Authored By: Sarah
14 Jun 2021

Bifold Doors Market Size to Grow by $ 689.23 Million During 2021-2025

Technavio has been monitoring the bifold doors market and it is expected to grow by $ 689.23 Million, accelerating at a CAGR of almost 1.61% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Bifold Doors Market: North America to lead market growth during the forecast period

  • Growth by the residential segment has been significant in recent years and the segment is expected to maintain momentum over the forecast period.
  • North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors. Growing popularity of multifamily dwellings will facilitate the bifold doors market growth with 36% of the market growth set to originate from the region during the forecast period.
  • Growth of mixed-use properties will be a significant factor in driving the growth of the bifold doors market.

Bifold Doors Market to Post Incremental Growth of $ 689.23 Million During 2021-2025 | Key Geographies that will Drive Growth

Bifold Doors Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AG Millworks, ANDERSEN Corp., Clear View Bi-folding Doors Ltd, JELD-WEN HOLDING, Inc., LaCantina Doors Inc., Marvin Lumber and Cedar Co., Pella Corp., Ply Gem Industries Inc., TWR Trade Frames Ltd., and YKK Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Bifold Doors Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bifold doors market growth during the next five years
  • Precise estimation of the bifold doors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bifold doors market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bifold doors market vendors
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