Key Highlights
- The global garage door market size was valued at approximately $13.4 billion in 2022
- The North American garage door market accounts for nearly 57% of the global industry revenue
- Over 90% of residential garages in the U.S. are equipped with automatic doors
- The average lifespan of a garage door is approximately 15-30 years with proper maintenance
- The garage door opener market is projected to grow at a CAGR of 4.8% from 2023 to 2030
- Approximately 30 million garage doors are installed in the U.S. annually
- The DIY segment constitutes roughly 60% of the garage door repair market
- The most common garage door size in the U.S. is 7 feet wide by 7 feet high
- Steel remains the most popular material for new garage doors, accounting for over 70% of the market share
- The average cost of a new garage door in the U.S. ranges between $800 and $2,500
- The global demand for smart garage door openers is expected to increase at a CAGR of 7.5% from 2023 to 2030
Did you know the garage door industry is a $13.4 billion global powerhouse, with over half of its revenue generated in North America and rising trends in smart technology and DIY repairs transforming the market?
Consumer Behavior and Market Segments
- The DIY segment constitutes roughly 60% of the garage door repair market
Consumer Behavior and Market Segments Interpretation
Market Penetration
- Over 90% of residential garages in the U.S. are equipped with automatic doors
Market Penetration Interpretation
Market Projections and Technological Trends
- The garage door opener market is projected to grow at a CAGR of 4.8% from 2023 to 2030
- The global demand for smart garage door openers is expected to increase at a CAGR of 7.5% from 2023 to 2030
Market Projections and Technological Trends Interpretation
Market Size and Regional Insights
- The global garage door market size was valued at approximately $13.4 billion in 2022
- The North American garage door market accounts for nearly 57% of the global industry revenue
- Approximately 30 million garage doors are installed in the U.S. annually
- The most common garage door size in the U.S. is 7 feet wide by 7 feet high
- The average cost of a new garage door in the U.S. ranges between $800 and $2,500
Market Size and Regional Insights Interpretation
Product Lifespan and Material Preferences
- The average lifespan of a garage door is approximately 15-30 years with proper maintenance
- Steel remains the most popular material for new garage doors, accounting for over 70% of the market share
Product Lifespan and Material Preferences Interpretation
Sources & References
- Reference 1GRANDVIEWRESEARCHResearch Publication(2024)Visit source
- Reference 2STATISTAResearch Publication(2024)Visit source
- Reference 3AISAResearch Publication(2024)Visit source
- Reference 4ANGIESLISTResearch Publication(2024)Visit source
- Reference 5GLOBENEWSWIREResearch Publication(2024)Visit source
- Reference 6BUREAUSOLUTIONSResearch Publication(2024)Visit source
- Reference 7IBISWORLDResearch Publication(2024)Visit source
- Reference 8ASHESALEResearch Publication(2024)Visit source
- Reference 9HOMEDEPOTResearch Publication(2024)Visit source
- Reference 10MARKETRESEARCHResearch Publication(2024)Visit source