The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033.
The Garage And Overhead Doors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Garage And Overhead Doors Global Market Report 2024, The garage and overhead doors market size has grown strongly in recent years. It will grow from $6.97 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to residential construction boom, renovation and remodeling trends, industrial and commercial development, security and safety concerns, urbanization and population growth.The garage and overhead doors market size is expected to see strong growth in the next few years. It will grow to $9.23 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
The increasing expansion of the automobile industry is expected to propel the growth of the garage and overhead door market. The rise in vehicle ownership contributes to the demand for secure and personalized garage spaces, creating a need for reliable and technologically advanced overhead doors. This trend is observed in both residential and commercial applications, emphasizing aspects such as security, aesthetics, and convenience.The economic prosperity associated with a thriving automobile industry further motivates homeowners to invest in upgrading their garage spaces. This contributes to the overall expansion of the garage and overhead door market. For example, in January 2022, according to the Office of Energy Efficiency and Renewable Energy, a US-based government agency under the U.S. Department of Energy, sales of new light-duty vehicles increased to 14.9 million in 2021, marking a 3% increase over 2020. Therefore, the increasing expansion of the automobile industry is driving the growth of the garage and overhead door market.
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Top Major Players
Moxa Inc.,
Kongsberg Gruppen AS,
Praxis Automation Technology B.V.,
General Electric Company,
Norr Systems Pte. Ltd
The garage and overhead doors market covered in this report is segmented –
1) By Material: Aluminum, Steel, Wood, Fiberglass, Vinyl
2) By Application: Exterior Application, Interior Application
3) By End Users: Residential, Commercial
The garage and overhead doors market report table of contents includes:
1. Executive Summary
- Garage And Overhead Doors Market Characteristics
- Garage And Overhead Doors Market Trends And Strategies
- Garage And Overhead Doors Market – Macro Economic Scenario
- Global Garage And Overhead Doors Market Size and Growth
- Garage And Overhead Doors Market Segmentation
- Garage And Overhead Doors Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Garage And Overhead Doors Market
- Garage And Overhead Doors Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Garage And Overhead Doors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Garage And Overhead Doors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Garage And Overhead Doors Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………………
Table 74: Moxa Inc. Financial Performance
Table 75: Kongsberg Gruppen AS Financial Performance
Table 76: Praxis Automation Technology B.V. Financial Performance
Table 77: General Electric Company Financial Performance
Table 78: Norr Systems Pte. Ltd. Financial Performance
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