New Zealand Fire Door Market is projected to grow at a CAGR of 3.7% during 2023–2029

Swinging doors on the basis of mechanism type accomplished the maximum revenue share in New Zealand Fire Door Market – 6Wresearch

By mechanism type, swinging doors held the largest revenue share in 2022, as these doors are equipped with self-closing mechanisms, ensuring automatic closure and latching after being opened in comparison to sliding and folding type fire doors.

According to 6Wresearch, the revenue of the New Zealand Fire Door Market is projected to grow at a CAGR of 3.7% during 2023–2029. The fire door market in New Zealand has experienced notable growth, primarily driven by the increasing demand from real estate and infrastructural projects, such as the 1 billion USD Commercial Bay project in downtown Auckland and The Pacifica. During the COVID-19 pandemic, the demand for fire doors in New Zealand experienced a decline, primarily due to government-imposed lockdowns and the temporary closure of on-going construction projects to curb the spread of COVID-19. Consequently, the overall office vacancy within Auckland’s metropolitan area rose to 6.3% in the second half of 2020, up from 5.6% during the same period the previous year. However, in 2021, the fire door market in New Zealand rebounded to pre-COVID levels. The Central Business District (CBD) vacancy rate in Christchurch dropped to 5.4% in December 2021 from 10.6%, and in Prime (Premium and Grade A) vacancy in Wellington’s CBD decreased by 3.7% to 0.7% in the last six months of the year.

Furthermore, the commercial sector is expected to grow in the coming years as Bluehaven Group plans to invest 1 billion USD in a town center development project in Papamoa East, named 'The Sands', featuring a supermarket, offices, and healthcare facilities. Additionally, under the national infrastructure pipeline, more than 42 billion USD worth of transportation, health, community facilities, water, and energy projects are in the planning stage, which is expected to enhance the demand for fire doors in the country in the coming years.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, during the forecast period, new construction is expected to experience significant growth in the New Zealand fire door market, owing to the rising demand from commercial, multi-residential and infrastructural and commercial establishments such as 65 Federal Street, and redevelopment of Auckland airport which is expected to propel the demand in the coming years.

The New Zealand Fire Doors Market (2023-2029) report provides an in-depth analysis with 16 figures and 6 tables, covered 69 pages. The report comprehensively covers the market by mechanism, product type, application, and mode of application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.