Automatic Doors Market size to grow by USD 7.39 billion from 2022 to 2027 | Gaining traction in the construction market to drive the growth – Technavio

NEW YORK, Dec. 13, 2023 /PRNewswire/ — The automatic doors market is expected to grow by USD 7.39 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 6.75% during the forecast period. The market is segmented by end-user (commercial, industrial, and residential), product (sliding doors, swing doors, folding doors, revolving doors, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). Gaining traction in the construction market is the key factor driving market growth. Commercial and residential construction has led to a rise in new buildings and renovation in the building sector. In addition, on the back of factors like growing offline and digital retail sales, an increasingly dynamic economy as well and rising consumer confidence, there is a high demand for automated doors in business buildings. 

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Key Highlights:

• The report recognizes the following as some of the key players in the automatic doors market: Allegion Public Ltd. Co., ASSA ABLOY AB, Auto Ingress Pty Ltd, Deutschtec GmbH, Dormakaba Holding AG, FAAC Spa, GEZE GmbH, Horton Automatics, KBB International Co. Ltd, KONE Corp., Landert Group AG, MANUSA GEST SL, Nabtesco Corp., NG Automatics Ltd, Ningbo Meibisheng Auto gate Co. Ltd., Ningbo OWNIC Technology Co. Ltd, Ozone Overseas Pvt. Ltd, PortaFab Corp., Royal Boon Edam International BV, and Vina Sanwa
• Automatic Doors Market is fragmented in nature.
• Market to observe 5.67% YOY growth in 2023.

Market Dynamics:

Major Trend

• The increase in demand for automatic doors for cleanrooms is the major trend in the market.
•  Automated doors need to be installed for the prevention of external and cross-contamination in environments as demanded by the concept of a Cleanroom.
• Commercial end users who require the use of cleanrooms are laboratories and hospitals. Because of the importance of safety for humans and products, there is a strong expectation that the installation of automated doors will increase and stimulate growth in this market.

Significant Challenge

• Accidents and safety concerns are the significant challenges restricting market growth.
• The increasing liability arising from accidents that are caused by malfunctioning equipment, or business owners’ negligence, is one of the main challenges for automated doors to be implemented.
• As the owners of buildings are becoming more careful about the risk of automated doors, accidents that can happen as a result of malfunction and subsequent litigation are seen as an important threat to market growth.

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Keg Segments:

• The commercial segment will account for a major share of the market’s growth during the forecast period. In the areas of hygiene which include operational theatres, isolation wards, pharmaceutical laboratories, public transport systems, food and beverage processing units as well as airports it is particularly important to have automated doors. 

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Related Reports:

The Windows and Doors Market size is estimated to grow by USD 124.08 billion at a CAGR of 9.55% between 2022 and 2027. 

The e-gates market size is estimated to grow by USD 2,425.26 million at a CAGR of 20.41% between 2022 and 2027. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio