Dublin--(BUSINESS WIRE)--"North American metal barn door market size, share and trends by price range (under 500 USD, 501-1,000 USD), by end user (residential, commercial), and by product Analysis report, and Segment Forecasts, 2021-2028" report have been added to ResearchAndMarkets.com products.
It is estimated that by 2028, the North American metal barn door market will reach 340.1 million U.S. dollars, with a compound annual growth rate of 3.5%
Due to the high product demand for interior decoration and the improvement of privacy, the US market has been growing rapidly in the past few years. Barn doors are used in residential and commercial spaces. The most popular product in the United States is the sliding barn door.
Due to the economic prices of these products, many consumers prefer wood as the barn doors for residential spaces. Metal barn doors are popular in commercial applications due to their luxurious and elegant finishes. Many offices and educational institutions prefer sliding barn doors because they do not take up much space.
Residential consumers generally prefer simple, classic and traditional barn doors, while for industrial use, barn doors made of raw steel are suitable for their sturdiness and reliability. Metal doors made of stainless steel or raw steel are expensive, costing up to $2,000.
Although aluminum-based doors are less expensive than steel or copper doors, they are less robust and require more maintenance. In 2020, 82% of North America’s population will live in cities; this has given birth to small homes and space-saving solutions. For this situation, sliding barn doors are an excellent choice to save space. According to Fixr, consumers prefer to buy easy-to-install DIY barn doors because the cost of installing barn doors through external labor or any hired assistance can be as high as $100 to $300.
In addition, product installation and operation, as well as door robustness, quality, price and brand reputation are the main factors consumers consider when choosing a barn door. Although barn doors are mainly used in bedrooms, kitchens and living rooms, they are widely used in applications such as offices, bathrooms and laundry rooms.
Consumers prefer stainless steel barn doors because they not only have a luxurious or modern appearance, but are also durable and require less maintenance than any other material. Metal barn doors are popular in industrial settings because of their rustic appearance and modern style.
The COVID-19 pandemic has had a significant impact on the entire manufacturing industry in North America, and the construction industry is no exception. Due to the pandemic, the construction industry is one of the worst-hit industries.
Strict regulation across the country hinders construction activities, which has caused serious damage to the residential construction industry. The rising unemployment rate has greatly restricted personal spending, thereby further reducing the demand for new homes in the first and second quarters of 2020.
The main reason for the interruption was the paralysis of the supply chain and the lockdown of the main raw material purchasing countries. According to the 1993 Purchase of American Goods Act, manufactured goods in the United States must be made from 51% of the country's raw materials.
However, the construction industry is heavily dependent on the supply of foreign raw materials, such as China and India. Blockades in these countries have increased procurement challenges, leading to price increases and the stagnation of the North American construction industry. Overall, new construction projects after the second quarter of 2020 have stagnated and the pace of construction activity has slowed, resulting in a decline in the demand for metal barn doors.
Highlights of the North American Metal Barn Door Market Report
Chapter 3 North American Metal Barn Door Market Variables, Trends and Scope
Chapter 5 North American Metal Barn Door Market: Product Estimation and Trend Analysis
Chapter 6 North American Metal Barn Door Market: Price Range Estimates and Trend Analysis
Chapter 7 North American Metal Barn Door Market: End User Estimates and Trend Analysis
Chapter 8 North American Metal Barn Door Market: Metal Modular Kits Without Metal Panel Price Range Estimates and Trend Analysis
Chapter 9 North American Metal Barn Door Market: Regional Estimation and Trend Analysis
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900