The garage door business is a profitable one that has been expanding consistently in recent years. IBISWorld’s market research analysis estimates that the US garage door market will be worth $4 billion by 2021. The survey also projects that over the next five years, the industry will expand at a 2.3% annual rate. This expansion is linked to rising home renovation initiatives as well as rising residential and commercial building.
A garage door opener must be installed, but how long does that process take? A garage door opener can typically be installed by a professional in 2-4 hours. The complexity of the installation, the kind of garage door opener, and the installer’s level of expertise could all affect how long it takes to complete. To guarantee that the job is completed professionally and securely, it is advised that you hire a professional installer.
At the moment, Clopay Building Products is the market leader in terms of the biggest garage door manufacturer. The company manufactures a variety of garage doors, including steel, wood, and aluminum doors, for both residential and commercial use. Overhead Door Corporation, Wayne Dalton, and Amarr Garage Doors are some more well-known businesses in the sector.
So how much does it cost to set up a garage door? The price to install a garage door varies according to the door’s size, composition, and style. A single garage door installation often costs $500 to $1,500, while a double garage door installation typically costs $1,000 to $3,000. Hardware, installation fees, and accessories like openers and remote controls are possible extra expenditures.
How many garage doors are sold annually, in conclusion? Although there is no precise figure, it is believed that the US sells millions of garage doors annually. Both residential and commercial garage doors are included in this total. It is anticipated that as more people invest in home repair and new construction projects, demand for garage doors will continue to rise.
In conclusion, the garage door market is a booming one with a global value of billions of dollars. In the upcoming years, it is anticipated that the industry would continue to expand due to the rise in construction and refurbishment projects. This industry offers a variety of career opportunities, from manufacture to installation, and it considerably boosts the economy.
The building and home renovation sectors are where garage doors are found.
A 16×7 garage door can range in price from $500 to $1500 or more depending on the material and other amenities, but on average. To acquire a precise cost, it is always recommended to request a quote from a reliable garage door business as pricing can vary based on the customer’s location and other criteria.