PUBLISHER: The Insight Partners | PRODUCT CODE: 1871525
PUBLISHER: The Insight Partners | PRODUCT CODE: 1871525
The South and Central America (SAM) doors and windows automation market is projected to grow from US$ 599.40 million in 2023 to US$ 743.88 million by 2031, reflecting a compound annual growth rate (CAGR) of 2.7% during this period.
Executive Summary and Market Analysis
The SAM doors and windows automation market is divided into key regions: Brazil, Argentina, and the Rest of SAM. Over recent years, industrialization in South America has surged, significantly contributing to the region's economic development. The expansion of both the residential and commercial construction sectors is a major driver for the doors and windows automation market. The rapid growth in real estate, evidenced by the construction of numerous residential buildings, schools, hospitals, and retail spaces, supports this market's growth.
The retail sector is a significant end user of automated doors and windows, driven by the high volume of customer traffic. The increase in wholesale and retail activities in SAM indicates substantial growth opportunities for supermarkets, megastores, and hypermarkets. Argentina, with a population of approximately 45.7 million, presents a large consumer base, and its retail sector is poised for considerable expansion. According to HSBC Argentina, the country plans to invest over US$ 452 billion in infrastructure by 2040, which will likely enhance the demand for door and window automation in retail environments, improving customer comfort.
Moreover, government initiatives aimed at constructing oil and gas facilities and renewable energy plants, such as solar and wind projects, are expected to stimulate construction activities in Argentina and other SAM nations, positively impacting the doors and windows automation market.
Market Segmentation Analysis
The SAM doors and windows automation market is analyzed based on type, component, industry verticals, and control systems:
Market Outlook
Emerging trends in the doors and windows automation market include voice and gesture-controlled systems, which enhance convenience and accessibility. These technologies allow for hands-free operation, making automated doors and windows more efficient and user-friendly. For instance, in February 2024, Marvin introduced the Marvin Connected Home, which integrates advanced automation with elegant design, allowing homeowners to control their environment through voice commands and smart home platforms like Amazon Alexa.
As voice assistants become more prevalent, homeowners are increasingly opting for voice-activated systems that allow for easy control of windows and doors. This hands-free functionality enhances user experience and operational efficiency. Companies like Lutron Electronics are also leading the way with products that can be controlled via voice commands, improving comfort and energy efficiency.
Country Insights
The SAM doors and windows automation market is primarily composed of Brazil, Argentina, and the Rest of SAM, with Brazil holding the largest market share in 2023. Brazil's economy is characterized by significant infrastructure development, with government investments aimed at enhancing urban infrastructure. In October 2024, the Brazilian government announced a US$ 280 billion investment plan focused on housing and infrastructure projects, which is expected to drive demand for door and window automation systems.
Additionally, global market players are strengthening their presence in Brazil. For example, in October 2023, ASSA ABLOY acquired Inovadoor Portas Industriais Ltda, a Brazilian manufacturer of sectional and high-speed doors, thereby expanding its offerings in the Brazilian market.
Company Profiles
Key players in the doors and windows automation market include ABB Ltd, Allegion Plc, Assa Abloy AB, Came S.p.A., Honeywell International Inc, Insteon, Nabtesco Corp, Schneider Electric SE, Siemens AG, GEZE GMBH, dormakaba Holding AG, Hormann Industries GmbH, Kintrol Pty Ltd, BEA (A Halma Company), JLC Group Ltd, Deutschtec, Auto Ingress Pty Ltd, Ozone Overseas Pvt. Ltd., ERREKA, and Schuco International KG. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to consumers.