$5.4bn
$XXX.Xm
14,121
230
$XXX.Xm
Garage door manufacturers are a vital component of both commercial and residential construction, providing an easily overlooked but essential element in any property that seeks to include attractive parking. This industry has endured drastic swings recently because of the pandemic. Lockdown orders for nonessential businesses kept workers at home, bringing production to a standstill while downstream demand buckled under the overpowering economic uncertainty. Commodity prices fell off as demand shriveled but quickly rose as a resurging economy demanded more than could be supplied, making managing input costs all the more complex and pressuring profit. Industry revenue has dropped at a CAGR of 0.3% to $5.4 billion through the end of 2024, including an expected hike of 2.2% in 2024 alone.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $5.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Griffon Corporation | 1,070.3 | 49.3 | 4.6 | |
The Assa Abloy Group | 719.5 | 82.6 | 11.5 | |
Raynor Door Sales Co. Inc. | 262.0 | 17.3 | 6.6 |
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Industry revenue is measured across several distinct product and services lines, including Sectional garage doors, Rolling garage doors and Canopy garage door . Sectional garage doors is the largest segment of the Garage Door Manufacturing in the US.
Sectional garage doors continue to be the number one option
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.
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NAICS 33232 - Garage Door Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Commercial and residential construction balance to support this industry. The improving economy will bring back commercial construction, driving growth as the residential con...
Learn about an industry's products and services, markets and trends in international trade.
Commercial construction drives the most revenue. Large contracts with big companies, namely manufacturers with extensive facilities and high output, prove lucrative for garag...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
A high population concentration attracts garage door manufacturers. The more people in a region, the more commercial and residential projects available.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Differentiation is minimal. The large manufacturers are usually able to come out on top because they can afford to provide superior prices, large quantities and a wide variet...
Learn about the performance of the top companies in the industry.
Consolidation continues as the dominant manufacturers expand. Large contracts with upstream suppliers and downstream commercial customers will boost this moving forward.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The value of commercial construction dictates growth. Although the industry can survive from demand from the residential and maintenance markets, the most significant portion...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit holds steady as different markets maintain demand. Low commodity prices were advantageous when the industry was heavily reliant on the less lucrative residential const...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Garage Door Manufacturing in the US industry in United States is $5.4bn in 2024.
There are 230 businesses in the Garage Door Manufacturing in the US industry in United States, which has declined at a CAGR of 1.3 % between 2019 and 2024.
The market size of the Garage Door Manufacturing in the US industry in United States has been declining at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Garage Door Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Garage Door Manufacturing market in United States are Griffon Corporation, The Assa Abloy Group and Raynor Door Sales Co. Inc.
Sectional garage doors and Rolling garage doors are part of the Garage Door Manufacturing in the US industry.
The company holding the most market share in United States is Griffon Corporation.
The level of competition is moderate and steady in the Garage Door Manufacturing in the US industry in United States.