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Automatic Garage Door Operator Market Size Forecasted To Achieve $3.58 Billion By 2029 With Steady Growth
Automatic Garage Door Operator Market Size
What Is the Automatic Garage Door Operator Market Size and Projected Growth Rate?
The market for automatic garage door operators has seen significant growth in recent years. The market is projected to expand from a value of $2.75 billion in 2024 to $2.93 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The surge in growth during the historic period has been driven by factors such as urbanization, increase in vehicle ownership, a trend towards home automation, higher disposable incomes, and increasing awareness around security issues.
In the forthcoming years, the sector of automatic garage door operators is anticipated to experience robust growth. It is projected to balloon to $3.58 billion by 2029, boasting a compound annual growth rate (CAGR) of 5.2%. The upcoming growth can be ascribed to factors such as IoT and connectivity advancements, uptake of smart home innovations, the boom in the construction sector, requirements of an aging populace, and regulatory shifts advocating energy efficiency. Key trends during the forecast period entail the integration with home security networks, the advent of AI-driven functionalities, the blossoming of subscription-oriented services, customization & personalization amenities, as well as sustainable and environment-friendly solutions.
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What Are the Major Segments in the Automatic Garage Door Operator Market?
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
Subsegments:
1) By Screw Drive: Direct Drive Screw Operators, Lifting Screw Operators
2) By Chain Drive: Standard Chain Drive Operators, Heavy-Duty Chain Drive Operators
3) By Belt Drive: Standard Belt Drive Operators, Heavy-Duty Belt Drive Operators
4) By Other Opener Types: Jackshaft Operators, Smart Operators
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What Are The Driving Automatic Garage Door Operator Market Evolution?
The automatic garage door operator market is expected to grow due to a thriving construction industry and increasing residential building projects. The construction field is vast, including different sectors like residential building, which centers around the building of houses, apartments, and other human residences. Urbanization, infrastructure development, economic advancements, and strategic government projects are contributing to its growth. Automatic garage door operators contribute to optimizing construction by providing fast, secure, and remote access to buildings and storage spaces, thus making operations more efficient and safety foolproof. To illustrate, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, which are American government organizations, reported in January 2024 that the completion of housing units rose by 4.5% in 2023, resulting in a total of 1,452,500 units finished, compared to 1,390,500 units in 2022. Hence, the flourishing construction trade and residential building ventures are fueling the expansion of the automatic garage door operator market.
Which Firms Dominate The Automatic Garage Door Operator Market Segments?
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
What Trends Are Expected to Dominate the Automatic Garage Door Operator Market in the Next 5 Years?
Key players in the automatic garage door operator market are focusing on product innovation, like the Legacy 850 Models 2129L and 2129BL, to retain a strong market position. This model includes a 24V DC motor with adjustable rates, allowing for efficient and silent functionality and thus positioning it as an ideal garage door opener. For instance, in March 2023, the Legacy 850 Models 2129L and 2129BL were launched by Overhead Door Corporation, a US entity specializing in residential and commercial door systems. These garage door opener models come with standard features including integrated OHD Anywhere Wi-Fi and smartphone control, along with battery backup. These models offer users advanced functionality to operate their garage doors safely and conveniently. The Legacy 850 garage door opener is engineered to deliver reliability, power, and silent operation, making it apt for most residential sectional garage doors with a weight limit of up to 500 lbs.
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Which Is The Largest Region In The Automatic Garage Door Operator Market?
North America was the largest region in the automatic garage door operator market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automatic Garage Door Operator Market?
2. What is the CAGR expected in the Automatic Garage Door Operator Market?
3. What Are the Key Innovations Transforming the Automatic Garage Door Operator Industry?
4. Which Region Is Leading the Automatic Garage Door Operator Market?
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