HOME Research Insight Allegion Plc (Ireland) and Masonite International Corporation (US) are the Major Players in the Doors Market

Allegion Plc (Ireland) and Masonite International Corporation (US) are the Major Players in the Doors Market

The global doors market is expanding and is projected to witness moderate growth over the next five years. Some of the major factors that drive the growth of this market are new investments in the construction industry owing to rapid urbanization & commercialization and the changing interior décor preferences of the population. The growing trend of sustainable construction techniques and investment in customization of doors are also influencing the growth of the doors market. The doors market is estimated at USD 81.67 Billion in 2017 and is projected to reach USD 103.52 Billion by 2022, at a CAGR of 4.86%.

The doors market is led by major players such as Masco Corporation (US), Assa Abloy (Sweden), Allegion Plc (Ireland), Dorma Kaba (Switzerland), and Masonite International Corporation (US). These players have adopted numerous growth strategies to increase their market share, enhance their product portfolio, and expand their market share. Mergers & acquisitions, new product launches, expansions & investments, and agreements & partnerships are some of the major strategies adopted by leading players operating in the doors market. The years 2014 and 2015 experienced a large number of mergers & acquisitions by top players in the market.

Mergers & acquisitions accounted for the largest share of all strategic developments in the doors market in 2016. Companies such as Masco Corporation, Assa Abloy, Allegion Plc, Masonite International Corporation, and Dorma Kaba adopted this strategy to strengthen their product portfolios, expand their geographic reach, and enhance growth prospects in the doors market.

Allegion Plc (Ireland) is a leading doors manufacturer. Strong global presence and adoption of growth strategies such as mergers & acquisitions and agreements & partnerships have ensured its leading position in the market. The company focuses on improving its customer value and expanding in emerging markets by establishing a market-driven product portfolio, upgrading supply chain capabilities, and expanding its presence through acquisitions. In 2017, Allegion Plc acquired Republic Doors & Frames, Inc. (US), a manufacturer of hollow metal doors and frames. This acquisition helped the company to expand its product offerings and improve its operating efficiency and distribution footprint.

Masonite International Corporation (US) is another key player in the doors market. It is a global designer and manufacturer of interior and exterior doors. In 2017, Masonite International Corporation acquired A&F Wood Products, Inc. (US), a wholesaler and fabricator of architectural and commercial wood doors mainly dealing in the US Midwest. This acquisition helped the company to boost its sales in the domestic market.  

Major market players have adopted diversified strategies for expansion in developed and emerging countries. The Asia Pacific region dominated the doors market in 2016. The increase in demand for doors can be largely attributed to the growing infrastructure and building & construction industries here.

Related Reports:

Doors Market by Material (Metal, Wood, Plastic, Glass, Composite), Mechanism (Swinging, Sliding, Folding, Overhead), Product Type (Interior, Exterior), Mode of Application (New Construction, Aftermarket), Application, and Region - Global Forecast to 2022

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