Rapid urbanization, industrialization, and increased construction and home remodeling spending drive the growth of the global automatic door market

WILMINGTON, DE, UNITED STATES, November 8, 2024 /EINPresswire.com/ -- Allied Market Research published a report titled "𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐜 𝐃𝐨𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 by Type (Sliding, Swinging, Folding, and Others) and End User (Commercial, Industrial, and Residential): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global automatic door market, which was valued at $22.40 billion in 2018, is projected to reach $41.74 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.8% from 2019 to 2026.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/3158

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The growth of the automatic door market is being driven by several key factors, including rapid urbanization, industrialization, and increased spending on both residential and non-residential construction. The rise in home remodeling projects also contributes to the demand for automatic doors. However, there are some challenges, such as high initial installation costs and limited demand for automation in smaller or emerging economies, which may hinder growth in certain regions. On the positive side, the increasing need for enhanced safety and security presents significant opportunities for the automatic door market. As businesses and homeowners prioritize security, the demand for reliable, efficient, and secure automatic doors is expected to surge.

𝐓𝐡𝐞 𝐒𝐥𝐢𝐝𝐢𝐧𝐠 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐛𝐲 𝟐𝟎𝟐𝟔:

In terms of product type, the sliding segment dominated the global automatic door market in 2018, holding more than two-fifths of the total market share. This segment is projected to maintain its dominance during the forecast period and is expected to grow at the fastest rate, with a CAGR of 8.4% by 2026. The growth of the sliding door segment is largely attributed to the increase in new construction projects and the rising trend of home improvement, where sliding doors are favored for their space-saving and aesthetic benefits.

𝐓𝐡𝐞 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐓𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝:

The commercial segment was the largest end-user category in 2018, accounting for nearly half of the market share. Automatic doors with swinging and sliding mechanisms are frequently installed during the construction of commercial buildings, not only for their convenience but also to enhance the building's overall appearance and functionality. This trend is expected to continue, driving the commercial segment's dominance in the market. In contrast, the residential segment is anticipated to experience the fastest growth rate, with a projected CAGR of 8.7% from 2019 to 2026. This growth is driven by increased demand for residential buildings and a rise in consumer spending on home improvement projects, including the installation of automatic doors for enhanced convenience and security.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐑𝐞𝐦𝐚𝐢𝐧 𝐭𝐡𝐞 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:

Regionally, Asia-Pacific, followed by Europe and North America, accounted for nearly half of the global automatic door market revenue in 2018 and is expected to retain its leadership position through 2026. The region is also projected to exhibit the fastest CAGR of 9.1% during the forecast period. Several factors contribute to the growth of the market in Asia-Pacific, including strong economic growth, rapid urbanization, and a rising population, all of which fuel the demand for both residential and commercial properties, thereby increasing the adoption of automatic doors.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/3158

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The automatic door market is highly competitive, with several key players dominating the industry. Leading companies include:

Deutschtec GmbH
GEZE GmbH
Royal Boon Edam International B.V
MANUSA GEST, S.L.
Stanley Black & Decker, Inc.
ASSA ABLOY Group
Nabtesco Corporation
Rite-Hite Holding Corporation
dormakaba Holding AG
Sanwa Holdings Corporation
These companies are engaged in the development of innovative automatic door solutions and are continuously improving their product offerings to cater to the evolving needs of residential, commercial, and industrial users.

Construction news https://steemit.com/@vijayanalytics/posts
Construction Trending https://www.quora.com/profile/Vijay-Conma/posts
Construction blog https://vijayanalytics.blogspot.com/

David Correa
Allied Market Research
+ 1 800-792-5285
email us here
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.