In this rapidly changing world of technology, automatic gate and door opening system market is projected to show major growth prospects during the forecast period. Major factor driving the automatic gate and door opening system market is the increasing adoption of interactive displays in order to enhance customer service experience.
The global automatic gate and door opening system market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the Automatic Gate and Door Opening System Market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of automatic gate and door opening system market. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of automatic gate and door opening system market. Growing technological advancements and urbanization in the region are other factors fueling the growth of automatic gate and door opening system. Improved lifestyle and improved style of living of people are major factors driving the growth of automatic gate and door opening system market in the region. Growing demand for digital technologies is another major factor driving the growth of automatic gate and door opening system market in the region.
In the global automatic gate and door opening system market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, automatic gate and door opening system market is projected to contribute faster to the growth of revenue backed by increasing demand for industrial automation and growing innovations and automation in the residential sector in countries such as Japan, China and India. This is owning to the presence of key players like Newturn Automation Pvt. Ltd.in the region.
The automatic gate and door opening system market is growing rapidly over 7% of CAGR and is expected to reach at approx. USD 18 Billion by the end of forecast period.
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Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market and dominate the global market share of automatic gate and door opening market. Whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The growth in North America is majorly driven by U.S. The major growth in automatic gate and door opening system market in North America is attributed to technological advancements and increasing demand for industrial and residential automation in that region. Improved style of living is another factor driving the growth of automatic gate and door opening market in the region.
Automatic Gate and Door Opening System Market Segmentation
The automatic gate and door opening system market has been segmented on the basis of access control system, gate type, power source and end user. The power source segment is further bifurcated into primary power source and secondary power source. The power source used for automatic gate and door opening system is hydraulic or electromechanical. Easy accessibility is one major factor driving the growth of automatic gate and door opening system.
The prominent players in Automatic Gate And Door Opening System Market are – CAME UK (U.K.), RIB S.R.L. (Italy), Aleko Products (U.S.), King Gates S.R.L. (Italy), Katres Automation (India), Proteco S.R.L. (Italy), Newturn Automation Pvt. Ltd. (India), Life Home Integration (Italy), ABA Automatic Gates & Doors (Australia), Beninca Group (U.K.) among others.
- Technology Investors
- Research/Consultancy Firms
- Infrastructure Providers
- Raw Material Suppliers
- Components Providers
- System Integrators
- Middleware and Firmware Providers
- Suppliers and Distributors
- Smart Home/City Service Providers
- Government and Other Regulatory Bodies
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