North America 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)

North America 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 North America revolving doors market is expected to reach US$ 385.37 million by 2028 from US$ 308.15 million in 2021; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The market is spread across the US, Canada, and Mexico. The region is characterized by developed economies, such as the US and Canada; high GDP; high GDP per capita; favorable economic policies; positive outlook toward adoption of advanced technology across the residential, commercial, and industrial sectors; high standard of living; and vast industrialization. North America has one of the largest and highly developed construction industries as it is known for its advanced infrastructural projects. Currently, the construction industry in the region is emphasizing on developing energy-efficient buildings. In various cities such as Minneapolis, Minnesota; Denton, Texas; Concord, New Hampshire; Fayetteville, Arkansas; Denver, Colorado; and Norman, Oklahoma; the construction of energy-efficient buildings is being emphasized because the acting US Mayors are supporting the cause of climate change. Moreover, the federal governments of Canada and the US are moving from traditional security inspection systems to advanced and automated detection systems for real-time threat detection across all restricted areas. Therefore, the deployment of revolving doors is increasing across the region, which is contributing to the growth of the North America revolving doors market.

North America is one of the most prominent adopters of revolving doors due to the implementation of government policies boosting innovation and presence of a huge industrial base, especially in developed countries, such as the US and Canada. For instance, the Canadian construction industry is witnessing growth in a few major cities, such as Toronto and Vancouver. In these cities, developers are registering good profits on investments, mainly with high-density commercial and industrial projects. During the COVID-19 pandemic in 2020, the limited availability of workforce, shortage of materials and supplies, reduction in productivity rates, and suspension and cancellation of projects/contracts hindered the revolving doors market growth. However, since the late Q3 of 2020, with the relaxation of lockdown, the construction sector started to operate with ease, thereby reporting a rise in demand for revolving doors.

Based on product type, the North America 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 North America 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 North America 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 North America revolving doors market. A few key companies operating in the market are Assa Abloy AB, Tormax USA Inc., Stanley Access Technologies LLC, Royal Boon Edam International, Manusa, Kone Ojy, Horton Automatics Inc., and Dormakaba Holding AG.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America revolving doors market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America revolving doors market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America revolving doors market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution