Feb 14, 2021 (Market Insight Reports) — According to a new report published by Allied Market Research, titled, “Fire Rated Doors Market by Mechanism, Material, and EndUser: Opportunity Analysis and Industry Forecast, 2020-2027,” the global fire rated doors market size is expected to reach $60.1 billion in 2027 from $42.2 billion in 2019, growing at a CAGR of 6.1% from 2020 to 2027. The metal segment holds major global fire-rated doors market share in 2019, and is anticipated to continue this trend throughout the study period.

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Fire-rated doors possessfire-resistance capacity and are used to avoid the spread of fire. Fire-rated doors are used in residential and non-residential areas.They are mainly manufactured using wood, metal, or glass.

The swinging fire metal doors are highly durable, easy to access, and havea fire-resistance capacity of 20 minutes to 3 hours. In addition, an increase in residential and commercial construction activities is expected to boost the growth of the market. Furthermore, the commercial and industrial users aremajor consumers of interior and exterior fire-rated doors.High adoption of advanced technology along with huge construction spending among Europe and North America are expected to drive the growth of the fire-rated doors market. Moreover, increase in new building activities across the industrial and construction sector boosts the market growth.

Covid-19 Impact Analysis

The COVID-19 pandemic has forced many companies in the global fire rated doors market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This pause in operations directly impacts the revenue flow of the global fire rated doors market. In addition, there is a halt in production of fire rated doors due to shortage of raw materials. In addition, no new consignments are being received by the companies operating in this sector.

However, the demand for home automation products such as automatic doors, and others have increased in near term forecast to ensure less contact with the solid objects in the houses & commercial spaces. Hence, halt in construction activities and lockdowns for several months have affected the market of global fire rated doors, with slow recovery is anticipated during 2020-2027.

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Key Segments

The global fire-rated doors market is segmented into mechanism, material, enduser, and region. By mechanism, the market is categorized into swinging fire doors, sliding fire doors, folding fire doors, and others. Depending on material, it is segregated into wood, metal, glass, and others. On the basis of enduser, it is differentiated into residential and non-residential.

Geographic Review

The global fire-rated doors market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

The key market players profiled in the report include Agta Record Ltd, ASSA ABLOY Group, GEZE GmbH, Godrej & Boyce Manufacturing Company Limited, Griffon Corporation Inc., JELD-WEN Holding, Inc, Lindner Group KG, MANUSA GEST, S.L., Nabtesco Corporation, and Sanwa Holdings Corporation.

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Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global fire-rated doorsmarket trends and dynamics.
• In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive fire-rated doors market opportunity analysis of all the countries is also provided in the report.
• The global fire-rated doors market forecast analysis from 2020 to 2027 is included in the report.
• The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helpunderst and the competitive outlook of the industry.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.