Automatic Gate and Door Opening System Market Overview
The extensive study of the global Automatic Gate and Door Opening System Market indicates that the market is expected to grow at a CAGR (Compound Annual Growth Rate) of 7.1%. The market is expected to reach USD 18 million by the end of 2028.
Automatic gates or doors are used to enhance the security of space. They are used to restrict unauthorized people from entering a place. These doors use active and passive security devices and are available in many forms, such as doors, gates, shutters, garage doors, etc. These gates are opened and closed without any human intervention. These automatic gates or doors use different types of sensors, such as PIR, radar, and laser.
Rapid industrialization and continuous growth of the real estate sector would contribute to the growth of the global Automatic Gate and Door Opening System Market in the coming years. Though, the cost of operation of these doors and gates is low, but installation charge is quite high. The high cost of installation of these gates and doors is the main growth restraint of this market.
Automatic Gate and Door Opening System Market Segmentation
The Automatic Gate and Door Opening System Market is segmented based on gate type, access control, end-users and region. The access control sector is expected to grow significantly during the forecast period 2022-28.
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Based on access control, the market is further divided into fingerprint identification, voice recognition, card tag system, iris scan system, remote control system, keypad systems, and telephone access systems.
Based on gate type, this market is further divided into sliding gates, shutter gates, swinging gates, bollards, and others.
Based on end-users, the market is further divided into industrial, commercial, residential, transportation, military, and others.
Automatic Gate and Door Opening System Market Regional Classification
The global Automatic Gate and Door Opening System Market is divided into four regions- Europe, Asia-Pacific, North America, and the rest of the world. North America holds the maximum share of this market due to increasing demand for industrial, commercial, and residential automation. This region has many key players which attributes to the growth of this market.
Europe is also going to show significant growth in the Automatic Gate and Door Opening System Market in the coming years owing to increasing use of automatic doors in many sectors such as industrial and defence.
With rapid urbanization, the demand for automatic doors is rising, which will contribute to the growth of this sector in the near future.
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Automatic Gate and Door Opening System Market Industry News
There are many key players in the Automatic Gate and Door Opening System Market. There is stiff competition among the companies. They take up strategies, such as mergers, acquisitions, partnerships, etc. to remain ahead of the competitors. New product launches and opening up of branches in different locations also ensure that the Automatic Gate and Door Opening System Market Key Players have a large customer base.
In 2019 November, Ken Wan Company launched the gs700 series of sliding doors to ensure these doors work smoothly and safely without bouncing.
In October 2018, BENINCA Group introduced a series of High Motion Telescopic and Fast Motors gates.
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Table Of Content
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 13
1.1.1 GLOBAL AUTOMATIC GATE AND DOOR OPENING SYSTEM MARKET, BY ACCESS CONTROL SYSTEM 14
1.1.2 GLOBAL AUTOMATIC GATE AND DOOR OPENING SYSTEM MARKET, BY GATE TYPE 15
1.1.3 GLOBAL AUTOMATIC GATE AND DOOR OPENING SYSTEM MARKET, BY END-USER 16
1.1.4 GLOBAL AUTOMATIC GATE AND DOOR OPENING SYSTEM MARKET, BY REGION 17
2 MARKET INTRODUCTION
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 19
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 20
3.2 PRIMARY RESEARCH 21
3.3 SECONDARY RESEARCH 22
3.4 MARKET SIZE ESTIMATION 23
3.5 FORECAST MODEL 25
3.6 LIST OF ASSUMPTIONS 25