1. What is the projected Compound Annual Growth Rate (CAGR) of the Garage and Overhead Door Market?
The projected CAGR is approximately 20.3%.
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Garage and Overhead Door MarketGarage and Overhead Door Market by Material Type (Aluminum, Steel, Wood, Fiberglass, Vinyl, Others), by End-user (Residential, Commercial), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific), by Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa), by South America (Brazil, Mexico, Rest of South America) Forecast 2026-2034
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.
Material Type:
End-user:
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 remains the dominant market due to the significant demand for residential and commercial construction. However, Asia Pacific is poised to emerge as a key growth engine, driven by rapid urbanization, increasing disposable income, and expanding construction activities.
Within Asia Pacific, China is a major contributor to market growth. The country's urbanization, coupled with government initiatives to promote homeownership, has spurred demand for new residential properties. Additionally, the growing industrial and commercial sectors are driving the need for high-quality garage and overhead doors.
Other emerging markets in Asia Pacific, such as India and Southeast Asia, are also expected to witness significant growth. These regions are experiencing a surge in construction projects, including residential housing, commercial buildings, and infrastructure development. The growing middle class in these countries is also contributing to the increasing demand for garage and overhead doors.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 20.3% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 20.3%.
Key companies in the market include Clopay Corporation (US), Sanwa Holdings Corporation (Japan), Wayne Dalton (U.S.), C.H.I. Overhead Doors (U.S.), Raynor Garage Doors (U.S.), PerforMax Global (U.S.), Dynaco (Belgium), Rite Hite (U.S.), Rytec Corporation (U.S.), Chase Doors (U.S.), Goff's Enterprises (U.S.).
The market segments include Material Type, End-user.
The market size is estimated to be USD 6.79 USD billion as of 2022.
Rising Demand from the Automotive and Construction Sectors to Aid Market Growth.
Technological Advancement in Equipment to Propel Market Growth.
High Investment and Maintenance Cost of Garage Doors Obstructing Development Prospects.
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The market size is provided in terms of value, measured in USD billion and volume, measured in K Units.
Yes, the market keyword associated with the report is "Garage and Overhead Door Market," which aids in identifying and referencing the specific market segment covered.
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