Garage Door Installation in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: November 2023
NAICS OD4855Revenue
$326.1m
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,054
Businesses
173
Wages
$XX.Xm
Garage Door Installation in the US industry analysis
Over the past five years, garage door installation companies have benefited from increased increased investment in existing structures. At the beginning of the current period, rising consumer confidence contributed to consumers' increased willingness to take on home improvement projects. Rising corporate profit and recent federal tax cuts have encouraged capital expenditures among a variety of businesses, ranging from the street-corner bodega to large-scale manufacturing facilities. The COVID-19 pandemic brought heavy disruption to these trends, though, leading to a collapse in demand for new garage door installations and replacements. While dropping consumer confidence slowed residential demand, the pandemic's negative effects primarily damaged demand from the industry's commercial and retail market. Garage Door Installation industry revenue has been inching upward at a CAGR of 0.8% over the past five years and is expected to total $326.1 million in 2023, when revenue will fall by an estimated 1.0%. Profit will decline amid rising purchase costs.
Trends and Insights
- Interest rates have fluctuated, impacting construction activity. Residential construction activity boomed amid the pandemic's lows, as residential work takes a relatively short amount of time to complete and is highly susceptible to the price of financing.
- Residential garage door installation remains the industry’s largest service. Commercial garage door installation services also make up a significant portion of demand.
- Garage door installers choose to locate themselves near downstream markets, making the Southeast the most popular choice to set up establishments. This region is also home to a quarter of the US population, making residential construction activity plentiful.
- Competitive pricing is key to attracting customers in a relatively low-margin industry. Garage door installers must also possess a skilled workforce to accommodate new technologies advancements.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $326.1m in 2023.
Trends and Insights
Consumers are increasingly seeking specialized garage doors
- Technological innovations have enabled garage door installers to charge more for increasingly complex projects.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The Garage Door Installation industry will encounter fluctuating performance
- The economy will stabilize and recover from the COVID-19 pandemic and activity in most sectors will increase. Many businesses will take advantage of the new business cycle, beginning new nonresidential projects and supporting industry growth.
Biggest companies in the Garage Door Installation in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Precision Door Service | 122.4 | 5.1 | 4.2 | |
Sanwa Holdings Corporation | 92.9 | 3.0 | 3.2 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Residential, 2-car garage, Residential, 1-car garage and Residential 3-car garage or more. Residential, 2-car garage is the largest segment of the Garage Door Installation in the US.
Trends and Insights
Residential garage door installation services account for the largest share of industry revenue
- This segment includes work done for one, two and three car garages, with two car garages representing the most popular service.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Home Builders in the US
- Drywall & Insulation Installers in the US
- Tile Installers in the US
- Flooring Installers in the US
International industries
- Elevator Installation and Maintenance in Australia
- Elevator Installation and Maintenance in New Zealand
- Household Appliance & Garden Equipment Repair in the UK
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Installing, repairing and removing residential garage doorsInstalling, repairing and removing commercial garage doorsInstalling, repairing and removing industrial garage doorsCompanies
Precision Door ServiceSanwa Holdings CorporationPurchase this report to view all 2 major companies in this industry.
Related Terms
SPRINGSCREW DRIVECHAIN DRIVEIndustry Code
NAICS 23829 - Garage Door Installation in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Interest rates have fluctuated, impacting construction activity. Residential construction activity boomed amid the pandemic's lows, as residential work takes a relatively sho...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Residential garage door installation remains the industry’s largest service. Commercial garage door installation services also make up a significant portion of demand.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Garage door installers choose to locate themselves near downstream markets, making the Southeast the most popular choice to set up establishments. This region is also home to...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competitive pricing is key to attracting customers in a relatively low-margin industry. Garage door installers must also possess a skilled workforce to accommodate new techno...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Precision door service covers every aspect of the garage door installation process. The company is a very strong strong player with a higher-than-average profit level.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Precision Door Service's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Sanwa Holdings Corporation's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Precision Door Service, and factors influencing its performance in the industry
- Description and key data for Sanwa Holdings Corporation, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Certification is necessary to acquire high-revenue contracts. This lifts the quality of workmanship and ensures the work is up to standard.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are a large cost for garage door installers. This includes construction inputs, like springs, wiring, door bumpers and sealants, openers, lubricants, bearings and o...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Garage Door Installation in the US industry in United States in 2024?
The market size of the Garage Door Installation in the US industry in United States is $326.1m in 2024.
How many businesses are there in the Garage Door Installation in the US industry in 2023?
There are 173 businesses in the Garage Door Installation in the US industry in United States, which has declined at a CAGR of 1.1 % between 2018 and 2023.
Has the Garage Door Installation in the US industry in United States grown or declined over the past 5 years?
The market size of the Garage Door Installation in the US industry in United States has been growing at a CAGR of 0.8 % between 2018 and 2023.
What is the forecast growth of the Garage Door Installation in the US industry in United States over the next 5 years?
Over the next five years, the Garage Door Installation in the US industry in United States is expected to grow.
What are the biggest companies in the Garage Door Installation in the US market in United States?
The biggest companies operating in the Garage Door Installation market in United States are Precision Door Service and Sanwa Holdings Corporation
What does the Garage Door Installation in the US in United States include?
Installing, repairing and removing residential garage doors and Installing, repairing and removing commercial garage doors are part of the Garage Door Installation in the US industry.
Which companies have the highest market share in the Garage Door Installation in the US in United States?
The company holding the most market share in United States is Precision Door Service.
How competitive is the Garage Door Installation in the US industry in United States?
The level of competition is moderate and increasing in the Garage Door Installation in the US industry in United States.
