Portland, OR, July 13, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global revolving doors market generated $908.6 million in 2021, and is projected to reach $1.4 billion by 2031, witnessing a CAGR of 4.5% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Rapid industrialization and urbanization, rise in disposable income, surge in employment rate, and improvement in standard of living in the developing and developed countries such as India, China, Brazil, the U.S., the U.K., Mexico, and Canada, drive the growth of various industries such as commercial, industrial and manufacturing. This in turn, drives the growth of the global revolving doors market. However, high cost of maintenance is expected to hamper the growth of the market.
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COVID-19 scenario:
- 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.
- Nevertheless, the market is recovering steadily.
The report offers detailed segmentation of the global revolving doors market based type, end use, and region.
Based on operation, the automatic segment held the highest market share in 2021, holding more than two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 4.6% from 2022 to 2031. The report also analyzes manual segment.
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Based on end use, the commercial segment held the largest market share in 2021, holding nearly four-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 4.6% from 2022 to 2031. The report also analyzes industrial segment.
Based on region, Europe is contributed to the highest share in terms of revenue in 2021, holding more than two-fifths of the total market share, and is estimated to continue its dominant share by 2031. However, the LAMEA region is projected to manifest the fastest CAGR of 6.0% during the forecast period.
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Leading Players:
Leading players of the global revolving doors market analyzed in the research 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.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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