DUBLIN--(BUSINESS WIRE )--The "Automatic Door Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automatic door market reached a value of US$ 18.44 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 30.09 Billion by 2027, exhibiting a CAGR of 8.27% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
An automatic door opens and closes when it senses an individual approaching towards it and works based on the changes in sound, light, pressure and motion. It is fast, safe, secure, easy-to-operate, and noise-free and consumes less space, saves energy, provides a hygienic environment and enables easy access to the premises. Consequently, it is widely installed in the residential, commercial and industrial spaces, including hospitals, airports, offices, supermarkets, shopping centers and train stations.
In recent years, the significant growth in the construction industry has emerged as one of the key factors impelling the market growth. Automatic doors are gaining widespread adoption to provide secure and convenient door access to differently-abled individuals. Furthermore, these doors find extensive applications in the defense and military sector to strengthen security, allow safe evacuation and minimize the need for the human workforce. Apart from this, the key market players are providing innovative features, such as bollards, boom barriers, and lock and shutter systems, to expand their market reach.
Apart from this, there is a rise in the demand for automatic doors due to the spread of the coronavirus disease (COVID-19), as these doors provide hands-free access to public places, such as offices and restaurants, and help minimize the risk of transmission. However, the lockdowns imposed by governments of several countries have led to a decline in the operational efficiency of various industries, including construction, which has hampered the market growth. The market is expected to revive once these restrictions are relaxed.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900