The “Wooden Interior Door Market” size is expected to grow from US$ 15,459.82 million in 2022 to US$ 21,477.53 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
Growing construction industry and improving standards of living of consumers in North America are the crucial factors assisting the growth of the wooden interior door market share. The number of single-family homes and privately owned housing under construction increased to the highest level in North America since 2010.
Get a Sample PDF of report @: https://www.premiummarketinsights.com/sample/TIP00073730
Companies Profiled in this report includes:
- Concept SGA Inc
- Simpson Door Co
- Jeld-Wen Holding Inc
- Marvin Ltd.
- Masonite International Corp
- Woodgrain Inc
- Puertas Salmar SA
- Puertas Sanrafael SA
- Artisan Hardware
- Rustica
China is the world’s largest construction market and has played an increasingly important role in bolstering the country’s economy. For instance, China’s building construction completion value totaled US$ 1.14 trillion in 2021. Among all building construction, residential construction was 63% of the total. The rest was mostly office buildings and factories. Meanwhile, in 2022, the share of local government funding to infrastructure construction activity rise to 39% in 2022 from 18% in 2021. According to Design Build Network, investment in infrastructure increased by 7.4% between January and July 2022. In September 2022, China issued US$ 29 billion in special loans to help developers finish stalled housing projects. Furthermore, China’s urbanization rate is among the highest in the world. According to the American Institute of Architects (AIA) Shanghai report, China will have constructed the equivalent of 10 New York-sized cities by 2025. Moreover, China is the second largest exporter of wooden door in the world with 75,442 shipments in 2022. All these factors contribute to the growth of wooden interior door market in China.
– According to the US Census Bureau and the US Department of Housing and Urban Development’s new residential construction statistics, privately owned housing completions were at an annual rate of 1,309,000 in February 2022, an increase of 5.9% from the January estimate of 1,236,000. Furthermore, single?family housing completions in February 2022 were at a rate of 1,034,000, 12.1% higher than that of January at 922,000.
– According to Jonas Construction Software Inc, Canada’s construction sector is expected to be worth more than US$ 430 billion and is expected to grow at 8.5% by 2024.
Buy this report @: https://www.premiummarketinsights.com/buy/TIP00073730
Wooden Interior Door Market Segmentation:
By Type:
- Panel Door
- Bypass Door
- Bifold Door
- Pocket Door
By Mechanism:
- Swinging
- Sliding
- Folding
By End User:
- Residential
- Non-Residential
However, in 2021, with the relaxation of lockdowns and the start of the vaccination process, the shipments of raw materials started again, and construction projects resumed. Furthermore, due to the growing disposable income of consumers and the rising number of renovations and construction activities, wooden interior door manufacturers from different regions are shifting their operations to various countries in Asia Pacific. Moreover, massive growth in the construction of office spaces in this region, along with the rapid expansion of the real estate industry, is expected to influence the wooden interior door market growth in APAC.
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: [email protected]