Revolving Doors Market Share, Analysis, Regional Growth and Forecast by 2031
The Revolving Doors Market is estimated to reach $1.4 billion by 2031
The Revolving Doors Market Share 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 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.
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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.
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.
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.
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