Automatic Garage Door Trends and Forecast
The future of the global automatic garage door market looks promising with opportunities in the residential and commercial markets. The global automatic garage door market is expected to grow with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are rising interest in home automation, growing demand for personalized garage door solutions, and expanding demand for connected and seamless home experiences.Automatic Garage Door by Segment
The study includes a forecast for the global automatic garage door by type, controller type, material, end use, and region.Automatic Garage Door Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Overhead Door
- Roll-Up-Door
- Sectional Door
- Others
Automatic Garage Door Market by Controller Type [Shipment Analysis by Value from 2018 to 2030]:
- Wi-Fi
- Bluetooth
Automatic Garage Door Market by Material [Shipment Analysis by Value from 2018 to 2030]:
- Steel
- Aluminum
- Wood
- Other
Automatic Garage Door Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Residential
- Commercial
- Others
Automatic Garage Door Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automatic Garage Door Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automatic garage door companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the automatic garage door companies profiled in this report include:
- Assa Abloy
- Chamberlain Group
- Overhead Door
- SOMMER Group
- Skylink Group
- The Genie Company
- Hormann Group
- Dalian Seaside
- Entrematic
- Guardian Access & Door Hardware
Automatic Garage Door Market Insights
The publisher forecasts that sectional door is expected to witness the highest growth over the forecast period.Within this market, residential is expected to witness higher growth over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Automatic Garage Door Market
- Market Size Estimates: Automatic garage door market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automatic garage door market size by various segments, such as by type, controller type, material, end use, and region in terms of value ($B).
- Regional Analysis: Automatic garage door market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, controller types, materials, end uses, and regions for the automatic garage door market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automatic garage door market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for automatic garage door market?Answer: The global automatic garage door market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the automatic garage door market?
Answer: The major drivers for this market are rising interest in home automation, growing demand for personalized garage door solutions, and expanding demand for connected and seamless home experiences.
Q3. What are the major segments for automatic garage door market?
Answer: The future of the automatic garage door market looks promising with opportunities in the residential and commercial markets.
Q4. Who are the key automatic garage door market companies?
Answer: Some of the key automatic garage door companies are as follows:
- Assa Abloy
- Chamberlain Group
- Overhead Door
- SOMMER Group
- Skylink Group
- The Genie Company
- Hormann Group
- Dalian Seaside
- Entrematic
- Guardian Access & Door Hardware
Answer: The publisher forecasts that sectional door is expected to witness the highest growth over the forecast period due to ideal for residential use and having insulating qualities.
Q6. In automatic garage door market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to sophisticated infrastructure and increased consumer awareness.
Q.7 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automatic garage door market by type (overhead door, roll-up-door, sectional door, and others), controller type (Wi-Fi and Bluetooth), material (steel, aluminum, wood, and other), end use (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automatic Garage Door Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Assa Abloy
- Chamberlain Group
- Overhead Door
- SOMMER Group
- Skylink Group
- The Genie Company
- Hormann Group
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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