The global barn door hardware market was valued at US$ 1,680.2 million in 2018, according to Barn Door Hardware Market Report, by Product Type (Flat Track Hardware, Frameless Hardware, Curved Track Hardware, Box Rail Hardware and Others), by Application (Commercial and Residential) and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.
The global barn door hardware market is expected to reach US$ 2,272.1 million by 2027, exhibiting a CAGR of 3.5% over the forecast period.
A barn door offers advantages such as space reduction, convenience, and light weight which makes it easier to install. These doors are widely installed by architects in homes, office spaces, and healthcare facilities as they occupy less space. Moreover, these doors are helpful in hospitals and other medical facilities owing to their light weight, which makes it easier for patients and children to handle the doors. Conventional doors require some force while closing and opening, thereby, making it difficult to handle. Thus, the aforementioned advantages offered by barn doors are driving growth of the barn door hardware market, globally.
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Browse 44 market data tables* and 82 figures* on "Barn Door Hardware Market” - Global forecast to 2027.
Key Trends and Analysis of the Barn Door Hardware Market:
Rapid urbanization has led to increased construction and infrastructure activities across the globe. According to United Nations' World Urbanization Prospects 2018, 55% of the world’s population in 2018 lived in urban areas, which is expected to increase to 68% in 2050. Increasing global population could add another 2.5 billion people to urban areas by 2050, and Asia Pacific is expected to account for around 70% of this increase.
However, availability of alternatives to barn doors such as pocket doors, folding screens, and normal doors is hindering growth of the barn door hardware market.
Key Takeaways of the Market: