Bifold Doors Global Market Opportunities and Strategies to 2032

This report describes and explains the bifold doors market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global bifold doors market reached a value of nearly $10,078.70 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.18% since 2017. The market is expected to grow from $10,078.70 million in 2022 to $13,285.21 million in 2027 at a rate of 5.68%. The market is then expected to grow at a CAGR of 6.25% from 2027 and reach $17,991.54 million in 2032.

Growth in the historic period resulted from growth in the construction industry, rise in green buildings, growth of the restaurant industry, and increase in consumer preference for modernized interior designs. Factors that negatively affected growth in the historic period were the coronavirus pandemic and high installation cost.

Going forward, increasing investments in home remodeling and renovation activities, growing popularity of multifamily dwellings, growing residential sector and rising infrastructure investments will drive the growth. Factors that could hinder the growth of the bifold doors market in the future include the Russia-Ukraine conflict impact and rising interest rates.

The bifold doors market is segmented by type into French doors and sliding pocket doors. The French doors market was the largest segment of the bifold doors market segmented by type, accounting for 65.93% of the total in 2022. Going forward, the sliding pocket doors segment is expected to be the fastest growing segment in the bifold doors market segmented by type, at a CAGR of 5.81% during 2022-2027.

The bifold doors market is segmented by material into wood, metal, glass, vinyl, fiberglass, and other materials. The glass market was the largest segment of the bifold doors market segmented by material, accounting for 31.11% of the total in 2022. Going forward, the fiberglass segment is expected to be the fastest growing segment in the bifold doors market segmented by material, at a CAGR of 5.88% during 2022-2027.

The bifold doors market is segmented by application into interior doors and exterior doors. The interior doors market was the largest segment of the bifold doors market segmented by application, accounting for 65.00% of the total in 2022. Going forward, the exterior doors segment is expected to be the fastest growing segment in the bifold doors market segmented by application, at a CAGR of 5.79% during 2022-2027.

The bifold doors market is segmented by end user into residential and non-residential. The non-residential market was the largest segment of the bifold doors market segmented by end user, accounting for 55.14% of the total in 2022. Going forward, the residential segment is expected to be the fastest growing segment in the bifold doors market segmented by end user, at a CAGR of 5.90% during 2022-2027.

Asia Pacific was the largest region in the bifold doors market, accounting for 31.67% of the total in 2022. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the bifold doors market will be Asia Pacific and North America where growth will be at CAGRs of 7.02% and 5.43% respectively. These will be followed by the Middle East and Western Europe where the markets are expected to grow at CAGRs of 5.29% and 4.85% respectively.

The global bifold doors market is fairly concentrated, with a small number of large players. The top ten competitors in the market made up to 31.37% of the total market in 2021. Andersen Corporation was the largest competitor with 9.62% share of the market, followed by Pella Corporation with 8.23%, JELD-WEN Inc with 7.14%, Ply Gem Industries Inc with 2.69%, ??rv?n W?nd?w? ?nd D??rs with 2.05%, Cascade Windows Inc with 0.90%, Nana Wall Systems Inc. with 0.29%, VEKA AG with 0.25%, Origin Frames Ltd with 0.12%, and AG Millworks with 0.07%.

The top opportunities in the bifold doors market segmented by type will arise in the French doors segment, which will gain $2,086.32 million of global annual sales by 2027. The top opportunities in the bifold doors market segmented by material will arise in the glass segment, which will gain $1,024.07 million of global annual sales by 2027. The top opportunities in the bifold doors market segmented by application will arise in the interior doors segment, which will gain $2,060.90 million of global annual sales by 2027. The top opportunities in the bifold doors market segmented by end user will arise in the non-residential segment, which will gain $1,706.84 million of global annual sales by 2027. The bifold doors market size will gain the most in China at $688.45 million.

Market-trend-based strategies for the bifold doors market include energy-efficient bifold door systems, technological advancements, product innovations and partnerships and acquisitions.

Player-adopted strategies in the bifold doors market include accommodating the need for more modern-looking designs, providing sustainable, next-generation solutions and strengthening business operations through the launch of new products and enhancing operational capabilities through strategic acquisitions.

To take advantage of the opportunities, the publisher recommends the bifold doors companies to focus on technology development, focus on product innovations, focus on energy efficient bifold door system, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing application areas, focus on fast-growing end-users and focus on the urban population.