Product ID: UCMIG20B2055
Report ID:
UCMIG20B2055 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Fire Door Market, exceeding a valuation of USD 14 billion in 2022, is anticipated to sustain a robust compound annual growth rate (CAGR) of 5.5% from 2023 to 2032. This growth trajectory is driven by the burgeoning demand stemming from the surge in residential and commercial construction projects. With infrastructure development and refurbishment projects on the rise, the production of fire-resistant doors is poised for commendable growth. As safety regulations and fire prevention measures become paramount in the construction industry, the fire door market is positioned to flourish, catering to the essential need for reliable and effective fire protection solutions. The evolving landscape of construction practices and the focus on building safety underline the significance of fire doors, leading to substantial industry expansion in the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Building Products by segment aggregation, the contribution of the Building Products in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20B2055