Gate Openers Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Chamberlain Group, Overhead Door Corporation, Assa Abloy AB, The Nice Group

"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.

Gate Openers 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 $2.06 billion In 2028 At A CAGR Of 5.8% :

The gate openers market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growing introduction of telescopic gates, growth in the construction industry and increasing incidences of theft..

The gate openers market size is expected to see strong growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing investments for home remodeling and renovation activities and rising infrastructure investment. Major trends in the forecast period include research and development for technological product advancements to gain a competitive edge in the market, focus on the launch of new products to provide durable and reliable security and focus on strategic acquisitions to improve their financial strength, strengthen their product portfolio and expand their geographical presence in the market.

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Gate Openers Market Major Segments
The gate openers market covered in this report is segmented -

1) By Type: Sliding Gate Openers, Swing Gate Openers, Overhead Gate Openers
2) By Product Type: Linear Ram, Underground, Articulated Ram, Sliding, Other Product Types
3) By Application: Residential, Commercial, Industrial, Other Applications

Key Driver - Rising Home Automation Drives Expansion In Gate Opener Market

The growing popularity of home automation is driving the growth of the gate opener market going forward. Home automation refers to the network of hardware, communication, and electronic interfaces that connects commonplace products over the internet, in which each item contains sensors and WiFi-connected to control the home via smartphone or tablet remotely. This speeds up mundane tasks, allowing the user increased comfort and convenience. Gate openers in home automation help with advanced control of gates conveniently in remote accessing such as in controlling the gates/garages while arriving or leaving and also to control access of visitors. For instance, according to FutureIoT, a Singapore-based IoT publication, in 2022 more than 54% of US households have at least one smart home gadget, making smart homes the norm due to ease of use, extreme convenience, and an increased sense of security. Additionally, the adoption rates of smart homes have reached 50% in the UK, 40% in Germany, and 38% in France. Therefore, the growing popularity of home automation is expected to propel the growth of the gate opener market.

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Prominent Trend - Liftmaster Introduces Heavy-Duty Industrial Slide Gate Operator

Technological advancement is the key trend that is gaining popularity in the gate opener market going forward. Major companies operating in the market are focused on research and development for product advancements to gain a competitive edge in the market. For instance, in July 2022, LiftMaster, a US-based company operating in the designing and engineering of residential gate openers, commercial gate operators, and gate entry systems, introduced IHSL24UL, a heavy-duty slide gate operator for moving the largest and heaviest gates used in industrial and guarded industrial applications. IHSL24UL industrial operator is capable of sliding gates up to 5,500 pounds and 90 feet long. Additionally, IHSL24UL consist of heavy-duty driving systems and brushless DC motors which offers high push power with industrial robustness to satisfy the requirements of Class III & IV applications such as manufacturing, transportation, municipality, utility, and warehouse environments.

Gate Openers Market Players
Major companies operating in the gate openers market report are Chamberlain Group, Overhead Door Corporation, Assa Abloy AB, The Nice Group, Hy-Security Gate Inc.,DoorKing Inc., Bisen Smart Access Co Ltd., Zhejiang Xianfeng Machinery Co Ltd., FAAC SPA, US Automatic LLC, Giant Alarm System Co., Ltd, Suyuan International Limited, E-Power Industries Limited, Lift Master, ABA Automatic Gates, Fujian province, Automatizaciones Samson S.A, Door Superstore, TOPENS, Arami S.A., London Door Company, Solidor, Cerberus Doors, Doortal, Hörmann, SECO GROUP, Smart Gate Solutions, DEA System S.p.A, RCG Electronics, Vitralu, Sputnik LLC, BFT Mexico, RIB Mexico, Rozziere, AUTOMATIC GATES-2000 LLC, Mighty Mule, Linear LLC, Stanley Access Technologies, GateMaster, Super Lift S.A.C., GTO Access Systems, PPA S.A, Innovación Electrónica, Puertas Batientes S.R.L, CAME Group Colombia, Al-Bahar Gate Automation, Toshiba Johnson Elevators Qatar, BENINCA Group Israel, Sigma Egypt, Alba Smart Solutions Kenya, Egyptian Gate Systems, Prosecure Nigeria Limited, ET Systems, Centurion Systems

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the gate openers market in 2023. The regions covered in the gate openers 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. Gate Openers Market Report Structure
3. Gate Openers Market Trends And Strategies
4. Gate Openers Market - Macro Economic Scenario
5. Gate Openers Market Size And Growth
…..
27. Gate Openers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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