Automatic Garage Door Operator Market Share, Trend Analysis, Key Drivers, Size And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Automatic Garage Door Operator Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.41 billion In 2028 At A CAGR Of 5.5% :

The automatic garage door operator market size has grown strongly in recent years. It will grow from $2.57 billion in 2023 to $2.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urbanization, increasing number of vehicles, home automation trends, rising disposable income, growing awareness of security concerns.

The automatic garage door operator market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to advancements in IoT and connectivity, adoption of smart home technologies, expansion of construction industry, aging population and accessibility needs, regulatory changes promoting energy efficiency. Major trends in the forecast period include integration with home security systems, emergence of AI-powered features, growth of subscription-based services, customization and personalization options, sustainable and eco-friendly solutions.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14047&type=smp

Automatic Garage Door Operator Market Major Segments
The automatic garage door operator market covered in this report is segmented -

1) By Opener Type: Screw Drive, Chain Drive, Belt Drive, Other Opener Types
2) By Sensor Type: Infrared Sensor, Photoelectric Sensor
3) By Controller Type: Wi-Fi, Bluetooth
4) By Installation Type: New Construction, Replacement
5) By End User: Residential, Commercial

Key Driver - Rise Of Automatic Garage Door Operators In The Expanding Construction Industry

The growing construction industry and residential building projects are expected to propel the growth of the automatic garage door operator market going forward. The construction industry encompasses various sectors, with residential buildings specifically focusing on the construction of homes, apartments, and other dwellings intended for human habitation. They are on the rise due to urban development, infrastructure expansion, economic growth, and targeted government initiatives. An automatic garage door operator enhances construction efficiency by enabling quick, secure, and remote access to buildings and storage areas, streamlining operations and improving safety. For instance, in January 2024, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government agencies, in 2023, there was a 4.5% increase in the completion of housing units, with a total of 1,452,500 units finished, up from 1,390,500 units in 2022. Therefore, the growing construction industry and residential building projects are driving the automatic garage door operator market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14047&type=smp

Prominent Trend - Overhead Door Corporation Launches Innovative Legacy 850 Garage Door Opener

Major companies operating in the automatic garage door operator market are focused on developing innovative products such as the Legacy 850 Models 2129L and 2129BL to hold significant positions in the market. It features a 24V DC motor with adjustable speeds for efficient and quiet operation, making it an excellent choice for a garage door opener. For instance, in March 2023, Overhead Door Corporation, a US-based company that specializes in residential and commercial door systems, launched the Legacy 850 Models 2129L and 2129BL. The Legacy 850 Models 2129L and 2129BL are garage door opener models that come standard with integrated OHD Anywhere Wi-Fi and smartphone control capabilities, as well as battery backup. These models provide users with advanced features for convenient and secure operation of their garage doors. The Legacy 850 garage door opener is designed to offer reliability, power, and quiet operation, making it suitable for most residential sectional garage doors weighing up to 500 lbs

Automatic Garage Door Operator Market Players
Major companies operating in the automatic garage door operator market are Assa Abloy AB, Dormakaba Holding AG, Ryobi Limited, Overhead Door Corporation, Chamberlain Group LLC, Nortek Security & Control LLC, Novoferm GmbH, Hörmann International GmbH, GEZE GmbH, Clopay Corporation, CAME S.p.A., Stanley Access Technologies, FAAC SPA, Garaga Inc., Raynor Garage Doors, SOMMER Antriebs- und Funktechnik GmbH, Skylinkhome, Nabco Ltd., GfA Elektromaten GmbH, Marantec GmbH & Co. KG, Superlift Garage Door Openers Pty. Ltd., Gryphon Garage Doors, Guardian Access & Door Hardware, Dalian Seaside Co. Ltd., Kruzik s.r.o

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/automatic-garage-door-operator-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the automatic garage door operator market in 2023. The regions covered in the automatic garage door operator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automatic Garage Door Operator Market Report Structure
3. Automatic Garage Door Operator Market Trends And Strategies
4. Automatic Garage Door Operator Market - Macro Economic Scenario
5. Automatic Garage Door Operator Market Size And Growth
…..
27. Automatic Garage Door Operator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.