The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Garage And Overhead Doors Global Market Report 2024 offers crucial insights into the garage and overhead doors market help businesses analyse and build stronger strategies.

The garage and overhead doors market has experienced robust growth in recent years, with the market size expected to rise from $6.97 billion in 2023 to $7.38 billion in 2024, boasting a compound annual growth rate (CAGR) of 5.9%. This growth has been fueled by various factors including residential construction booms, renovation trends, and increased security concerns.

Anticipated Expansion

Looking ahead, the market is poised for further expansion, reaching $9.23 billion by 2028, with a CAGR of 5.8%. This growth will be driven by trends such as smart home integration, sustainability initiatives, and the rise of e-commerce and remote work.

Elevated Investments In Residential Infrastructure Propel Garage And Overhead Door Market Growth

Residential Infrastructure Investments

The surge in investment in residential infrastructure projects has emerged as a key driver for the garage and overhead door market. With increased spending on construction activities, the demand for durable and secure garage and overhead doors has risen significantly.

Market Advantages

Garage and overhead doors offer numerous advantages in residential construction, contributing to the customization and enhancement of construction projects. With rising spending on engineering and construction, the demand for high-quality doors is expected to escalate, driving market growth.

Market Players

Major companies such as Moxa Inc., Kongsberg Gruppen AS, and ABB Ltd. are at the forefront of meeting the escalating demand for garage and overhead doors. Their contributions to innovation and market expansion are pivotal in shaping industry dynamics.

Smart Garage Door Openers Transforming The Garage And Overhead Door Market

Innovative Solutions

Leading companies in the market are pioneering innovative solutions such as smart garage door openers to stay competitive. These solutions offer remote monitoring and control capabilities, enhancing convenience and security for users.

Product Launches

For instance, Wyze Labs Inc. launched the Wyze Garage Door Controller, which utilizes AI technology to provide remote monitoring and control capabilities. Such innovations cater to the evolving needs of consumers and drive market growth.

Strategic Acquisitions

Strategic acquisitions also play a significant role in shaping the market landscape. Nucor Corporation’s acquisition of C.H.I. Overhead Doors strengthens its product portfolio and market presence, enabling it to capitalize on emerging opportunities.

Market Segmentation and Regional Dynamics

Segmentation Overview

The garage and overhead doors market is segmented based on material, application, and end-users, allowing for a comprehensive analysis of market trends and consumer preferences.

Regional Insights

North America emerges as a dominant player in the market, with significant market share in 2023. The region’s robust construction industry and emphasis on security and safety contribute to its prominent position in the market.

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https://www.thebusinessresearchcompany.com/report/garage-and-overhead-doors-global-market-report

The Garage And Overhead Doors Global Market Report 2024  provides a comprehensive outlook of the garage and overhead doors market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The garage and overhead doors market forecast offers a thorough analysis on garage and overhead doors market size, garage and overhead doors market share, prominent players and their strategies.

The Table Of Content For The Garage And Overhead Doors Market Include:
1. Garage And Overhead Doors Market Executive Summary
2. Garage And Overhead Doors Market Segments
3. Garage And Overhead Doors Market Size And Garage And Overhead Doors Market Growth Rate
4. Key Garage And Overhead Doors Market Trends
5. Major Garage And Overhead Doors Market Drivers
……
25. Key Mergers And Acquisitions In The Garage And Overhead Doors Market
26. Top Garage And Overhead Doors Companies
27. Garage And Overhead Doors Market Opportunities And Strategies
28. Garage And Overhead Doors Market, Conclusions And Recommendations
29. Appendix

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