Revolving Doors Market By Operation (Manual, Automatic), By Product Type (Three wings, Four wings, Others), By End-Users (Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global revolving doors market was valued at $908.6 million in 2021, and is projected to reach $1,423.02 million by 2031, registering a CAGR of 4.5% from 2022 to 2031. Revolving door consists of three or four doors that hang on a central shaft and rotate around the vertical axis within a cylindrical enclosure. It is an energy efficient door as it prevents drafts, therefore, decreasing the loss of heating and cooling for the building. Revolving door is designed to allow easy passage of multiple people in one go, which is not possible with a sliding or a swing door. Also, it can handle higher capacity applications including universities, healthcare facilities, and airport terminals.
Rise in construction activities across various regions such as Europe & Asia-Pacific and increase in demand for high appealing designs for buildings are expected to fuel the global revolving doors market growth. Revolving doors are presently being used in the industrial and commercial projects. Increased urbanization is presently being witnessed in emerging countries such as China, India, and others, due to exponential growth in population. Thus, fast-paced urbanization results in increased government and consumer spending in residential and infrastructure construction, which significantly boosts the growth of the revolving doors market.
Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of revolving doors market. For instance, in September 2021, ASSA ABLOY signed an agreement for the acquisition of AM Group. AM Group is based in Australia, and is a global provider of industrial doors with entrance automation. The acquisition has enhanced ASSA ALOY’s product portfolio for industrial door systems. This is expected to improve the product portfolio of the company.
The global revolving doors market is segmented on the basis of operation, product type, end user and region. On the basis of operation, the market is segmented into manual and automatic. In 2021, the automatic segment accounted for the largest share of 67% of the overall revolving doors market.
Based on product type, the revolving doors market is segmented into three wings, four wings and others. The three wings segment held the largest market share of 46% in 2021. On the basis of end user, the market is categorized into commercial and Industrial. The commercial segment held the largest market share of 80% of the revolving doors market in 2021.
The COVID-19 pandemic forced many companies in the global revolving doors market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacted revenue flow of the global revolving doors market. In addition, there was a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments were received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months affected the global revolving doors market and the market is anticipated to witness a slow recovery during the forecast period.
The key players profiled in the revolving doors market report include Assa Abloy Group, Auto Ingress, Deutschtec GmbH, Dormakaba Holding AG, DSS Automatic Doors, ERREKA Group, Grupsa Door System, GEZE GmbH, Landert Group AG, Manusa GEST, S.L, Nabtesco Corporation, PORTALP, Royal Boon Edam International B.V., Stanley Black & Decker, Inc., Sanwa Holdings Corporation.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging global revolving doors market trends and dynamics.
The revolving market analysis is conducted by the estimations for the key market segments between 2021 and 2031.
Extensive analysis of the global revolving doors market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global revolving doors market forecast analysis from 2022 to 2031 is included in the report.
The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global revolving doors market.
Key Market Segments
By Operation
Manual
Automatic
By Product Type
Three wings
Four wings
Others
By End-Users
Commercial
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ASSA ABLOY Group
Stanley Black & Decker, Inc.
Sanwa Holdings Corporation
Auto Ingress
Deutschtec GmbH
Dormakaba Holding AG
DSS Automatic Doors
ERREKA Group
Grupsa Door System
GEZE GmbH
Landert Group AG
Manusa GEST, S.L
Nabtesco Corporation
PORTALP
Royal Boon Edam International B.V.
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