International Door & Operator Industry

JUL-AUG 2018

Garage door industry magazine for garage door dealers, garage door manufacturers, garage door distributors, garage door installers, loading docks, garage door operators and openers, gates, and tools for the door industry.

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Page 30 of 110

Continued on page ## 28 International Door & Operator Industry™ Continued from page 27 Continued on page ## MANAGEMENT in the core, yet constitute the fastest growing segment of the industry. High-Speed Doors may be of metal or fabric composition, and with sheet doors for a variety of uses, cold storage doors and hanger doors constitute just some of the additional products that are not included in the core. Garage doors are really "door systems" that include the curtain that covers the opening as well as some combination of track, springs and hardware necessary to move the curtain between open and closed positions. Most garage doors are shipped to installers as complete systems, but some sections and peripheral "pieces and parts" are purchased from multiple separate sources and then assembled into systems at intermediary locations. The information presented in these forecasts is stated at "installed" or end-user value. That value consists of the value of manufacturers' shipments (VMS) for the sum of door systems, plus sections shipped apart from peripherals plus peripherals purchased separately (track, springs hardware and related items), both for bundling into complete doors and for use in aftermarket servicing. End-user or Installed Value adds direct labor, dealer markup and profit to the VMS, plus the installed value of any ancillary products (essentially operators) IF installed simultaneously with the door. The Aftermarket Service Segment is also presented at resale value, and includes parts and replacement products such as sections, slats, springs and other items. Coiling Garage Doors 2018 to 2025 Chart 2 depicts the recent history of Coiling door demand plus projected installed sales through 2025. For 2017 the U.S. Coiling Door market (including fire doors, grilles and counter shutters) was $855.7 million. Demand for coiling doors has expanded rapidly in recent years, and by 2025 will exceed $1.2 billion (installed value). Since 2009, coiling door sales per million dollars of Total Non-Residential Building Construction has grown from $1,482 to $2,077 in late 2017. This indicates the expansion of the importance of doors to the total project as more units are insulated, have dedicated motorization and are "purpose built" to meet specific building conditions. Additionally, coiling products are being built in increasingly large sizes, and the operating speeds of some designs approaches that of "high-speed" doors. Commercial Sectional Garage Doors 2018 to 2025 Commercial sectional doors are considered by some architects and builders to be easily damaged and thus subject to expensive downtime and repair. Historically, such concerns were offset by a lower initial cost (than coiling alternatives), but issues of security and environmental control have caused the growth of commercial sectional demand to deteriorate to just 2.6% annually since 2008. © 2018 ZCI. All Rights Reserved 250.0 392.9 535.7 678.6 821.4 964.3 1,107.1 1,250.0 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 COILING Garage Doors all variations including grilles & counter shutters Recent History Õ18 to Õ25 Forecast $ = Millions ÒQuickÓ late 2019 or early 2020 recession Excluding Sheet & High-Speed Doors Chart 2 Chart 2 depicts the recent history of Coiling door demand plus projected installed sales through 2025. For 2017 the U.S. Coiling Door market... was $855.7 million. Continued on page 30

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