London, 21 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Door Stop Market 2014-2018, which is expected to grow at a CAGR of 6.69 percent and 6.92 percent in terms of revenue and unit shipment, respectively, during the forecast period of 2013-2018.
Demand for door stops is increasing because of the growth in demand for houses and increased disposable income of the people. The rise in income has led to increase in demand for high-end home appliances to enhance the look of the house. In regions such as the APAC region and the ROW, countries such as India, China, and Africa are the highly populated countries with an average of two to three rooms per house. The demand for houses is likely to propel the demand for doors and thus will generate demand for door stops during the forecast period.
“Vendors are heavily investing in marketing activities in countries such as India, China, the US, and France where the housing market is booming, to generate demand for door stops,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors have their own dealers and distributors to widen their customer base and also to enhance customer satisfaction.”
Key Market Drivers
- Increase in Disposable Income of Consumers
- Growth in Construction Industry
- Increase in Repair, Renovation, and Remodeling
Key Market Trends
- Increase in Investment in Research and Development
- Growing Demand from APAC Region
- Focused Marketing Efforts by Retailers and Manufacturers
Key Market Vendors
- Graham Wood Doors
- Jeld-Wen Inc.
- Masonite International Corp.
- Pella Corp.
- VT Industries Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
