Market Insight-Global Wood Doors Market Overview 2022

Global Wood doors market was valued at USD 54.70 billion in 2022 and is expected to reach USD 70.65 billion by the end of 2028, growing at a CAGR of 4.36% between 2022 and 2028. – Bossonresearch.com

Wood doors are doors made primarily from wood or wood-based materials. They are known for their natural beauty, warmth, and versatility. Wood doors can be crafted from various types of wood, each offering unique characteristics in terms of grain patterns, color, hardness, and durability. the wood doors market has been experiencing steady growth due to factors such as increasing construction and renovation activities, growing demand for aesthetically appealing interior and exterior doors, and the preference for sustainable and natural building materials.

The COVID-19 pandemic has had some impact on the construction industry and related sectors. While there may have been temporary disruptions, the wood doors market has shown resilience and is expected to recover as construction activities resume and consumer demand picks up.

The global wood doors market was valued at USD 54.70 billion in 2022 and is expected to reach USD 70.65 billion by the end of 2028, growing at a CAGR of 4.36% between 2022 and 2028. The sustained growth of the national economy is the fundamental driving force for the development of the wood door industry. The sustained and rapid development of globalization is the direct driving force for the development of the wood door industry. As the economy expands, construction activity in the residential and commercial sectors has increased. More people are migrating from rural areas to cities, and the construction of residential and commercial buildings is intensifying. This has resulted in higher demand for wood doors which are an essential part of buildings and infrastructure projects.

Figure Global Wood doors Market Size

Source: Bossonresearch.com, 2022

More specifically, the rapid development of the global construction industry and the upsurge of home renovation and upgrading are the core driving forces for the development of the wood doors market. The prosperity of the wood door industry is highly related to real estate, and the demand for wood doors is highly related to the prosperity of real estate. The completion of real estate directly affects the demand for wood door orders. Demand for wood doors has also been impacted by the boom in home remodeling and upgrading. Homeowners are increasingly investing in home renovations to improve aesthetics, functionality and energy efficiency. This trend provides opportunities for manufacturers and suppliers in the wood doors market. In addition, technological progress in the manufacturing process and materials of the wood door industry has also played an important role in promoting the development of the wood doors market.

At the same time, factors such as fluctuations in the cost of basic materials, the risk of fluctuations in the real estate industry, oversupply, and product homogeneity have brought considerable challenges to the development of the wood doors market.

Segment by Type, the Wood Doors can be split into Solid Wood Door, Wood Composite Door, etc. In 2021, the Solid Wood Door segment already holds the highest market share at 66.31%. Solid wood doors are known for their durability and longevity. They are resistant to wear and tear and can withstand everyday use without major damage. The inherent strength and stability of solid wood makes these doors highly durable and less prone to warping or twisting than other door types. Additionally, solid wood doors offer extensive customization options in terms of design, size and finish. They can be easily customized to suit different architectural styles and design preferences, allowing clients to create unique and personalized entrances.

Divided by application, the Wood Doors can be split into Household and Commercial Use. The Household segment has always occupied the largest market share and will continue to dominate the market during the forecast period. The Homes segment primarily caters to the residential market, including new residential construction projects and renovation or remodeling activities. The residential segment is a significant driver of demand for wood doors due to the need for doors to be installed in detached houses, apartments, and other residential buildings. The number of residential projects is usually higher compared to commercial projects. With the continuous growth of housing demand, the construction of new homes and the renovation of existing homes have created a steady demand for wood doors in the home sector. The increase in the number of residential projects has led to a larger market size and market share for wood doors in the home furnishing sector.

On basis of geography, the Wood Doors market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. Currently, the Asia-Pacific market contributes more than 65% of the revenue, and its market size will Expand at the highest growth rate during the forecast period. The Asia Pacific region is experiencing rapid urbanization and a substantial increase in construction activities. Growing populations, rising income levels and expanding economies are driving demand for residential, commercial and infrastructure development projects. Governments across the Asia-Pacific region have also been investing in infrastructure development, housing schemes, and urban renewal projects to support economic growth and meet growing demand for housing and public infrastructure. As wood doors are a key component in building construction, the booming construction industry in Asia Pacific is driving the demand for wood doors, leading to larger market size and higher revenue contribution.

Global Wood doors Market: Competitive Landscape

According to our calculations, in 2021, the Wood Doors market's market concentration indicators CR5 and HHI will be 6.36% and 0.11%, respectively. This means that the market concentration of Wood Doors market is very low, and manufacturers are in very fierce competition. However, with the development of the industry, enterprises focusing on wood doors have higher gross profit margins due to their large production scale and leading production technology. Compared with home furnishing companies that have expanded from other categories to wood doors, companies dominated by wood doors have obvious advantages in scale. Currently, the key players in the market include Masonite, Jeld-Wen, Woodgrain Doors, Bayer Built, Steves Doors, TruStile Doors, TATA, Mengtian Home Group Inc, Panpan Doors, Oupai, Stallion, Simpson Door, Sierra Doors, Lynden Doors, IFN Holding AG, Arazzinni, Hörmann KG, Sun Mountain, Appalachian Wood Products, Inc, GRAUTHOFF.

Key players in the Wood doors Market include:

Masonite

Jeld-Wen

Woodgrain Doors

Bayer Built

Steves Doors

TruStile Doors

TATA

Mengtian Home Group Inc

Panpan Doors

Oupai

Stallion

Simpson Door

Sierra Doors

Lynden Doors

IFN Holding AG

Arazzinni

Hörmann KG

Sun Mountain

Appalachian Wood Products, Inc

GRAUTHOFF

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