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Indian Doors Market is expected to witness significant gains during 2019 – 2024

Author : Rahul Varpe | Published Date : 2019-08-09 

A detailed analysis of the Indian Doors Market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the Indian Doors Market report also contains information on the pivotal industry insights for core players.

Indian Doors Market is estimated to exceed over USD 2,800 million by 2024. Growing urbanization coupled with increasing infrastructure spending is anticipated to drive Indian doors market growth. Up surge in government spending in residential projects, commercial & building renovation, along with rise in tourism industry has positively influenced the product demand.

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Increasing central and state government finances for infrastructure development projects, public funding, and a decline in the construction material prices will boost the industry growth. As per IBEF, Indian real estate industry is expected to reach USD 180 billion by 2020. Private equity investment in real estate reached over USD 6 billion in 2016.

Hinged doors are projected to surpass 2 million units by 2024. High application scope in residential and commercial building due to its easy fitting, lesser space consumption features, improved durability is expected to boost market growth over the forecast period.

Sliding doors will observe a growth rate of over 6% up to 2024. Requiring less area for opening and closing as compared to hinged ones is among the key benefit driving demand in compact building structures.

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Maharashtra accounted over 12% of Indian doors market. As per the national population and housing census of 2011, out of 3.36 crore registered houses, 2.98 crores were in the Maharashtra. In addition, the state government proposed a draft notification in 2017, which will allow developers to offer housing stock or pay a premium to the authority for projects spread over 2,000 sq. meters.

Century, KONE, DORMA, Fenesta, D.S. India, Welltech and Duroplast are among the key manufacturers of Indian doors market share. Presence of numerous regional, national and local producers makes the industry highly competitive in nature.

Other prominent participants include Lumani Schuco, Reynaers Aluminum, Sapa Building System and Beautex. Mergers & acquisitions, expansion and development of the product portfolio are among the significant strategies.

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https://medium.com/@theconstructionmag/bakery-processing-equipment-market-by-regional-revenue-trend-growth-forecast-2019-2025-2dfe9b04e45c

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

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