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| Global Revolving Doors Market Growth |
The Global Revolving Doors Market is used as an architectural space-saving
structure allowing access from one side to the other. Revolving doors help
reduce energy usage by preventing unwanted air exchange between indoor and
outdoor environments. The Global Revolving Doors Market provides advantages
such as durability, security, low maintenance, and aesthetics for commercial
spaces. Revolving doors are essential for high traffic public spaces like
airports, shopping malls, hotels, restaurants, and hospitals.
The Global Revolving Doors Market is estimated to be
valued at US$ 1,242.84 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period
2024 to 2031.
Key Takeaways
Key players operating in the Global
Revolving Doors Market Growth are Shanghai Yupeng Glass Products Co.,
Ltd., Shijiazhuang Depuer Automatic Door Control Co., Ltd., Nanjing Maosong
Automatic Door Co., Ltd., Beijing Hongtai Dingcheng Automatic Door Technology
Co., Ltd., Hefei Tongsheng Doors and Windows Co., Ltd., Qingdao Kaibisheng
Automatic Door Engineering Co., Ltd., Hualong Dingsheng Technology Co., Ltd.,
Zhuhai Jiaxin Building Materials Co., Ltd., Boon Edam, ASSA ABLOY, Geze, KONE,
ASSA ABLOY AB, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics,
Manusa, Royal Boon Edam International B.V, Stanley Access Technologies LLC, and
TORMAX USA Inc. The growing demand for revolving doors from commercial spaces
is boosting the market growth.
The global expansion of key players into developing markets is driving the
Global Revolving Doors Market. Key players are focusing on mergers and
acquisitions to expand their product portfolio and global footprint.
Market drivers
The key driver for the Global Revolving Doors Market is energy efficiency.
Installing revolving doors in buildings significantly reduces energy usage by
preventing warm or cool air from escaping through entryways. Revolving doors
provide a tightly sealed passage minimizing unwanted air exchange between
indoor and outdoor environments. This results in reduced heating and cooling
costs for commercial facilities driving the demand for revolving doors
globally.
Current geopolitical situations are impacting the growth of the Global
Revolving Doors Market. The ongoing Russia-Ukraine war has disrupted supply
chains and led to rising prices of raw materials like steel and aluminum which
are key components in revolving doors. This has increased production costs for
manufacturers. Additionally, economic sanctions on Russia by western nations
have made it difficult to import and export revolving doors between these
regions. The conflict has also diminished commercial construction activities in
Eastern Europe which is a significant market for revolving doors. All these
factors are expected to hamper the growth of the revolving doors market in the
short term.
To counter these challenges, market players will need to focus on developing
cost-effective alternative materials and optimizing supply chains. Strategic
partnerships with local players in different countries can help boost
manufacturing and distribution networks in volatile geopolitical conditions.
Companies must also seek opportunities in other fast growing regions like Asia
Pacific and Middle East where ongoing infrastructure development offers
potential for market expansion. Diversifying product portfolios with automated
door solutions that have higher margins can help maintain profitability until
global trade and economic stability is restored.
In terms of value, the Global Revolving Doors Market is concentrated majorly in
North America and Europe. The commercial real estate boom and stringent norms
regarding energy-efficiency in buildings across USA, Canada and Western
European countries account for over 60% of the total revolving doors demand.
Going forward, Asia Pacific region dominated by China, India and Southeast
Asian markets is expected to be the fastest growing regional market between
2024 to 2031. Rapid urbanization, growing middle class population and increased
investment in commercial infrastructure like airports and shopping malls offers
lucrative prospects for revolving door suppliers seeking to expand operations
in Asia.