Gate Openers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Gate Openers Market
The gate opener’s market size was valued at USD 2.41 billion in 2020, and the market is now projected to grow from USD 2.49 billion in 2021, to USD 3.43 billion in 2028 exhibiting a CAGR of 4.6% during the forecast period of 2024-2032.
The market of gate openers experienced changes as the result of the COVID-19 pandemic with both threats and SWOT factors. At the beginning of the year, disruptions in supply chains and fluctuations in the economy limited the companies’ productivity and demand across the markets. However, as more procedures and practices were shifted toward the safe and automated model during lockdowns, the next demand was for automatic gate openers, primarily for residential and commercial use. The desire for a contactless system after the Covid-19 outbreak and other concerns regarding cleanliness also led the way for a complete automation. While measures began to unclamp the market’s performance, stability was evident coupled with growth expectations based on need for convenience and security.
This report also identifies several trends that are developing in the gate openers market, which are mainly associated with the technology changes and shifts in consumer behavior. Advanced automation is on the rise, such that controls are connected within IoT frameworks, meaning that the devices are controlled through an app from a smartphone or smart speaker. There is a recent demand for energy efficient and solar powered gate operators because of increasing awareness of environmental impacts. Also growing need for access control mainly through touchless devices including key panels and bio metrics are influencing the market. Some of them are satellite receivers, park home options, one touch convenience, security, improved design gate openers for homes and all other business forms. Thus, all the above mentioned factors are contributing towards gate opener’s market growth.
The following factors can be said to be the primary drivers of the growth of gate openers market. Automated system is centralized and this has seen it be adopted easily owing to enhanced security and access when compared with traditional type of systems which are widely used in residential and commercial premises. This push for efficiency also affects the sales of solar and green models of the product. Furthermore, demands for new constructions and renovated buildings are meeting growth in urban areas and increased disposable income on consumers to require more automatic gate systems.
Comprehensive Analysis Gate Openers Market
Gate openers market is divided by product type, applications and geographic region. Available based on product types such as linear ram, underground, articulated ram, sliding and other unique models for various installation situations and space measurements. For application the market is segmented into residential, commercial, industrial and other segments where each segment requires automatic solutions based on the security requirement and convenience. On a geographic basis, the market has demonstrated its existence in areas like North America, Europe, Asia-Pacific, and several others for which the growth differs depending on regional trends and infrastructure.
The global leaders in the gate openers market are the North American countries due to their desire for better security systems and automation in all sections of the community. Strengthening technological development and increasing the number of smart home devices contribute to rising market growth in the region. Another factor, which contributes to the market growth, it is the location of key manufacturers and the general tendency to produce environmentally friendly and energy-saving gate openers. Further, the systematic construction and real estate industry in North America together with the increasing urbanization and per capita income will further help the region to maintain the superior position in the gate openers market.
Key players in this sector include Assa Abloy AB (Sweden), Allegion (Ireland), Somfy (Cluses, France), Came S.p.A. (Italy), FAAC SPA (Italy), Chamberlain Group (CGI) (U.S.), dormakaba Group (Switzerland), GEZE GmbH (Germany)
For 2024, the market of gate openers has significant growth tendencies associated with smart and energy-saving devices. The IoT and compatibility with voice assistants make smart gate openers more popular due to their practicality and the level of security. Solar as considerably power supply option also seems to be on the rise as more consumers look to save on electricity and overheating costs. Also, the use of biometric and keyless entry systems due to gains made in contactless transactions continues to be sought after. He presented these innovations to shareholders that meet consumers’ desire for automatic control and operation, low impact on the environment, and high levels of safety to propel the market toward offering better and more sustainable auto gate opener systems.
Segmentation Table
ATTRIBUTE DETAILS
Study Period2017-2028
Base Year2020
Estimated Year 2021
Forecast Period2021-2028
Historical Period2017-2019
UnitValue (USD billion)
SegmentationProduct Type, Application, and Region
By Product TypeLinear Ram
Underground
Articulated Ram
Sliding
Others
By ApplicationResidential
Commercial
Industrial
Others
By RegionNorth America (By Product Type, Application, and Country)
U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
Europe (By Product Type, Application, and Country)
U.K. (By Product Type)
Germany (By Product Type)
France (By Product Type)
Italy (By Product Type)
Spain (By Product Type)
Russia (By Product Type)
BENELUX (By Product Type)
Nordics (By Product Type)
Rest of Europe
Asia Pacific (By Product Type, Application, and Country)
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
South Korea (By Product Type)
ASEAN Countries (By Product Type)
Australia (By Product Type)
Rest of Asia Pacific
Middle East & Africa (By Product Type, Application, and Country)
GCC (By Product Type)
South Africa (By Product Type)
Rest of the Middle East & Africa
South America (By Product Type, Application, and Country)
Brazil (By Product Type)
Argentina (By Product Type)
Colombia (By Product Type)
Rest of South America