Automatic Garage Door Operator Global Market Report 2024

The automatic garage door operator market size has grown strongly in recent years. It will grow from $2.57 billion in 2023 to $2.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The expansion observed in the historic period can be attributed to several factors, including urbanization, the rising number of vehicles, trends in home automation, increasing disposable income levels, and a growing awareness of security concerns among consumers.

The automatic garage door operator market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be attributed to several factors, including advancements in IoT and connectivity, widespread adoption of smart home technologies, the expansion of the construction industry, the aging population and their increasing accessibility needs, and regulatory changes promoting energy efficiency. Significant trends expected in the forecast period encompass the integration of automatic garage door operators with home security systems, the emergence of AI-powered features, the proliferation of subscription-based services, the availability of customization and personalization options, and the focus on sustainable and eco-friendly solutions.

The burgeoning construction industry and the surge in residential building projects are poised to drive the expansion of the automatic garage door operator market in the foreseeable future. Within the construction sector, residential building projects encompass the construction of various dwellings, including homes, apartments, and other residential structures, to accommodate the growing urban population. These projects are spurred by factors such as urban development initiatives, infrastructure expansion, economic growth, and targeted government programs. Automatic garage door operators play a pivotal role in enhancing construction efficiency by facilitating quick, secure, and remote access to buildings and storage areas, thereby streamlining operations and enhancing safety protocols. For example, data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in January 2024 indicates a 4.5% increase in the completion of housing units in 2023, with a total of 1,452,500 units finished compared to 1,390,500 units in 2022. Thus, the robust growth of the construction industry and residential building projects acts as a driving force behind the automatic garage door operator market.

Leading companies in the automatic garage door operator market are committed to developing innovative products to maintain their competitive edge. One such example is the Legacy 850 Models 2129L and 2129BL, which offer a range of advanced features to meet the diverse needs of consumers. Equipped with a 24V DC motor featuring adjustable speeds for efficient and quiet operation, these models provide exceptional performance as garage door openers. For instance, in March 2023, Overhead Door Corporation, a prominent U.S.-based manufacturer specializing in residential and commercial door systems, introduced the Legacy 850 Models 2129L and 2129BL. These models are equipped with integrated OHD Anywhere Wi-Fi and smartphone control capabilities, along with a battery backup feature, offering users convenient and secure operation of their garage doors. Designed for reliability, power, and quiet operation, the Legacy 850 garage door opener is suitable for most residential sectional garage doors weighing up to 500 lbs.

In November 2021, Blackstone, a private equity firm headquartered in the United States, completed the acquisition of The Chamberlain Group LLC for $5 billion. This investment by Blackstone is anticipated to furnish The Chamberlain Group with supplementary resources and specialized knowledge, enabling the expansion of its software-driven and connected services operations into fresh market territories. The Chamberlain Group LLC, based in the US, specializes in the production of smart building solutions, notably garage door openers, among other products.

Major companies operating in the automatic garage door operator market report are Assa Abloy AB, Dormakaba Holding AG, Ryobi Limited, Overhead Door Corporation, Chamberlain Group LLC, Nortek Security & Control LLC, Novoferm GmbH, Hörmann International GmbH, GEZE GmbH, Clopay Corporation, CAME S.p.A., Stanley Access Technologies, FAAC SPA, Garaga Inc., Raynor Garage Doors, SOMMER Antriebs- und Funktechnik GmbH, Skylinkhome, Nabco Ltd., GfA Elektromaten GmbH, Marantec GmbH & Co. KG, Superlift Garage Door Openers Pty. Ltd., Gryphon Garage Doors, Guardian Access & Door Hardware, Dalian Seaside Co. Ltd., Kruzik s.r.o.

North America was the largest region in the automatic garage door operator market in 2023. The regions covered in the automatic garage door operator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automatic garage door operator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An automatic garage door operator refers to a motorized device installed in a garage, facilitating the automatic opening and closing of the garage door. Its primary purpose is to offer convenience to homeowners by eliminating the need for manual operation, which can be physically demanding.

The main types of openers utilized in automatic garage door operators include screw drives, chain drives, belt drives, and others. A screw drive garage door opener functions by employing a threaded steel rod to operate the garage door. Various sensor types are utilized, including infrared sensors and photoelectric sensors, while controller types include Wi-Fi and Bluetooth. Installation types encompass both new construction and replacement scenarios. These automatic garage door operators cater to a diverse range of end users, including residential and commercial properties.

The automatic garage door operators market research report is one of a series of new reports that provides automatic garage door operators market statistics, including automatic garage door operators industry global market size, regional shares, competitors with a automatic garage door operators market share, detailed automatic garage door operators market segments, market trends and opportunities, and any further data you may need to thrive in the automatic garage door operators industry. This automatic garage door operators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automatic garage door operator market consists of sales of motors, sensors, and remote controls. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.


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