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The global gate openers market size was USD 2.41 billion in 2020. The market 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.
The increased infrastructure development and prominence of renovation and redevelopment of security standards are anticipated to drive the market at a noteworthy pace. Additionally, the development of innovative solutions and high-end products is expected to fuel the market growth.
COVID-19 Uncertain Scenarios in Global Construction and Interior Development Sector to Obstruct Growth
The COVID-19 pandemic affected gate openers market growth owing to the downturn in the construction sector and reduction in infrastructure renovation have derailed the market growth projections for the first quarter of the market. However, post return to normalcy and initiation of operations in the construction sector, the market witnessed sour sales of these products. Mergers and acquisitions by manufacturers have helped the market players to maintain their effective operations in diverse regions within the market. Additionally, investments made for the development of healthcare and medical infrastructure could augment commercial construction activities, thus elevating opportunities of commercial construction activities and automated gates sales.
Widespread supply chain disruptions during the first half of the outbreak at the beginning of the pandemic lowered development prospects in the first half of forecast period. However, distributors and retailers consumed balance inventories, and after the resumption of manufacturing activities in diverse economies, the market returned positive growth projections. Thus, looking at long-term prospects, COVID-19 had a minimal effect on the market's progression.
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Incorporation of IoT and AI-Based Technology with Automated Gates to Attract Consumer Demand
The Internet of Things (IoT) and artificial intelligence have created a new buzz in infrastructure security and opening & closing the automation business ecosystem. Increasing internet penetration and availability of high-speed connections across the globe have paved the way for high-tech gate openers’ production capable of command door opening from any remote location. The individual needs to connect to the internet and access the door controls using authorized access to navigate the door's movement.
ASSA ABOLY is working extensively in the research & development division to integrate new and advanced technologies in the current door opening system. The organization provides a new high-end technology, Aperio. It is aimed to provide customers with better and more intelligent ways to enhance security solutions. Furthermore, ASSA ABOLY has ventured into investments to diversify a portfolio of entrance environments and door opening platforms.
Safe and Secured Mode of Operation and Extensive Reduction in Operational Cost to Boost Gate Openers’ Installation
The installation of automated openers provides customers complete control over closing and opening the gate and decide the individuals or the vehicles allowed inside the premises. The automated gates eliminate the requirements of security personnel who are otherwise deployed to attend and authorize the vehicles at the entrance. The advanced opening systems are also integrated with the ability to put on notifications on the attached smartphones, tablets, or laptops about the people entering inside the infrastructures, allowing the operators to maintain timely data about the entry and exit of individuals.
Additionally, natural gas or wood pellet burning has a discouraging factor of 50% to 70% energy losses varying according to various factors. On the other hand, its counterparts operating on electric power have almost negligible energy losses, prompting substantial market performance. Moreover, the electric-powered fireplaces eliminate the requirement of chimney, wood log storage space or piped gas connection for installation. Easy installation and reduced expenditure on chimney cleaning are also affecting the buying decisions of customers.
High Initial Cost Involved in Purchase and Installation is anticipated to Curb Market Development
Initial cost and installation involved in procurement and installation of automated openers is the main concern derailing the sales growth rate of the market. Advanced high-tech gates that come with additional features also incur a heavy toll of cost than other conventional gates. Additionally, these gates come with numerous accessories, which require timely and professional maintenance, which adds overhead operational cost, thereby minimizing the acceptance of advanced gates.
The automated gates primarily run on electric power, so in situations of power failures, the automatic gate access systems fail in operation. Thus, the owner or facility operator is also required to plan the structure of an electricity backup generator, increasing the incurred cost for initial installation.
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Linear Ram Segment to Outpace its Peers Owing to its Extensive Cost Effectiveness across the Global Market
By product type, the market is classified into linear ram, underground, articulated ram, sliding, and others. The availability of diverse linear ram products and development and gate openers production of cost-effective solutions is the major perk contributing to the segment's impressive performance. Most manufacturers are putting substantial efforts and making heavy investments in developing linear ram openers to incorporate diversity in their product portfolio. Furthermore, the installation of linear ram openers is more apt in crammed spaces and limited side room, which is pivoting the development of the segment in the market.
The articulated ram segment is projected to retain its second spot with noteworthy market segments and decent growth perspectives across the global market. The considerable pace of operation and notable duty cycles provide a much more efficient mode of actuation, which is one of the beneficial factors behind the performance of the market. Articulated rams are cables that handle the complete weight of gates, thus protecting hinges and brackets from excessive wear and tear operation of the gates.
Commercial and Industrial Application to Collectively Dominate the Market Over the Forecast Period
By application, the global market is classified into residential, commercial, industrial, and others. The continuous effort to automate operations by commercial facility operators and the integration of automation techniques by numerous industries to increase security and reliability at their infrastructure are anticipated to boost the growth prospects of the market.
