Garage Door Manufacturing in the US - Industry Market Research Report

Going Up: Low Interest Rates Will Likely Encourage Investment in Construction Activity

Garage door manufacturers are a vital component of both commercial and residential construction, providing an easily overlooked but essential component of any property that seeks to include attractive parking. This industry has endured some drastic swings in recent years as a result of the pandemic. Lockdown orders for nonessential businesses kept workers at home and brought production to a standstill while downstream demand buckled under the overpowering economic uncertainty. Commodity prices fell off as demand shriveled but quickly rose as a resurging economy demanded more than could be supplied, making managing input costs all the more difficult and pressuring profit. Altogether, industry revenue has been falling at a CAGR of 1.9% to $5.0 billion over the past five years, including an anticipated drop-off of 6.5% in 2023 alone. The Garage Door Manufacturing industry includes operators that primarily manufacture garage doors. Manufacturers of garage door openers and installers of garage doors are not included in this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.