Press release
Door And Window Automation Global Market Predicted to Augment and Reach over $24.51 Billion at a CAGR of 6.4% By 2028 | ABB Ltd., Assa Abloy AB, Came SpA, Insteon Inc., Nabtesco Corporation
Door And Window Automation Global Market
The Business Research Company offers in-depth market insights through Door And Window Automation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The door and window automation market size has grown strongly in recent years. It will grow from $17.83 billion in 2023 to $19.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increasing urbanization, rising demand for smart homes, energy efficiency concerns, commercial building construction, security and safety requirements, regulatory compliance..
The door and window automation market size is expected to see strong growth in the next few years. It will grow to $24.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to sustainable building practices, integration with home assistants, e-commerce growth, retrofitting and upgrades, innovation in materials.. Major trends in the forecast period include remote monitoring and control, adoption of iot and connectivity, touchless solutions, customization and personalization, smart glass and dynamic glazing technologies..
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Market Segmentation:
The door and window automation market covered in this report is segmented -
1) By Product: Automated Industrial Doors, Automated Pedestrian Doors, Automated Windows
2) By Component: Access Control Systems, Control Panels, Sensors And Detectors, Motors And Actuators, Other Components
3) By Application: Windows, Industrial Doors, Pedestrian Doors
Major Driver - Rising Adoption Of Automatic Doors And Windows By Aging Population Drives The Market
The rising adoption of automatic doors and windows by the elderly and disabled is significantly contributing to the growth of the door and window automation market going forward. Automatic doors and windows refer to doors and windows that can be remotely and automatically opened. Disability is a general term that includes impairments, activity constraints, and participation limitations. Home modifications like automated doors help elderly and disabled people navigate their homes better and make the doors usable for those who are not able to use a traditional key for entry, such as people in wheelchairs. For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, 1 in 6 people in the world would be 60 years of age or older by the year 2030. At this point, there will be 1.4 billion people, up from 1 billion in 2020, who are 60 years of age or older. The number of people aged 60 and older in the world is expected to double by 2050. Between 2020 and 2050, there would be 426 million more people who are 80 years of age or older than there are now. Therefore, the rising adoption of automatic doors and windows by the elderly and disabled is driving the growth of the door and window automation market.
Competitive Landscape:
Major companies operating in the door and window automation market report are ABB Ltd., Assa Abloy AB, Came SpA, Dormakaba International Holding AG, GEZE International GmbH, Gira Giersiepen GmbH & Co KG, Honeywell International Inc., Insteon Inc., Nabtesco Corporation, Royal Boon Edam International B.V., Schneider Electric SE, Siemens AG, Stanley Black & Decker Inc., Allegion plc, Allied Window Inc., Boon Edam Inc., Gera-Ident GmbH, A-OK Inc., Aluprof S A, Anlin Industries Inc., Arbonia AG, BFT Automation SpA, CR Laurence Co Inc., Centor Group Pty. Ltd., CISA SpA, Ditec Entrematic SpA, Eclisse Srl, Elero GmbH, Entrematic Group AB, FAAC Group, Gretsch-Unitas GmbH, Hormann KG, Jansen AG, Kaba Group, KONE Corporation, Lippert Components Inc., Marvin Windows and Doors, Nice SpA, Pella Corporation, Record SpA, Rite-Hite Holding Corporation .
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Top Trend - Technological Advancements Transforms The Market
Technological advancement is the key trend gaining popularity in the door and window automation market. Major companies operating in the door and window automation market are developing innovative products with advanced technologies to strengthen their position in the market. For instance, in August 2021, Made4CNC, a Denmark-based manufacturer and supplier of industrial equipment, launched the Safedoor SD100, which features automatic door opening and closing technology. The new technology opens and closes CNC machines' heavy doors, which was only possible for very few CNC machines before. At a rate of 500 mm/s, the Safedoor SD100 opens 400 kg, 1 m wide CNC doors that weigh up to 400 pounds. The door opener's galvanically insulated digital inputs and outputs can communicate with any brand of robot or CNC machine.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Door And Window Automation Market Characteristics
3. Door And Window Automation Market Trends And Strategies
4. Door And Window Automation Market - Macro Economic Scenario
5. Door And Window Automation Market Size And Growth
…..
27. Door And Window Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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