Global Gate Openers Market Size 2024, Forecast To 2033
11 Mar, 2024
The gate openers market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growing introduction of telescopic gates, growth in the construction industry and increasing incidences of theft. The gate openers market size is expected to see strong growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing investments for home remodeling and renovation activities and rising infrastructure investment. Major trends in the forecast period include research and development for technological product advancements to gain a competitive edge in the market, focus on the launch of new products to provide durable and reliable security and focus on strategic acquisitions to improve their financial strength, strengthen their product portfolio and expand their geographical presence in the market.
Global Gate Openers Market Key Driver
The increasing adoption of home automation is a key driver behind the growth of the gate opener market. Home automation involves interconnected hardware, communication systems, and electronic interfaces enabling remote control via smartphones or tablets. This trend, providing increased comfort and convenience by automating daily tasks, extends to gate openers, allowing advanced control over gates for enhanced security and accessibility. FutureIoT, a Singapore-based IoT publication, reported in 2022 that over 54% of US households have embraced at least one smart home gadget, making smart homes increasingly common due to their ease of use and convenience. Adoption rates in the UK, Germany, and France have also reached significant levels. The growing popularity of home automation is expected to drive the growth of the gate opener market, with projected market sizes of 2023: [Insert 2023 market size], 2024: [Insert 2024 market size], and 2028: [Insert 2028 market size].
Get A Free Sample Of The Global Gate Openers Market ReportGlobal Gate Openers Market Segments
The gate openers market covered in this report is segmented –
1) By Type: Sliding Gate Openers, Swing Gate Openers, Overhead Gate Openers
2) By Product Type: Linear Ram, Underground, Articulated Ram, Sliding, Other Product Types
3) By Application: Residential, Commercial, Industrial, Other Applications
By Geography:The regions covered in the gate openers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the gate openers market in 2023. The regions covered in the gate openers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Gate Openers Industry Players
Chamberlain Group, Overhead Door Corporation, Assa Abloy AB, The Nice Group, Hy-Security Gate Inc.,DoorKing Inc., Bisen Smart Access Co Ltd., Zhejiang Xianfeng Machinery Co Ltd., FAAC SPA, US Automatic LLC, Giant Alarm System Co., Ltd, Suyuan International Limited, E-Power Industries Limited, Lift Master, ABA Automatic Gates, Fujian province, Automatizaciones Samson S.A, Door Superstore, TOPENS, Arami S.A., London Door Company, Solidor, Cerberus Doors, Doortal, Hörmann, SECO GROUP, Smart Gate Solutions, DEA System S.p.A, RCG Electronics, Vitralu, Sputnik LLC, BFT Mexico, RIB Mexico, Rozziere, AUTOMATIC GATES-2000 LLC, Mighty Mule, Linear LLC, Stanley Access Technologies, GateMaster, Super Lift S.A.C., GTO Access Systems, PPA S.A, Innovación Electrónica, Puertas Batientes S.R.L, CAME Group Colombia, Al-Bahar Gate Automation, Toshiba Johnson Elevators Qatar, BENINCA Group Israel, Sigma Egypt, Alba Smart Solutions Kenya, Egyptian Gate Systems, Prosecure Nigeria Limited, ET Systems, Centurion Systems
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Gate Openers Market Overview
Gate openers refer 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.
Gate Openers Global Market Report 2023 provides data on the global gate openers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gate openers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.