Los Angeles, CA -- (SBWIRE) -- 10/08/2021 -- A report authored by QY Research digs deep into the growth potential and several other crucial aspects of the US wood interior doors market. Bearing the title "United States Wood Interior Doors Market Report 2019," the report mentions that the total sales in the US wood interior doors market is projected to grow at a CAGR of 2.9% during the forecast period 2019-2024. Furthermore, the market analysts expect the total sales in the US wood interior doors market to reach over 80.0 Mn units in 2024. In 2019, it reached over 70.0 Mn units.
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High Improvement in US Homebuilding to Strengthen Demand: While affordable housing is a major concern in the US, the government and state officials are taking initiatives to change the situation. Thus, with increase in homebuilding activities, the demand for wood interior doors is likely to improve in the US. Following are some important factors supporting the demand for wood interior doors in the US:
? Expansion of the US construction market
? High growth in US homebuilding
? Increase in home renovation activities
? High purchase power of consumers
? Strong economic growth leading to building and construction growth
Market Penetration of Hardwood Likely to Improve: The US wood interior doors market is segmented into softwood and hardwood on the basis of product. The authors of the report have also segmented the US wood interior doors market into commercial building and residential building based on application. Although softwood is mainly used for interior door applications, hardwood is gradually becoming a more common preference due to its certain advantages. Some types of hardwood are inexpensive and also have an attractive appearance. Mahogany and American black walnut could be among popular hardwood choices for custom interior doors in the US.
Growth in Single-family Housing Starts in the Midwest: Some US states have started to shift their focus away from single-family homebuilding. Having said that, single-family homebuilding still holds a remarkable share of the US housing market. Recently, the Midwest witnessed a rise in single-family housing starts. According to market experts, this could create a healthy demand for interior building products including wood interior doors in the Midwest. Furthermore, bargain-rate mortgages are expected to revive the Chicago housing market, which could benefit wood interior door manufacturers in the Midwest. Government focus on affordable housing is also anticipated to create opportunities for players in the Midwest wood interior doors market.
Wood Interior Door Companies to Prioritize Product Innovation: Some of the key manufacturers competing in the US wood interior doors market are Jeld-Wen, Arazzinni, Masonite, Woodgrain Doors, Steves Doors, Appalachian, Simpson Door, Stallion, Sun Mountain, Sierra Doors, TruStile Doors, and Lynden Doors. Product innovation and improved manufacturing could be at the top of the list of priorities of US wood interior door manufacturers for the next few years.
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