Global Door Closers Market Outlook to 2024: Opportunities in Product Innovations Driving Adoption, Increasing Demand in Emerging Markets, & Rising Demand for Concealed Door Closers

5/22/2019, 10:45 AM (Source: GlobeNewswire)

Dublin, May 22, 2019 (GLOBE NEWSWIRE) -- The "Door Closers Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global door closers market is expected to reach around $3 billion, growing at a CAGR of around 4% during 2018-2014.

The rising urban population and the growing residential and commercial sector have fueled the growth of the global door closers market. The rapidly improving infrastructure, coupled with economic development, rising share of corporate profits, improving lifestyle, and fast-growing construction output, especially in the North America, Europe, and APAC regions, is expected to increase revenue in coming years. Key players in the global door closers market are continuously upgrading their product lines to comply with changing regulations and consumer demands, thereby driving the global door closers market.

Growth in urbanization, increase in construction and renovation activities, and compliance to stringent government policies have driven the global door closers market. There is high demand for innovative door closers such as hydraulic doors, electromechanical doors from consumers. Vendors are focusing on implementing new technologies in their products. This, in turn, is expected to drive the growth of the global door closers market across geographies.

Global Door Closers Market: Dynamic

Major players in the market are investing in R&D activities to improvise their product portfolio. Top-notch manufacturers such as Allegion and ASSA ABLOY have introduced closers that meet the recently updated BS8300 standards for low opening forces, CE marking, and abide by fire regulations.

ASSA ABLOY introduced CAM-Motion technology, which combines an integrated damping devices with door closers, thereby allowing the door to close quietly, safely, and securely at a regulated speed. Also, the company launched Close-Motion technology, which enables the door to close silently.

Global Door Closers Market: Segmentation

This market research report includes a detailed segmentation of the global door closers market by product type, pressure type, operations, end-users, and geography. The global door closers market by product types comprises mechanical and electromechanical. The mechanical segment is gaining popularity and is expected growing at a CAGR of 4.5% during the forecast period. Backcheck, closing speed, closing delay, and latching action are the four main functions of mechanical doors.They ensure smooth passage of individuals and can effectively retain heat inside premises, thereby reducing dependency on air conditioners. North America accounted for the largest market for mechanical doors in 2018.

The global door closers market by pressure type is broadly classified into hydraulic and pneumatic segments. Although the hydraulic door closer market is dominating, the market for pneumatic door closer is expected to grow at a faster CAGR than hydraulic closers during the forecast period. The hydraulic segment captured more than half of the global door closers market in 2018. Hydraulic closers are an ideal choice in the commercial sector. They come with a controllable latch system, which is used as a security lock to close the door. Hydraulic closers generally use a special hydraulic fluid or a lightweight oil. Since the liquid cannot be compressed, it contains a powerful spring to protect against the powerful wind and allow smooth operations of heavy doors. They also provide a uniform closing speed, thereby preventing the bouncing of the door just before it latches. North America dominated the hydraulic door closers market with market share of 39% in 2018.

The global door closers market by operation types is classified into overhead, floor spring, and integrated. All these types can be installed on aluminum, wooden, or glass doors. They are versatile and offer high durability. The overhead door closers segment dominates the market due to the wide usage in the commercial sector. The segment is expected to grow at a CAGR of around 4% during the forecast period. Further, they are classified into three variants - regular arm, top jam, and parallel arm.

The global door closers market by end-user can be classified into commercial and residential. The commercial segment dominates the global door closers market due to the rise of modern commercial construction worldwide. The rapid growth in commercial real estate market has boosted the global door closers market. The US, Canada, China, Brazil, Germany, the UK, Australia, Hong Kong, Japan, and Singapore are a few major markets for commercial property construction.

Key Vendor Analysis

The global door closers market is highly competitive with the presence of several public and private companies. These vendors are competing on multiple parameters such as product design, quality, reliability, support services, and pricing. Rapid technological advancements are adversely impacting market vendors as consumers are expecting continuous innovations. The report profiles leading players in the market and provides a complete value chain analysis of the market.

Major Vendors:

  • ASSA ABLOY
  • Dormakaba
  • Allegion
  • Geze GMBH
  • Gretsch-Unitas (G-U)

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market At A Glance

7 Introduction

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rising Construction of Commercial Real Estate
8.1.2 Growing Number of Residential Units
8.1.3 Growth of Travel & Tourism Industry
8.2 Market Growth Restraints
8.2.1 Fluctuating Prices of Raw Materials
8.2.2 Implementation of Stringent Regulations
8.3 Market Opportunities & Trends
8.3.1 Product Innovations Driving Adoption
8.3.2 Increasing Demand in Emerging Markets
8.3.3 Rising Demand for Concealed Door Closers

9 Global Door Closer Market
9.1 Market Overview
9.2 Five Forces Analysis

10 By Product Type
10.1 Market snapshot & Growth Engine
10.2 Market Overview
10.3 Mechanical
10.4 Electromechanical

11 By Pressure Type
11.1 Market snapshot & Growth Engine
11.2 Market Overview
11.3 Hydraulic
11.4 Pneumatic

12 By Operation Type
12.1 Market snapshot & Growth Engine
12.2 Market Overview
12.3 Overhead Door Closers
12.4 Floor Spring
12.5 Integrated Door Closers

13 By End Users
13.1 Market snapshot & Growth Engine
13.2 Market Overview
13.3 Commercial
13.3.1 Market Size & Forecast
13.3.2 By Geography
13.3.3 Hospitality
13.3.4 Corporates
13.3.5 Healthcare
13.3.6 Government Facilities
13.3.7 Educational Institutes
13.3.8 Others
13.4 Residential
13.4.1 Market Size & Forecast
13.4.2 By Geography

14 By Geography
14.1 Market Snapshot & Growth Engine
14.2 Market Overview

15 North America

16 European

17 APAC

18 Middle East And Africa

19 Latin America

20 Competitive Landscape

21 Key Company Profiles
21.1 Assa Abloy
21.1.1 Business Overview
21.1.2 Major Product Offerings
21.1.3 Key Strengths
21.1.4 Key Strategies
21.1.5 Key Opportunities
21.2 DORMAKABA
21.3 Allegion
21.4 Geze gmbh
21.5 Gretsch-Unitas (G-U)

22 Other Prominent Vendors
22.1 Hager Group
22.1.1 Business Overview
22.1.2 Major Product Offerings
22.2 Dom
22.3 ISEO
22.4 Lawrence Hardware Inc
22.5 Dynasty Hardware
22.6 Wright Products
22.7 Dorence Industries
22.8 tell Manufacturing
22.9 Cal-Royal
22.10 Godrej
22.11 Oubao Security Technology
22.12 SUZHOU FUERDA INDUSTRY CO., LTD.
22.13 ABUS
22.14 Guangdong Archie Hardware
22.15 C.R. Laurance
22.16 Deltana enterprises Inc.
22.17 Kason Hardware Inc.
22.18 Rejunevation Inc
22.19 Prime-line
22.2 Ryobi

For more information about this report visit https://www.researchandmarkets.com/r/jhaqcq

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