QYResearch: In 2016, global revenue of garage door replacement parts is nearly 1610 M USD

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Garage door replacement parts are the accessories that used for garage door replacement; the main replacement parts include opener, handles, hinges, extension springs, torsion springs, decorative hardware and others.

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QYResearch In the last several years, global market of garage door replacement parts developed smoothly, with an average growth rate of 3.7%. In 2016, global revenue of garage door replacement parts is nearly 1610 M USD; the actual production is about 117 million Pcs.

According to QYResearch, The global average price of garage door replacement parts is in the decreasing trend, from 14.8 USD/Pcs in 2012 to 13.7 USD/Pcs in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of garage door replacement parts includes metal parts and electromechanical parts, and the proportion of metal parts in 2016 is about 89%.

Garage door replacement parts are widely used in residential and commercial. The most proportion of garage door replacement parts is residential, and the consumption proportion in 2016 is about 88%. qyresearchglobal.com

QYResearch North America region is the largest supplier of garage door replacement parts, with a production market share nearly 35% in 2016. Europe is the second largest supplier of garage door replacement parts, enjoying production market share nearly 25% in 2016.

North America is the largest consumption place, with a consumption market share nearly 39% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 29%.

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QYResearch Market competition is intense.

Chamberlain Group, Overhead Door, Novoferm, Amarr, SOMMER, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

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