Global Automatic Door Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automatic Door Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Automatic Door market finds that the global Automatic Door market reached a value of USD 5055.39 million in 2022. It’s expected that the market will achieve USD 6298.62 million by 2028, exhibiting a CAGR of 3.73% during the forecast period.

Automatic Door Market Challenges

High maintenance and repair cost of automatic doors is expected to be a major challenge dragging the growth of the global automatic door control market. The average automatic door needs to be inspected by a professional once every 6 months. These routine inspections allow professionals to diagnose whether an automatic door requires immediate corrective action, routine maintenance, or extensive maintenance. In places with higher foot traffic, this means more frequent repairs may be required. Regular maintenance and upkeep is required to ensure they are working properly, otherwise the owner of the automatic door may be held responsible for any injury or difficulty caused by the automatic door not functioning properly. The cost of automatic door repair and installation varies by size. The larger the automatic door, the higher the cost because of the more area that needs to be covered during the inspection process. The cost of repairs and scheduled maintenance may hinder the growth of the industry.

Rising prices of raw materials such as metals and glass are expected to hinder the market growth to some extent. The World Bank's metals and minerals price index stabilized at the end of 2021, but remains more than 35% higher than a year ago. Metal prices were supported throughout the year due to supply cuts due to energy shortages and transportation bottlenecks, as well as strong demand. Glass prices are also affected by rising prices of raw materials such as silica and dolomite, as well as supply chain issues. Temporary increases in the prices of raw materials for automatic doors will reduce demand and may offset some of the future growth of this market. Rising input prices could significantly affect the fortunes of manufacturers by cutting profits and delaying the start of production.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Assa Abloy, Nabtesco, dormakaba with the revenue market share of 17.82%, 13.65%, 6.04% in 2020.

Assa Abloy Group is a global leader in access solutions. Assa Abloy is an automatic door manufacturing company. Products include automatic doors, industrial doors, high performance doors, hangar doors, loading dock equipment. Products are widely used in activities, hospitals, homes, hotels, airports.

Nabtesco provides innovative and high-quality people flow solutions that create a more comfortable, efficient and barrier-free environment for everyday life. Nabtesco serves four major global markets in a unique way; Japan, Europe, North America and China, with the famous NABCO GILGEN brand. Nabteso is also a pioneer and global leader in automatic platform gates in railway stations, designed to provide a safe environment for travelers.

Segmentation Overview:

Among different product types, Automatic Sliding Door segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Retail Store segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automatic Door market covered in Chapter 3:

Stanley
DSS Automatic Doors
Sane Boon
Horton Automatics
Nabtesco
Ningbo Ownic
Grupsa
record Group
Auto Ingress
KBB
dormakaba
ERREKA
TORMAX
Meibisheng
GEZE
Shanghai PAD
RUBEK
Assa Abloy
Portalp
DB Auto Door
Boon Edam
Panasonic
Dream
Deper

In Chapter 4 and Chapter 14.2, on the basis of types, the Automatic Door market from 2018 to 2029 is primarily split into:

Automatic Sliding Door
Automatic Revolving Door
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automatic Door market from 2018 to 2029 covers:

Hospital
Airports
Retail Store
Hotels
Office Building
Government Institution
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)