The Garage and Overhead Doors Market Share was estimated to be USD 6.98 billion in 2022. It is projected to reach USD 10.55 billion by 2030, with a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2030.

This robust growth can be attributed to various factors, including increasing urbanization, rising disposable incomes, and a growing emphasis on home security. As more individuals seek to enhance the functionality and aesthetics of their residential and commercial spaces, the demand for garage and overhead doors has witnessed a significant surge.

Furthermore, the market is being driven by technological advancements in door automation, energy efficiency, and smart home integration. These innovations have not only improved convenience and ease of use but also contributed to energy savings and enhanced security features.

The forecasted CAGR of 5.3% indicates a steady and sustainable growth trajectory for the industry. As the global economy continues to recover and construction activities gain momentum, the demand for garage and overhead doors is expected to witness a substantial upswing.

In conclusion, the Garage and Overhead Doors Market is poised for remarkable growth, with an estimated value of USD 10.55 billion by 2030. The industry's expansion is fueled by factors such as urbanization, increasing disposable incomes, and technological advancements. As the market continues to evolve, manufacturers and suppliers must adapt to meet the growing demand and capitalize on the opportunities presented by this thriving sector.

 

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KEY MARKET SEGMENTATION

By Material Type

  • Aluminium
  • Steel
  • Wood
  • Fiberglass
  • Vinyl
  • Others

By End User

  • Residential
  • Commercial

Key Players

The major key players are Clopay Corporation, Sanwa Holdings Corporation, Wayne Dalton, and CHL. Overhead Doors, Raynor Garage Doors, PerforMax Global, Dynaco, Rite Hite, Rytec Corporation, Chase Doors, Goff's Enterprises and others.

 

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Table of Contents

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Impact Analysis
  5. Value Chain Analysis
  6. Porter’s 5 forces model
  7. PEST Analysis
  8. Garage and Overhead Doors Market Segmentation, By Material Type
  9. Garage and Overhead Doors Market Segmentation, By End User
  10. Regional Analysis
  11. Company profile
  12. Competitive Landscape
  13. USE Cases and Best Practices
  14. Conclusion

 

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