Garage Door Opener Market Growth Breakdown Data of Leading Vendors 2018-2023: Chamberlain Group, Overhead Door, SOMMER Group, LiftLogix, Teckentrup, Marantec, Skylink, Hörmann, CAME, and Others

Over the next five years, Garage Door Opener will register a 2.5% CAGR in terms of revenue, reach US$ 1290 million by 2023, from US$ 1110 million in 2017. This report covers the present scenario (with the base year being 2017) and the growth prospects of Global Garage Door Opener market for 2018-2023.

A Garage Door Opener is a motorized device that opens and closes garage doors. Most are controlled by switches on the garage wall, as well as by remote controls carried by the owner.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

Chamberlain Group
Overhead Door
SOMMER Group
LiftLogix
Teckentrup
Marantec
Skylink
Hörmann
CAME
Dalian Seaside
Superlift
Raynon
Foresee
GTO Access Systems
ADH Guardian
Goalway Technology
Culmination Family Profession
DECKO
Baisheng Gate
Dalian Master Door

The global Garage Door Opener industry is characterized by several large international manufactures and many smaller regional and local manufactures. Therefore, market share concentration is low. The two largest operators account for about 31.02% of total industry revenue in 2015, most manufactures operate locally and provide services to a small segment of the population. Nonetheless, market share has increased over the past five years because a number of companies were acquired during the recession. Larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures. Key market players include Chamberlain Group, Overhead Door, SOMMER Group, LiftLogix, Teckentrup, Marantec, Skylink, Hörmann, CAME, and Dalian Seaside among others.

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Worldwide, home garages was the largest consumer of Garage Door Opener, which is responsible for about 79.39 percent of Garage Door Opener consumption in 2016. The remaining 20.61 percent was consumed for Underground and Collective Garages.

This report presents a comprehensive overview, market shares, and growth opportunities of Garage Door Opener market by product type, application, key manufacturers and key regions.

To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Belt Drive Openers
Chain Drive Openers
Screw Drive Openers
Others

Segmentation by application:
Home Garages
Underground & Collective Garages

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Garage Door Opener consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Garage Door Opener market by identifying its various subsegments.

Focuses on the key global Garage Door Opener manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Garage Door Opener with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Garage Door Opener submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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