Gate Openers Market Forecasts to 2028 - Global Analysis By Type, Product Type, Source of Power, Component, End User and By Geography

According to Stratistics MRC, the Global Gate Openers Market is accounted for $2.65 billion in 2022 and is expected to reach $3.84 billion by 2028 growing at a CAGR of 6.6% during the forecast period. Gate openers are mechanical devices that are used to open and close the gate of a residence, community, office, or industry. It is used to open or close the gate automatically or through a manual device or wireless transmitter. The different types of gate openers available in the global market include sliding gate opener, swing gate opener and others.

According to FutureIoT, a Singapore-based IoT publication, in 2022 more than 54% of US households have at least one smart home gadget, making smart homes the norm due to ease of use, extreme convenience, and an increased sense of security. Additionally, the adoption rates of smart homes have reached 50% in the UK, 40% in Germany, and 38% in France.

Market Dynamics:

Driver:

Mode of operation is secure and safe

The installation of automated gate openers provides customers complete control over closing and opening the gate and deciding which individuals or vehicles are allowed inside the premises. The automatic gates do away with the need for security guards to be there and give permission for the vehicles to be at the entrance as they would otherwise be. The advanced opening systems are also integrated with the capability to send notifications about people entering the infrastructure to the connected cellphones, tablets, or laptops, allowing the operators to keep up-to-date records regarding people's admission and exit.

Restraint:

Initial investment is exorbitant

The initial cost and installation requirements for purchasing and installing automated openers are the key issues slowing the market's rate of sales growth. Advanced, high-tech gates that include extra features are significantly more expensive than standard gates. Additionally, these gates have a lot of accessories that need regular, expert maintenance. This raises overhead costs and reduces the acceptance of advanced gates.

Opportunity:

Automated gates with IoT and AI integration to pique consumer interest

Infrastructure security and the opening and closing of the automated business ecosystem have become hot topics because of the Internet of Things (IoT) and artificial intelligence. High-tech gate openers that can be controlled to open doors from any location have been made possible by expanding internet use and the availability of high-speed connections worldwide. To move the door, the user must connect to the internet and use authorized access to access the door controls, which will spur the market for Gate Openers to rise faster.

Threat:

Shortage of electricity

The Global gate openers market is expected to hamper growth during the forecast period. Because electric power is used primarily by the automated gates, their operation is disrupted in cases of power outages. Thus, in addition to paying for initial installation, the owner or facility operator must also arrange the layout of a backup generator for electricity. Thus, it is anticipated that the aforementioned factors will limit market growth throughout the forecast period.

COVID-19 Impact:

The COVID-19 pandemic impacted gate openers market growth as a result of the construction industry's slowdown and a decline in infrastructure renovation, which hastened the market's first quarter growth expectations. The market, however, saw weak sales of these products following the restoration of normalcy and the start of business in the construction sector. Manufacturer mergers and acquisitions have aided industry participants in keeping up efficient operations throughout a variety of market regions. Additionally, expenditures made for the improvement of medical and healthcare infrastructure could boost commercial construction activities, increasing the potential for these activities and the sale of automated gates.

The articulated ram segment is expected to be the largest during the forecast period

The articulated ram segment is projected to have largest share perspectives during the forecast period. The considerable pace of operation and notable duty cycles provide a much more efficient mode of actuation, which is one of the beneficial factors behind the performance of the market. Articulated rams are cables that handle the complete weight of gates, thus protecting hinges and brackets from excessive wear and tear during operation of the gates.

The bollards segment is expected to have the highest CAGR during the forecast period

Automatic bollards, activated by a signalling device or other access control systems, allow access to areas around a compound with high traffic inflow. Bollards are simple to handle and control, and their installation is also not too difficult. Automatic bollard systems are generally utilised in high-security locations, including airports, military bases, businesses, hotels, and public buildings, among others. Additionally, to prevent accidents and other related problems, these bollards are now offered with lights and illuminating tapes at the top. propelling the segment growth.

Region with largest share:

Asia Pacific is estimated to hold a substantial share in the global market and is projected to progress at a substantial pace over projection period. The increased demand for automated products and the advent of modern, configurable remote-controlled gate operators will drive expansion in the region. Additionally, the shift in customer preferences away from traditional gate security measures like hiring security guards and security firms in favour of fully automated and dependable automatic operations could boost product sales in the promising Asia Pacific region.

Region with highest CAGR:

Over the projection period, North America is expected to expand at a constant rate. There are few chances for the market due to the already existing market in the area and the use of automatic gates. Despite the fact that the market can experience significant demand due to recently built infrastructure in the area, Newer development opportunities for the local market are being brought about by the growth of security consulting organisations in numerous states around the U.S. For instance, Access Security Corporation is a security solution installation and consulting business with large operations in the states of Delaware, New Jersey, and Philadelphia.

Key players in the market:

Some of the key players in Gate Openers Market include: Allegion plc., Automatic Technology Pty Ltd., Bisen Smart Access Co Ltd., BX Shinsei Seiki Co Ltd., Chamberlain Group, CAME, Dalian Master Door Co Ltd., Dorene Gate Openers, ELKA-Torantriebe GmbH u. Co. Betriebs KG, GEZE GmbH, Hy-Security Gate Inc., Macs Automated Bollard Systems Ltd., Novoferm Group, Overhead Door Corporation, S M Dooromatics, Skylinkhome, Viking Access Systems, VMAG Automation Systems and Zhejiang Xianfeng Machinery Co Ltd.

Key Developments:

In July 2021, CAME introduced the new GARD GT automated barriers line, which includes the GT4 and GT8 variants. The new barriers, which are suitable for use in medium to large entrances in residential, industrial, and urban contexts, enhance vehicle access control systems and raise performance levels.

In April 2021, The Chamberlain Group launched the myQ® app to control, protect, and monitor major entry points of homes, as well as enable simple access experiences such as Amazon Key In-Garage Delivery, at any time and from anywhere.

Types Covered:

• Sliding Gate Opener
• Swing Gate Opener
• Shutter Systems
• Barriers
• Overhead Gates
• Boom Barriers
• Bollards

Product Types Covered:

• Linear Ram
• Underground
• Articulated Ram
• Sliding
• Other Product Types

Source of Powers Covered:

• Primary (A.C.)
• Secondary (Battery)

Components Covered:

• Access Control Systems
• Motors
• Other Components

End Users Covered:

• Residential
• Transportation Hubs
• Military
• Industries
• Retails
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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