Global Bifold Doors Market is valued approximately USD 12.55 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.24% over the forecast period 2022-2029. Bifold Doors refer to doors that are made from a series of panels hinged with each other and slide open. This Bifold doors can also be folded up against the wall. These doors are equipped with runners to facilitate smooth opening & closing of the door. Furthermore, bifold doors are available in different fold configuration such as two, three, four etc. The increasing expansion of construction sector worldwide and growing adoption of aesthetic doors as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista - during 2021, the total value of new residential construction put in place in the United States was estimated at USD 784.37 billion, and this amount is projected to grow to USD 1050.6 billion by 2026. In addition, as per Statista - during 2019, the Indian real estate industry was estimated at USD 166.28 billion, and as per projections the industry would reach to approximately USD 1000 billion by 2030. Also, rapid urbanization in emerging economies and increasing emergence of hotels and restaurants would create lucrative growth prospectus for the market over the forecast period. However, high cost associated with Bifold Doors coupled with complex installation & frequent maintenance requirement impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Bifold Doors Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players and growing residential construction sector in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rapid urbanization as well as rising commercial construction activities in the region.
Major market players included in this report are:
BiFolds BiDesign Ltd.
Chase Windows Co.
Euramax Solutions Limited
Nana Wall Systems, Inc.
Origin Frames Ltd.
The Bi-folding Door Company
Recent Developments in the Market:
In January 2019. Marvin completed acquisition of Delray Beach, Florida, USA based SIW Windows & Doors. Marvin also announced formation of a new business venture, named SIW Solutions, in partnership with current SIW Windows & Doors ownership. Further, with this acquisition The Marvin Companies would be the majority owner of the new SIW Solutions.
In April 2022, Brownhills, England based Pyramid Aluminium unveiled its new SlimFold bi-fold door. This new SlimFold bifold door facilitates 'easy clip-in beading', and a 45mm wide slimline sash. This new launch would strengthen Pyramid Aluminium's Bifold door portfolio.
Global Bifold Doors Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Application, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End User
Rest of the World