Press release
Gate Openers Market to Witness Notable Growth by 2028 Covid-19 Analysis
The Gate Openers Market is projected to grow from USD 2.49 billion in 2021 to USD 3.43 billion in 2028 at a CAGR of 4.6% in the 2021-2028 period.
Industry Development
October 2021: Nice, a global smart home security manufacturer and automation solutions developer, acquired Nortek Security & Control, LLC to help the company reinforce its position as a leading market performer.
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List of Key Companies Operating in Gate Openers Market Include:
Assa Abloy AB (Sweden)
Allegion (Ireland)
Somfy (Cluses, France)
Came S.p.A. (Italy)
FAAC SPA (Italy)
Chamberlain Group (CGI) (U.S.)
dormakaba Group (Switzerland)
GEZE GmbH (Germany)
NICE Systems Ltd. (Israel)
Honeywell (U.S.)
Overhead Door Corporation (U.S.)
Legrand (France)
Zhejiang Xianfeng Machinery Co., Ltd. (China)
TISO Group of Companies (Ukraine)
PILOMAT s.r.l. (Italy)
S M Dooromatics (India)
Proteco Srl (Italy)
Macs Automated Bollard Systems Ltd (U.K.)
RIB Srl (Italy)
Gandhi Automations Pvt Ltd (India)
CASIT srl (Italy)
Skylinkhome (Canada)
Drivers and Restraints
Reduced Operational Costs and Secured & Safe Operation Mode to Boost Market Growth
Gate openers provide consumers with complete control of the opening and closing of a gate. It eliminates security personnel requirements and the entry of vehicles inside the premises. The opener is powered to receive notifications on tablets, smartphones, and laptops. It allows people to enter infrastructures and permits operators to maintain timely data regarding exit and entry of people. Furthermore, reduced chimney cleaning expenditure and easy installation are expected to boost the product adoption. Moreover, rising redevelopment projects lead to effective gates' adoption, thereby increasing sales. These factors may propel the gate openers market growth.
However, high installation and purchase costs associated with the product are expected to hinder the market progress.
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COVID-19 Impact Analysis:
Final Report will add the analysis of the impact of COVID-19 on this industry.
In this report, the pre- and post-COVID impact on the market growth and development is well depicted for better understanding of the Fire Alarm and Detection Market based on the financial and industrial analysis. The COVID epidemic has affected a number of Fire Alarm and Detection Market is no challenge. However, the dominating players of theGlobal Fire Alarm and Detection Market are adamant to adopt new strategies and look for new funding resources to overcome the rising obstacles in the market growth.
The Gate Openers Market Research Report Supports the Facts Below:
Industry Historical Demand Trends and Future Development Study - Gate Openers Market Revenue 2022 Investors will make their business decisions based on historical and projected performance of the market in terms of growth trends, revenue contribution, and Gate Openers Market growth rate. The report offers industry analysis from 2021 to 2028, according to categories such as product type, applications/end-users and regions.
Market Drivers, Limits and Opportunities - The market is deeply evaluated by a current market situation such as market growth factors and constraints. In addition, here we can discuss the latest industry news and its impact on the business.
Industry Chain Analysis - The study of industry chain structure incorporates details related to supplier's and buyer's information. Furthermore, the report classifies the top manufacturers of Gate Openers Market Service business based on their production base, cost structure, Service production process, spending on raw materials and labor outlay.
Future Project Expediency - The Gate Openers Market report includes a detailed explanation about the past and present trends of the market has been following along with its future analysis that may concern with the market growth.
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Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and strategies undertaken by the market's key players.
Research Methodology:
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
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Major Table of Contents for Gate Openers Market Research Report:
Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Asia Pacific Gate Openers Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
PESTLE Analysis
Porter's Five Force Analysis
Asia Pacific Gate Openers Market Share Analysis and Matrix, 2019
Latin America #Gate Openers Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By Country (Value)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Profiles of Key Players (Would be provided for 10 players only)
Overview
Key Management
Headquarters etc.
Offerings/Business Segments
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
TOC Continued.
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