According to a new report published by Allied Market Research, titled, “Revolving Doors Market,” The revolving doors market was valued at $908.60 million in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
The key players profiled in the revolving doors market report include Assa Abloy Group, Auto Ingress, Deutschtec GmbH, Dormakaba Holding AG, DSS Automatic Doors, ERREKA Group, Grupsa Door System, GEZE GmbH, Landert Group AG, Manusa GEST, S.L, Nabtesco Corporation, PORTALP, Royal Boon Edam International B.V., Stanley Black & Decker, Inc., and Sanwa Holdings Corporation.
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the global revolving doors market size was valued at $908.6 million in 2021, and is projected to reach $1,423.02 million by 2031, registering a CAGR of 4.5% from 2022 to 2031. Revolving doors are three-or four wing doors that revolve around a vertical axis in cylindrical appendix. They are energy efficient and help prevent drafts and reduce the loss of cooling or heating of a building. Revolving doors are used as a security device to restrict the entry to a single person at a time, if the spacing between the doors is less. In addition, they also serve as an airlock, which keeps cold air out and reduces the heating.
Rise in demand from several industries such as construction and industrial activities, is expected to boost the growth of the market during the forecast period. Moreover, increase in adoption of automation in developed regions such as Europe and North America, propels the demand for the global market. In addition, rise in construction of high-tech airports, shopping malls, grand hotels, and cinema halls is expected to fuel the revolving doors market growth during the forecast period.
During the lockdown, owing to coronavirus situation, various manufacturers in the revolving doors market had to stop their business production in countries such as China, the U.S., and India. This break directly impacted sales of revolving doors companies. In addition, lack of manpower and raw materials led to halt in supply of cutting tools. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of revolving door companies at their full-scale capacities.
Major players adopted product launch and business expansion as their key developmental strategies to improve the product portfolio of the revolving doors market. For instance, in January 2022, Landert Group (Tormax) acquired Albert W. Otto GmbH in Dieburg near Frankfurt in Germany, it focused on developing and manufacturing high grade door frames made of steel and stainless steel. This acquisition aims at improving the product portfolio.
The global revolving door market is segmented on the basis of operation, product type, end-user and region. On the basis of operation, the market is segmented into manual and automatic. In 2021, the automatic segment accounted for the largest share of 67% of the overall revolving doors market share.
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Based on product type, the global market is segmented into three wings, four wings and others. The three wings segment held the largest market share of 46% in 2021. On the basis of end-user, the market is categorized into commercial and industrial. The commercial segment held the largest market share of 80% in the market.
On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe region dominated the market in 2021.
KEY FINDINGS OF STUDY
- The report provides an extensive analysis of the current and emerging global revolving doors market trends and dynamics.
- By operation, the automatic segment dominated the market in terms of revenue in 2021.
- By product type, the three wings segment registered the highest growth in terms of revenue in the global revolving doors market in 2021.
- By end-user, the commercial segment are projected to register the highest growth rate in the coming years.
- A comprehensive analysis of all region is provided to determine the prevailing opportunities.
- The global revolving doors market analysis is conducted by the folowing key product positioning and monitoring of the top competitors within the market framework.
- The global revolving doors market forecast from 2022-2031is included in the report.
- In depth, market analysis is conducted by the global revolving door market estimations for the key segments between 2021 and 2031.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global revolving doors market opportunities.
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