Revolving Doors Market is expected to reach US$ 1,121.42 Million by 2028


PRESS RELEASE BY The Insight Partners 25 Jan 2022

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Rising Adoption of Doors Automation in Commercial and Industrial Spaces to Provide Growth Opportunities for Revolving Doors Market Players

According to our latest market study on "Revolving Doors Market Forecast to 2028 - COVID-19 Impact and Global Analysis – by Product Type, Operation Type, and Application," the market is projected to reach US$ 1,121.42 million by 2028 from US$ 860.83 million in 2021; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.

 

The global revolving doors market is segmented into five major regions North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. In 2020, North America led the market with a substantial revenue share, followed by APAC and Europe, respectively. The increasing use of revolving doors in the commercial sector, including banks, offices, government institutions, airports, and shopping malls, to provide secure and convenient door access to people approaching these facilities is driving the market substantially. Moreover, the escalating investments in the development of automated revolving doors by key players, such as ASSA ABLOY Group and Deutschtec GmbH, is aiding the growth of this market. For instance, in 2020, Grupsa launched GSRD-05, a new operator for automatic revolving doors.

 

The revolving doors market is segmented on the basis of product type, operation type, and application. Based on product type, the market is segmented into three wings and four wings. Based on operation type, the market is bifurcated into manual and automatic. The revolving doors market, by operation type,  is bifurcated into commercial and industrial. In terms of geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, South Korea, Japan, and the  Rest of APAC), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM).

 

Impact of COVID-19 Pandemic on Revolving Doors Market

The COVID-19 pandemic shook several industries in 2020. The exponential spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movements. It severely hit the semiconductor industry as the demand for electronic components from industrial sector and end users decreased in 2020. However, the emergence of COVID-19 has led to an increase in demand for automatic revolving doors from end users as these doors offer contactless passage of individuals. The increasing emphasis on the deployment of securing assets, avoiding interruption of organizational/facility operations by authorized personnel, and safeguarding humans in the facility drives the growth of the revolving doors market for the automatic segment. According to a national survey conducted by the Associated General Contractors of America (AGCA) in year 2020, out of 1,077 respondents, 78% of the contractors experienced project delays. However, since the late Q3 of 2020, with the relaxation of lockdown rules, the construction sector started to operate with ease, thereby reporting a rise in demand for revolving doors.

 

ASSA ABLOY, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, KONE Oy, Manusa, Royal Boon Edam International B.V., Stanley Access Technologies LLC, and TORMAX are among the major companies operating in the revolving doors market.

 

Revolving Doors Market – by Region, 2020 and 2028 (%)

Revolving Doors Market – by Region, 2020 and 2028 (%)

Revolving Doors Market Global Forecast to 2028

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Published Report - Revolving Doors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Three Wings and Four Wings), Operation Type (Manual and Automatic), and Application (Commercial and Industrial)

     


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