September 16, 2021 07:00 ET | Source: Global Market Insights Inc. Global Market Insights Inc.
SELBYVILLE, Del., Sept. 16, 2021 (GLOBE NEWSWIRE) -- The fire door market revenue is anticipated to record a valuation of USD 17.8 billion by 2027, according to the most recent study by Global Market Insights Inc. Infrastructure development is a key factor, affecting the productivity of developed and emerging economies. Additionally, global population growth is another factor in infrastructure development. The growing demand for commercial and residential properties equipped with strict building safety regulations will propel the market demand.
Timber fire doors will be valued at over USD 3.3 billion by 2027. Timber offers a traditional design, along with the durability required by clients. It is mainly used in the entrance doors of carved houses and gives an aesthetic advantage to the infrastructure, which will drive the market growth.
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Based on product, double-action fire doors are growing at a CAGR of 5.8% through 2027. Double action doors offer great convenience in opening and closing, as the door returns to the closed position by the action of the hinge. Neither tilt door closers nor floor springs are required. Being easy to install, closing & opening without pivoting, and self-closing systems are the key features of double action doors, which are positively influencing the market growth.
The flush glazed fire door is anticipated to generate a revenue of around USD 2 billion by 2027 at a CAGR of 6.8%. In flush glazed doors, glass is made and installed directly on the door during the manufacturing process. This process eliminates the need for any additional frames and provides high weather protection. Such trends will bolster the segment's growth.
Based on end-use, the external fire door market is set to reach USD 15 billion by 2027. A regulatory framework that facilitates exits and provides effective fire protection to building entrances has fueled the growth of the external fire door market. The growing use of highly rated flame retardant materials coupled with advancements in materials science will drive demand in the industry. Instructions defining the location of the external fire doors within the building structure to ensure rapid evacuation will facilitate product penetration.
Europe's fire door market is growing at a CAGR of around 4% through 2027. Low inflation coupled with reduced fiscal tightening is expected to increase construction spending in this region. Stringent government regulations on fire safety and industrial & occupational safety will determine the fire door market size. Prevention against fire accidents will support the industry demand. Germany and the UK are potential countries in the European fire door market.
Key industry participants operating in the industry are Hormann, AM Technology, Chase Door, MeskerDoor, UK Fire Doors Ltd., Nihon Funen, and Republic Doors and Frames, among others.
Some major findings of the fire door market report include:
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Partial chapters of report table of contents (TOC):
3.2 Industry size and forecast, 2017 - 2027
3.2.1 COVID-19 impact on industry landscape
3.3.1.1 COVID-19 impact on raw material supply
3.3.1.2 Challenges faced by the raw materials suppliers
3.3.2.1 Challenges faced by the fire door manufacturers
3.3.7.1 List of key raw materials manufacturers/suppliers
3.3.7.2 List of key manufacturers/distributors
3.4 Fire rated door structure analysis
3.5 List of key manufacturers and distributors by timber type
3.6.3 Innovations in door and hardware component
3.7.7 Comparison between steel, wood, and aluminum-based doors
3.8.1.1 Fire & life safety code
3.8.1.2 Fire rating requirements for doors at various locations
3.9 Industry best practices and key buying criteria
3.9.3 Micro & macro-economic factors influencing demand
3.9.3.1 Massive housing projects in pipeline
3.11.1.1 Sturdy increase in necessity for safety & security coupled with escalating number of fire incidences
3.11.1.2 Residential & commercial construction growth and expansion in infrastructural renovation projects
3.11.1.3 Regulatory and government focus on fire safety & security
3.17 COVID-19 impact on fire door industry
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Arun Hegde Corporate Sales, USA Global Market Insights Inc. Phone: 1-302-846-7766 Toll-Free: 1-888-689-0688 Email: sales@gminsights.com
Image 1: Fire Door Market revenue to exceed $17.8 bn by 2027 Fire Door Market size is projected to cross USD 17.8 billion by 2027; according to a new research report by Global Market Insights Inc.
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