High Performance Doors will grow at highest pace owing to increasing demand in industrial sector
The high performance doors market includes products such as roller doors, folding doors, slide doors, and others that provide high speed operation and enhanced security. These doors are majorly used in industrial facilities where quick opening and closing of door for material handling is required. They allow easy passage of forklifts and other heavy machinery while also providing high degree of security against undesirable entries.
The Global High Performance Doors Market is estimated to be valued at US$ 4.94 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in The High Performance Doors Market are GlaxoSmithKline plc, Sanofi S.A., Pfizer Inc., Merck & Co. Inc., Novartis AG, Johnson & Johnson, Eisai Co. Ltd, Takeda Pharmaceuticals, AstraZeneca, Valeant Pharmaceuticals, Mitsubishi Tanabe Pharma, Abbott, F. Hoffmann-La Roche Ltd, Sun Pharmaceutical Industries Ltd, Lupin Pharmaceuticals Inc., BioCryst Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals, Serum Institute of India Pvt. Ltd., CSL Limited, Teva Pharmaceutical Industries Ltd. The growing demand from end use industries such as food processing, pharmaceutical, airport and aviation, manufacturing is propelling the growth of market. Technological advancements such as integration of automated sensors, IoT connectivity and use of durable lightweight materials are further fueling adoption of high performance doors.
Market Trends
Increased focus on industrial automation - Adoption of automated systems allows handling large volume of items efficiently at production facilities. Integration of high performance doors with automated controls enables smooth operations.
Growing importance of sustainability - Manufacturers are focusing on developing doors with improved insulating properties and use of recyclable materials to reduce environmental footprint.
Market Opportunities
Rising investments in modernization of infrastructure - Governments across regions are investing heavily in upgrading industrial infrastructure which will augment demand for construction of new production facilities with advanced door solutions.
Growing construction of cold storage facilities - Mounting global food demand is propelling development of temperature-controlled warehousing infrastructure utilizing high performance cold room doors.
Impact of COVID-19 on High Performance Doors Market Growth
The COVID-19 pandemic has negatively impacted the growth of the high performance doors market. During the initial months of the pandemic in 2020, strict lockdown measures imposed by governments across major economies led to closure of manufacturing facilities and halt in construction activities. This caused a significant decline in demand for high performance doors from end-use industries such as transportation, pharmaceutical, industrial and commercial sectors. Suppliers also faced challenges in terms of disrupted supply chains and shortage of labor.
However, as economies are gradually restarting operations, focus on hygiene and safety is increasing demand for high performance doors that offer better sealability and reduce contamination risks. Furthermore, the pandemic has highlighted the importance of smooth material flow in industries and hygienic access control in public places like hospitals and transportation hubs. This is expected to drive replacement demand for high performance doors in the post-COVID era. Manufacturers will need to focus on cost optimization, digitalization of operations and supply chain resilience to overcome the initial losses and tap into new opportunities emerging in the recovery phase.
Regions with High Concentration of High Performance Doors Market
In terms of value, the high performance doors market is highly concentrated in North America and Europe. North America accounts for over 35% of the global market value owing to strong presence of end-use industries and stringent institutional guidelines regarding hygiene, accessibility and energy efficiency in the region. Europe is another major regional market led by Germany, France and UK.
The Asia Pacific region is emerging as the fastest growing market for high performance doors globally. This is attributed to rapid industrialization and infrastructure development activities in countries such as China, India and Southeast Asian nations. In particular, East Asian economies are witnessing increased demand from automotive, food processing and pharmaceutical sectors. Additionally, improving standards of living are propelling commercial construction in urban centers and boosting sales of high performance doors across Asia Pacific.
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