Asia Pacific Revolving Doors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Three Wings and Four Wings), Operation Type (Manual and Automatic), and Application (Commercial and Industrial)

Asia Pacific Revolving Doors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Three Wings and Four Wings), Operation Type (Manual and Automatic), and Application (Commercial and Industrial)

The Asia Pacific revolving doors market is expected to reach US$ 296.84 million by 2028 from US$ 211.29 million in 2021; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. APAC is characterized by emerging economies, such as China, India, South Korea, and Vietnam; vast industrialization; growing standard of living; growing GDP per capita; increasing foreign direct investments (FDIs) and foreign institutional investment (FIIs); the rising presence of large young population highly inclined toward adoption of new technologies; growing penetration of digitization; and favorable economies polices. The increasing industrialization, positive economic outlook, and large population are among the major factors propelling the region's construction sector. An increase in spending across the region for maintaining security in office premises across the commercial, industrial, and government sectors is driving the demand for advance screening revolving doors in APAC. For instance, in 2018, the Chinese Government increased its spending on domestic security. The country observed an increase in spending by 6.1% of the total defense budget for domestic security. Thus, an increase in government spending on domestic security is subsequently driving the adoption of advanced security systems across restricted areas, thereby creating favorable growth opportunities for the deployment of advanced revolving doors in the region.

Asia Pacific is characterized by a large number of developing countries, with positive economic outlook, high industrial presence, huge population, and rising disposable income. All these factors make it a major contributor to the revolving doors market. However, prolonged lockdown periods due to the COVID-19 pandemic resulted in a huge decline in the growth of the construction industry in the region in 2020. Many companies in the region discontinued their production activities in the initial phase of the pandemic to avoid the spread of the virus. This halt in production led to reduced supplies in various Asian countries, such as India and China. Moreover, maintaining the quality of the projects is one of the most important challenges faced by construction players in Asia Pacific as each country posed different regulatory framework. However, with the relaxation in lockdown and the ongoing vaccination process are supporting the steady raw material shipment and industrial activities, which bolstered the growth of the revolving doors market in Asia Pacific in 2021.

Based on product type, the Asia Pacific revolving doors market is segmented into three wings and four wings. The four wings segment is expected to register a higher CAGR during the forecast period. Four wings revolving door has four partitions in the revolving door section. It can accommodate relatively less space than two and three wings revolving doors, thus allowing less personnel to pass through, making it ideal for places where security checks are emphasized, such as airports, railways and subways stations, data centers, and industrial and commercial spaces, such as offices. With the growing emphasis on personnel security and securing the safety and integrity of assets at commercial and government facilities, the uptake of four wing revolving doors has gained traction in recent years.

The Asia Pacific revolving doors market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. The process also serves the purpose of obtaining an overview and forecast of the Asia Pacific revolving doors market with respect to all the segments. Moreover, multiple primary interviews have been conducted with industry participants to validate data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Asia Pacific revolving doors market. A few key companies operating in the market are Assa Abloy AB, GEZE GmbH, Tormax USA Inc., Royal Boon Edam International, Manusa, Kone Ojy, and Dormakaba Holding AG.

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