Garage & Overhead Doors

Positive Building Construction Trends to Drive Market Gains

The market will benefit from a number of positive trends, including healthy growth in new single-family housing construction activity and home improvement spending; solid gains in commercial building construction and renovation expenditures; and ongoing spending to update garage and overhead doors with newer models that offer improved performance and/or aesthetic advantages.

Key Findings in the Garage & Overhead Doors Study:

Homeowners Increasingly Seek Garage Doors with More Glass and Insulation

Garage door manufacturers are expanding their product offerings to include doors with more windows and window options, such as new designs and colors and larger glazed panels. Suppliers are responding to homeowners’ growing interest in garage doors that impart contemporary aesthetics while enhancing interior daylighting.

Other value-added features supporting market growth in dollar terms include enhanced durability, wind load resistance, and insulation. Many homeowners are upgrading to more energy-efficient insulated garage doors that can help lower utility bills. The growing trend of using garages as alternative exercise, storage, workshop, or office spaces has also boosted demand for doors that offer better temperature and sound insulation.

Growth Opportunities for Overhead Doors with Enhanced Durability and Fast Opening Speeds

Competitors in the commercial overhead door market are encouraging building owners to invest in doors that feature enhanced durability, security, and thermal insulation. Suppliers are also expanding overhead door style options, such as the aluminum-frame models with glass panels that see strong demand in eating and drinking establishments.

A small, but growing, segment of the overhead door market consists of industrial fabric and rubber doors that open and close at rapid speeds. The springless designs of these high-speed doors also reduce maintenance requirements and improve product lifespan.

Leading Suppliers Continue to Acquire Small and Mid-Sized Competitors

While acquisition activity in the garage and overhead door industry has slowed from the period of consolidation that immediately followed the 2007-2009 economic recession, the largest suppliers continue to acquire small and mid-sized firms to extend their product offerings and geographic reach. Among the most important acquisitions of 2018 was Griffon’s purchase of CornellCookson – a major supplier of rolling service and high-performance overhead doors.

Study Coverage

This industry study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by product (garage doors, overhead doors), market (new, replacement), material (steel, aluminum, wood, plastic), housing type (single-family, multifamily, manufactured), and building type (office, retail, & lodging; industrial; institutional). The study also evaluates company market share and analyzes industry participants including ASSA ABLOY, CHI Overhead Doors, Clopay Building Products, Hörmann, Overhead Door, and Raynor Garage Doors.

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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Scope

Current Market Size & Key Historical Trends

Materials Comparison

Pricing Trends

Standards & Regulatory Considerations

Options & Features

Design Options & Special Features for Garage & Overhead Doors

Automation & Smart Device Compatibility

Security, Strength, & Wind Resistance

Insulation

Style & Aesthetics

GROWTH OUTLOOK

Key Findings

Demand Forecast by Product

Residential Garage Doors

Residential Garage Doors: Sales Outlook for New & Replacement Doors

Residential Garage Doors: Demand Forecast by Material

Residential Garage Doors: Demand Forecast by Housing Type

Housing Markets for Garage Doors

Single-Family

Multifamily

Manufactured Housing

Residential Garage Doors: Market Share

Commercial Overhead Doors

Commercial Overhead Doors: Sales Outlook for New & Replacement Doors

Commercial Overhead Doors: Demand Forecast by Material

Commercial Overhead Doors: Demand Forecast by Building Type

Commercial Building Markets for Overhead Doors

Office, Retail, & Lodging

Industrial

Institutional

Other Commercial Buildings

Commercial Overhead Doors: Market Share

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

Acquisition & Divestiture Activity

Product Development

Manufacturing

Marketing

Distribution

List of Industry Participants

APPENDIX

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Consumer Spending

Residential Building Construction

Residential Improvements & Repairs

Commercial Building Construction

Commercial Building Improvements & Repairs

Housing Starts

Housing Stock

Commercial Building Stock

List of Tables

OVERVIEW

Table 2-1 | Comparison of Residential Garage Door Materials

GROWTH OUTLOOK

Table 3-1 | Residential Garage & Commercial Overhead Door Demand by Product, 2007 - 2022 (million dollars)

Table 3-2 | Residential Garage Door Demand by Market, 2007 - 2022 (million dollars)

Table 3-3 | Residential Garage Door Demand by Material, 2007 - 2022 (million dollars)

Table 3-4 | Residential Garage Door Demand by Housing Type, 2007 - 2022 (million dollars)

Table 3-5 | Commercial Overhead Door Demand by Market, 2007 - 2022 (million dollars)

Table 3-6 | Commercial Overhead Door Demand by Material, 2007 - 2022 (million dollars)

Table 3-7 | Commercial Overhead Door Demand by Building Type, 2007 - 2022 (million dollars)

INDUSTRY STRUCTURE

Table 4-1 | US Garage & Overhead Door Sales by Company, 2017 (million dollars)

