Gate Openers Market Growth, Size, and Demand Forecast by 2024

The global gate openers market size was USD 2.41 billion in 2020 and is projected to grow from USD 2.49 billion in 2021 to USD 3.43 billion in 2028 at a CAGR of 4.6% in the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with gate openers witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a higher growth of 3.4% in 2020 as compared to the average year-on-year growth during 2017-2019. The sudden fall in CAGR is attributable to this market’s growth and demand, returning to pre-pandemic levels once the pandemic is over.

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Recent Industry developments of gate openers market:

• FAAC Group successfully acquired automatic pedestrian doors (APD) and high-speed doors (HSD) business segments of ASSA ABLOY. The strategic acquisition will help FAAC Group augment its operations in research and development division using the technological expertise of ASSA ABLOY and emerge as one of the prominent vendors in the region.
• Somfy, which is engaged in manufacturing and development of opening and closing automation operations in the residential sector and commercial infrastructure, has announced that it successfully undertook 60% of stakes of Repar’s stores. The acquisition will help the company create substantial market opportunities for Somfy in the repair and services sector.

Top Keyplayers of gate openers market:

• Assa Abloy AB (Sweden)
• Allegion (Ireland)
• Somfy (Cluses, France)
• Came S.p.A. (Italy)
• FAAC SPA (Italy)
• Chamberlain Group (CGI) (U.S.)
• dormakaba Group (Switzerland)
• GEZE GmbH (Germany)
• NICE Systems Ltd. (Israel)
• Honeywell (U.S.)
• Overhead Door Corporation (U.S.)
• Legrand (France)
• Zhejiang Xianfeng Machinery Co., Ltd. (China)
• TISO Group of Companies (Ukraine)
• PILOMAT s.r.l. (Italy)
• S M Dooromatics (India)
• Proteco Srl (Italy)
• Macs Automated Bollard Systems Ltd (U.K.)
• RIB Srl (Italy)
• Gandhi Automations Pvt Ltd (India)
• CASIT srl (Italy)
• Skylinkhome (Canada)

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Gate Openers Market Segmentation

Gate Openers Market Share, Size & Industry Analysis, By Product Type (Linear Ram, Underground, Articulated Ram, Sliding, and Others), By Application (Residential, Commercial, Industrial, and Others), and Regional Forecast Between, 2021-2028

Reasons to buy this report:

This report thoroughly examines the competitive dynamics, growth areas, market conditions, and trends in the gate openers market. It assists businesses in identifying opportunities for growth and development while highlighting potential challenges and risks. Stakeholders are assisted in developing more informed investment and market strategies by the report’s assessment of product portfolios and business segments.

A thorough grasp of the industry dynamics outlined in the report can help develop successful success strategies in the gate openers market and greatly improve decision-making. All things considered, this report is an excellent source of information for anyone wishing to learn more about this rapidly changing sector.

Key Report Highlights on the Gate Openers Market:

• Market CAGR for the Forecast Period: Provides insights into the Compound Annual Growth Rate (CAGR) of the Gate Openers Market from 2024 to 2032.
• Comprehensive Analysis of Growth Drivers: Offers a detailed evaluation of the key factors driving the growth of the Gate Openers Market during the forecast period.
• Accurate Market Size and Share Estimates: Precise projections on the size and share of the Gate Openers Market, underscoring its position within the larger market landscape.
• Forecasts on Emerging Trends and Consumer Behavior: Predicts future trends and shifts in consumer behavior relevant to the Gate Openers Market.
• Regional Growth Analysis: Examines the growth of the Gate Openers Market across key regions, including North America, Asia-Pacific (APAC), Europe, South America, the Middle East, and Africa.
• Competitive Landscape Overview: Detailed assessment of the competitive environment, offering insights into the key players within the Gate Openers Market.
• Evaluation of Growth Barriers: Analyzes the challenges that may hinder the expansion of suppliers in the Gate Openers Market.

Regional Atributes:

• North America (By Product Type, Application, and Country)
  • U.S. (By Product Type)
  • Canada (By Product Type)
  • Mexico (By Product Type)
• Europe (By Product Type, Application, and Country)
  • U.K. (By Product Type)
  • Germany (By Product Type)
  • France (By Product Type)
  • Italy (By Product Type)
  • Spain (By Product Type)
  • Russia (By Product Type)
  • BENELUX (By Product Type)
  • Nordics (By Product Type)
  • Rest of Europe
• Asia Pacific (By Product Type, Application, and Country)
  • China (By Product Type)
  • India (By Product Type)
  • Japan (By Product Type)
  • South Korea (By Product Type)
  • ASEAN Countries (By Product Type)
  • Australia (By Product Type)
  • Rest of Asia Pacific
• Middle East & Africa (By Product Type, Application, and Country)
  • GCC (By Product Type)
  • South Africa (By Product Type)
  • Rest of the Middle East & Africa
• South America (By Product Type, Application, and Country)
  • Brazil (By Product Type)
  • Argentina (By Product Type)
  • Colombia (By Product Type)
  • Rest of South America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Gate Openers Market Drivers and restrains:

• Drivers:
  • Increasing Security Concerns: Growing concerns about security and safety drive the demand for automated gate openers, which offer enhanced security features for residential and commercial properties.
  • Rise in Smart Home Technology: The integration of gate openers with smart home systems and IoT technology boosts market growth by offering convenience and remote control capabilities.
  • Urbanization and Property Development: The expansion of urban areas and new property developments increases the need for efficient and modern gate solutions, including automated gate openers.
  • Advancements in Technology: Innovations in gate opener technology, such as improved automation, better sensors, and enhanced durability, attract consumers looking for advanced and reliable solutions.
  • Increased Awareness of Property Value: Awareness of the role of gate openers in enhancing property value and curb appeal drives adoption among homeowners and property developers.
• Restraints:
  • High Initial Costs: The significant upfront cost of purchasing and installing automated gate openers can be a barrier for budget-conscious consumers and small property owners.
  • Maintenance and Repair Costs: Ongoing maintenance and potential repair costs for gate openers can impact the overall cost of ownership and deter some consumers.
  • Power Dependency: Many gate openers rely on electrical power, which can be a limitation in areas with unreliable power supply or during power outages, affecting functionality.
  • Complex Installation Requirements: The installation process for automated gate openers can be complex and may require professional assistance, increasing overall costs and complexity for consumers.
  • Compatibility Issues: Compatibility issues with existing gate structures or other systems can pose challenges, leading to additional costs and potential delays in implementation.

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