Wooden Interior Door Market Size, Trends, and Analysis by 2031
The wooden interior doors market size is projected to reach US$ 24.89 billion by 2031 from US$ 16.24 billion in 2023. The market is expected to register a CAGR of 5.48% in 2023–2031. As per the Global Construction 2030, it is estimated that the volume of construction output will increase by 85% to US$ 15.5 trillion by 2030 worldwide. The US, China, and India are projected to lead the path and account for more than half of the share of all global growth. Moreover, investment to renovate old buildings and structures and an increasing inclination toward a greener future are boosting the scope of green buildings, which is further nurturing the construction sector.
Wooden Interior Doors Market Analysis
In the era of growing urbanization, the construction sector is flourishing at a massive rate. With rising construction projects, the demand for related components, including furnishing products such as interior doors, is also booming. Therefore, to keep up with the pace of growing urbanization without leaving any harmful impact on the environment, sustainable forestry is being implemented. Sustainable forestry focuses on saving natural forests by implementing afforestation and reforestation, as well as using reduced-impact logging techniques.
Wooden Interior Doors Market Overview
It has been estimated that housing will continue, and therefore, finding a suitable solution is a must to fulfill the demand of the urbanized population. It is predicted that 3 billion people (nearly 40% of the world population) will require new housing facilities by 2030, which translates into a demand for approximately 300 million new dwellings. Thus, the above-mentioned growing demand for housing, coupled with the need for a safe environment, is propelling the concept of sustainable forestry. This aspect will have a positive impact on the wooden interior doors market growth.
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Wooden Interior Doors Market: Strategic Insights
Market Size Value in US$ 15,459.82 Million in 2022 Market Size Value by US$ 21,477.53 Million by 2028 Growth rate CAGR of 5.6% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Wooden Interior Doors Market: Strategic Insights
| Market Size Value in | US$ 15,459.82 Million in 2022 |
| Market Size Value by | US$ 21,477.53 Million by 2028 |
| Growth rate | CAGR of 5.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Wooden Interior Doors Market Drivers and Opportunities
Massive Increase in Construction Projects Strengthens the Market Growth
With the increasing urban population, the need for high-rise buildings has increased considerably in urban areas. As per the Council on Tall Buildings and Urban Habitat (CTBUH), 1,480 skyscrapers with heights more than 200 m have been built in the last two decades in the US. The number also includes 40 residential skyscrapers constructed in recent past years. The surge in construction work across residential, commercial, and several industries owing to growing urbanization is driving growth of interior doors. Government bodies are putting additional focus on strengthening the construction and infrastructural development, which is further enduring the demand for interior doors.
Adoption of MDF for Manufacturing Interior Doors
MDF is an engineered wooden product generally made from recycled wood fibers. MDF is becoming the most commonly used interior door material due to durability and affordability. Moreover, the MDF interior doors are denser than plywood and particle board, which is another factor attracting both residential and commercial. Apart from the aforementioned features, extremely smooth edges and no requirement of laminates make MDF different from particle board and other wooden materials. Therefore, the popularity of MDF is witnessing an upward trend, which is expected to provide lucrative business opportunities for wooden interior door manufacturers.
Wooden Interior Doors Market Report Segmentation Analysis
Key segments that contributed to the derivation of the wooden interior doors market analysis are type, mechanism, and end-user.
- Based on the method, the market is divided into panel door, bypass door, bifold door, pocket door, and others. The panel door segment held a larger market share in 2023.
- Based on mechanism, the global wooden interior doors market is divided into below swinging, sliding, folding, and others. The swinging segment held a larger market share in 2023.
- Depending on the end-user, the global market is divided into residential, non-residential. The residential segment held a larger market share in 2023.
Wooden Interior Doors Market Share Analysis by Geography
The scope of the wooden interior doors market report encompasses North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In terms of revenue, APAC dominated the wooden interior doors market share in 2023. Europe is the second-largest contributor to the global wooden interior doors market, followed by North America. In the global market landcape, China was among the largest MDF consumer in 2022, holding more than 50% of the total market volume. Additionally, China surpassed the US in terms of MDF consumption. Belarus, Turkey, and Poland are other prominent markets known for having highest levels of MDF per capita consumption. Such a high consumption trend in these countries is anticipated to propel the scope of MDF for manufacturing home furnishings including interior doors.
Wooden Interior Doors Market Report Scope
Wooden Interior Doors Market News and Recent Developments
The wooden interior doors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for wooden interior doors market and strategies:
- In February 2022, Simpson Redi-Prime, one of the most recognized brands for exceptionally crafted painted interior doors, has extended its product line to include Clipped Corner Doors for unique spaces within a home. As many continue to make renovations to accommodate the ever-evolving functions of a home, the top corner of a Redi-Prime Clipped Corner Door ships pre-cut at an angle for a custom fit. The result is a purpose-built design solution for any application that cannot accommodate a standard, square-topped interior door. (Source: Simpson Door Company, Press Release/Company Website/Newsletter)
Wooden Interior Doors Market Report Coverage and Deliverables
The “Wooden Interior Doors Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Mechanism, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Belarus, Canada, China, France, Germany, India, Italy, Japan, Kazakhstan, Mexico, Russian Federation, South Korea, United Kingdom, United States, Uzbekistan
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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