Opening up: An improved housing market and continued demand for repairs will boost revenue

Demand for services from the Garage Door Installation industry dropped significantly as a result of the economic downturn, causing consumers to cut back on discretionary spending. However, as conditions improved, consumers increased spending and investment in their homes, including upgrades to their garage doors. Consequently, industry revenue has experienced steady growth. Over the next five years, industry operators are anticipated to benefit from increases in private spending on home improvement. Additionally, a rise in housing starts will also benefit industry revenue over the period...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Renewed spending on home improvements will bolster demand for garage door installation
  • Industry operators are expected to expand the geographical reach of their services
  • Operators are expected to see the bulk of demand come from new residential homes
  • Industry Report - Industry SWOT Analysis Chapter

    This industry is in the mature phase of its life cycle. Revenue growth is closely tied to consumer spending on home improvements and the performance of the downstream building markets. Over the 10 years to 2022, IBISWorld expects that the industry's contribution to the overall economy (industry value added) to increase at an annualized rate of 2.9% compared with projected GDP growth of 2.0% over the same period. Although the industry is expected to grow at a faster rate than the overall economy, this is not indicative of an industry in the growth phase of its life cycle. The industry started from a relatively low base, and when the economic recovery took place, industry revenue soared. Mor...purchase to read more.

    Additional Insights for the Garage Door Installation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Garage Door Installation Industry are

  • Operating franchises
  • Economies of scale
  • Licensed and bonded workers
  • IBISWorld analysts also discuss how external factors such as Private spending on home improvements and Consumer Confidence Index in the Garage Door Installation industry impact industry performance..

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    What's in this report

    What is the Garage Door Installation Industry?

    This industry installs garage doors and garage openers. Industry activity includes inspection prior to the installation or removal of any existing garage door and opener, installation, additions, alterations, maintenance and repairs.

    Industry Products
  • Manual door installation, door openers and accessories
  • Automatic door installation
  • Maintenance and service work
  • Industry Activities
  • Installing, repairing and removing residential garage doors
  • Installing, repairing and removing commercial garage doors
  • Installing, repairing and removing industrial garage doors
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private spending on home improvements
  • Consumer Confidence Index
  • Housing starts
  • Value of private nonresidential construction

  • Current Performance
  • Improving conditions, shift in services
  • Industry characteristics and trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand rebounds
  • Profit rises and operators expand
  • Table: Garage Door Installation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Garage Door Installation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Home Improvement Stores
  • Consumers

  • Key Selling Industries
  • Hardware Stores
  • Home Improvement Stores
  • Tool & Equipment Rental
  • Tool & Hardware Wholesaling

  • Products & Services
  • Maintenance and service work
  • Automatic door installation
  • Manual door installation, door openers and accessories
  • Chart: Garage Door Installation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential construction
  • Retail merchants
  • Utilities construction
  • Chart: Major Market Segmentation for the Garage Door Installation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Garage Door Installation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Garage Door Installation Industry

  • Industry Globalization
    Precision Door Service,
  • Table: Precision Door Service - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Garage Door Installation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Garage Door Installation Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvements (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chain Drive
  • A type of garage door motor that pulls a chain to open and close the door.
  • Screw Drive
  • A type of garage door motor that uses rotational force to open and close the door.
  • Spring
  • A crucial component for the lifting and closing of garage doors, usually sub-divided into torsion and extension springs.
  • What Our Customers Say

    Why buy this report?

    The Garage Door Installation industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Garage Door Installation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Garage Door Installation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Garage Door Installation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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