Global Door Closer Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Door Closer Market Overview
“The global Door Closer market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
A door closer is a hydraulic device that can be used to automatically close a door. Door closers are commonly used as a fire prevention measure, typically installed on fire doors, as well as helping to prevent draughts.
They are available in all price ranges, including budget models as well as more expensive ones and can be fitted to different door types including manual, automatic, and electromagnetic open/shut swing varieties doors.
Increasing disposable income coupled with changing lifestyles are the major factors expected to drive the growth of the global market.
In addition, increasing investment in home automation solutions coupled with changing consumer shift towards connected devices is another factor expected to drive the growth of the global door closer market.
Also, the major reason that drives the market is increasing security concerns across various regions, which is mandating the need for the installation of such high-security door closer systems in residential and commercial spaces.
Recent trend shows that an increase in R&D investments have realized the huge potential in the door closers and pushed manufacturers to focus on innovative door closers to satisfy consumers.
Customers are increasingly demanding door closers with innovative designs and look to enhance their homes. However, lack of product differentiation acts as a restraining factor for the growth of the door closer market.
North American market is accounted for highest revenue share in the global door closer market over the forecast period, owing to the strong home automation industry and people are willing to spend high on home automation solutions in the region.
Due to various benefits such as reduced energy consumption, carbon footprint, high security, and low operating costs, recent years witnessed a rise in the adoption of intelligent building management systems in both commercial and residential spaces.
Furthermore, the Asia Pacific market is holding the second-highest revenue share in the global door closer market, due to the increasing disposable income levels in the emerging countries. Additionally, growth in the urban population across the globe, especially in countries such as China and India, will result in a rise in construction activities, which will also aid in increasing demand for door closers.
According to current regulations such as Regulatory Reform (Fire Safety) Order: 2005, Regulation 38 of the Building Regulations (England and Wales), etc., door closers should be fitted onto any fire doors, to ensure that they always close correctly after opening, unless the fire door only opens into a cupboard.
Global Door Closer Market Segmentation:
By Product type:
- Automatic door closers
- Manual door closers
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Stanley Security Solutions, Inc.
- ASSA ABLOY Group
- Cal-Royal Products, Inc.
- Allegion plc
- Oubao Security Technology Co., Ltd.
- Suzhou Fuerda Industry Co., Ltd.
- Ozone Overseas Pvt. Ltd
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