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Press Release
Gate Openers Market is expected to grow CAGR of 4.6% by 2028
Fortune Business Insights recently released “The Gate Openers Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study delivers key findings for strategic advantage.
Gate Openers Market Share, Size & Industry Analysis, By Product Type (Linear Ram, Underground, Articulated Ram, Sliding, and Others), By Application (Residential, Commercial, Industrial, and Others), and Regional Forecast, 2021-2028
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The market’s competitive landscape for gate openers market is evaluated by analyzing key industry players, their production capacities and utilization rates, gate openers marketM’s production chain, manufacturer pricing, and the revenue each manufacturer generates globally in the gate openers marketM sector.
Major companies of gate openers market:
- 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)
Market atributes:
| Report Componant | Aspects |
| Forecast Period | 2020-2028 |
| Projected Market Value for 2020: | USD 2.41 billion |
| Forecasted Market Value for 2028: | USD 3.43 billion |
| Compound Annual Growth Rate (CAGR): | 4.6 |
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Key Drivers and restraints:
- Drivers:
- Increasing Security Concerns: Growing concerns about security and safety drive the demand for automated gate openers, which offer enhanced security features for residential and commercial properties.
- Rise in Smart Home Technology: The integration of gate openers with smart home systems and IoT technology boosts market growth by offering convenience and remote control capabilities.
- Urbanization and Property Development: The expansion of urban areas and new property developments increases the need for efficient and modern gate solutions, including automated gate openers.
- Advancements in Technology: Innovations in gate opener technology, such as improved automation, better sensors, and enhanced durability, attract consumers looking for advanced and reliable solutions.
- Increased Awareness of Property Value: Awareness of the role of gate openers in enhancing property value and curb appeal drives adoption among homeowners and property developers.
- Restraints:
- High Initial Costs: The significant upfront cost of purchasing and installing automated gate openers can be a barrier for budget-conscious consumers and small property owners.
- Maintenance and Repair Costs: Ongoing maintenance and potential repair costs for gate openers can impact the overall cost of ownership and deter some consumers.
- Power Dependency: Many gate openers rely on electrical power, which can be a limitation in areas with unreliable power supply or during power outages, affecting functionality.
- Complex Installation Requirements: The installation process for automated gate openers can be complex and may require professional assistance, increasing overall costs and complexity for consumers.
- Compatibility Issues: Compatibility issues with existing gate structures or other systems can pose challenges, leading to additional costs and potential delays in implementation.
Regional atributes:
- North America (By Product Type, Application, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
- Europe (By Product Type, Application, and Country)
- U.K. (By Product Type)
- Germany (By Product Type)
- France (By Product Type)
- Italy (By Product Type)
- Spain (By Product Type)
- Russia (By Product Type)
- BENELUX (By Product Type)
- Nordics (By Product Type)
- Rest of Europe
- Asia Pacific (By Product Type, Application, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- South Korea (By Product Type)
- ASEAN Countries (By Product Type)
- Australia (By Product Type)
- Rest of Asia Pacific
- Middle East & Africa (By Product Type, Application, and Country)
- GCC (By Product Type)
- South Africa (By Product Type)
- Rest of the Middle East & Africa
- South America (By Product Type, Application, and Country)
- Brazil (By Product Type)
- Argentina (By Product Type)
- Colombia (By Product Type)
- Rest of South America
Industry developments:
- June 2020: FAAC Group successfully acquired automatic pedestrian doors (APD) and high-speed doors (HSD) business segments of ASSA ABLOY. The strategic acquisition will help FAAC Group augment its operations in research and development division using the technological expertise of ASSA ABLOY and emerge as one of the prominent vendors in the region.
- December 2020: Somfy, which is engaged in manufacturing and development of opening and closing automation operations in the residential sector and commercial infrastructure, has announced that it successfully undertook 60% of stakes of Repar’s stores. The acquisition will help the company create substantial market opportunities for Somfy in the repair and services sector.
Table of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
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