Stratview Research has published a new report on the Pocket Door Market, segmented by Product (Single, Double, Unilateral), Material (Wood, Glass, Aluminium, Vinyl, Others), Application (Residential, Commercial and Industrial), and Region – COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Pocket Door market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2021-2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.
The Pocket Door Market is projected to grow from USD 8.1 billion in 2020 to USD 10.9 billion by 2026 at a CAGR of around 5.1% during the forecast period.
COVID-19 Impact on Pocket Door Market
Covid-19 outbreak impacted the growth of the pocket door market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product supply and demand for a short period.
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This report studies the Pocket Door Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
By application, the pocket door market has been bifurcated into residential and commercial & industrial. The residential segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing residential construction activities across geographies.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding the building and construction industry in developing countries particularly China and India. The market in North America is expected to be driven by increasing spending on renovation and remodeling of building coupled with the presence of key market players such as Raydoor (US) and Fleetwood (US).
Following are the key players in the Pocket Door Market:
- ECLISSE UK LTD (UK)
- Royde & Tucker (UK)
- JB Kind Doors (UK)
- LPD Doors (UK)
- Raydoor (US)
- Selo (UK)
- Slide Systems Inc. (India)
- FerreroLegno (Italy)
- Ghizzi & Benatti (Italy)
- Fleetwood (US).
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