Press release
Unit Sales of Door and Window Automation Market To Soar During Forecast Period 2022 - 2031 : Fact.MR
A recently revamped Fact.MR study forecasts that the market for door and window automation is slated to grow at a CAGR of 5% from 2022 to 2032, closing in at a valuation of US$ 20 Bn. Extensive reliance on automated technologies to improve building security is generating a fertile ground for door and window automation solutions,From 2017 to 2021, demand for door and window automation systems expanded at a CAGR of 4%. During the COVID-19 pandemic, prospects declined significantly, as mandatory lockdowns led to shutting down of industrial facilities. However, since mid-2021, prospects began to rebound.
Sensors for smoke, rain, wind, and carbon dioxide are installed indoor and window automation systems. As a result, the technology is gaining traction as the demand for advanced security systems for commercial and residential spaces grows.
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Key Segments in Door and Window Automation Industry Research
By Product
Automated Industrial Doors
Automated Pedestrian Doors
Automated Windows
By Component
Door and Window Operators
Door and Window Motors & Actuators
Door and Window Sensors & Detectors
Door and Window Access Control Systems
Door and Window Switches
Door and Window Alarms
Door and Window Control Panels
By Application
Residential Buildings
Education Buildings
Hotels & Restaurants
Industrial Buildings
Industrial Production Units
Airports
Healthcare Facilities
Public Transit Systems
Commercial Buildings
Entertainment Centers
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Key Takeaways from the Market Study
Global door and window automation market to reach US$ 14 Bn by 2022
By product, automated pedestrian doors to accumulate 33% revenue
Commercial buildings to emerge as dominant application sector, valued at US$ 8 Bn
Demand for door and window automation in industrial building to surge at more than 4% CAGR through 2032
Asia-Pacific to be the most opportunistic region, accumulating 40% revenue
Market value for door and window automation in the U.S to be valued at US$ 6.2 Bn in 2022
China to emerge as a lucrative market in Asia, accumulating over US$ 5 Bn by 2032
Competitive landscape
Assa Abloy acquired a majority stake in Agta Record (Switzerland) in August 2020, with approximately 93 percent of the share capital and voting rights. Agta Record is a global leader in the manufacture of automatic door systems. This acquisition will assist the company in expanding its door product portfolio and increasing its presence in the European region.
Allegion plc, a leading global security product and solutions provider, announced the acquisition of Yonomi in 2021. Yonomi's patented technology and technical capabilities will be used to enhance Allegion's vision of seamless access while also improving software development capabilities.
Builders FirstSource Inc. completed the merger with BMC Stock Holdings in January 2021 to become the country's premier supplier of a wide range of building materials and services.
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