Revolving Doors Market Research, 2031
The global revolving doors market size was valued at $908.60 million in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
Revolving doors contain three or four doors or leaves that rotate around a vertical axis and hang on a central shaft inside a cylindrical enclosure. In addition, they are preferred for their energy efficiency, as they act as airlocks, consequently dropping the energy bills of a residential or commercial building. These doors are designed to allow easy passage of multiple people in one go, which is not possible with a sliding or a swing door.
Rapid industrialization and urbanization in the developing and developed countries such as India, China, Brazil, the U.S., the UK, Mexico, and Canada, has boosted the growth of various industries such as commercial, industrial and manufacturing. This, in turn, is expected to boost the demand for revolving doors industry during the forecast period. In addition, increase in population, rise in disposable income, surge in employment rate, and improvement in standard of living in countries such as India, China, Mexico, Canada, Russia, Malaysia, and Thailand, have resulted in the growth of construction industries. This has accelerated the revolving doors market growth.
Revolving door is used at various places such as residential and commercial spaces, hospitals, and others. Factors such as energy saving, ease of operation, maintaining security, fast and accurate, cable free, and others, fuel its demand. Revolving doors in hospital makes it possible for wheelchair operators to travel conveniently; also, they can be used to secure a particular area in scientific labs and hospital. Heavy investment by government in construction and growth in the residential sector are expected to increase the revolving doors market share during the forcast period. However, high maintenance acts as a restraint for the market.
The COVID-19 pandemic forced many companies in the global revolving doors market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacted revenue flow of the global revolving door market. In addition, there was a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments were received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months affected the global revolving door market and the market is anticipated to witness a slow recovery during the forecast period.
The revolving doors market is segmented into Operation, Product Type and End-Users. By operation, the revolving doors market is categorized into manual and automatic. In 2021, the automatic segment is highest revenue controbutor to the market, in terms of revenue, and is expected to maintain this trend in the coming years. On the basis of product type, the market is fragmented into three wings, four wings and others. Three wings segment is anticipated to dominate the global market throughout the forecast period. On the basis of end user, the market is categorized into commercial and industrial. Commercial segment is the highest revenue contributor to the market. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Europe region is expected to hold the highest market share during the forecast period.
Major players are adopting product launch and acquisition as their key developmental strategies to improve the product portfolio of the revolving doors market. For instance, in August 2021, Royal Boon Edam International B.V. launched the next generation high security doors Tourlock 180 and Tourlock 120. This is expected to improve the product portfolio of the company.
Competitive Analysis
The key players profiled in the revolving doors market report include Assa Abloy Group, Auto Ingress, Deutschtec GmbH, Dormakaba Holding AG, DSS Automatic Doors, ERREKA Group, Grupsa Door System, GEZE GmbH, Landert Group AG, Manusa GEST, S.L, Nabtesco Corporation, PORTALP, Royal Boon Edam International B.V., Stanley Black & Decker, Inc., and Sanwa Holdings Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the the current and emerging global revolving doors market trends and dynamics.
- In-depth market analysis is conducted by the global revolving doors market estimations for key market segments between 2021 and 2031.
- The global revolving doors market analysis is conducted by following key product positioning and monitoring of the top competitors within the the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global revolving doors market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global revolving doors market opportunities.
Revolving Doors Market Report Highlights
| Aspects | Details |
 By Operation |
|
 By Product Type |
|
 By End-Users |
|
 By Region |
|
 Key Market Players | Stanley Black & Decker, Inc., Sanwa Holdings Corporation, Auto Ingress, Nabtesco Corporation, PORTALP, ERREKA Group, ASSA ABLOY Group, Manusa GEST, S.L, Landert Group AG, Royal Boon Edam International B.V., Dormakaba Holding AG, Deutschtec GmbH, DSS Automatic Doors, GEZE GmbH, Grupsa Door System |
Analyst Review
According to the insights of the CXOs of leading companies, the revolving doors market holds high growth potential in the commercial and industrial sector. The market has witnessed significant growth over the past decade, owing to the rise in adoption of revolving doors such as three wings, four wings and others. Market players are also acquiring other companies and enhancing their product portfolios to increase their market potential in terms of geographic and customer base expansion. Moreover, the leading players in the market are producing affordable, and efficient revolving doors to cater to a large customer base.
Factors such as increase in construction activities has significant impact over the market growth in the recent years. In addition, increase in investment in commercial construction activities are expected to drive the growth of the global revolving doors market.
Furthermore, the market growth for revolving doors is highly dependent on industrial and commercial construction investments. Thus, increase in industrialization, and rise in demand for the commercial complexes and buildings fuels the market growth.
Among the analyzed regions, Europe has registered for the highest revenue in the global market throughout the forecast period, followed by North America, Asia-Pacific and LAMEA.
Rapid urbanization & industrialization and surge in residential & nonresidential construction are the upcoming trends of Revolving Doors Market in the world.
Commercial segment is the leading end-user of Revolving Doors Market
Europe is the largest regional market for Revolving Doors.
The global revolving doors market was valued at $908.6 million in 2021.
Assa Abloy Group, Auto Ingress, Deutschtec GmbH, Dormakaba Holding AG, DSS Automatic Doors, are the top companies to hold the market share in Revolving Doors
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The base year calculated in the global revolving door market report is 2021.
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