Growth in Australia’s fire safety product demand driven by construction sector

The Australia fire doors market has experienced growth as demand for fire safety products rises, driven by the introduction of stricter building codes and a robust construction sector.

According to Research and Markets, the construction sector generated over $350 billion in revenue in 2019, with a 4.3% rise in industrial and hospitality projects compared to the previous year.

However, the COVID-19 pandemic in 2020 led to a decline in GDP by 0.1%, impacting the fire doors market.

As construction resumed and demand rebounded, infrastructure projects have been a key driver of recovery.

The market size is forecast to grow at a compound annual growth rate (CAGR) of 3.4% between 2023 and 2029, as large-scale infrastructure developments boost demand for fire safety solutions.

Infrastructure projects continue to support fire doors market recovery

The Australian Construction Industry Forum (ACIF) reports that infrastructure development in Australia continued to grow by 3.8% during 2022-23.

This growth is supported by government infrastructure programs, which include a $4.4 billion investment over four years to sustain construction activity.

These programs have been essential to the recovery of the fire doors market following the challenges posed by the pandemic.

The market is further supported by new projects such as the 59-storey Sydney hotel tower and the Ivanhoe Estate Town Centre.

These initiatives represent a significant boost for the construction and fire safety sectors.

Swinging fire doors to dominate by mechanism

The swinging fire doors segment is expected to lead growth within the Australian fire doors market.

These doors are highly favoured for their versatility, durability, and compliance with safety standards, making them a preferred option across various sectors, including commercial and institutional applications.

Swinging fire doors also require minimal maintenance and align with Australian safety regulations.

This ensures their continued use in buildings such as hospitals, schools, and office complexes.

Interior fire doors critical for non-residential buildings

Interior fire doors are projected to grow in dominance within the Australian market, driven by the need for safety regulations in large infrastructure projects.

The construction of the Western Sydney Airport, with an investment of $3.5 billion, highlights the role of interior fire doors in creating fire-resistant zones that safeguard lives.

Non-residential buildings, particularly hospitals and schools, are a focal point for fire safety due to their high occupancy rates.

As more infrastructure projects, including hotels and office towers, are initiated, the demand for fire doors is expected to increase.

Australia’s construction sector supports further fire door market expansion

Australia’s construction industry is set for ongoing growth, with over 5,500 infrastructure projects valued at approximately $647 billion planned for 2021-2026.

These projects represent 57% of the country’s estimated construction activity during this period, driving significant demand for fire doors across the nation.

The focus on both new construction and compliance with updated safety standards ensures the sustained growth of the fire doors market as infrastructure development continues.

Australia fire doors market to experience 3.4% growth due to construction sector boom: Summary

The Australia fire doors market is projected to grow at a CAGR of 3.4% from 2023 to 2029.

This growth is supported by increased construction activity and a focus on safety standards.

Government investment in infrastructure and major projects, including commercial buildings and mixed-use developments, will drive demand.

The swinging fire doors segment is expected to see the highest growth due to its compliance with safety regulations and minimal maintenance requirements.

Non-residential buildings, such as hospitals and schools, continue to dominate the market, with infrastructure development anticipated to fuel further expansion.