Garage and Overhead Door Market, Forecast 2024-2032
The Garage and Overhead Door Market size was valued at USD 6.79 USD billion in 2023 and is projected to reach USD 24.76 USD billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. Garage and overhead doors are critical fixtures in homes and other buildings, as they offer protection, ease of access, and design conspicuousness. Let me explain that a garage door is generally understood to be a large door that is used to close a garage, whereas an overhead door is a certain type of garage door, which is installed in the garage and opens vertically, and when opened, is located at the level of the garage ceiling. Views are sectional, roll-up, side-hinged, as well as tilt-up. These are special doors that are used in garages and overheads and it’s come with certain features such as the door being made of steel, wood or aluminium, insulated for energy-saving purposes and containing auto reversal sensors. Sophisticated modes can come with smart features to support remote operation and surveillance. These doors are particularly popular in homes, warehouses and commercial spaces and they provide security and shelter to cars, equipment and other property. The benefits are numerous: protection, aesthetics, and property value as a result of the uplifted external appearance of the premises. The insulated models ensure that the car cabin has control of the kind of temperature level within it, hence it will minimize the energy consumption.
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The comprehensive Garage and Overhead Door Market Report provides a detailed analysis of the market size, trends, drivers, challenges, segmentation, competitive landscape, and key developments. It also includes regional insights and forecasts for the global market.
The global garage and overhead door market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is the largest market due to the high demand for residential and commercial construction. However, Asia Pacific is expected to witness the fastest growth during the forecast period due to rapid urbanization and increasing disposable income.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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