/Global Automatic Door Market Analysis, Trends and Forecast by 2026 | ASSA ABLOY Group, Deutschtec GmbH, dormakaba Holding AG, GEZE GmbH, MANUSA GEST
Global Automatic Door Market Analysis, Trends and Forecast by 2026 | ASSA ABLOY Group, Deutschtec GmbH, dormakaba Holding AG, GEZE GmbH, MANUSA GEST
The global Automatic Door Market is projected to reach $41,745.0 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026.
tusharMay 5, 2021
According to a new report published by Allied Market Research, titled, “
Automatic Door Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global Automatic Door Market size was valued at $2.2 billion in 2018, and is projected to reach $41.7 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026.
Automatic Doors Market: Product Landscape
Based on the product landscape, the swing doors segment is expected to post significant growth during the forecast period.
Automatic Doors Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 40% of the market’s overall growth is expected to originate from APAC. China is the key market for Automatic Doors in APAC.
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Technavio Research: Global Automatic Doors Market 2020-2024: Market Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio
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Technavio has announced its latest market research report titled Global Automatic Doors Market 2020-2024 (Graphic: Business Wire)
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The growing construction market is one of the major factors propelling market growth. However, factors such as operational and cost-related challenges will hamper the market growth.
More details: https://www.technavio.com/report/automatic-doors-market-industry-analysis
Automatic Doors Market: Product Landscape
Based on the product landscape, the swing doors segment is expected to post significant growth during the forecast period.
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The global automatic door market grew at a CAGR of around 5% during 2014-2019. An automatic door opens and closes when it senses an individual approaching towards it and works based on the changes in sound, light, pressure and motion. It is fast, safe, secure, easy-to-operate, and noise-free and consumes less space, saves energy, provides a hygienic environment and enables easy access to the premises. Consequently, it is widely installed in the residential, commercial and industrial spaces, including hospitals, airports, offices, supermarkets, shopping centers and train stations.
In recent years, the significant growth in the construction industry has emerged as one of the key factors impelling the market growth. Automatic doors are gaining widespread adoption to provide secure and convenient door access to differently-abled individuals. Furthermore, these doors find extensive applications in the defense an