Table 4-2 | Selected Acquisitions & Divestitures

Table 4-3 | Selected Garage & Overhead Door Product Launches

Table 4-4 | Selected Marketing Strategies in the Garage & Overhead Door Industry

APPENDIX

Table 5-1 | Relevant Industry Codes

Table 5-2 | Relevant Trade Codes

Table 5-3 | Abbreviations & Acronyms Used in Study

Table 5-4 | Macroeconomic Indicators, 2007 - 2022 (billion 2009 dollars)

Table 5-5 | Population & Households, 2007 - 2022 (million persons)

Table 5-6 | Personal Consumption Expenditures, 2007 - 2022 (billion dollars)

Table 5-7 | Residential Building Construction Expenditures, 2007 - 2022 (billion dollars)

Table 5-8 | Residential Improvement & Repair Expenditures, 2007 - 2022 (billion dollars)

Table 5-9 | Commercial Building Construction Expenditures, 2007 - 2022 (billion dollars)

Table 5-10 | Commercial Building Improvement & Repair Expenditures, 2007 - 2022 (billion dollars)

Table 5-11 | New Housing Indicators, 2007 - 2022 (thousand units)

Table 5-12 | Housing Stock by Type, 2007 - 2022 (million units)

Table 5-13 | Commercial Building Stock by Type, 2007 - 2022 (billion 2009 dollars)

List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | US Garage & Overhead Door Market Key Trends

OVERVIEW

Figure 2-1 | Garage & Overhead Door Market Overview

Figure 2-2 | Study Scope: Residential Garage Doors & Commercial Overhead Doors

Figure 2-3 | US Residential Garage & Commercial Overhead Door Demand, 2000 - 2017 (million dollars)

Figure 2-4 | Residential Garage Door Material Price Comparison, 2012 - 2022 (dollars per unit)

Figure 2-5 | Garage & Overhead Door Price Trends & Forecast, 2002 - 2022 (% CAGR)

Figure 2-6 | Survey Results: Important Garage Door Purchasing Factors (percent of respondents)

Figure 2-7 | Key Residential Garage Door Design Trends

GROWTH OUTLOOK

Figure 3-1 | Outlook for Garage & Overhead Doors Market

Figure 3-2 | Residential Garage & Commercial Overhead Door Demand: Annual Growth by Product, 2001 - 2022 (percent annual change)

Figure 3-3 | Survey Results: Garage Doors & Curb Appeal (percent of respondents)

Figure 3-4 | Residential Garage Door Sales Growth by Market, 2007 - 2022 (million dollars)

Figure 3-5 | Residential Garage Doors: Annual Demand Growth by Material, 2007 - 2022 (% CAGR)

Figure 3-6 | Survey Results: Garage Door Size & Importance of Proper Maintenance

Figure 3-7 | Single-Family Housing Garage Door Demand, 2000 - 2022

Figure 3-8 | Multifamily Housing Garage Door Demand, 2000 - 2022

Figure 3-9 | Manufactured Housing Garage Door Demand, 2000 - 2022

Figure 3-10 | Residential Garage Door Market Share by Company, 2017 (billion dollars)

Figure 3-11 | Commercial Overhead Door Sales Growth by Market, 2007 - 2022 (million dollars)

Figure 3-12 | Commercial Overhead Doors: Average Annual Demand Growth by Material, 2007 - 2022 (% CAGR)

Figure 3-13 | Commercial Overhead Door Demand by Building Type, 2000 - 2022 (million dollars)

Figure 3-14 | Commercial Overhead Door Market Share by Company, 2017 (billion dollars)

INDUSTRY STRUCTURE

Figure 4-1 | US Garage & Overhead Door Market Share by Company, 2017 (billion dollars)

Figure 4-2 | Leading Garage & Overhead Door Supplier, 2017

Figure 4-3 | Second Leading Garage & Overhead Door Supplier, 2017

Figure 4-4 | Third Leading Garage & Overhead Door Supplier, 2017

Figure 4-5 | Fourth Leading Garage & Overhead Door Supplier, 2017

Figure 4-6 | Fifth Leading Garage & Overhead Door Supplier, 2017

Figure 4-7 | Sixth Leading Garage & Overhead Door Supplier, 2017

Figure 4-8 | Residential Garage Door Sales by Distribution Channel, 2017 (billion dollars)

APPENDIX

Figure 5-1 | Annual Growth in Real GDP, 2000 - 2017, Compared to 1980 - 2005 Average (percent)

Figure 5-2 | Annual Population Growth, 2002 - 2017 (percent)

Figure 5-3 | Housing Stock Share by Year of Construction, 2017 (million units)

Garage & Overhead Doors

Positive Building Construction Trends to Drive Market Gains

Key Findings in the Garage & Overhead Doors Study:

Homeowners Increasingly Seek Garage Doors with More Glass and Insulation

Growth Opportunities for Overhead Doors with Enhanced Durability and Fast Opening Speeds

Leading Suppliers Continue to Acquire Small and Mid-Sized Competitors

Purchase Garage & Overhead Doors by the Section