India Door Market to Rise at a Revenue of US$ 1,601.04 Million by 2030

CHICAGO, UNITED STATES, May 31, 2023/EINPresswire.com/ -- India door market has noticed massive growth in recent years. As per the Analysis of Astute Analytica, India door market was valued at US$ 978.17 Mn in 2022 and is projected to reach US$ 1,601.04 Mn by 2030 at a CAGR of 6.2% during the forecast period 2023-2030. This growth is due to the growing demand for impact-resistant doors and the increasing understanding among consumers about the significance of safety and security.

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India's door market, which is expanding quickly and is highly competitive, offers chances for both established and emerging firms. The rising demand for doors in the construction and real estate industries and in the rehabilitation and replacement markets provides an opportunity for growth and extension of business operations.

Institutional investments in Indian real estate gained US$ 5 billion in 2020, and foreign direct investment (FDI) generated US$ 55.18 billion from April 2000 to September 2022. Additionally, major cities like Bengaluru, Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun are anticipated to be the most popular locations for NRI property investors, with Bengaluru ranking first among the top 10.

Moreover, the Investment Information and Credit Rating Agency reports that the residential real estate market expanded by 11% year over year in the fourth quarter of 2022. Additionally, a lot more retail shops, hotels, and other commercial real estate structures are being built, which is crucial infrastructure for India's expanding demands. As a result, the spike in construction projects across India will fuel the market expansion.

The Indian government has started a number of programs to encourage the development of the construction industry and supply the nation's expanding population with cheap housing. The Affordable Housing Programme, which strives to offer decent, affordable homes to low-income and economically disadvantaged populations, is one of the major programs.

The government has introduced several programs in addition to the Affordable Housing Plan, including the Deen Dayal Upadhyaya Grameen Kaushalya Yojana, the Pradhan Mantri Awas Yojana, and the National Rural Livelihoods Mission. These programs aim to raise the construction industry's profile, promote job growth, and raise both urban and rural residents' quality of life. The need for doors and other building materials is likely to increase as the construction sector expands, creating a sizable potential for companies in this country.

Interior Doors Generated a Revenue Shae of 78.9%

In 2022, the interior doors segment accounted for a leading share of 78.9% of the India door market. This is due to the fact that interior doors are frequently used to create a practical living or working areas, provide privacy, and divide rooms in many structures. Interior doors are a significant part of the door market due to their adaptability and practicality. In addition, they will continue to propel market expansion in the years to come.

Engineered Wood Material is Majorly Preferred by End-Users

In 2022, the engineered wood segment held a significant share of the India door market and is estimated to attain 31% of the revenue share by 2030 since they are inexpensive, strong, and versatile. Engineered wood doors have numerous advantages over solid wood doors, including increased stability, resistance to moisture, and reduced prices. They are manufactured from a combination of real wood and other materials, such as particleboard, MDF, or HDF.

Flush Doors Dominated the India Door Market

In 2022, the flush doors segment dominated the market. Flush doors have a smooth surface and are typically composed of solid wood, engineered wood, or metal for the door panels and the frame. In India, flush doors are preferred because of their simplicity, adaptability, and low cost. They are frequently used in residential, commercial, and industrial structures and have a wide range of uses, including cabinet doors, interior doors, and doors for the outside of buildings.

Growing Adaptability of Sliding Doors Among End-Users

The sliding door segment is likely to project a lucrative growth rate from 2023-2030. The simplicity and adaptability of sliding doors contribute to their popularity in the country. India's large market share for sliding doors is a result of the country's expanding need for practical and convenient door solutions. Also, higher-quality and more lasting sliding doors can now produce because of developments in manufacturing techniques and materials, which have increased their appeal in the Indian market.

Residential Sector is Majorly Employing Doors

In 2022, the residential segment maintained a significant share of the India door maret. The need for doors in the residential sector in India has been driven by the increased need for cheap housing, as well as expanding urbanization and standards of life.

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Competitive Landscape

Geeta Aluminum Company, Godrej Group, Hettich India, Pella Corporation, and Durian Industries are a few of the top competitors. These businesses have been able to stand out from the competition in the market through innovative products, active marketing strategies, and clever alliances with distributors and suppliers. Additionally, the introduction of new players has increased competition, which has lowered costs and broadened product availability.

According to Astute Analytics, the Geeta Aluminium Company is a leader in the Indian door market. It also has a reputation for offering high-quality goods and services for more than 50 years. The business has made a name for itself as one of the top retailers in the market of selling and distributing aluminum window and door components.

The major company strength is that it provides a comprehensive range of goods and services to meet the various needs of its clients. They offer custom door design, manufacture, and installation. In addition to a wide range of aluminum profiles, accessories, and associated systems and parts. Sliding, folding, pivot, and patio doors are among the wide variety of doors offered by the company; each is designed and made using premium materials and is covered by a comprehensive warranty.

Some of the well-known companies operating in the India door market are:
Century Doors
Beautex
DORMA
D. S. Doors India
Fenesta Building Systems
Duroplast Extrusions
Hifab Aluminum Pvt. Ltd
Geeta Aluminum Company
KONE India
Kalco Alu-systems Pvt.Ltd
Magna International
Lumani Schuco
Reynaers Aluminum
Mahavir Aluminum
Welltech Systems
Sapa Building System
Other Prominent Players

Segmentation Outline

The India door market segmentation focuses on Product Type, Material, Application, and Mechanism.
By Product Type
Interior Doors
Exterior Doors

By Material
Wood
Softwood
Teak
Cedar
Oak
Redwood
Mahogany
Others
Metal
Glass
Plastic
Composite

By Application
Residential
Commercial
Healthcare
Retail and Offices
Education
Hospitality
Others

By Mechanism
Standard Doors
Folding Doors
Overhead Doors
Sliding Doors
Swinging Doors
Others

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About Astute Analytica
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

Aamir Beg
Astute Analytica
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