September 02, 2022 10:27 ET | Source: Facts & Factors Facts & Factors
DUBLIN, Ireland, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Fire Doors Market Size, Share, Growth Analysis Report By Material (Glass, Steel, Timber, Gypsum, Aluminum, Vermiculate Boards) By Product (Hinged, Double Action, Sliding, Fabric Fire Doors/Curtains, Flush Glazed), By Application (Residential, Commercial), By End Use (Internal, External), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Fire Doors Market size & share was valued at approximately USD 12.3 Billion in 2021. The market is expected to grow above a CAGR of 5.10% and is anticipated to reach over USD 16.6 Billion by 2028.”
The report analyses the Fire Doors market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Fire Doors market.
What are Fire Doors? How big is the Fire Doors Industry?
A fire door is a door that is fire-resistant and automatically closes to stop fire and smoke from spreading within the structure. Red paint is typically used to decorate fire doors. It has various parts, including a robust wood frame, fire alarms, fire-resistant glass, an intumescent seal around the door's edges, and devices at the doors that automatically close. When the heat level rises, the intumescent seal expands and fills the gaps between the door and the door frame.
The local authority requires the fire door components to comply with the fire code certifications and approvals (AHJ). Installing a fire door is not as crucial as fire safety. Different fire codes exist, including FD20 and FD30. These codes imply that the fire door has been evaluated to withstand the fire for 20 or 30 minutes, with FD30 being the most frequently utilized fire door.
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Key Insights from Primary Research
The main growth driver for the fire door market is the rise in building safety awareness, which helps to prevent or at least lessen property loss. The government's activities on fire safety and security have significantly contributed to the expansion of the market for fire doors. The need for fire doors in these buildings has increased as the number of commercial and residential structures outfitted with fire-resistant technology has increased. The market for fire doors has grown thanks to their use in both business and residential settings significantly. To provide safety during a fire outbreak, fire doors are built in various locations, including hospitals, schools & colleges, private residential buildings, shopping malls, businesses, and other commercial buildings.
Additionally, the market for fire doors is expected to increase significantly due to the emerging technological innovations regarding the safety and security inside structures. The expansion of the fire doors industry's size can be attributed to increasing investments in R&D activities, the entry of new players, product innovation, technological advancements, efficient resource allocation, and growing competition between business rivals to increase their regional as well as customer bases.
However, the market's expansion may be hampered by the expensive installation and maintenance costs. Contrarily, the building safety norms and government requirements regarding fire safety and security offer new prospects for the growth of the fire doors market.
Browse the full “Fire Doors Market Size, Share, Growth Analysis Report - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/fire-doors-market
Fire Doors Market: COVID-19 Impact Analysis
A temporary decrease in the demand for fire doors is anticipated as a result of the continuing epidemic caused by the coronavirus. A number of engineering and construction projects all over the world have been impacted as a result of the discontinuation of regular operations, as well as a lack of available employees, delays in production, and other related issues. The growing competitiveness among industry players is a crucial factor that contributes to the industry's low growth rates; this trend is being driven by the existence of a large number of regional and international companies.
The report contains qualitative and quantitative research on the global Fire Doors Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main players in the global Fire Doors market include:
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Fire Doors Market: Segmentation Analysis
The global fire doors market is segregated based on material, product, application, end-user, and region. Based on material, the market is segregated into the glass, steel, timber, gypsum, aluminum and vermiculate boards. In 2021, the glass segment dominated the global fire doors market. Based on the product, the market is segregated into the hinged, double action, sliding, fabric fire doors/curtains and flush glazed. In 2021, the hinged category dominated the global fire doors market.
Based on application, the market is divided into residential and commercial. In 2021, the residential segment dominated the global fire doors market. Based on end use, the market is segmented into internal and external. In 2021, the outer segment dominated the global fire doors market.
The global fire doors market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the global market for fire doors in 2021 because it is sought after by various end-use industries. The growing population, assisted by rising urbanization and modifications in domestic manufacturing activity, is one factor that propels the regional market's rise. The government's support of using fire doors and growing construction costs will increase industry demand.
Due to the high risk of fire fatalities in many American states, the need for fire prevention equipment has skyrocketed. Government and institutional actions to guarantee less human and property damage during fire incidents will also be driving factors in the regional demand. Low inflation and friendly environmental regulations will also help with product distribution.
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The global Fire Doors market is segmented as follows:
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