Growth In Sales of Door and Window Automation Market To Push Revenue Growth In Market : Fact.MR

A recently revamped Fact.MR study forecasts that the market for door and window automation is slated to grow at a CAGR of 5% from 2022 to 2032, closing in at a valuation of US$ 20 Bn. Extensive reliance on automated technologies to improve building security is generating a fertile ground for door and window automation solutions,

From 2017 to 2021, demand for door and window automation systems expanded at a CAGR of 4%. During the COVID-19 pandemic, prospects declined significantly, as mandatory lockdowns led to shutting down of industrial facilities. However, since mid-2021, prospects began to rebound.

Sensors for smoke, rain, wind, and carbon dioxide are installed indoor and window automation systems. As a result, the technology is gaining traction as the demand for advanced security systems for commercial and residential spaces grows.

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Key Takeaways from the Market Study

• Global Automated Industrial Doors market to reach US$ 14 Bn by 2022
• By product, automated pedestrian doors to accumulate 33% revenue
• Commercial buildings to emerge as dominant application sector, valued at US$ 8 Bn
• Demand for Automated Industrial Doors in industrial building to surge at more than 4% CAGR through 2032
• Asia-Pacific to be the most opportunistic region, accumulating 40% revenue
• Market value for Automated Industrial Doors in the U.S to be valued at US$ 6.2 Bn in 2022
• China to emerge as a lucrative market in Asia, accumulating over US$ 5 Bn by 2032

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Competitive landscape

• Assa Abloy acquired a majority stake in Agta Record (Switzerland) in August 2020, with approximately 93 percent of the share capital and voting rights. Agta Record is a global leader in the manufacture of automatic door systems. This acquisition will assist the company in expanding its door product portfolio and increasing its presence in the European region.
• Allegion plc, a leading global security product and solutions provider, announced the acquisition of Yonomi in 2021. Yonomi’s patented technology and technical capabilities will be used to enhance Allegion’s vision of seamless access while also improving software development capabilities.
• Builders FirstSource Inc. completed the merger with BMC Stock Holdings in January 2021 to become the country’s premier supplier of a wide range of building materials and services.

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Demand for Automated Industrial Doors systems in commercial buildings is projected to increase at a CAGR of 4% across the assessment period of 2021 to 2031.

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