The market for wooden interior doors will grow by an average of 4.5% from 2023 to 2032. It provided such data in the report of the global consulting company Global Market Insights.
The global market for windows and doors is expected to reach USD 356.7 billion.
The global market for wooden interior doors reached USD 1.6 billion in 2022. The Asia-Pacific region accounted for USD 0.6 billion of this figure.
The residential sector accounted for 65.7% of demand. Hinged doors, which are often installed in bedrooms, bathrooms and kitchens, generated the largest profit.
This is due to the growth in construction. In July 2022, 30% of the population were renovating their homes, of which 22% had just completed the reconstruction and 10% were planning to start it. Therefore, the growth prospects of the construction sector and the boom in building renovations are identified by Global Market Insights as the main factors behind the expansion of the wooden interior doors market.
However, Global Market Insights cites construction delays and international trade restrictions as challenges faced by manufacturers of wooden interior doors.
Ілюстраційне фото: Phil on Unsplash
The global market for wooden interior doors will reach USD 2.5 billion in 2032
ID no: 22822
Oct 28, 2024
Nov 22, 2024
