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Powered Gate Market Trends, Competitive Analysis, Research Report 2024
These are electronic automation device that electronically opens or close doors, windows, sunroof etc. Increasing demand of automation globally is rising adoption of these gates in automated applications.
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Surging adoption of luxury features in passenger cars will propel the demand of the product in forecast timeframe. Government spending on improving infrastructure along with modernizing localities is fueling infrastructure projects. This leads to implementation of automated gates, supporting powered gate market.
Based on product powered gate market is bifurcated as window, sunroof, rear gate, convertible roof, sliding gates and side doors. Power windows holds dominant market share in automated gates, as demand of automated windows is on rise in passenger vehicles that includes premium vehicle, commercial vehicles & electric hybrid vehicle.
Sunroof is the most preferred luxury feature in passenger cars including premium vehicle, hybrid & SUV vehicles. Majority of vehicle manufacturer install sunroof in most of the high-end luxury car segment. Improved awareness and rising disposable income of vehicle owners has boosted luxury cars sales, leading to growth in powered gate market.
Sliding doors will depict a substantial growth rate in near future for its rising adoption in most of commercial and industrial applications, these are most preferred in shopping malls, and commercial spaces. Enhanced living standard coupled with rising urbanization will fuel the trend of shopping among youngsters, propelling powered gate market.
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The market is segmented based on components such as switch electronic control unit, latch, motor/ actuator. Powered gate components are electronic devices that convert electric signal to mechanical energy for operating doors. Technologically advanced electronic latches are widely used in automated gate system.
Electronic control unit plays an important role in opening and closing function of doors. It has a wide application in automotive industry owing to its usage in brake control, transmission control, door control units. These benefits offered by electronic control unit will propel powered gate market in forecast time frame
Based on end-use industries, powered gate market is divided as automotive, industrial, residential, and retail. Automotive application of the product is estimated to hold dominant share during the forecast timeframe. These gates are widely installed in passenger & commercial vehicle. Boosting infrastructure activities such as building airports in developing countries is projected to drive powered gate market during the forecast period. There are around 400 airports operating globally and more airports are sanctioned to build in certain countries.
North America is expected to witness significant growth during the forecast timeframe owing to positive outlook of automated doors in its countries. The region has developed infrastructure with wide adoption of residential automation. Improved Further, U.S. is a hub for major pharmaceutical companies that deploy these powered gates for security and safety purpose. Rising food & beverage and aviation industry is anticipated to propel powered gates market in the region till 2024.
Europe is expected to register fastest growth in powered gate market due to its ever-increasing and well-established automobile industry. Germany is a hub for high-end luxury car manufacturers such as Volkswagen, Mercedes, etc. Growth in adoption of power windows in these cars will maintain the dominance of the region in powered gate market.
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Prominent manufacturers in powered gate market are Delphi automotive, Johnson Electric, Magna International, Mitsuba Corporation, Continental, Hella Kgaa Hueck, Panasonic Corporation, katres Automation, Benica Group, Life home Integration, King gate SRL. Aleko products. Manufacturers are focusing on improving technology coupled with power efficient products.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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