Commercial Overhead Doors Market Definition And Segments
Commercial overhead doors refer to large vertical doors that are commonly installed in industrial, commercial, and institutional buildings to give access for cars, products, and staff. These doors are intended to open vertically and are typically controlled manually or with the help of electric motors, pulleys, and tracks. These doors are utilized to provide efficient and secure entry, maximize space use, and improve operational efficiency.
The main types of commercial overhead doors include sectional doors, rolling doors, high-speed doors, and others. Sectional doors are a type of commercial overhead door that utilizes a space-efficient design, offering versatility, durability, and ease of operation, making them ideal for various commercial and industrial applications. These are distributed through several distribution channels, such as direct and indirect, for various applications, including garages, warehouses, and others.
The commercial overhead doors market covered in this report is segmented –
1) By Type: Sectional Doors, Rolling Doors, High Speed Doors, Other Types
2) By Distribution Channel: Direct, Indirect
3) By Application: Garage, Warehouse, Other Applications
The commercial overhead doors market size has grown strongly in recent years. It will grow from $2.76 billion in 2023 to $3.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to industrialization, urbanization, construction industry trends, demographic shifts, disaster recovery, and resilience.
The commercial overhead doors market size is expected to see strong growth in the next few years. It will grow to $4.36 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to sustainability initiatives, e-commerce expansion, regulatory changes, infrastructure investments, and industry-specific. Major trends in the forecast period include energy-efficient solutions, a focus on safety and security, customization and personalization, regulatory compliance and standards, and resilience against extreme weather events.
Commercial Construction Boom Fuels Growth In The Commercial Overhead Door Market
The growing demand for commercial construction is expected to propel the growth of the commercial overhead doors market going forward. Commercial construction is the process of designing, renovating, and constructing spaces for commercial, industrial, or business purposes. The demand for commercial construction is influenced by several factors, such as e-commerce expansion, infrastructure investments, and real estate investment. Commercial overhead doors allow for the efficient transportation of goods, materials, and equipment into and out of industrial and commercial facilities. These doors also prevent unauthorized entry, theft, and vandalism, protecting the safety of precious assets, inventories, and equipment held in commercial and industrial facilities. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, private commercial construction experienced a notable increase of $1850 million (£1,723 million) in 2022, representing a growth rate of 7.3% compared to the previous period. Therefore, the growing demand for commercial construction is driving the growth of the overhead doors market.
Major companies operating in the commercial overhead doors market are Assa Abloy AB, Janus International Group LLC, Wayne Dalton Corporation, Clopay Building Products Company Inc., Raynor Worldwide Inc., Amarr Garage Doors (Entrematic Group AB), Hormann Group, CornellCookson, C.H.I. Overhead Doors, Haas Door Company, Martin Door Manufacturing Ltd., Jamison Door Company, North Central Door Company, Richards-Wilcox Canada, Rite-Hite Holding Corporation, Midland Garage Door Manufacturing Company, Pioneer Door Inc., Rytec Corporation, PerforMax Global LLC, Michigan Commercial Door Group LLC, American Garage Door Supply Inc., Best Rolling Manufacturer Inc., Overhead Door Corporation
LED Lighting In Advanced Garage Door Openers Redefining The Commercial Overhead Door Market Standards
Major companies operating in the commercial overhead doors market are developing advanced products with the integration of innovative technologies, such as LED lighting, to gain a competitive edge in the market. Integrated LED lighting contributes to safety and security by illuminating the garage area, deterring potential intruders, and creating a more welcoming environment. For instance, in March 2023, Overhead Door Corporation, a US-based manufacturer of residential and commercial door solutions, launched the Models 2129L and 2129BL, the new Legacy 850 Garage Door Opener models with integrated LED lighting. These doors are designed to offer homeowners energy-efficient, aesthetically pleasing light and a maintenance-free operating experience. Models 2129L/BL also offer advanced home security and technology, including patented auto-seek dual frequency technology, self-diagnostic Safe-T-Beam System, CodeDodger Access Security System, and HomeLink and Car2U integration for added convenience.
Miner Corporation Acquires Bob's Overhead Door To Expand Commercial And Residential Door Services
In November 2023, The Miner Corporation, a US-based company specializing in commercial door repair, installation, and maintenance, acquired Bob's Overhead Door for an undisclosed amount. The acquisition aims to increase Miner's skills in offering high-quality commercial and residential door products, installation services, and 24-hour emergency response across Baltimore and the surrounding counties. Bob's Overhead Door Repair & Service Inc. is a US-based company that specializes in garage door installation, repair, and replacement, offering a wide range of garage door products, including commercial overhead doors.
North America was the largest region in the commercial overhead doors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial overhead doors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the commercial overhead doors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The commercial overhead doors market consists of sales of door tracks, springs, hinges, cables and cable drums, locks and handles, hardware accessories, security grilles, and shutters. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The commercial overhead doors market research report is one of a series of new reports from The Business Research Company that provides commercial overhead doors market statistics, including commercial overhead doors industry global market size, regional shares, competitors with a commercial overhead doors market share, detailed commercial overhead doors market segments, market trends and opportunities, and any further data you may need to thrive in the commercial overhead doors industry. This commercial overhead doors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.