The Garage and Overhead Doors Market size was estimated at USD 6.98 billion in 2022 and is expected to reach USD 10.55 billion by 2030 at a CAGR of 5.3% during the forecast period of 2023-2030.
The market for garage and overhead doors is fiercely competitive and expanding quickly. Residential and commercial property demand is growing, and there is a growing desire for door systems that are safe and secure. Smart home systems and the deployment of modern technologies have both helped this industry expand in recent years.
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It is simple to improve a home's energy efficiency by installing an eco-friendly garage door. The primary moving component of a home is the garage door, which must retain structural dependability and energy efficiency – two important practices in green building and sustainable design. The production and design of a biodegradable door or green garage door have little to no impact on the environment. However, whether in a residential or business neighborhood, users may find the cost of maintenance and repair to be prohibitive. Diese acts as a roadblock to the growth of the overhead and garage door markets.
MARKET DYNAMICS
DRIVERS
When undertaking renovation and remodeling projects, homeowners and businesses frequently replace or update their garage doors, which increases market demand.
The development of technologically advanced and safe garage and overhead door systems is driven by the demand for increased security and access control in both residential and commercial premises.
Growing demand for energy-efficient doors with greater insulating qualities is a result of rising energy prices and environmental concerns, which helps the industry expand.
RESTRAIN
Construction activity and consumer spending, which could lead to decreased demand for new garage doors or other overhead doors, may be affected by a downturn in the economy or uncertainty.
Replacing and installing garage doors may cost a considerable amount of money, which can deter some customers from investing in high-quality or innovative products.
It may be complicated to comply with the safety and building code requirements, which will add costs and administrative burdens for door manufacturers and installers.
OPPORTUNITY
Continuous innovation gives businesses the chance to differentiate their products, such as through the creation of more effective motors, better insulating materials, and smart door features.
Manufacturers now have the chance to provide recyclable and environmentally friendly door materials, thanks to the movement toward sustainability and environmental awareness.
Direct-to-consumer-business strategies and expanding internet-sales channels let Door-Makers contact more people and provide customization possibilities.
CHALLENGES
Production and lead times may be impacted by supply chain hiccups, such as a lack of raw materials or components.
Consumer confidence may decline as a result of occurrences like economic downturns or world crises, which may also result in less money being spent on building and remodeling projects.
IMPACT OF RUSSIA-UKRAINE WAR
Supply networks may be damaged, and the war may have an impact on the cost of raw materials required to make overhead and garage doors. If the conflict affects the availability of steel or aluminum, it can raise manufacturing costs, which might result in higher consumer prices or smaller manufacturer profit margins. Geopolitical unrest may cause currency exchange rates to fluctuate, which may have an impact on global commerce. Manufacturers who depend on importing or exporting garage and overhead doors or their components could run into problems because of Fluctuations in currency exchange rates. Property owners may become more concerned with security elements, such as garage door security, in areas with high geopolitical tensions. This can result in a rise in demand for high-tech security systems for garage and overhead doors.
IMPACT OF ONGOING RECESSION
Both residential and commercial building activity often slows down during Recessions. The need for garage and overhead doors, which are crucial parts of these structures, may decline, if there is less of a desire for new structures and real estate development initiatives. Consumer tastes may change during recessions to favor more affordable and value-oriented goods. Manufacturers might have to change the products they supply to meet shifting consumer expectations. The battle between garage door makers and installers can get more intense, as demand declines. Price competition and an emphasis on cost-cutting strategies may result from this. Consumer spending and building activity can benefit from government stimulus programs and economic recovery initiatives. Depending on the level of public assistance, the market might be reduced.
By Material Type
Aluminium
Steel
Wood
Fiberglass
Vinyl
Others
By End User
Residential
Commercial
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
The rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
The market in North America is anticipated to hold a significant portion of the global market and to grow much faster than its competitors. Throughout the projection period, it is predicted that the U.S. will continue to lead the industry's expansion, and several important companies will enter the lucrative market. The manufacturers will endeavor to expand their direct customer reach, enter into agreements with raw material suppliers, and simultaneously invest a sizable sum in the creation of new products to diversify their portfolio and foster comprehensive growth in the local market.
The major key players are Clopay Corporation, Sanwa Holdings Corporation, Wayne Dalton, and CHL. Overhead Doors, Raynor Garage Doors, PerforMax Global, Dynaco, Rite Hite, Rytec Corporation, Chase Doors, Goff's Enterprises and others.
Clopay Corporation-Company Financial Analysis
RECENT DEVELOPMENT
Nucor Corporation: In May 2022, the purchase of C.H.l. Overhead Doors by Nucor Corporation was completed. C.H.l. Overhead Doors is a well-known North American producer of overhead doors used in both residential and commercial settings. The strategic purchase will assist Nucor Corporation in being recognized as one of the leading players in the North American market.
| Report Attributes | Details |
| Market Size in 2022 | US$ 6.98 Bn |
| Market Size by 2030 | US$ 10.55 Bn |
| CAGR | CAGR of 5.3% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material Type (Aluminium, Steel, Wood, Fiberglass, Vinyl, Others) • By End User (Residential, Commercial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Clopay Corporation, Sanwa Holdings Corporation, Wayne Dalton, CHL. Overhead Doors, Raynor Garage Doors, PerforMax Global, Dynaco, Rite Hite, Rytec Corporation, Chase Doors, Goff's Enterprises |
| Key Drivers | • When undertaking renovation and remodeling projects, homeowners and businesses frequently replace or update their garage doors, which increases market demand. • The development of technologically advanced and safe garage and overhead door systems is driven by the demand for increased security and access control in both residential and commercial premises. • Growing demand for energy-efficient doors with greater insulating qualities is a result of rising energy prices and environmental concerns, which helps the industry expand. |
| Market Challenges | • Production and lead times may be impacted by supply chain hiccups, such as a lack of raw materials or components. • Consumer confidence may decline as a result of occurrences like economic downturns or world crises, which may also result in less money being spent on building and remodeling projects. |
The Garage and Overhead Doors Market is expected to grow at 5.3% CAGR from 2023 to 2030.
According to our analysis, the Garage and Overhead Doors Market is anticipated to reach USD10.55 billion By 2030.
The market is anticipated to grow, as more sturdy and quick-opening overhead garage doors are used.
The leading participants in the Clopay Corporation, Sanwa Holdings Corporation, Wayne Dalton, CHL. Overhead Doors, Raynor Garage Doors.
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TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Garage and Overhead Doors Market Segmentation, By Material Type
8.1 Aluminium
8.2 steel
8.3 Wood
8.4 Fiberglass
8.5 Vinyl
8.6 Others
9. Garage and Overhead Doors Market Segmentation, By End User
9.1 Residential
9.2 Commercial
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Garage and Overhead Doors Market by Country
10.2.2North America Garage and Overhead Doors Market By Material Type
10.2.3 North America Garage and Overhead Doors Market By End User
10.2.4 USA
10.2.4.1 USA Garage and Overhead Doors Market By Material Type
10.2.4.2 USA Garage and Overhead Doors Market By End User
10.2.5 Canada
10.2.5.1 Canada Garage and Overhead Doors Market By Material Type
10.2.5.2 Canada Garage and Overhead Doors Market By End User
10.2.6 Mexico
10.2.6.1 Mexico Garage and Overhead Doors Market By Material Type
10.2.6.2 Mexico Garage and Overhead Doors Market By End User
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Garage and Overhead Doors Market by Country
10.3.1.2 Eastern Europe Garage and Overhead Doors Market By Material Type
10.3.1.3 Eastern Europe Garage and Overhead Doors Market By End User
10.3.1.4 Poland
10.3.1.4.1 Poland Garage and Overhead Doors Market By Material Type
10.3.1.4.2 Poland Garage and Overhead Doors Market By End User
10.3.1.5 Romania
10.3.1.5.1 Romania Garage and Overhead Doors Market By Material Type
10.3.1.5.2 Romania Garage and Overhead Doors Market By End User
10.3.1.6 Hungary
10.3.1.6.1 Hungary Garage and Overhead Doors Market By Material Type
10.3.1.6.2 Hungary Garage and Overhead Doors Market By End User
10.3.1.7 Turkey
10.3.1.7.1 Turkey Garage and Overhead Doors Market By Material Type
10.3.1.7.2 Turkey Garage and Overhead Doors Market By End User
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Garage and Overhead Doors Market By Material Type
10.3.1.8.2 Rest of Eastern Europe Garage and Overhead Doors Market By End User
10.3.2 Western Europe
10.3.2.1 Western Europe Garage and Overhead Doors Market by Country
10.3.2.2 Western Europe Garage and Overhead Doors Market By Material Type
10.3.2.3 Western Europe Garage and Overhead Doors Market By End User
10.3.2.4 Germany
10.3.2.4.1 Germany Garage and Overhead Doors Market By Material Type
10.3.2.4.2 Germany Garage and Overhead Doors Market By End User
10.3.2.5 France
10.3.2.5.1 France Garage and Overhead Doors Market By Material Type
10.3.2.5.2 France Garage and Overhead Doors Market By End User
10.3.2.6 UK
10.3.2.6.1 UK Garage and Overhead Doors Market By Material Type
10.3.2.6.2 UK Garage and Overhead Doors Market By End User
10.3.2.7 Italy
10.3.2.7.1 Italy Garage and Overhead Doors Market By Material Type
10.3.2.7.2 Italy Garage and Overhead Doors Market By End User
10.3.2.8 Spain
10.3.2.8.1 Spain Garage and Overhead Doors Market By Material Type
10.3.2.8.2 Spain Garage and Overhead Doors Market By End User
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Garage and Overhead Doors Market By Material Type
