May 29, 2024
Uncategorized

Global Fire-Rated Doors Market Size to Grow at a CAGR of 6.30% in the Forecast Period of 2023-2028

Fire-Rated Doors Market

The ‘Global Fire-Rated Doors Market Outlook, Size, Share, Scope, Analysis, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the global fire-rated doors market, assessing the market on the basis of its segments like mechanisms, material, end use, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Fire-Rated Doors Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Forecast CAGR (2023-2028): 6.30%
Report Attribute Details
Historical Period 2018-2022
Forecast Period 2023-2028
Base Year 2022
Market Size in 2021 USD 43.03 billion
Revenue Forecast in 2027 USD 62.26 billion
Growth Rate CAGR 6.30%
Major Players ASSA ABLOY, GEZE GmbH, Lindner Group, Manusa, NABCO Entrances Inc., Sanwa Holdings Corporation and others.

The availability of fire-rated doors made up of diverse materials has enhanced the market demand for fire-rated doors. A major driver of this market is the rising inclination towards steel-fire rated doors, that are filled with fire-resistant materials and enclosed with a seal which expands when it comes in contact with fire. Additional benefits like lesser space requirements and fairly easy setup are likely to boost the sales of these doors and expand the global fire-rated doors market in the forthcoming period.

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The governments of numerous countries have imposed strict regulations regarding the installation of fire-rated doors in residential as well as non-residential areas to ensure the safety of the general public. The high degree of resistance of these doors to fire offers the stranded people enough time to evacuate the area and move important assets to a fire-safe zone, thus minimising damage.

Owing to this, the market growth of the fire-rated doors market has augmented and is likely to grow further with the rising investments in research and development and emerging innovations in the construction of these doors. The convenience and ease of usage of folding fire doors is likely to spur the market towards faster growth in the foreseen period.

Fire-Rated Doors Industry Definition and Major Segments

Fire-rated doors are specialised doors that are capable of slowing down or stopping the spread of fire, smoke, and conductive heat transfer. The doors are made up of frames and usually covered with a fire-resistant material, that can withstand high temperatures. These doors can further reduce any casualties caused by smoke inhalation by providing time for quick evacuation.

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On the basis of mechanisms, the market is classified into:

  • Swinging Fire Doors
  • Sliding Fire Doors
  • Folding Fire Doors
  • Others

Based on material, the market is categorised into:

  • Wood
  • Metal
  • Glass
  • Others

On the basis of end use, the market is bifurcated into:

  • Residential
  • Non-Residential

Based on region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Fire-Rated Doors Market Trends

Rising population and the growing requirement for fire protection systems has further accelerated the growth of the global fire-rated doors market. The rising disposable income of people and the surging unfortunate instances of fire breakouts are the key market trends observed in the market that have induced the demand for fire-rated doors. Furthermore, the production of the doors with prolonged insulation-time like the EI90 and EI120 has further bolstered this market as they are increasingly being switched to, for advanced protection.

Owing to the growing adoption of advanced technology and safety standards, the fire-rated doors market has captured a sizeable demand. The vast availability of fire-rated doors in different colours and designs enhances their aesthetic appearance, making them appealing and aiding the growth of their market. Fire-rated doors often provide additional benefits like sound proofing, which aptly justifies their application in theatres, hospitals, offices, and cinemas.

Manufacturers are increasingly incorporating e-glass for fire-rated doors applications, owing to its cost-effectiveness and efficiency, which further adds to the expansion of this market. In the past few years, the demand for external fire doors has been surging, owing to the growing trend of fabricated doors in the interior portions of homes which is likely to support a steady growth of the market for fire-rated doors in the future.

Key Market Players

The major players in the global fire-rated doors market report are :

  • ASSA ABLOY
  • GEZE GmbH
  • Lindner Group
  • Manusa
  • NABCO Entrances Inc.
  • Sanwa Holdings Corporation
  • others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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