Revolving Doors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Three Wings and Four Wings), Operation Type (Manual and Automatic), and Application (Commercial and Industrial)
The revolving doors market is projected to reach US$ 1,121.42 million by 2028 from US$ 860.83 million in 2021; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.
Revolving doors are three- or four-wing doors that revolve around a vertical axis in a cylindrical appendix. These doors are energy efficient and help reduce the loss of heating or cooling of the buildings. The rise in construction of high-tech airports, cinema halls, grand hotels, shopping malls, and others is expected to influence the revolving doors market growth during the forecast period. A rapid rise in construction activities and an increase in the adoption of door automation in developed and developing countries are propelling the growth of revolving doors market size. These doors support secure, easy, fast, and accurate operations. The rising implementation of automatic doors in commercial and industrial spaces, and growing awareness about new and developing technologies are expected to offer ample opportunities for the revolving doors market growth.
North America led the revolving doors market in 2020, majorly due to presence of a large of number of data centers. States such as California, Texas, Florida, Pennsylvania, New York, Massachusetts, Arizona, Washington, North Carolina, Virginia, Ontario, and British Colombia have become data center hubs in the region. Companies such as CenturyLink, Digital Realty Trust, L.P., Equinix Inc., and AT&T, Inc. are among the leading data center colocation players in North America, and they are expanding at an exponential rate. Further, a rise in spending across APAC countries for maintaining security in office premises across the commercial, industrial, and government sectors is driving the adoption of advance revolving doors. For instance, in 2018, the Chinese Government increased its spending for domestic security. The country reported an increase in spending by 6.1% of the total defense budget for domestic security. Such surge in government spending on domestic security is subsequently driving the adoption of advanced security systems across restricted areas, thereby creating favorable opportunities for the revolving doors market growth.
Impact of COVID-19 Pandemic on Revolving Doors Market
Prolonged lockdown periods due to the COVID-19 pandemic resulted in a huge decline in the growth of the construction industry in APAC in 2020. Different companies in the region discontinued their production activities in the initial phase of COVID-19 pandemic to keep a check on the spread of the disease. This halt in production for an indefinite period disturbed supply chains in various Asian countries, including India and China. Moreover, maintaining the quality of the projects is one of the most important challenges faced by construction players in the region as each country functions with a different regulatory framework. However, with relaxations in lockdown restrictions and ongoing vaccination process the raw material shipment and industrial activities have grown steadily, which boosted the growth of the revolving doors market in APAC in 2021.
ASSA ABLOY, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, KONE Oy, Manusa, Royal Boon Edam International B.V., Stanley Access Technologies LLC, and TORMAX are among the key players operating in the global revolving doors market.
The overall 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 related to the revolving doors market. The process also serves the purpose of obtaining an overview and forecast of the revolving doors market with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The 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 revolving doors market.
Reason to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global 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 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 global market trends and outlook coupled with the factors driving the 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
Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia-Pacific and Rest of World.
The List of Companies - Revolving Doors Market
1. ASSA ABLOY AB
2. CoMETA SpA
3. dormakaba Group
4. GEZE GmbH
5. Horton Automatics
6. KONE Ojy
7. Manusa
8. Royal Boon Edam International B.V
9. Stanley Access Technologies LLC
10. TORMAX USA Inc.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook