Automatic Door Market Demand & Growth Analysis by 2026 | Key Drivers, Restraints & Opportunity

According to a new report published by Allied Market Research, titled, "Automatic Door Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global Automatic Door Market size was valued at $2.2 billion in 2018, and is projected to reach $41.7 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026.

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In 2018, by type, the sliding segment accrued the largest share in the market. In addition, the expansion of infrastructure sector throughout the globe especially in emerging nations such as Brazil, China, and India fuels the demand for automatic doors. Thus, growing infrastructure sector is expected to drive the growth of the market.

Moreover, the manufacturers of automatic doors are developing new products as a strategy to increase their Automatic Door Market shares. For instance, in February 2019, GEZE enhanced its sliding door portfolio with new ECdrive T2 door drive system. The product features fine-framed GCprofile Therm and also features thermal insulation qualities, which reduce heat loss considerably. The product also has a discreet door design, which allows quieter movement of the door. Similarly, in December 2017, GEZE launched the new GEZE Cockpit building automation system. The system includes, networked and automated door, windows and safety technologies and other integrated products. The GEZE Cockpit allows automatic door and window operations, either time triggered, or event triggered.

Furthermore, the growth of commercial and industrial sector, owing to increase in population and urbanization around the globe is projected to fuel the demand for automatic doors in the coming years. Currently, by end user, in 2018, the commercial segment have garnered significant market share, owing to the expansion of infrastructure sector in developing regions. In addition, the industrial segment is expected to exhibit significant growth during the forecast period. In terms of region, Asia-Pacific and Europe collectively contributed around 72.3% of shares in the global market in 2018.

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Key Players

The key players profiled in the automatic door market report include ASSA ABLOY Group, Deutschtec GmbH, dormakaba Holding AG, GEZE GmbH, MANUSA GEST, S.L., Nabtesco Corporation, Rite-Hite Holding Corporation, Royal Boon Edam International B.V, Sanwa Holdings Corporation, and Stanley Black & Decker, Inc.

Key Market Segments

By Type

Sliding
Swinging
Folding
Others

By End-User

Commercial
Industrial
Residential

By Region

North America
Europe
Asia-Pacific
LAMEA

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.