Sept. 12, 2017
Doors Market in India
Indian Doors Market Size By Product (Hinged, Bi-fold, French, Dutch or stable, Stacker, Sliding, Tilt, Roller, Security screen), By Material (Aluminum, Steel, WPC, Glass, uPVC, Wood), By Application (Residential, Commercial [Healthcare, Education, Hospitality]), Industry Analysis Report, State Outlook (Tamil Nadu, Karnataka, Kerala, Andhra Pradesh, Bihar, Jharkhand, West Bengal, Odisha, North East, Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Chhattisgarh, Delhi NCR, Uttar Pradesh, Punjab, Haryana), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Indian Door Market is forecast to surpass USD 2,800 million by 2024; according to a new research report by Global Market Insights, Inc. Growing urbanization coupled with increasing infrastructure spending is anticipated to drive Indian doors market growth. Up surge in government spending in residential projects, commercial & building renovation, along with rise in tourism industry has positively influenced the product demand.
Maharashtra accounted over 12% of Indian doors market. As per the national population and housing census of 2011, out of 3.36 crore registered houses, 2.98 crores were in the Maharashtra. In addition, the state government proposed a draft notification in 2017, which will allow developers to offer housing stock or pay a premium to the authority for projects spread over 2,000 sq. meters.
West Bengal generated over USD 90 million revenue in 2016. Rise in the number of commercial projects in the area, including Rajarhat and Newton will also influence the product market demand positively.
Delhi will witness a significant growth due to rapid urbanization coupled with the proliferation of nuclear families which has created a culture of moving into apartments, propelling the construction industry of the union territory.
Century, KONE, DORMA, Fenesta, D.S. India, Welltech Systems and Duroplast are among the key manufacturers of Indian doors market share. Presence of numerous regional, national and local producers makes the industry highly competitive in nature.
Other prominent participants include Lumani Schuco, Reynaers Aluminum, Sapa Building System and Beautex. Mergers & acquisitions, expansion and development of the product portfolio are among the significant strategies.