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Global Gate Openers Market to reach USD 3.73 billion by the end of 2030.

Global Gate Openers Market Size Study & Forecast, by Product Type (Linear Ram, Underground, Articulated Ram, Sliding, Others), by Application (Residential, Commercial, Industrial, Others), and Regional Analysis, 2023-2030

Product Code: OIRHG-82005374
Publish Date: 20-12-2023
Page: 200

Global Gate Openers Market is valued at approximately USD 2.60 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2023-2030. Gate openers are devices designed to open and close gates automatically that are commonly used for driveways, fences, and other entry points to properties. The main purpose of gate openers is to enhance security and convenience by allowing users to control access to their premises without having to manually open and close the gate. The market is poised to experience significant growth due to the rising emphasis on infrastructure development and the increasing focus on enhancing security standards through renovation and redevelopment. Furthermore, the market is expected to be driven by the factors such as the rising introduction of cutting-edge solutions and high-quality products, along with growing concern regarding security.

In addition, the rapid proliferation of smart homes is fueling the demand for gate openers, which is augmenting the market growth around the world. Smart gate openers are integrated with other smart home devices, such as security systems, lighting systems, and access control systems, to provide a seamless and secure experience for users. According to the Statista, in 2021, there were approximately 262.57 million users of smart homes were recorded around the world. Also, the figure is constantly rising and is projected to reach 672.57 million users by 2027. Thus, these aforementioned factors are propelling the growth of the Gate Openers Market over the estimated period. Moreover, the rising incorporation of IoT and AI-based technology with automated gates, as well as the growing urbanization and infrastructure development present various lucrative opportunities over the forecast years. However, the high initial cost involved in purchase and installation, along with the security vulnerabilities are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Gate Openers Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the proliferation of security consultation firms across various states in the U.S. generating lucrative opportunities for regional market growth. The rising integration of gate openers with renewable energy sources, such as solar power, and growing concerns about security are bolstering the market demand in the region. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The increasing awareness among consumers, the ongoing global trend of urbanization, coupled with the growth of the real estate sector are significantly propelling the market demand across the region.

Major market players included in this report are:
Assa Abloy AB (Sweden)
Allegion Plc (Ireland)
Somfy (Cluses, France)
Came S.p.A. (Italy)
FAAC SPA (Italy)
Chamberlain Group (CGI) (U.S.)
dormakaba Group (Switzerland)
GEZE GmbH (Germany)
NICE Systems Ltd. (Israel)
Honeywell International Inc. (U.S.)

Recent Developments in the Market:
Ø In December 2020, Somfy, a company specializing in the development of opening and closing automation solutions for residential and commercial infrastructure, announced the successful acquisition of a 60% stake in Repar’s stores. This acquisition is anticipated to open up significant market opportunities for Somfy in the repair and services sector.

Global Gate Openers Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Linear Ram
Underground
Articulated Ram
Sliding
Others

By Application:
Residential
Commercial
Industrial
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Gate Openers Market, by Region, 2020-2030 (USD Billion)
1.2.2. Gate Openers Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Gate Openers Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Gate Openers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Gate Openers Market Dynamics
3.1. Gate Openers Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing focus on enhancing security standards
3.1.1.2. Rising adoption of smart homes
3.1.2. Market Challenges
3.1.2.1. High initial cost involved in purchase and installation
3.1.2.2. Security vulnerabilities
3.1.3. Market Opportunities
3.1.3.1. Rising incorporation of IoT and AI-based technology with automated gates
3.1.3.2. Growing urbanization and infrastructure development
Chapter 4. Global Gate Openers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Gate Openers Market, by Product Type
5.1. Market Snapshot
5.2. Global Gate Openers Market by Product Type, Performance – Potential Analysis
5.3. Global Gate Openers Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Gate Openers Market, Sub Segment Analysis
5.4.1. Linear Ram
5.4.2. Underground
5.4.3. Articulated Ram
5.4.4. Sliding
5.4.5. Others
Chapter 6. Global Gate Openers Market, by Application
6.1. Market Snapshot
6.2. Global Gate Openers Market by Application, Performance – Potential Analysis
6.3. Global Gate Openers Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Gate Openers Market, Sub Segment Analysis
6.4.1. Residential
6.4.2. Commercial
6.4.3. Industrial
6.4.4. Others
Chapter 7. Global Gate Openers Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Gate Openers Market, Regional Market Snapshot
7.4. North America Gate Openers Market
7.4.1. U.S. Gate Openers Market
7.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Gate Openers Market
7.5. Europe Gate Openers Market Snapshot
7.5.1. U.K. Gate Openers Market
7.5.2. Germany Gate Openers Market
7.5.3. France Gate Openers Market
7.5.4. Spain Gate Openers Market
7.5.5. Italy Gate Openers Market
7.5.6. Rest of Europe Gate Openers Market
7.6. Asia-Pacific Gate Openers Market Snapshot
7.6.1. China Gate Openers Market
7.6.2. India Gate Openers Market
7.6.3. Japan Gate Openers Market
7.6.4. Australia Gate Openers Market
7.6.5. South Korea Gate Openers Market
7.6.6. Rest of Asia Pacific Gate Openers Market
7.7. Latin America Gate Openers Market Snapshot
7.7.1. Brazil Gate Openers Market
7.7.2. Mexico Gate Openers Market
7.8. Middle East & Africa Gate Openers Market
7.8.1. Saudi Arabia Gate Openers Market
7.8.2. South Africa Gate Openers Market
7.8.3. Rest of Middle East & Africa Gate Openers Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Assa Abloy AB (Sweden)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Allegion Plc (Ireland)
8.3.3. Somfy (Cluses, France)
8.3.4. Came S.p.A. (Italy)
8.3.5. FAAC SPA (Italy)
8.3.6. Chamberlain Group (CGI) (U.S.)
8.3.7. dormakaba Group (Switzerland)
8.3.8. GEZE GmbH (Germany)
8.3.9. NICE Systems Ltd. (Israel)
8.3.10. Honeywell International Inc. (U.S.)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Market driving trends and favorable economic conditions
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Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
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