Press release
Why the powered gate market is set to explode| By key players Mitsuba Corporation, Continental, Hella Kgaa Hueck, Panasonic Corporation, katres Automation, Benica Group, Life home Integration, King gate SRL
Based on end-use industries, powered gate market is divided as automotive, industrial, residential, and retail. Automotive application of the product is estimated to hold dominant share during the forecast timeframe. These gates are widely installed in passenger & commercial vehicle. Boosting infrastructure activities such as building airports in developing countries is projected to drive powered gate industry during the forecast period. There are around 400 airports operating globally and more airports are sanctioned to build in certain countries.
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Powered Gate Market will witness noticeable growth owing to increasing hands-free applications in end use industries including automotive, retail, residential, commercial. Strong application outlook for mall gates, office gates, residential house, passenger car, light commercial vehicle, buses will drive the product demand.
Surging adoption of luxury features in passenger cars will propel the demand of the product in forecast timeframe. Government spending on improving infrastructure along with modernizing localities is fueling infrastructure projects. This leads to implementation of automated gates, supporting powered gate market.
Based on product powered gate industry is bifurcated as window, sunroof, rear gate, convertible roof, sliding gates and side doors. Power windows holds dominant market share in automated gates, as demand of automated windows is on rise in passenger vehicles that includes premium vehicle, commercial vehicles & electric hybrid vehicle.
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Sunroof is the most preferred luxury feature in passenger cars including premium vehicle, hybrid & SUV vehicles. Majority of vehicle manufacturer install sunroof in most of the high-end luxury car segment. Improved awareness and rising disposable income of vehicle owners has boosted luxury cars sales, leading to growth in powered gate market.
Sliding doors will depict a substantial growth rate in near future for its rising adoption in most of commercial and industrial applications, these are most preferred in shopping malls, and commercial spaces. Enhanced living standard coupled with rising urbanization will fuel the trend of shopping among youngsters, propelling powered gate industry.
North America is expected to witness significant growth during the forecast timeframe owing to positive outlook of automated doors in its countries. The region has developed infrastructure with wide adoption of residential automation. Improved Further, U.S. is a hub for major pharmaceutical companies that deploy these powered gates for security and safety purpose. Rising food & beverage and aviation industry is anticipated to propel powered gates market in the region till 2024.
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Prominent manufacturers in powered gate market are Delphi automotive, Johnson Electric, Magna International, Mitsuba Corporation, Continental, Hella Kgaa Hueck, Panasonic Corporation, katres Automation, Benica Group, Life home Integration, King gate SRL. Aleko products. Manufacturers are focusing on improving technology coupled with power efficient products.
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