Revolving doors are a type of door that rotates horizontally on a vertical axis, allowing entry and exit in both directions. They are used predominantly in commercial buildings like shopping malls, office buildings, airports, and hospitals. Revolving doors serve the purpose of energy conservation by preventing heat loss or gain through the opening compared to conventional doors. They reduce the ingress of dust, dirt, and flying insects. The global revolving doors market is estimated to be valued at US$ 929.54 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.
Key Takeaways
Key Players: Key players operating in the global Revolving Doors Market size are Shanghai Yupeng Glass Products Co., Ltd., Shijiazhuang Depuer Automatic Door Control Co., Ltd., Nanjing Maosong Automatic Door Co., Ltd., Beijing Hongtai Dingcheng Automatic Door Technology Co., Ltd., Hefei Tongsheng Doors and Windows Co., Ltd., Qingdao Kaibisheng Automatic Door Engineering Co., Ltd., Hualong Dingsheng Technology Co., Ltd., Zhuhai Jiaxin Building Materials Co., Ltd., Boon Edam, ASSA ABLOY, Geze, KONE, ASSA ABLOY AB, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, Manusa, Royal Boon Edam International B.V, Stanley Access Technologies LLC, and TORMAX USA Inc.
Key Opportunities: Rising construction of commercial buildings coupled with green building initiatives are anticipated to create new opportunities for manufacturers in the global revolving doors market. Geographically, the market is expected to observe high growth in regions such as Asia Pacific and Middle East & Africa owing to increasing infrastructure development projects.
Global Expansion: Key players in the revolving doors market are focusing on global expansion by tapping growth opportunities in developing nations through partnerships, mergers, and acquisitions with local players. Companies are also investing in automation and development of energy-efficient revolving door models to garner higher share.
Market Drivers: Increasing Need for Energy Conservation: Revolving doors assist in energy conservation by preventing unnecessary loss or gain of conditioned air from buildings, thus driving their increased adoption. As per estimates, revolving doors can save up to 40% of total heating or cooling costs. This factor is expected to significantly propel the revolving doors market growth over the forecast period.
Market Restraint: High Initial Cost: Revolving doors have a higher initial investment compared to other conventional door types. The installation and maintenance costs associated with revolving doors may limit their adoption, especially in price-sensitive markets. This is a major challenge for manufacturers to overcome by offering customized and affordable revolving door solutions.
Segment Analysis
The revolving doors market is segmented into manual revolving doors and automatic revolving doors. The automatic revolving doors segment dominates the market and is expected to continue its dominance during the forecast period. Automatic revolving doors offer hands-free access and do not require any physical assistance to move. This minimizes the effort of movement and improves convenience, especially for the elderly and disabled. Automatic doors also enhance energy efficiency as they prevent drafts compared to manually operated doors. These advantages have led to higher adoption of automatic revolving doors across commercial spaces like airports, malls, hospitals, and office buildings.
Global Revolving Doors Market Regional Analysis As Regionally, the revolving doors market in Asia Pacific is expected to grow at the fastest rate during the forecast period. Countries like China, India, and Japan are undergoing rapid urbanization and growth of the commercial real estate sector. This has increased the demand for revolving doors from airports, hospitals, malls, and office buildings in the region. North America currently dominates the global revolving doors market owing to high installation of revolving doors across facilities in countries like the US and Canada. The presence of leading manufacturers such as Assa Abloy,Stanley Access Technologies, and dormakaba Group also contributes to market growth. However, concerns regarding high initial investment and maintenance costs of revolving doors pose a challenge for market expansion.
Author Bio:
Ravina Pandya,
Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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