High-Speed Doors Market 2023

High-Speed Doors Market 2023

The global high-speed doors industry has experienced considerable growth over recent years in all segments in terms of the total revenue. The total market size increased from USD 3,476 million in 2020 to USD 4,033 million in 2023, representing a CAGR of 5.1% during the period. As the industry recovers from the COVID-19 pandemic and continues to grow, the market size of the global high-speed doors is forecasted to increase to USD *** million in 2028, representing a CAGR of 4.5% from 2023 to 2028.

High-speed doors, made of materials such as aluminum, steel, fabric, and rubber, offer efficient operation and control of production flow. Some are integrated with IoT features for remote control and easy handling. They have a well-established market driven by demand from new construction projects and the need to replace old units with innovative, high thermal efficiency products. Advanced features such as insulation curtains and wind resistance enhance their demand compared to conventional doors. Additionally, maintenance is easy due to their construction with PVC (polyvinyl chloride) curtains and stainless-steel side covers, designed to withstand heavy use of cleaning agents.

The global high-speed doors market categorized by material, for the respective periods: metal, fabric, and rubber. In terms of material, the metal segment dominated the market studied in 2022, holding a substantial share of ***%. High-speed doors primarily use aluminum and steel. Aluminum is lighter and more recyclable than steel, resistant to corrosion, and offers various design options. Aluminum roller doors provide superior insulation and quiet operation. They are in high demand due to industrial and commercial construction growth, new permits, and consumer demand for renovation projects.

The high-speed doors market can be categorized into three functions, namely rolling, sliding, and folding. The segment pertaining to rolling function has witnessed a substantial revenue of USD *** million in 2022. Furthermore, it is anticipated to attain a remarkable growth rate of ***% over the forecast period from 2023 to 2028, ultimately reaching a revenue of USD*** million by 2028. Industrial doors are crucial for aesthetics, security, and functionality, adhering to regulations and operational needs. High-speed rolling doors made of PVC and metal maintain specialized environments, while sliding and folding doors, made of rubber and fabric with metal coatings, cater to industrial requirements. The market is increasingly focused on energy efficiency and safety features, driven by the demand for durable, functional doors in industrial settings.

The revenue of the high-speed doors market by region from 2020 to 2022 and forecast for 2023 to 2028: North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America. In terms of geography, Asia-Pacific has emerged as the dominant player in the high-speed doors market studied in 2022, capturing a significant share of ***%. Following closely behind are Europe and North America, with shares of ***% and ***% respectively. Compared to the high-speed doors market in developed countries, Asia-Pacific high-speed doors market of developing countries (Chian, India, Southeast Asia, etc.) is still underpenetrated and has significant growth potential. The construction industry in the Asia-Pacific region is experiencing substantial growth due to the rapid urbanization taking place. Developing economies are witnessing strong demand for commercial construction, with multiple real estate projects being undertaken in industrial and commercial development zones. This trend is expected to gain further momentum, making the new construction sector a crucial driver of growth for the high-speed doors market in the Asia-Pacific region.

The prominent players operating in the global high-speed doors market include ASSA ABLOY Group, DH Pace Company, Inc., Rytec Corporation, Hormann Group, dormakaba Holding AG, Novoferm GmbH, Rite-Hite Holding Corporation, Kone Oyj, EFAFLEX Tor- und Sicherheitssysteme GmbH & Co. KG, Somfy Group, KRUŽÍK s.r.o., Raynor Manufacturing Company, Griffon Corporation, Angel Mir, Chase Industries, Inc., Hart Door Systems Limited, OCM Industrial Doors, PerforMax Global, among others.