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Garage and Overhead Doors Market Report Scope & Overview:

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.

Garage and Overhead Doors Market Revenue Analysis

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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.

KEY MARKET SEGMENTATION

By Material Type

  • Aluminium

  • Steel

  • Wood

  • Fiberglass

  • Vinyl

  • Others

By End User

  • Residential

  • Commercial

Garage and Overhead Doors Market Segmentation Analysis

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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.

Key Players

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.

Garage and Overhead Doors Market Report Scope:

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.

 

Frequently Asked Questions

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.

 Yes, you may request customization based on your company's needs.

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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Secondary Research

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Primary Research

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Data Bank Validation

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