10.3.2.9.2 Netherlands Garage and Overhead Doors Market By End User
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Garage and Overhead Doors Market By Material Type
10.3.2.10.2 Switzerland Garage and Overhead Doors Market By End User
10.3.2.11 Austria
10.3.2.11.1 Austria Garage and Overhead Doors Market By Material Type
10.3.2.11.2 Austria Garage and Overhead Doors Market By End User
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Garage and Overhead Doors Market By Material Type
10.3.2.12.2 Rest of Western Europe Garage and Overhead Doors Market By End User
10.4 Asia-Pacific
10.4.1 Asia Pacific Garage and Overhead Doors Market by Country
10.4.2 Asia Pacific Garage and Overhead Doors Market By Material Type
10.4.3 Asia Pacific Garage and Overhead Doors Market By End User
10.4.4 China
10.4.4.1 China Garage and Overhead Doors Market By Material Type
10.4.4.2 China Garage and Overhead Doors Market By End User
10.4.5 India
10.4.5.1 India Garage and Overhead Doors Market By Material Type
10.4.5.2 India Garage and Overhead Doors Market By End User
10.4.6 Japan
10.4.6.1 Japan Garage and Overhead Doors Market By Material Type
10.4.6.2 Japan Garage and Overhead Doors Market By End User
10.4.7 South Korea
10.4.7.1 South Korea Garage and Overhead Doors Market By Material Type
10.4.7.2 South Korea Garage and Overhead Doors Market By End User
10.4.8 Vietnam
10.4.8.1 Vietnam Garage and Overhead Doors Market By Material Type
10.4.8.2 Vietnam Garage and Overhead Doors Market By End User
10.4.9 Singapore
10.4.9.1 Singapore Garage and Overhead Doors Market By Material Type
10.4.9.2 Singapore Garage and Overhead Doors Market By End User
10.4.10 Australia
10.4.10.1 Australia Garage and Overhead Doors Market By Material Type
10.4.10.2 Australia Garage and Overhead Doors Market By End User
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Garage and Overhead Doors Market By Material Type
10.4.11.2 Rest of Asia-Pacific APAC Garage and Overhead Doors Market By End User
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Garage and Overhead Doors Market by Country
10.5.1.2 Middle East Garage and Overhead Doors Market By Material Type
10.5.1.3 Middle East Garage and Overhead Doors Market By End User
10.5.1.4 UAE
10.5.1.4.1 UAE Garage and Overhead Doors Market By Material Type
10.5.1.4.2 UAE Garage and Overhead Doors Market By End User
10.5.1.5 Egypt
10.5.1.5.1 Egypt Garage and Overhead Doors Market By Material Type
10.5.1.5.2 Egypt Garage and Overhead Doors Market By End User
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Garage and Overhead Doors Market By Material Type
10.5.1.6.2 Saudi Arabia Garage and Overhead Doors Market By End User
10.5.1.7 Qatar
10.5.1.7.1 Qatar Garage and Overhead Doors Market By Material Type
10.5.1.7.2 Qatar Garage and Overhead Doors Market By End User
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Garage and Overhead Doors Market By Material Type
10.5.1.8.2 Rest of Middle East Garage and Overhead Doors Market By End User
10.5.2 Africa
10.5.2.1 Africa Garage and Overhead Doors Market by Country
10.5.2.2 Africa Garage and Overhead Doors Market By Material Type
10.5.2.3 Africa Garage and Overhead Doors Market By End User
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Garage and Overhead Doors Market By Material Type
10.5.2.4.2 Nigeria Garage and Overhead Doors Market By End User
10.5.2.5 South Africa
10.5.2.5.1 South Africa Garage and Overhead Doors Market By Material Type
10.5.2.5.2 South Africa Garage and Overhead Doors Market By End User
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Garage and Overhead Doors Market By Material Type
10.5.2.6.2 Rest of Africa Garage and Overhead Doors Market By End User
10.6 Latin America
10.6.1 Latin America Garage and Overhead Doors Market by Country
10.6.2 Latin America Garage and Overhead Doors Market By Material Type
10.6.3 Latin America Garage and Overhead Doors Market By End User
10.6.4 Brazil
10.6.4.1 Brazil Garage and Overhead Doors Market By Material Type
10.6.4.2 Brazil Africa Garage and Overhead Doors Market By End User
10.6.5 Argentina
10.6.5.1 Argentina Garage and Overhead Doors Market By Material Type
10.6.5.2 Argentina Garage and Overhead Doors Market By End User
10.6.6 Colombia
10.6.6.1 Colombia Garage and Overhead Doors Market By Material Type
10.6.6.2 Colombia Garage and Overhead Doors Market By End User
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Garage and Overhead Doors Market By Material Type
10.6.7.2 Rest of Latin America Garage and Overhead Doors Market By End User
11. Company Profile
11.1 Clopay Corporation
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Sanwa Holdings Corporation
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Wayne Dalton
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 CHL.
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Raynor Garage Doors
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 PerforMax Global
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Dynaco
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Rite Hite
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Rytec Corporation
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Chase Doors
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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