Challenges currently being faced by market include high installation and maintenance costs associated with barn door systems. Once installed, barn door hardware also needs to be regularly maintained and lubricated to ensure smooth operation over long-term use. According to the U.S. Census Bureau, around 40% of homeowners reported unplanned home repair expenditures in January 2021.
Market Opportunity - Emergence of smart and technologically advanced barn door hardware
The market can witness growth opportunities due to rise of smart and technologically advanced variants. Manufacturers are now offering 'smart barn door' systems with features like electric motors, remote controls, and integration with home automation. These innovations allow for remote operation and functionalities like automatically sensing a person's presence. As per the data from the U.S. Census Bureau, 59% of homes were renovated between 2019 and 2021, with average spending on door and window renovations rising to US$ 1,900.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients