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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
Articulated Ram

By Application:

By Region:

North America


Asia Pacific
South Korea

Latin America

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 Increasing focus on enhancing security standards Rising adoption of smart homes
3.1.2. Market Challenges High initial cost involved in purchase and installation Security vulnerabilities
3.1.3. Market Opportunities Rising incorporation of IoT and AI-based technology with automated gates 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 Product Type breakdown estimates & forecasts, 2020-2030 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) Key Information Overview Financial (Subject to Data Availability) Product Summary 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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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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