AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

$3 Bn Door Closers Market Outlook - Global Forecast to 2024 - ResearchAndMarkets.com

May 22, 2019

DUBLIN--(BUSINESS WIRE)--May 22, 2019--

The “Door Closers Market - Global Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global door closers market is expected to reach around $3 billion, growing at a CAGR of around 4% during 2018-2014.

The rising urban population and the growing residential and commercial sector have fueled the growth of the global door closers market. The rapidly improving infrastructure, coupled with economic development, rising share of corporate profits, improving lifestyle, and fast-growing construction output, especially in the North America, Europe, and APAC regions, is expected to increase revenue in coming years. Key players in the global door closers market are continuously upgrading their product lines to comply with changing regulations and consumer demands, thereby driving the global door closers market.

Growth in urbanization, increase in construction and renovation activities, and compliance to stringent government policies have driven the global door closers market. There is high demand for innovative door closers such as hydraulic doors, electromechanical doors from consumers. Vendors are focusing on implementing new technologies in their products. This, in turn, is expected to drive the growth of the global door closers market across geographies.

Global Door Closers Market: Dynamic

Major players in the market are investing in R&D activities to improvise their product portfolio. Top-notch manufacturers such as Allegion and ASSA ABLOY have introduced closers that meet the recently updated BS8300 standards for low opening forces, CE marking, and abide by fire regulations.

ASSA ABLOY introduced CAM-Motion technology, which combines an integrated damping devices with door closers, thereby allowing the door to close quietly, safely, and securely at a regulated speed. Also, the company launched Close-Motion technology, which enables the door to close silently.

Key Vendor Analysis

The global door closers market is highly competitive with the presence of several public and private companies. These vendors are competing on multiple parameters such as product design, quality, reliability, support services, and pricing. Rapid technological advancements are adversely impacting market vendors as consumers are expecting continuous innovations. The report profiles leading players in the market and provides a complete value chain analysis of the market.

Major Vendors:

  • ASSA ABLOY
  • Dormakaba
  • Allegion
  • Geze GMBH
  • Gretsch-Unitas (G-U)

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the study

4.4 Market Segments

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market At A Glance

7 Introduction

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Rising Construction of Commercial Real Estate

8.1.2 Growing Number of Residential Units

8.1.3 Growth of Travel & Tourism Industry

8.2 Market Growth Restraints

8.2.1 Fluctuating Prices of Raw Materials

8.2.2 Implementation of Stringent Regulations

8.3 Market Opportunities & Trends

8.3.1 Product Innovations Driving Adoption

8.3.2 Increasing Demand in Emerging Markets

8.3.3 Rising Demand for Concealed Door Closers

9 Global Door Closer Market

9.1 Market Overview

9.2 Five Forces Analysis

10 By Product Type

10.1 Market snapshot & Growth Engine

10.2 Market Overview

10.3 Mechanical

10.4 Electromechanical

11 By Pressure Type

11.1 Market snapshot & Growth Engine

11.2 Market Overview

11.3 Hydraulic

11.4 Pneumatic

12 By Operation Type

12.1 Market snapshot & Growth Engine

12.2 Market Overview

12.3 Overhead Door Closers

12.4 Floor Spring

12.5 Integrated Door Closers

13 By End Users

13.1 Market snapshot & Growth Engine

13.2 Market Overview

13.3 Commercial

13.3.1 Market Size & Forecast

13.3.2 By Geography

13.3.3 Hospitality

13.3.4 Corporates

13.3.5 Healthcare

13.3.6 Government Facilities

13.3.7 Educational Institutes

13.3.8 Others

13.4 Residential

13.4.1 Market Size & Forecast

13.4.2 By Geography

14 By Geography

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

15 North America

16 European

17 APAC

18 Middle East And Africa

19 Latin America

20 Competitive Landscape

21 Key Company Profiles

21.1 Assa Abloy

21.1.1 Business Overview

21.1.2 Major Product Offerings

21.1.3 Key Strengths

21.1.4 Key Strategies

21.1.5 Key Opportunities

21.2 DORMAKABA

21.3 Allegion

21.4 Geze gmbh

21.5 Gretsch-Unitas (G-U)

22 Other Prominent Vendors

22.1 Hager Group

22.1.1 Business Overview

22.1.2 Major Product Offerings

22.2 Dom

22.3 ISEO

22.4 Lawrence Hardware Inc

22.5 Dynasty Hardware

22.6 Wright Products

22.7 Dorence Industries

22.8 tell Manufacturing

22.9 Cal-Royal

22.1 Godrej

22.11 Oubao Security Technology

22.12 SUZHOU FUERDA INDUSTRY CO., LTD.

22.13 ABUS

22.14 Guangdong Archie Hardware

22.15 C.R. Laurance

22.16 Deltana enterprises Inc.

22.17 Kason Hardware Inc.

22.18 Rejunevation Inc

22.19 Prime-line

22.2 Ryobi

For more information about this report visit https://www.researchandmarkets.com/r/2iowt2

View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005317/en/

CONTACT: 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

Related Topics:Doors and Windows

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/22/2019 04:37 AM/DISC: 05/22/2019 04:37 AM

http://www.businesswire.com/news/home/20190522005317/en

All contents © copyright 2019 The Associated Press.All rights reserved.