Automatic Garage Door Market Forecasts to 2030 – Global Analysis By Type (Sectional Door, Roller Garage, Overhead Door, Up-and-Over, Side-Hinged and Other Types), Controller Type, Material Type, End User, and By Geography

Automatic Garage Door Market Forecasts to 2030 – Global Analysis By Type (Sectional Door, Roller Garage, Overhead Door, Up-and-Over, Side-Hinged and Other Types), Controller Type, Material Type, End User, and By Geography

According to Stratistics MRC, the Global Automatic Garage Door Market is accounted for $2.5 billion in 2023 and is expected to reach $4.1 billion by 2030 growing at a CAGR of 7.2% during the forecast period. An automatic garage door is a motorized entry system installed in garages for convenient vehicle access. It consists of panels or a single solid door that can be raised or lowered remotely via a control device, typically a remote control or a keypad. These doors operate on mechanisms such as rollers, tracks, and springs to facilitate smooth movement, which contributes to the efficiency and ease of accessing and securing vehicles and belongings stored in the garage.

Market Dynamics:

Driver:

Rising urbanization

As more people migrate to urban areas, there is a corresponding increase in the demand for modern housing solutions that offer convenience, security, and space optimization. Additionally, the fast-paced urban lifestyle encourages the adoption of time-saving technologies that simplify daily routines. These also offer a hassle-free solution for homeowners, allowing them to open and close their garage doors with the touch of a button, which is driving up this market.

Restraint:

High initial cost

The cost of the automatic garage door itself is a primary factor contributing to the high initial cost. These doors are typically made of durable materials such as steel or aluminum, which drive up the price of the doors, making them more expensive than traditional manual garage doors. Furthermore, they may offer features such as remote control operation, smartphone integration, and advanced security systems. These added functionalities come at an extra cost, making the overall system more expensive, which can hamper market growth.

Opportunity:

Technological advancements

Advancements in sensor technology contribute to improved safety features in automatic garage doors. These advancements continuously enhance the functionality, convenience, and security features of automatic garage door systems, making them more appealing to consumers. Furthermore, ongoing innovations in materials and manufacturing processes lead to more durable, energy-efficient, and aesthetically pleasing garage door designs, further expanding the size of this market.

Threat:

Lack of standardization

The absence of standardized dimensions and specifications for automatic garage doors makes it difficult for manufacturers to produce interchangeable components, making it challenging to find compatible replacement parts or upgrade existing systems. The lack of standardization can lead to inconsistencies in installation practices. Without clear guidelines, installers may follow different methods, affecting performance and long-term durability, which is impeding this market expansion.

Covid-19 Impact

The COVID-19 pandemic has had negative impacts on the automatic garage door market, affecting various aspects of the industry. Many individuals and businesses have faced financial challenges, resulting in a decline in new construction projects and renovations. Furthermore, the pandemic has created challenges in providing installation and maintenance services and limited service availability, further impacting the market.

The roller garage segment is expected to be the largest during the forecast period

The roller garage segment is estimated to hold the largest share due to its consisting of horizontal slats or panels that roll up vertically into a compact coil above the opening, providing ample space for parking and storage within the garage. This convenience appeals to homeowners seeking hassle-free access to their garages without the need for manual effort. Moreover, it is characterized by its versatility, accommodating various architectural styles and garage configurations, which significantly boost this segment’s expansion.

The wi-fi segment is expected to have the highest CAGR during the forecast period

The wi-fi segment is anticipated to have highest CAGR during the forecast period due to a significant advancement in technology, offering users enhanced connectivity and control over their garage door systems. Moreover, Wi-Fi-enabled garage door openers often integrate with smart home ecosystems, allowing for seamless automation and integration with other smart devices such as voice assistants, security cameras, and home automation systems, thereby propelling this segment’s expansion.

Region with largest share:

Europe commanded the largest market share during the extrapolated period owing to factors such as urbanization, increasing disposable income, and the emphasis on home automation. This region is home to some of the major players, such as Wayne Dalton, Martin Door Manufacturing, Chamberlain Group, and Steel-Line Garage Doors. Furthermore, regulatory standards and environmental concerns also influence the European market, which is driving this region further.

Region with highest CAGR:

Asia Pacific is expected to witness highest CAGR over the projection period, owing to the increasing construction of residential complexes and high-rise buildings due to their space-saving benefits and ease of operation. Countries like China, India, Japan, and South Korea adopt modern living standards to enhance the functionality and aesthetics of residential properties. Furthermore, technological advancements, such as the integration of smart home features, remote access capabilities, and energy-efficient designs, are driving innovation in this region.

Key players in the market

Some of the key players in the Automatic Garage Door Market include Chamberlain Group, Raynor Garage Doors, Martin Door Manufacturing, Assa Abloy AB, Safe-Way Door, Overhead Door Corporation, Wayne Dalton, Garaga Inc. and Steel-Line Garage Doors.

Key Developments:

In March 2023, Wayne Dalton® introduced new commercial Rolling Steel Storm Shelter Doors, which are designed to meet rigorous standards for inclement weather conditions, fires, and break-ins.
In March 2021, Wayne Dalton, a leading manufacturer of residential and commercial door solutions, has released a new stainless steel upgrade package for Model 881 ADV-Xtreme.

Types Covered:
• Sectional Door
• Roller Garage
• Overhead Door
• Up-and-Over
• Side-Hinged
• Other Types

Controller Types Covered:
• Bluetooth
• Wi-Fi
• Other Controller Types

Material Types Covered:
• Aluminum
• Composite
• Steel
• Wood
• Other Material Types

End Users Covered:
• Residential
• Commercial
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements