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

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

A garage door opener is an electric device used to open and close a garage door controlled by a switch on the garage wall. Most also include a handheld radio remote control carried by the owner, which can be used to open and close doors from a short distance.

Market Overview:

The latest research study on the global Garage Door Opener market finds that the global Garage Door Opener market reached a value of USD 1212.46 million in 2022. It’s expected that the market will achieve USD 1952.16 million by 2028, exhibiting a CAGR of 8.26% during the forecast period.

COVID-19 Outbreak: Garage Door Opener Industry Impact

The accelerated spread of the global epidemic in 2020 will bring uncertainty to global economic growth. The domestic outbreak in China has been relatively effectively controlled since February; the global outbreak has continued to spread since March 2020 in Europe, the United States, India and other regions, and Italy, Spain, Germany, France and other places in Europe are more serious. With the spread of the epidemic, countries have issued relevant epidemic prevention and control measures, such as lockdowns, suspension of work, suspension of classes, etc., and uncertainties in global economic development have increased, such as US stocks from March 9th to March 19th, 2020. Four fusing occurred in the last ten days. The outbreak of the global epidemic has brought certain impacts to various industries. As far as the garage door opener industry is concerned, the main impact during the epidemic is the temporary disruption of the supply chain and insufficient downstream demand. Affected by the epidemic, workers in various countries are forced to suspend work and production, upstream raw materials are not available due to the epidemic, and overseas orders of multinational companies may face the risk of compensation due to the epidemic. From the downstream point of view, the main manifestation is a decrease in demand. During the epidemic, people felt financially pressured to reduce the purchase of non-essential items. In addition, during the epidemic, people’s purchasing power for cars has generally declined, thereby reducing the demand for garage door openers. With the gradual improvement of the epidemic, the garage door opener industry is gradually recovering.

Region Overview:

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

Company Overview:

Chamberlain Group is one of the major players operating in the Garage Door Opener market, holding a share of 23.41% in 2021.

Chamberlain Group is mainly responsible for the design and design of residential garage door openers, commercial door operators and access control systems.

The Overhead Door™ brand is one of the most recognized and respected brands in the garage door industry. For 100 years, the Overhead Door™ brand has always stood for product quality and expertise as well as professional services. From commercial and industrial uplift doors and access systems to residential garage doors and openers, the combination of high-quality, reliable products and reliable services has always brought confidence and peace of mind to families and business owners.

Segmentation Overview:

Among different product types, Belt Drive Openers segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Home Garages segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Garage Door Opener market covered in Chapter 3:

ADH Guardian
Marantec
Skylink
SOMMER Group
Genie
Linear LLC
CAME
LiftLogix
Teckentrup
Hörmann
Dalian Seaside
Chamberlain Group
Raynor
Overhead Door
DECKO
Superlift
Foresee

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

Belt Drive Openers
Chain Drive Openers
Screw Drive Openers
Others

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

Home Garages
Underground & Collective Garages

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)