Revolving Doors Market Global Forecast to 2028

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)

Publication Month : Jan 2022

  • Report Code : TIPRE00015351
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 159
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The revolving doors 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.

Huge investments in the infrastructure sector specifically for retail spaces, commercial office buildings, manufacturing facilities, metro rail lines, and airport expansion and construction are benefitting the continually expanding construction sector. Thus, the increasing number of commercial construction projects, including shopping complexes and retail stores, is significantly fueling the demand for revolving doors. Further, the rise in urbanization results in the construction of numerous hospitals, offices, large retails, and theatres. According to the Civil Aviation Administration of China (CAAC), China aims to construct 216 new airports by 2035 to meet the rising demands for air travel. In 2020, the building construction spending in Asia crossed US$ 4.5 trillion, which was ~50% of the global expenditure on construction projects. Thus, the demand for revolving doors is increasing in countries such as China and India as the government and the private sector are making efforts to improve infrastructure of these countries. Their efforts revolve around improving smart cities, with a major focus in the use of nontoxic, recycled, and environment-friendly materials. Thus, the rising disposable income of people with changing lifestyles and elevating infrastructure spending is propelling the market growth.

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Revolving Doors Market: Strategic Insights

revolving-doors-market
Market Size Value inUS$ 860.83 million in 2021
Market Size Value byUS$ 1,121.42 million by 2028
Growth rateCAGR of 3.9% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Impact of COVID-19 Pandemic on North America Revolving Doors Market Size

North America is a prominent regions in the global revolving doors market due to the existence of government policies boosting innovation and presence of a huge industrial base, especially in developed countries such as the US and Canada. For instance, in Canada, the construction industry is experiencing aignificant growth in a few major cities, such as Toronto and Vancouver, as developers are registering good profits on investments, mainly with the demand for high-density commercial and industrial projects. In 2020, the limited availability of workforce, shortage of materials and supplies, reduction in productivity rates, and suspension and cancellation of projects/contracts hindered the revolving doors market growth. According to a national survey conducted by the Associated General Contractors of America (AGCA), 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.

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Market Insights – Revolving Doors Market

Application-Based Insights

Based on application, the revolving doors market is segmented as commercial and industrial. The commercial segment led the market in 2021. The commercial segments comprise airports, train stations, government facilities, commercial buildings, education institutions, data centers, financial institutions, malls, hotels, and others. Due to the growing emphasis on national security, governments across the world are investing substantially in advanced security solutions, including revolving doors with modernized security scanning capabilities. Defense and government facilities possess vital data and assets pertaining to national security. Thus, unauthorized access to such crucial facilities can result in an unforeseeable national threat. Meanwhile, train stations and airport authorities are also adopting revolving doors with modernized security scanning capabilities.

The revolving doors market is segmented on the basis of product type, operation type, application, and geography. Based on product type, the market is bifurcated into three wings and four wings. On the basis of operation type, the revolving doors market is segmented into manual and automatic. The market basec okn application is segmented into commercial and industrial. In terms of geography, the revolving doors market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. 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 key players profiled during the revolving doors market study.

Players operating in the revolving doors market are mainly focused on the development of advanced and efficient products.

  • In 2021, Royal Boon Edam International B.V. relaunched their next-generation high-security doors—the Tourlock 180 and Tourlock 120. Both these models are compliant with the European Standard EN 17352.
  • In 2021, Dormakaba won ICONIC AWARD 2021 for its KTV revolving doors, the LA GARD 700 safe locks, and the Skyfold Classic 55 partition wall system.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Operation Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which are the largest end user of Revolving doors?

The commercial is the largest end users of revolving doors. The commercial segments comprise airports, train stations, government facilities, commercial buildings, education institutions, data centers, financial institutions, malls, hotels, and others. Growing urbanization is projected to create ample growth opportunities for the uptake of revolving doors among end users, such as commercial buildings, education institutions, financial institutions, malls, hotels, and others.

Which region has dominated the revolving doors market?

North America led the revolving doors market in 2020, majorly due to presence of a large of number of data centers. States such as California, Texas, Florida, Pennsylvania, New York, Massachusetts, Arizona, Washington, North Carolina, Virginia, Ontario, and British Colombia have become data center hubs in the region. Companies such as CenturyLink, Digital Realty Trust, L.P., Equinix Inc., and AT&T, Inc. are among the leading data center colocation players in North America, and they are expanding at an exponential rate. In 2020, Equinix, Inc. acquired 13 data centers of Bell in Canada for US$ 780 million. Also, the growing expansion activities in the region is contributing towards the market growth.

Which are the major companies in the revolving doors market?

ASSA ABLOY, CoMETA SpA, dormakaba Group, GEZE GmbH, and Stanley Access Technologies LLC in 2020. The positioning of these Five Key Players is derived by giving weightage to the following key performance parameters: overall revenue, segment revenue, geographical reach, customer base, new product launches, market initiatives, investment in technology up gradation, R&D investments, mergers & acquisitions, and other market related activities.

Which Product type is expected to dominate the market in the forecast period?

The three wings segment led the market. three wings revolving doors are also preferred choices for commercial spaces, such as malls and hotels. Further, market players offer three wings revolving doors in various specifications from small compact design to large size three wings revolving doors and automated systems. The growing rate of urbanization and the rising disposable income among the masses are leading the increase in shopping malls projects across the world, driving the growth of the revolving doors market. The continual expansion in the travel and hospitality sector is fueling the global revolving doors market.

What are market opportunities for revolving doors market?

Green buildings (GB) offer a number of economic or financial benefits relevant to a range of different people or groups of people. Green building constructions seek to address the housing demands of the growing populace with better qualities, energy efficiency, using recycled and recyclable materials, and improving occupants' building lifespan and health. The building sector has the largest potential for significantly reducing greenhouse gas emissions compared to other major emitting sectors. This emissions savings potential is said to reach 84 gigatonnes of CO2 (GtCO2) by 2050, through direct measures in buildings, such as energy efficiency, fuel switching, and the use of renewable energy. More government agencies, property developers, corporate real estate managers, and universities now acknowledge and even incorporate green design ideas and measures in their construction projects. Also, various green building projects of 2021, such as Net-Zero Buildings, are propelling the market growth significantly.

What are reasons behind revolving doors market growth?

Revolving doors are energy efficient and help prevent drafts and, thus, reduce the loss of heating or cooling of the buildings. The rise in construction of high-tech airports, cinema halls, grand hotels, shopping malls, and others is expected to influence the revolving doors market demand over the forecast period. Rapid growth in the construction activities and the increase in the adoption of door automation in developed and developing countries are propelling the global revolving doors market growth. Security, ease of operation, the fast and accurate operation is also augmented in the revolving doors market growth. The rising implementation of automatic doors in commercial and industrial spaces and growing awareness about new and developing technologies are expected to offer ample growth opportunities for the revolving doors market players.

The List of Companies - Revolving Doors Market

  1. ASSA ABLOY AB
  2. CoMETA SpA
  3. dormakaba Group
  4. GEZE GmbH
  5. Horton Automatics
  6. KONE Ojy
  7. Manusa
  8. Royal Boon Edam International B.V
  9. Stanley Access Technologies LLC
  10. TORMAX USA Inc.

 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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