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A gate opener is a device that is used to open or close the gate automatically by an electric impulse. The electric impulse is triggered by remote, sensor or keypad. Gate Openerss are widely utilized in the commercial, residential and industrial applications. Depending on applications, the end-users can choose the type of gate opener as it offers complete value for money. The swing gate openers are low priced as compared to others whereas sliding gate openers can be operated remotely. Moreover, Swing gate opener is highly suitable for people having car at their residence.
The emergence of gate openers is attributed to increased spending in technological developments such as, Internet of Things (IoT), Radio Frequency Identification (RFID), etc. This, utlimately widens the product reach in the global market. Additionaly, it offers security, privacy, cost-effective approach and most importantly, it keeps unathorized vehicles away that provides great degree of security.
The global gate openers market is fragmented with the presence of several global and local manufacturers across the globe. In order to gain competitive advantage, the manufacturers are introducing new security solutions with enhanced features in afordable price. Moreover, the leading manufacturers are adopting mergers and acquisitions strategy to expand the product reach. For insrance, in January 2020, Novoferm GmbH signed an agreement of partnership with KIWI.KI GmbH to integrate KIWI.KI GmbH’s security systems in Novoferm GmbH’s products. The system is integrating in communal and underground garages.
Key Market Driver -
• High demand for security systems • Preference for Internet of Things (IoT) based door openers, especially in commercial applications
Key Market Restraint -
• Unawareness about advanced security solutions amongst end-users • High installation and maintenance cost
Considering all these factors, the global Gate Openers market is expected to observe susbstantial growth in the forecast period. However, the COVID-19 pandemic has susbstantially affected the gate openers market globally. Several coutries in Europe and Asia Pacific have closed down the international borders that results in disrrupted transportation and suply chain processes of gate opener products. Moreover, the struggle with cash flow operations and budget freeze in the first quarter of 2020 is delaying the investment processes in technological development of gate opener solutions. As a result, development of security solutions has become an strategic issue amongst the manufacturers and they are less able to dispense with it in terms of cost cutting.
Key players operating in the global Gate Openers market are Nortek Security and Control, PROTECO Srl, ASSA ABLOY, Nice S.p.A., Honeywell International Inc, FAAC SPA Soc., The Chamberlain Group Inc., Novoferm GmbH, Doorking, Xianfeng Machinery, Ellard, ELKA-Torantriebe GmbH u. Co. Betriebs KG, BISEN SMART ACCESS CO., LTD, Eagle Access Control Systems, Inc., Automatic Technology Pty Ltd and others.
Asia Pacific witnesses to be the fastest growing region during the forecast period. It is attributed to the rise in spending for smart homes and avoiding security threats in industrial areas. Moreover, countries including China, India, Japan and others are highly spending on security solutions that is fuelling the market growth.
Following Asia Pacific, Europe is expected to witness substantial growth, owing to the increasing awareness for residential and industrial security. Moreover, the presence of leading players including, Novoferm GmbH, ASSA ABLOY, Nice S.p.A., and others is also boosting the gate openers market growth.
North America is anticipated to witness steady growth in the forecast period, owing to rise in concerns regarding crime rates and growth in security measures. These factors have boosted the development of technologically advanced gate opener solutions.
Middle East and Africa and Latin America are expected to witness steady growth. It is attributed to the increasing investments in building automation and growth in spending to strengthen the security amongst industrial and commercial applications.
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