Global Automatic Door Market to Cross USD 16 Bn by 2022, Says Beige Market Intelligence in Report Published at MarketPublishers.com13 Feb 2017 • by Natalie Aster
LONDON – The market for entrance automation doors is anticipated to see immense growth in sales and revenue terms alike. Globally, the market for automatic doors is poised to surpass the USD 16 billion mark by 2022, recording a CAGR of around 9% in the years to come.
The market growth is chiefly boosted by the requirement of enhanced energy efficiency of buildings, an upsurge in the worldwide construction output, IoT revolution and strategic fit, and demanding projects from the institutional and commercial sectors, among others. However, high installation costs and existence of economical alternatives, fragmentation and intense competition, high level of variability in tandem with the need for dynamic risk-mitigation strategy could act as key challenges to the market growth.
With respect to type, the sliding doors segment is anticipated to grab the lion’s share in total revenue by 2022, mainly against the backdrop of their high convenience and low space requirements. Additionally, the sales of bi-parting sliding door options are poised to increase relatively as against the other sliding door types.
Application-wise, the sales volume of automatic doors in the residential segment is expected to stand at 1.7 million units by 2022.
ASSA ABLOY, STANLEY Acess Technologies, GEZE, KBB, dormakaba are some of the major vendors in the marketplace.
In-demand report “Global Automatic Door Market” prepared by Beige Market Intelligence offers a deep analysis of the present-day scenario and prospective growth trajectory of the market to 2022.
The research categorises the global market based on type, application, and by geography; providing market size and market forecast figures by revenue and sales in unit volume for each segment. It casts light on the market growth, driving factors, key emerging trends, and anticipated challenges for the next 5 years. It includes a granular geographic market analysis covering the regions that are set to grab the biggest market share alongside the factors stimulating the growth in that region. The report offers profiles the top companies in the worldwide automatic door marketplace, canvasses the overall competitive landscape and analyses the market share of the dominant players.
More in-demand reports by the publisher can be found at its page.