Group Company Limited.
Fire-Rated Doors Market Report Segmentation:
By Mechanisms:
- Swinging Fire Doors
- Sliding Fire Doors
- Folding Fire Doors
- Others
Swinging fire doors represent the largest segment as they offer reliable fire protection by preventing the spread of flames and smoke.
By Material:
- Wood
- Metal
- Glass
- Others
On the basis of the material, the market has been divided into wood, metal, glass, and others.
By End Use:
- Residential
- Non-Residential
Non-residential accounts for the largest market share due to the rising awareness about the importance of fire protection.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys a leading position in the fire-rated doors market, which can be attributed to the thriving construction sector.
Global Fire-Rated Doors Market Trends:
Continuous advancements in fire-rated door technology, such as the development of innovative materials, enhanced fire-resistant coatings, and improved door hardware, are supporting the market growth. These advancements offer superior fire protection, durability, and aesthetic appeal, attracting individuals seeking modern and effective fire safety solutions.
Insurance companies are incentivizing the installation of fire-rated doors as part of building insurance policies. This encourages building owners to invest in fire-rated doors to reduce insurance premiums and mitigate financial risks associated with fire damage. In addition, the integration of energy-efficient features in fire-rated doors, such as thermal insulation properties and weather sealing, aligns with the growing focus on sustainable building practices.
Other Key Points Covered in the Report:
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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