+1-888-308-5802     
News Contact Us

Indian doors market to accrue considerable returns from residential sector over 2019-2024

Author : Rahul Varpe | Published Date : 2019-05-30 

The profitability quotient of Indian doors market is certain to escalate in the coming years, augmented by the thriving construction sector across the country. Driven by a plethora of factors such as growing Indian population demanding comfortable lifestyles, increasing public and private spending on refurbishment & construction activities, and encouraging governmental initiations toward infrastructural development, Indian doors industry size is expected to widen its horizon in the forthcoming years.

In fact, estimates claim, private equity sector investment in real estate in India was over USD 6 billion in 2016. KONE is considered as one of the forerunners in bringing eco-friendly to the Indian doors industry. The company offers a full range of industrial doors, loading bays, barriers, shutters for commercial and residential housing complexes. Reliable operation, durability, safety, and most importantly environmental competencies are some of the fortes that make KONE a renowned player in the Indian doors market.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2071

Some of the other renowned players in this space include Fenesta Building Systems, DORMA, Century, D. S. India, Duroplast Extrusions, Geeta Aluminum Company, Beautex, Kalco Alu-systems, Mahavir Aluminum, Sapa Building System, Reynaers Aluminum and Welltech Systems.

As per a recent report put forth by IBEF (India Brand Equity Foundation), Indian real estate market is slated to record a massive valuation of USD 180 billion by 2020, another testament deemed to stimulate Indian doors industry trends in the coming years.

Speaking of geographical aspects, West Bengal, Delhi, and Maharashtra are some of the states where the industry observes quite profound growth. In fact, estimates claim that Maharashtra alone accounted for 12% of the overall Indian doors market share, having held a revenue of USD 180 million in the year 2016.  Strong pipeline of construction projects across residential, commercial, as well as industrial sectors has propelled the product demand in Maharashtra.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2071

A crucial determinant that needs to be mentioned here- the state is the second most populous region of the country, a factor that has enabled it to be strong contributor toward the overall Indian doors industry share.  Another statistic that can be placed as a testament regarding the increasing refurbishment and maintenance activities in Maharashtra- as per the National population and housing survey of 2011, out of 3.36 crore registered houses in India, 2.98 crore were in Maharashtra. Taking into account these aforementioned aspects, Maharashtra is expected to continue to stand as a strong contender in the Indian doors market.

With the escalating construction space along and supportive government initiations toward manufacturing eco-friendly, fire resistant, weather proof doors for commercial and residential sectors, it is certain that Indian doors industry is all set to carve a lucrative path in the years ahead.  Experts believes that in the coming period, the business space will witness an influx of even more sustainable energy efficient doors. Having held a valuation of USD 1.2 billion in 2016, Global Market Insights Inc., forecasts Indian doors market size to exceed USD 2,800 million by 2024.

Related news https://www.marketwatch.com/press-release/apac-construction-equipment-market-regional-trend-growth-projections-by-2019-2025-2019-05-30 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Isoprene Rubber Latex (IRL) Market 2019 | Regional Insights & Growth Forecast To 2024

Published Date: 2019-12-12         Author: Rahul Varpe

Isoprene Rubber Latex (IRL) Market is also extensively used in manufacturing medical supplies such as gloves, balloons, catheters, tube connectors, and many more. The global healthcare industry revenue was registered above USD 1.5 trillion in 2017 and this revenue will further increase in the foreca... Read More

Superabsorbent Polymers Market Analysis, Application, Regional Outlook, Competitive Strategies and Forecast to 2024

Published Date: 2019-12-12         Author: Rahul Varpe

North America market led by the U.S, will account for around 25% of superabsorbent polymer market. Growth in incidence of chronic diseases, increase in the general awareness of patients, and technological advancements will drive superabsorbent polymer market. Moreover, the life expectancy in the reg... Read More

Flexographic Printing Inks Market Industry Analysis, Trend, Growth, Opportunity, Forecast 2019-2024

Published Date: 2019-12-12         Author: Rahul Varpe

Applications in folding cartons will account for over 15% of the total flexographic inks industry till 2024. The growing number of e-commerce websites are flourishing the demand for folding cartons for packaging their products and for the ease of conveyance. Several instances of product return have ... Read More

© 2019 Fractovia. All Rights Reserved