Going up: Low interest rates will likely encourage investment in construction activity
Garage Door Manufacturing
The Garage Door Manufacturing industry a few large national manufacturers and many smaller regional and local manufacturers; nonetheless, market share concentration is high. Over the five years to 2024, the four largest industry operators have controlled significant market share within the industry, these include Griffon Corporation, Assa Abloy AB, Raynor Manufacturing Company and Sanwa Holdings Corporation. These companies manufacture various types of garage doors including sectional, rolling, canopy and swing garage doors.
Mergers and acquisitions expand company market shares
· Sanwa entered the Garage Door Manufacturing industry with the acquisition of Overhead Door Corporation (ODC) in 1996. Recently, the company increased the breadth of its automatic door business over the past five years with the acquisition of Horton Automatics in December 2014. ODC currently offers residential steel-insulated doors, custom steel, custom wood, traditional steel and wood garage doors, in addition to building commercial garage doors.
Industry operators compete on quality and price · Although the market is dominated by well-established brand names, consumers are still price sensitive and may switch their preferences to lower-priced alternatives if large companies wish to pass on input price increases to consumers. A product’s perceived quality determines the price consumers are willing to pay for it. For residential buyers, brand awareness is low in this industry due to the low frequency in which garage doors are purchased.
The Garage Door Manufacturing industry includes operators that primarily manufacture garage doors. Manufacturers of garage door openers and installers of garage doors are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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324 pages •
By Asia Market Information & Development Company
• Mar 2021
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