Commercial applications require stringent security standards or industrial facilities where trespassing or unauthorized access is strictly prohibited. Innovative automated gates for commercial application or industrial facilities come with customizable options that allow the operator to incorporate a wide variety of locking mechanisms to improve overall security in the operations. Additionally, exhaustive investments in infrastructure development are further augmenting installations and sales of gate openers in diverse regions.
Asia Pacific Gate Openers Market Size, 2020 (USD Billion)
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Geographically, the market share is broken down into North America, South America, the Middle East & Africa, Europe, and Asia Pacific.
Asia Pacific is estimated to hold a substantial share in the global market and is projected to progress at a substantial pace over 2021-2028. The region will witness growth led by the high demand for automated products and the introduction of customizable and advanced remote-controlled gate operators. Furthermore, the shift of customers from traditional gate security consisting of security guards and hiring security agencies toward completely automated and reliable automatic operations might strengthen sales of the products in the optimistic market of Asia Pacific.
India is anticipated to Exhibit Promising Growth with Increasing Development of Smart Cities
In terms of market growth, India is projected to progress significantly throughout the forecast period. The increasing attraction of automated technologies in a variety of new infrastructures in the country is expected to maneuver the growth rate projections of the regional market. Many facility operators in the region are looking to eliminate high overhead operational costs associated with hiring security services and deploying guards at the gates. The companies are looking to automate these services, and without compromising, the security companies will have cost-effective mode of operation. After the subsequent waves of the COVID-19 pandemic outbreak, the Government of India has made substantial investments in healthcare infrastructure development, which also intensified sales of automated gates at medical and healthcare facilities.
Rising demand for electric and automated gate openers embedded with features such as smart connectivity AI-based and Internet of Things (IoT) integrated operation is propelling the market growth rate across Europe. Additionally, the promising performance of key players operating in the market, their extensive market reach within the region, and established distribution channels will elevate the market share of Europe. Most manufacturers have their manufacturing operations in the aforementioned region. Manufacturing in the regional market reduces import-export duties associated with products, and cost-effective products increase the influx of customers toward the market.
In South America and the Middle East & Africa, limited performance of prominent vendors and certain loopholes in the supply chain and market are restricting the performance of the market. With limited prospects for the possible market growth and a specific set of target customers in the region, key players are quite hesitant to venture into the market and make noteworthy investments to establish themselves in the region.
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North America is anticipated to grow with a steady growth rate over the forecast period. Already established market in the region and using automated gates leave limited opportunities for the market. Although the market could witness considerable demand from newly developed infrastructures in the region. The increasing security consultation organizations in multiple states across the U.S. are resulting in newer development prospects of the regional market. For instance, Access Security Corporation is a security solution installation and consulting firm which operates significantly in New Jersey, Philadelphia, and Delaware states. The company provides easy and convenient automated machines installations. The organization provides professional and skilled technicians who increase effectiveness operationally and provide extended servicing life of automated machines. The positive feedback from the users might create a positive medium for marketing inducing sales of the market.
Key Companies to Prioritize Partnerships and Other Strategies to Expand Market Presence
Major market players are emphasizing the development of novel solutions to propel their growth prospects in the global market. In addition, many established players are relying on strategies such as collaborations, acquisitions, and mergers to inculcate diversity in their respective product portfolios and boost presence across multiple regions. The increasing participation of key players from diverse geographies creates a fierce and intense competition landscape within the global market. Assa Abloy AB, Allegion, Somfy, Came S.p.A., and FAAC SPA are identified as the top contenders with promising market shares in the global market.
An Infographic Representation of Gate Openers Market
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The global gate openers market research report provides an in-depth analysis of the industry dynamics and competitive landscape. The report also provides market estimation and forecast based on product type, Industry and regions. It provides various key insights, including recent industry developments in the market such as mergers & acquisitions, macro and microeconomic factors, SWOT analysis, and company profiles.
Value (USD billion)
Product Type, Application, and Region
By Product Type
Fortune Business Insights says that the global market size was USD 2.41 billion in 2020 and is projected to reach USD 3.43 billion by 2028.
In 2020, the market value in Asia Pacific stood at USD 0.81 billion.
Registering a CAGR of 4.6%, the market will exhibit steady growth during the forecast period (2021-2028).
The industrial segment is expected to lead this market during the forecast period by application.
Safe and secured operation coupled with a considerable reduction in the operational cost are the key factor driving the market.
Assa Abloy AB, Allegion, Somfy, Came S.p.A., and FAAC SPA are the major players in the global market.
Asia Pacific dominated the market in terms of share in 2020.
High initial cost involved in purchase and installation to curb the market's sales.
Liner Ram is expected to drive the adoption of the product during the forecast period.
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