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Japan Garage Door Market: Segmented: By Type(Aluminum Door, Steel Door, Wood Door and Others); By Commercial Type(Repair & Reconstruction and New Commercial); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Japan Garage Door Market to surpass USD 630.6 million by 2030, which is valued at 384.37 million in 2019 at a compound annual growth rate of 4.60%
The garage door is a wide garage door that can be operated manually or electrically. It is designed to facilitate cars to enter, therefore garage doors are usually large. Small doors can be built in one section, larger doors are typically made in many joined sections, and used in commercial or industrial garages. Rather than sliding or swinging, garage doors usually rise or roll up to save up space. Furthermore, the operating mechanism is loaded or counterbalanced to compensate for the weight of the door and reduce the opening and closing effort necessary. The doors are made of wood, metal, or fiberglass and can be designed to prevent heat loss.
According to the report, there is a range of promising trends in the sector, including healthy growth in the production of new single-family home activities and expenditures on the house construction, strong increases in business building and renovation costs; and continuous expenditure to upgrade garages and open doors with new models that give better efficiency and/or aesthetic value.
Japan Garage Door Market is segmented by type into the Aluminum doors, steel doors, wood doors, and others. Aluminum accounted for the maximum share as people prefer to use this segment due to its durability and properties such as being corrosion-free, free from rusting, and higher strength when compared to other materials. Moreover, key players offer multiple and vibrant designs in the aluminum door which are not available in other designs. Aluminum doors are manufactured using a high-speed springless design which makes opening and closing faster in this design. This considerably reduces the maintenance cost and boosts the product’s life
Japan Garage Door market is segmented by Commercial type: Repair & reconstruction and new commercial main growth factors for segment expansion will be increased disposable income along with growing manufacturers focusing on new residential buildings. Increasing customer demand is likely to improve the Japan Garage Door market share and customization in particular for the new building industry. Also, the design changes and the replacement of old models with the new improved designed fronts would likely increase the size of the segment during the forecasted period.
Rising in on-road cars
Increased numbers of on-road vehicles in the automotive sector have led to a greater demand for garage doors. Nearly all Japanese homes today have a car that at the same time generates a tremendous need for garages and garage doors. With the increase in automation, manufacturers concentrate on garage doors that open vertically along the ceiling to provide room for the car. They are sufficiently large to accommodate cars and are made of stainless steel and aluminum.
Protection from harsh weather conditions
The increasing traffic in vehicles resulted in the introduction of residential and commercial institutions with parking facilities, which is the main reason that the market has strengthened. Because most households have a garage in the home, which includes a garage door, that can safeguard their objects, improve storage, and provide additional protection in adverse weather conditions. If the housing space is fewer garage doors can be turned and separated into a comfortable and enjoyable location. The cost of cooling and heating may also be reduced as insulation keeps the air indoors and cold air out in the summer and helps save energy.
High production cost
In the coming years, market growth will slow down due to the problems associated with the high price of raw materials. The raw material suppliers' poor productivity and the high cost of production contribute to higher commodity prices. These factors can hinder market demand for garage doors.
Based on region the Japan Garage Door Market is segmented into Eastern Japan, Northern Japan, Western Japan, and Southern Japan. The regional growth is anticipated owing to increasing urbanization and rising disposable consumer’s income in Japan. Rising national construction programs will boost demand for the commodity in the coming years. Japan would see significant industry growth as a result of rapid industrialization and increasing middle-class income. The government's funding for smart urban projects is projected to improve the nation’s construction industry, which will further increase consumer demand over time. The region segment can be further divided into five major types including Eastern Japan, Northern Japan, Western Japan, and Southern Japan.
The focus of the markets is on growing their share through mergers and acquisitions. To broaden their market range by creating cost effectively-efficient products with improved properties, industry leaders concentrate on research and development activities. Therefore, manufacturers plan to increase their production capacity to meet the growing demand for goods. The key players are spread across the globe and prefer to carry out their activities through joint ventures.
Sanwa Holdings Group announced in 2018 that it purchased Lixil Suzuki Shutter Company, which comprises Hong Kong and Macau subsidiaries. The firm blends its dominance in global markets with the consumer base of LIXIL SUZUKI in the Japanese market to the synergies in business areas through the acquisition. They are also attempting to develop a stronger marketplace to boost their presence in Japan and combat competition by concentrating on increasing their share of core goods.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Japan Garage Door Markett size was estimated at USD 384.37 million in 2019 and is expected to reach USD 630.6 million by 2030
AOYAMA Shenzhen Yaoertai Tech Guangzhou Apex Building Material Co., Limited Zhejiang Tofine Commercial & Trade Co., Ltd. Guangzhou Qixiang Industry Co., Ltd. Shenzhen Hongfa Automatic Door Co., Ltd. TOYO shutters
New commercial accounted is anticipated to hold the Japan Garage Door Market
Drivers Rising in on-road cars
The garage door is a wide garage door that can be operated manually or electrically. It is designed to facilitate cars to enter, therefore garage doors are usually large. Small doors can be built in one section, larger doors are typically made in many joined sections, and used in commercial or industrial garages.
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