New York City, NY: September 04, 2019 – Published via (Wired Release) – Automatic Door Market: Overview
An automatic door, also called as auto door, is a mechanical door that opens automatically on sensing approach of any person or thing. Automatic doors are integrated with a sensory system which virtually acts as eyes of door. These doors are being highly for applications in hotels/motels, retail stores, shopping malls, hospitals, transport terminals, and residential buildings.
The first five-year cumulative revenue (2019–2023) is projected to be over US$ 14 Bn, which is expected to increase significantly over the latter part of the five-year forecast period. The US automatic door market is expected to value at approximately US$ 2 Bn in 2019 and is projected to register a CAGR of 6.3% over the next 10 years.
Automatic Door Market: Market Dynamics
US automatic door market is expected to register a CAGR of 6.3% over the next 10 years. Convenience for users is going to be the main factor that is anticipated to cause building developers to adopt automatic doors in new as well as redevelopment of building construction.
Further, various long term benefits such as savings in electricity bills is an added advantage that supports adoption of automatic doors. These doors insulate room from outer environment, thus saving energy needed by heaters or coolers for maintaining optimum temperature.
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However, high initial costs and the possibility of technical glitches in operations may hamper growth of the target market over the forecast period.
Favorable government regulations in various developed countries for providing ease of accessibility to disabled individuals at public places is anticipated to support adoption of automatic doors to a significant extent. For instance, the Americans with Disabilities Act (ADA) a federal law, makes it mandatory for private and public organizations to provide safe entry and exit for all including disabled individuals.
Automatic Door Market: Market Forecast
The comprehensive research report comprises a complete forecast of the US automatic door market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the US automatic door market is expected to expand at a CAGR of 6.3% over the forecast period.
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Automatic Door Market: Segmental Snapshot
The market report has been segmented on the basis of type and application. The type segments include sliding door, swing door, evolving door, folding door, others (including access gates, etc.). The application segments include institutional and commercial (shopping center, hospitals and clinic, hotels and restaurant, administration and public building), and residential.
By Type: The sliding door segment accounted for the highest revenue share contribution as compared to other type segments in 2018. The sliding door segment is expected to register the highest CAGR of over 6.5% between 2019 and 2028.
By Application: The institutional and commercial is expected to register the highest CAGR of over 6% between 2019 and 2028. The shopping center sub-segment accounted for the highest revenue share contribution as compared to other sub-segments under institutional and commercial segment, and is projected to register a considerable CAGR over the forecast period.
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Automatic Door Market: Competitive Analysis
The research report on the US automatic door market includes profiles of some of major companies such as Assa Abloy Group, Boon Edam International Gilgen Door Systems AG B.V., Dormakaba Holding AG, GEZE UK Ltd., Entrematic Group AB, PORTALP Automatic Doors, Thomas Door and Window Controls STANLEY Access Technologies LLC Rite-Hite, SHIPYARDDOOR PVC Fabric Door Systems, and Thomas Door and Window Controls.
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