Europe 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)

Europe 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 Europe revolving doors market is expected to reach US$ 365.91 million by 2028 from US$ 278.87 million in 2021; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028. Europe is characterized by the presence highly developed economy, vast industrialization, high GDP, rising GDP per capita, high standard of living, and high inclination toward adopting new technology across the residential, commercial, and industrial sectors. The governments in European countries currently emphasize on developing energy-efficient buildings due to the EU's strong focus on curtailing carbon emissions. This factor is significantly boosting the adoption of revolving doors. Furthermore, the high demand for end users, several developments with regards to revolving doors market observed. For instance, In August 2020, Boon Edam Inc., announced that its revolving doors product portfolio was in compliance with CE (the European Union standard of safety and operation). In March 2019, TORMAX announced the opening of a new office in Jyväskylä, Finland. Further, in June 2019, the company opened a new office in Geneva, Switzerland. In November 2018, it opened a new installation and service branch in Prague, Czech Republic. In 2020, CoMETA S.p.A. announced its revolving doors product portfolio was RC4 burglar-proof grade.

Russia, the UK, France, Italy, Spain, and Germany are among the worst-affected countries by the COVID-19 outbreak in Europe. Businesses in the region faced severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, Europe experienced an economic slowdown in 2020 and 2021. Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of SARS-CoV-2 among its citizens. Further, in 2020, halt in the construction of new projects hampered the growth of the real-estate sector in Europe. This has led to inflated real-estate prices and unfair competition among licensed accommodation providers.

Based on product type, the Europe 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 Europe 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 Europe 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 Europe revolving doors market. A few key companies operating in the market are Assa Abloy AB, CoMETA SpA, Gexe GmbH, Dormakaba Holdings AG, Horton Automatics Inc., Kone Ojy, Manusa, Royal Boon Edam International, and Tormax USA Inc.

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