The automatic doors market share is expected to post an incremental growth of USD 1.24 billion, progressing at a CAGR of 6.46% during the forecast period. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Automatic Doors Market Analysis Report 2022-2026: View FREE Sample Report
One of the primary factors that will trigger the growth of the automatic doors market size is the construction market gaining traction. Strong demand for automatic doors from the retail segment owing to factors such as growth in both offline and online retail, strong economic growth, and increasing consumer confidence are primary factors propelling the growth in retail. Technavio's research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The automatic doors market report aims to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their businesses.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Agta record Ltd, ASSA ABLOY AB, Auto Ingress Pty Ltd, Deutscher Bundesjugendring, Deutschtec GmbH, Dormakaba International Holding AG, FAAC Spa, GEZE GmbH, KBB International Co. Ltd, KONE Corp, Landert Group AG, MANUSA GEST SL, Nabtesco Corp, Ningbo Meibisheng Auto Co. Ltd., Ningbo Ownic Technology Door Ltd, Ozone Overseas Pvt. Ltd, PortaFab Corp, Royal Boon Edam International BV, STANLEY Access Technologies LLC, and Vina Sanwa. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report
