According to the latest report by Global Market Insights Inc., the global fire door market was valued at $13.2 billion in 2024 and is expected to grow to $19.7 billion by 2034, with a compound annual growth rate (CAGR) of 4.2%.
The growth is driven by several key factors:
• Stricter Building Safety Regulations: Governments around the world have been tightening building fire safety standards, which has increased the demand for fire doors.
• Green Building Trends: The increasing demand for eco-friendly and energy-efficient building materials has boosted the fire door market.
• Technological Innovation: The emergence of smart fire door systems has further spurred demand for high-performance products.
In terms of materials, wooden fire doors held a 33.53% market share in 2024, and this segment is expected to continue growing. (Source)
Fire Door Industry Development Trends
According to Qianzhan Industry Research Institute, the global fire door industry is showing the following development trends:
• Technological Innovation Driving High-Quality Development: Companies are increasing their investment in research and development to introduce innovative products that meet market needs.
• Regulations and Policies Driving Industry Standardization: Increased building fire safety regulations in various countries are pushing the industry towards more standardized development.
• Intense Market Competition: Leading international brands such as ASSA ABLOY and HORMANN hold a significant market share globally.
These insights provide valuable information about the global fire door industry’s latest trends and development.
www.zhfiredoor.com
ZHUOHONG
+ There are no comments
Add yours