Construction Drives Interior Door Demand

The global interior doors industry generated $55.7 billion in 2020 and is expected to reach $93.1 billion by 2030, witnessing a compound annual growth rate (CAGR) of 4.9 per cent from 2021 to 2030, says a report from Allied Market Research. The boom in the construction sector in developing and developed countries with rapid urbanization and rise in home remodeling projects have been the primary driver behind the growth of the market while technological advancements in fibreglass and other materials present opportunities in the coming years. High installation cost continues to restrain market growth. Demand for interior doors reduced considerably due to the pandemic, with manufacturing and construction activities partially or completely stopped, worker availability reduced, and the supply chain disrupted. Demand is expected to rise steadily as these issues resolve. Based on door type, the panel segment held the highest market share in 2020, contributing to more than half of the global interior doors market. It is expected to maintain its lead position during the forecast period due to cost effectiveness and high durability. The pocket door segment is estimated to manifest the largest CAGR of 5.5 per cent during the forecast period, owing to rise in requirement for saving space.