Gate Openers Market Demand and Growth Opportunities Detailed Analysis Report

Posted on Sep 27 2022 1:04 PM

"Gate Openers Market Size, Share & COVID-19 Impact Analysis, By Product Type (Linear Ram, Underground, Articulated Ram, Sliding, and Others), By Application (Residential, Commercial, Industrial, and Others), and Regional Forecast, 2021-2028 "

According to the latest report, titled “Gate Openers Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The Gate Openers Market is projected to grow from USD 2.49 billion in 2021 to USD 3.43 billion in 2028 at a CAGR of 4.6% in the 2021-2028 period.

This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Gate Openers Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Gate Openers Market.

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A few top players in the industry are-

  • Assa Abloy AB (Sweden)
  • Allegion (Ireland)
  • Somfy (Cluses, France)
  • Came S.p.A. (Italy)
  • FAAC SPA (Italy)
  • Chamberlain Group (CGI) (U.S.)
  • dormakaba Group (Switzerland)
  • GEZE GmbH (Germany)
  • NICE Systems Ltd. (Israel)
  • Honeywell (U.S.)
  • Overhead Door Corporation (U.S.)
  • Legrand (France)
  • Zhejiang Xianfeng Machinery Co., Ltd. (China)
  • TISO Group of Companies (Ukraine)
  • PILOMAT s.r.l. (Italy)
  • S M Dooromatics (India)
  • Proteco Srl (Italy)
  • Macs Automated Bollard Systems Ltd (U.K.)
  • RIB Srl (Italy)
  • Gandhi Automations Pvt Ltd (India)
  • CASIT srl (Italy)
  • Skylinkhome (Canada)

The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Gate Openers Market and the market concentration is described in the report.

Regional Analysis:

On the basis of Geography, the Global Gate Openers Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Gate Openers Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.

The growing number of Gate Openers Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.

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Drivers and Restraints

Reduced Operational Costs and Secured & Safe Operation Mode to Boost Market Growth

Gate openers provide consumers with complete control of the opening and closing of a gate. It eliminates security personnel requirements and the entry of vehicles inside the premises. The opener is powered to receive notifications on tablets, smartphones, and laptops. It allows people to enter infrastructures and permits operators to maintain timely data regarding exit and entry of people. Furthermore, reduced chimney cleaning expenditure and easy installation are expected to boost the product adoption. Moreover, rising redevelopment projects lead to effective gates' adoption, thereby increasing sales. These factors may propel the gate openers market growth.

However, high installation and purchase costs associated with the product are expected to hinder the market progress.

An overview of the Gate Openers Market’s regional outlook:

The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.

Introduction of Advanced and Customizable Gates to Propel Market Growth in Asia Pacific

Asia Pacific is expected to dominate the gate openers market share due to the introduction of advanced and customizable gates. The market in Asia Pacific stood at USD 0.81 billion in 2020 and is expected to grow positively during the pandemic. Further, adopting reliable and automated operations might strengthen sales. These factors may propel the market development.

In Europe, strong demand for automated and electric gate openers and the incorporation of smart features are expected to boost the product adoption. Furthermore, reduced imports and exports regarding the product are expected to foster the market growth.

In North America, rising security consultation organizations and increasing gate installations may foster industry progress.

FAQs:

  1. What is the driving factor for the growth of the Gate Openers Market?
  2. How will the COVID-19 pandemic impact the demand and consumption of the Gate Openers Market?
  3. What is the major application area of the Gate Openers Market?
  4. Who are the Gate Openers Market manufacturers across the globe?
  5. Which geographical location is dominant in the Gate Openers Market?
  6. Which are the top industry players in the Gate Openers Market?

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