Report Code: A02818 | Pages: 212 | ||
Tables: 87 | Charts: 58 |
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The global Automatic Door Market size was valued at $22,400.0 million in 2018, and is projected to reach $41,745.0 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026. Automatic door is automatically operated using various sensors, such as infrared sensors, photoelectric sensors, and others. Infrared works by detecting the change in temperature, for instance, when a human passes through the automatic door, the infrared sensors detect the warmer temperature and operates the door thereby. The system consists of the transmitter and receiver pair, in the front and back of the door.
Automatic door has an application at various places such as residential and commercial spaces, hospitals, and others. Factors such as energy saving, ease of operation, maintaining security, fast and accurate, cable free, and others fuel the demand. Automatic doors in hospital makes it possible for the wheelchair operators to conveniently travel, also, they can be used to secure the particular area in scientific labs and hospital. Heavy investment by government in construction and the growth in the residential sector creates future opportunities. However, high maintenance acts as a restraint for the market.
The global Automatic Door Market is segmented based on type, End User, and region. By type, the market is classified into sliding, swinging, folding, and others. By end user, it is divided into residential, commercial, and industrial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By type, sliding segment garner largest share in terms of revenue and is expected to grow during the forecast period. The automatic sliding mechanism is suitable for residential buildings, hotels, offices, apartments, big retail outlets, airports, and other building projects. Moreover, increase in adoption of sliding automatic doors among consumers, and rise in new construction and home improvement activities are expected to provide lucrative opportunities for market expansion.
In 2018, by end user, the commercial segment has largest share in the global market in terms of revenue. The increase in use of automatic panel doors and sliding doors in infrastructure projects and housing & commercial buildings, especially in China and India drives the Automatic Door Market growth.
Asia-Pacific is estimated to be a dominant market for automatic doors. Developing economies, such as China, India, and Indonesia, are expected to support market expansion due to increase in demand for residential construction. The construction market in Asia has witnessed a continuous shift toward markets possessing rapid growth rate such as China, India, and other Southeast Asian countries.
The major players operating in the global Automatic Door Market have adopted key strategies such as acquisitions, collaborations, product launch, and partnerships to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
The key market players profiled in the Automatic Door Market report include ASSA ABLOY Group, Deutschtec GmbH, dormakaba Holding AG, GEZE GmbH, MANUSA GEST, S.L., Nabtesco Corporation, Rite-Hite Holding Corporation, Royal Boon Edam International B.V, Sanwa Holdings Corporation, and Stanley Black & Decker, Inc.
The major players operating in the global Automatic Door Market have adopted key strategies such as acquisition, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in November 2019, ASSA ABLOY signed an agreement for the acquisition of AM Group. AM Group is based in Australia and is a global provider of industrial doors with entrance automation. The acquisition has enhanced ASSA ALOY’s product portfolio for industrial door systems.
In February 2017, ASSA ABLOY acquired the company Southeastern Dock & Door, based in the U.S. Southeastern Dock & Door is a distributor of industrial & commercial doors and docking solutions in South Carolina, U.S. The acquisition has increased ASSA ABLOY’s Entrance Automation product range especially for commercial and industrial applications.
Key Players
Automatic Door Market Report Highlights
Aspects | Details |
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By TYPE |
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By END USER |
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By Region |
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Key Market Players | ASSA ABLOY Group, Royal Boon Edam International B.V., MANUSA GEST, S.L., Stanley Black & Decker, Inc. (STANLEY Access Technologies LLC), dormakaba Holding AG, Nabtesco Corporation, GEZE GmbH, Deutschtec GmbH, Rite-Hite Holding Corporation, Sanwa Holdings Corporation |
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The automatic doors market holds high growth potential in the commercial and industrial sector. The market has witnessed significant growth over the past decade, owing to the rise in adoption of automatic doors such as sliding door, swing door, and others. Market players are also acquiring other companies and enhancing their product portfolios to increase their market potential in terms of geographic and customer base expansion. Moreover, the leading players in the market are producing affordable, and efficient automatic doors to cater to a large customer base.
Factors such as changes in lifestyle toward single family homes and increase in disposable income has significant impact over the market growth in the recent years. In addition, the increase in the investment in commercial construction activities are expected to drive the growth of the global automatic doors market.
Furthermore, the market growth for automatic doors is highly dependent on industrial and commercial construction investments. Thus, the increase in industrialization, and rise in demand for the commercial complexes and buildings fuels the market growth.
Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest CAGR in the global market throughout the forecast period.
A. The rapid urbanization & industrialization, surge in residential & non-residential construction, and increase in spending on home remodeling are some of the factors which is anticipated to drive automatic doors market.
A. The global automatic doors market was valued at $22,400.0 million in 2018, and is projected to reach $41,745.0 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026.
A. Based on type, sliding segment holds the maximum market share of the automatic doors market in 2018.
A. The global automatic doors market is growing at a CAGR of 7.8% from 2019 to 2026.
A. The key trends in the automatic doors market includes safety and security concerns in residential and commercial sectors, which has led to increase in deployment of automatic doors.
A. The global automatic doors market size was valued at $22,400.0 million in 2018, and is projected to reach $41,745.0 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026.
A. The manufacturers of automatic doors are developing new products as a strategy to increase their automatic doors market shares.
A. The effecting factors includes growth of commercial and industrial sector, owing to increase in population and urbanization around the globe.
A. The global automatic doors market size was valued at $22,400.0 million in 2018.
A. The automatic door has an application at various places such as residential and commercial spaces, hospitals, and others.
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