PUBLISHER: The Business Research Company | PRODUCT CODE: 1274446
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274446
“Door And Window Automation Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on door and window automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for door and window automation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The door and window automation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the door and window automation market are ABB Group, Assa Abloy AB, Came S.p.A, Dormakaba International Holding AG, GEZE GmbH, Gira Giersiepen GmbH & Co. KG, Honeywell International Inc., Insteon, Nabtesco Corporation, Royal Boon Edam International B.V, Schneider Electric SE, Siemens AG, Stanley Black & Decker Inc., Allegion Plc., Allied Window Inc.
The global door and window automation market is expected to grow from $16.55 billion in 2022 to $17.92 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The door and window automation market is expected to reach $22.60 billion in 2027 at a CAGR of 6.0%.
The door and window automation market consists of revenues earned by entities by home automation services such as fixed automation, programmable automation, and flexible automation. The market value includes the value of related goods sold by the service provider or included within the service offering. The door and window automation market also includes sales of sliding automatic doors, automatic swinging doors, automatic folding doors, and automatic revolving doors, which are used in providing home automation services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Door and window automation is the process of automating the closing and opening of doors using sensors to detect motion, pressure, or infrared images, which will cause the doors to either open or close. It is used for energy savings and to effectively reduce annual heating and cooling costs. These are extensively employed in office buildings to provide the entire protection of personnel.
Asia-Pacific was the leading region in the door and window automation market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of door and window automation are automated industrial doors, automated pedestrian doors, and automated windows. Automated industrial doors are built to withstand equipment impact and have features like automatic breakaways in the event of a vehicle collision. The major components are access control systems, control panels, sensors and detectors, motors and actuators, and others used for various applications such as windows, industrial doors, and pedestrian doors.
The rising adoption of automatic doors and windows by the elderly and disabled is significantly contributing to the growth of the door and window automation market going forward. Automatic doors and windows refer to doors and windows that can be remotely and automatically opened. Disability is a general term that includes impairments, activity constraints, and participation limitations. Home modifications like automated doors help elderly and disabled people navigate their homes better and make the doors usable for those who are not able to use a traditional key for entry, such as people in wheelchairs. For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, 1 in 6 people in the world would be 60 years of age or older by the year 2030. At this point, there will be 1.4 billion people, up from 1 billion in 2020, who are 60 years of age or older. The number of people aged 60 and older in the world is expected to double by 2050. Between 2020 and 2050, there would be 426 million more people who are 80 years of age or older than there are now. Therefore, the rising adoption of automatic doors and windows by the elderly and disabled is driving the growth of the door and window automation market.
Technological advancement is the key trend gaining popularity in the door and window automation market. Major companies operating in the door and window automation market are developing innovative products with advanced technologies to strengthen their position in the market. For instance, in August 2021, Made4CNC, a Denmark-based manufacturer and supplier of industrial equipment, launched the Safedoor SD100, which features automatic door opening and closing technology. The new technology opens and closes CNC machines' heavy doors, which was only possible for very few CNC machines before. At a rate of 500 mm/s, the Safedoor SD100 opens 400 kg, 1 m wide CNC doors that weigh up to 400 pounds. The door opener's galvanically insulated digital inputs and outputs can communicate with any brand of robot or CNC machine.
In July 2022, Allegion PLC., an Ireland-based provider of security products for homes and businesses, acquired Stanley Access Technologies LLC for a deal value of $900 million. This acquisition strengthens Allegion's seamless access strategy with a category market leader while expanding Allegion Americas' core business through related automatic entrance products and installation and maintenance services. Stanley Access Technologies LLC is a US-based manufacturer, installer, and service provider of automatic doors.
The countries covered in the door and window automation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The door and window automation market research report is one of a series of new reports from The Business Research Company that provides door and window automation market statistics, including the door and window automation industry's global market size, regional shares, competitors with a Door and window automation market share, detailed door and window automation market segments, market trends, and opportunities, and any further data you may need to thrive in the door and window automation industry. This door and window automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.