Premium high-security doors are a type of doors, designed to prevent unauthorized entry from intruders. It provides a much higher level of protection than a regular door. It also plays a pivotal role in determining social status as it gives the primary impression to the visitor. It provides enough tools like better framing and locks. It is used in government and commercial buildings, as well as in residential settings. In commercial buildings, people use premium high-security doors to keep their products safe from any intruders.
The key advantages are included strong construction, crime deterring design, thermal barrier, attractive scrollwork motif, two-way installation and two-way installation. Apart from this, few of the drawbacks are included high price tag, extra charge for prehung and no exterior molding.
According to the study, “Global Premium High-Security Door Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies separating in the global premium high-security door market are RB, Unique Home Designs, Dierre, Shield Security Doors, Hormann, SDC, Skydas, Teckentrup, PAN PAN, Menards, Wangjia, KINGS, Daili Group, Wangli, Buyang, Simto, Xingyueshen, Rayi, Feiyun, Mexin.
Based on type, premium high security door market is segmented into a solid wood security door, fence type security door and composite security door. Solid wood security door segment is estimated to exhibit substantial growth rate owing to its easy fitting, improved durability and lesser space consumption feature, during the forecast period. Based on material, the market is segmented into glass, gypsum, aluminum, steel, timber, vermiculate boards. Based on the application, the market is segmented into external and internal. In addition, based on verticals, the market is segmented into household use and commercial use. The commercial segment includes healthcare, hospitality, education, and others. The household segment dominates the market due to growth in social development along with subsidies available for housing construction and an increase in infrastructural spending.
The premium high-security door market is driven by growth in disposable income of consumers, followed by changes in living patterns, better lifestyle, increase in central & state government finances for infrastructure development projects, rise in security concern, and the decline in the construction material prices and an increase in public funding. However, growth in require ample maintenance and high raw material prices may impact the market. Moreover, growth in architectural designs of commercial buildings is a key opportunity for the market.
Based on geography, the North-American the region holds the major share in premium high-security door market owing to better investment opportunities, superior infrastructure, and rise in construction & building industries in the region. Whereas, the Asian-Pacific and European regions are anticipated to witness higher CAGR due to rise in disposable income, growth in population & IT infrastructure, increase in replacement of the aging infrastructure and growth in product innovation in order to attract new clients& keep existing consumers loyal to specific brands over the forecast period. In the near future, it is projected that the market will be reached at a prompt pace on account of growth in consumer spending in the renovation of existing residential& commercial building during the forecast period.
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Ankur Gupta, Head Marketing & Communications