Automatic Door Control Market Size, Share & Trends Analysis Report by Type (Sliding, Swinging, Folding, and Others) and End User (Commercial, Industrial, and Residential) and Region - Forecast to 2022 - 2032
NEWARK, DE / ACCESSWIRE / August 26, 2022 / The global automatic door control market is projected to reach a value of US$ 51,365.6 Mn by 2032, with sales growing at robust CAGR of 7.8% over the forecast period of 2022 to 2032. In 2022, the market vale of automatic door control is predicted to reach US$ 24,267.4 Mn. The automatic door control market is propelled by benefits like low consumption of energy, improvement in security, cable free and the ease of operation associated with automatic door locking systems.
Automatic doors are operated automatically with the aid of various sensors like infrared sensors, and photoelectric sensors among others. In recent times, there's been a notable rise in the adoption of automatic doors and their openers. These gain applications in a variety of places like residential and commercial spaces and are generally composed of a transmitter and receiver pair in the front and the back of the door. With increase in the usage of automatic doors, the target market is likely to experience significant growth from 2022 to 2032.
The usage of automatic door in many residential areas and the expanding construction sector bode well for the automatic door control market. Consumers' preference for a modern and urban living space is also a contributing factor to the market growth. Other application of automatic doors such as application in hospitals and other industry verticals will further propel the target market expansion. The usage of automatic doors in hospitals makes it easier for the staff and patients to go about their day more conveniently- wheelchairs can travel more smoothly and there's added security. Theaters, hotels, shopping malls, high-tech airports, grocery stores and several other sectors are now adopting automatic doors. All these factors are promoting growth for the automatic door control market.
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However, there are certain factors that inhibit the growth of the automatic door control market. The high cost of raw materials required in the manufacturing process of automatic door coupled with the high maintenance cost post installation are likely to impede the market growth over the forecast period.
"Rising adoption of automatic doors in various industry verticals will likely drive the market growth for automatic door control over the forecast period," says an FMI analyst.
Stanley, Dorma, Assa Abloy, Nabtesco, Record, Boon Edam, Horton Automatics, Panasonic, Geze, Tormax, ERREKA, Portalp, Grupsa, Dream, DSS Automatic Doors, ADSF, RUBEK, Auto Ingress, KBB, and Ningbo Ownic among others are some of the major players in the automatic door control market that are profiled in the full version of the report.
In a competitive market, major players are employing tactics like strategic mergers and acquisitions. These organizations are investing in product development to improve their market penetration and maintain their market presence.
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More Insights into the Automatic Door Control Market Report
In its latest report, FMI offers an unbiased analysis of the global automatic door control market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type (automatic sliding door, automatic revolving door, others), end-user (hospital, airports, retail store, hotels, office building, government institution, others), and region.
According to the latest FMI reports, based on region, North America is predicted to dominate the global automatic door control market over the forecast period. The market in this region is expected to account for 21% of the global market share in 2022. Increasing government investment in construction and retail sector along with rising disposable income and changing lifestyles are accountable for this regional growth.
The automatic door control market in Europe is anticipated to thrive over the assessment period while holding 18.2% of the total market share in 2022. This growth is attributed to high adoption rate of automatic doors due to convenience, security and ease of operations. Expanding home improvement and construction activities are also likely to supplement this growth.
Key Segments In The Automatic Door Control Market
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3.5.1. Supply Side Participants and their Roles
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer's
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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SOURCE: Future Market Insights Inc.