Automatic Door Market 2030 By End User (Commercial, Industrial, and Residential),Type (Sliding, Swinging, Folding, and Others) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Technology & Media | Pages : 179 Pages | Published On : Dec 2023
The global Automatic Door Market reached a valuation of $22,400.0 million in 2018 and is poised to achieve a remarkable milestone, projected to attain $41,745.0 million by 2030. This growth trajectory showcases a robust Compound Annual Growth Rate (CAGR) of 7.8% from 2023 to 2030. The concept of automatic doors revolves around their autonomous operation facilitated by diverse sensors like infrared and photoelectric sensors. The infrared sensors, for instance, detect temperature changes; as a person passes through the door, the warmer temperature is detected, prompting the door to operate seamlessly. The mechanism comprises a transmitter-receiver pair positioned on both the front and rear of the door.
Automatic doors serve a variety of applications across residential and commercial domains, as well as in hospitals. Factors including energy conservation, ease of use, heightened security, swift and accurate functionality, cable-free operation, and others drive the demand. In hospitals, automatic doors offer enhanced convenience for wheelchair users and secure access control in settings like scientific labs. Government investments in construction and the flourishing residential sector present promising avenues for future growth. Nonetheless, the market's potential is hindered by the challenge of high maintenance requirements.
The global Automatic Door Market is categorized by type, end user, and region. Types include sliding, swinging, folding, and others, while end users span across residential, commercial, and industrial sectors. Regions of analysis encompass North America, Europe, Asia-Pacific, and LAMEA.
In terms of type, the sliding segment takes the lead in revenue and is anticipated to sustain its growth throughout the forecast period. The automatic sliding mechanism finds suitability in a wide spectrum of settings, including residential buildings, hotels, offices, apartments, expansive retail outlets, and airports. The increasing adoption of sliding automatic doors among consumers, coupled with the upsurge in new construction and home improvement projects, are expected to create lucrative avenues for market expansion.
Sliding segment is projected to grow at a significant CAGR
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.
Commercial segment holds dominant position in 2018
This growth is attributed to the escalating adoption of automatic panel doors and sliding doors in infrastructure ventures, as well as residential and commercial constructions, particularly evident in nations such as China and India.
Asia-Pacific holds a dominant position in 2018 and is expected to grow at a highest rate during the forecast period.
Asia-Pacific emerges as a pivotal stronghold for the automatic door market. This region is characterized by developing economies including China, India, and Indonesia, poised to underpin the expansion of the market due to amplified demand for residential construction. The construction landscape in Asia has witnessed a notable transition towards swiftly burgeoning markets, encompassing China, India, and other Southeast Asian nations.
Asia-Pacific stood at the forefront in 2018, establishing its dominance, and is anticipated to exhibit the highest growth rate throughout the forecast period.
Prominent participants in the global Automatic Door Market have strategically embraced vital approaches such as acquisitions, collaborations, product introductions, and partnerships. These endeavors serve to fortify their market reach and navigate the intense competitive landscape.
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 Benefits for Stakeholders
- The report offers a comprehensive assessment of the present and evolving trends and dynamics within the Automatic Door Market.
- Profound market analysis is conducted through the formulation of projections for pivotal segments spanning from 2023 to 2030.
- Extensive scrutiny of the market entails strategic product positioning and diligent monitoring of prime contenders within the market framework.
- A comprehensive analysis encompasses all regions to discern prevailing opportunities.
- The report encompasses a global Automatic Door Market forecast analysis spanning from 2023 to 2030.
- This report profiles key market participants operating on a global scale, delving into their strategies, allowing for a comprehensive grasp of the competitive landscape in the automatic doors sector.
Global Automatic Door Market Segments
- By End User
- By Region
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- 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
- Stanley Black & Decker, Inc.
Table and Figures
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