
The global bifold doors market accounted for $9,779 million in 2016, and is expected to reach $13,929 million in 2023, registering a CAGR of 5.2% from 2017 to 2023. Bifold doors make use of a folding mechanism via presence of multiple hinges applied through numerous panels, leading to formation of doors that co-exist as door-walls system. These doors provide sufficient insulation without compromising the interior temperature of the infrastructure. Bifold doors are applicable as both interior doors and exterior doors such as interior dividers, doors-walls system, patio doors, restaurants, and retail store fronts among others. Moreover, these doors are better suited for larger doors compared to sliding doors, in terms of thickness of the panels and seamless transition between inside and outside of the house.