Gate openers refers to mechanical systems that move the gate to provide the motion to open and close the gate with efficient and convenient access to the home, office, or industrial facility with an added layer of protection.
The main types of gate openers are sliding gate openers, swing gate openers, and others. Sliding gate opener refers to a mechanical system that is used to slide gates, which open and close horizontally using rollers. The products involved are linear ram, underground, articulated ram, sliding, and others that are used for residential, commercial, industrial, and other applications.
The gate openers market research report is one of a series of new reports from The Business Research Company that provides gate openers market statistics, including gate openers industry global market size, regional shares, competitors with gate openers market share, detailed gate openers market segments, market trends, and opportunities, and any further data you may need to thrive in the gate openers industry. This gate openers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The global gate openers market is expected to grow from $1.46 billion in 2022 to $1.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gate openers market is expected to grow to $1.89 billion in 2027 at a CAGR of 5.1%.
The growing popularity of home automation is driving the growth of the gate opener market going forward. Home automation refers to the network of hardware, communication, and electronic interfaces that connects commonplace products over the internet, in which each item contains sensors and WiFi-connected to control the home via smartphone or tablet remotely. This speeds up mundane tasks, allowing the user increased comfort and convenience. Gate openers in home automation help with advanced control of gates conveniently in remote accessing such as in controlling the gates/garages while arriving or leaving and also to control access of visitors. For instance, according to FutureIoT, a Singapore-based IoT publication, in 2022 more than 54% of US households have at least one smart home gadget, making smart homes the norm due to ease of use, extreme convenience, and an increased sense of security. Additionally, the adoption rates of smart homes have reached 50% in the UK, 40% in Germany, and 38% in France. Therefore, the growing popularity of home automation is expected to propel the growth of the gate opener market.
Technological advancement is the key trend that is gaining popularity in the gate opener market going forward. Major companies operating in the market are focused on research and development for product advancements to gain a competitive edge in the market. For instance, in July 2022, LiftMaster, a US-based company operating in the designing and engineering of residential gate openers, commercial gate operators, and gate entry systems, introduced IHSL24UL, a heavy-duty slide gate operator for moving the largest and heaviest gates used in industrial and guarded industrial applications. IHSL24UL industrial operator is capable of sliding gates up to 5,500 pounds and 90 feet long. Additionally, IHSL24UL consist of heavy-duty driving systems and brushless DC motors which offers high push power with industrial robustness to satisfy the requirements of Class III & IV applications such as manufacturing, transportation, municipality, utility, and warehouse environments.
In November 2021, FAAC Group, an Italy-based multinational company operating in access automation, parking, and access control business in both the residential and industrial acquired Assa Abloy AB for $97.3 million (EUR 100 million). Through this acquisition, FAAC Group aims to be the single supplier of ASSA ABLOY automatic pedestrian door products including swing, slide and revolving door systems and operators in the United Kingdom. Assa Abloy AB is a Sweden-based conglomerate operating in products and services related to locks, doors, gates, and entrance automation.
Major players in the gate openers market are FAAC Group, Chamberlain Group, Nice North America, DoorKing Inc., Novoferm Group, ELKA-Torantriebe GmbH u. Co. Betriebs KG, Bisen Smart Access Co Ltd., Zhejiang Xianfeng Machinery Co Ltd., Dalian Master Door Co Ltd., VMAG Automation Systems, BX Shinsei Seiki Co Ltd., Proteco Srl, Dorene Gate Openers, Al Kuhaimi Metal Industries Ltd., Hy-Security Gate Inc., Viking Access Systems, Automatic Technology Pty Ltd., LiftMaster, USAutomatic LLC, Allegion plc., Somfy, Came SPA, dormakaba Group, GEZE GmbH, Overhead Door Corporation, PILOMAT Srl, S M Dooromatics, Macs Automated Bollard Systems Ltd., RIB Srl, and Skylinkhome.
Asia-Pacific was the largest region in the gate openers market in 2022. The regions covered in the gate openers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the gate openers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The gate openers consists of sales of barrier arm gates, overhead gates, automatic gate openers, electric gate openers, heavy-duty, light-duty and solar gate openers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The global gate openers market is segmented -
1) By Type: Sliding Gate Opener, Swing Gate Opener, Other Types
2) By Product Type: Linear Ram, Underground, Articulated Ram, Sliding, Other Product Type
3) By Application: Residential, Commercial, Industrial, Other Applications