The Worldwide Door Closer and Exit Devices Industry is Expected to Grow at a CAGR of 5% During 2020 to 2026

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Apr 16, 2021, 12:00 ET

DUBLIN, April 16, 2021 /PRNewswire/ -- The "Door Closer and Exit Devices Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global door closer and exit devices market by revenue is expected to grow at a CAGR of approx. 5% during 2020-2026.

The global door market is witnessing constant innovations. The increasing demand for better technical features and efficient products is driving the market growth. Key vendors in the market have constantly been adopting innovative features to keep pace with changing regulations and consumer demands, thereby influencing the adoption of door closers and exit devices during the forecast period. They are manufacturing the devices that meet the requirements of recently updated BS8300 standards for low opening forces, CE marking, and compliance with fire regulations. The introduction of CAM-Motion technology, combining an integrated damping device that allows the door to be closed quietly, safely, and securely at a regulated speed, which can preserve the safety and silence of the door closing technique.

These technologies are ideal for hospitality, healthcare, education, commercial, and government buildings. Vendors offer electric strikes, electromagnetic locks, and access control components in their products. ASSA ABLOY Electronic Security Hardware aims at providing innovation, strength, durability, quality, and no-fault warranty. They offer no-touch products to hands-free access control and egress. Hence, increase inventions and innovative designs are expected to contribute to the development of the global door closer and exit devices market.

The following factors are likely to contribute to the growth of the door closer and exit devices market during the forecast period:

Feature Enhancements and Product Innovations
Booming Demand in Emerging Economies
Preference for Integrated Door Closers
Growth in Real Estate and Construction Market

The study considers the door closer and exit devices market's present scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Door Closer and Exit Devices Market Segmentation

The global door closer and exit devices market research report includes a detailed segmentation by product, end-user, geography. Door closers are relatively familiar products, which are finding adoption in most emerging economies. Favorable government frameworks, stringent building codes, panic and fire emergency policies, the revival of the construction and tourism sector, renovation boom in APAC countries are some of the factors that can accelerate the adoption of door closers in the next five years. In 2020, North America dominated the market and accounted for a market share of 68%. The development of integrated door closers can drive momentum during the coming years as the installation of lightweight and elegant doors is gaining traction. The availability of heavy-duty pneumatic door closers with smother operation is expected to increase the share of hydraulic doors.

The global commercial real estate market experienced rapid growth in 2019, mainly supported by the rising global investments. Commercial real estate mainly refers to retail stores, shopping malls, corporate offices, hotels, restaurants, business parks, and other commercial properties. However, the market witnessed a decline in 2020 owing to the COVID-19 pandemic outbreak. Since door closers constitute an integral part of the hospitality industry, the global hospitality industry's rapid growth is expected to support the growth of the global door closer market during the forecast period. In the corporate environment, door closers come with improved security, access solutions, and protection features. The increased installation of door closers and exit devices in office buildings, business parks, and workspaces is likely to influence the market growth.

Key Questions Answered
1. How big is the global door closer market?
2. What is the growth rate of the global door closer market
3. Which segments are likely to dominate the door closer and exit devices market share?
4. Which end-user segment is likely to generate the largest revenue during the forecast period?
5. What is the growth of the door closer and exit devices market in North America?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 COVID-19 Impact

8 Market Opportunities & Trends
8.1 Feature Enhancements and Product Innovations
8.2 Booming Demand in Emerging Economies
8.3 Preference for Integrated Door Closers

9 Market Growth Enablers
9.1 Growing Real Estate and Construction Opportunities
9.2 Policies Supporting Residential Boom
9.3 Revival of Travel and Tourism Industry

10 Market Restraints
10.1 Fluctuating Raw Material Prices
10.2 Stringent Frameworks And Regulations

11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis

12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview

13 Door Closers
13.1 Market Snapshot & Growth Engine

14 Door Closer By Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Mechanical
14.4 Electromechanical

15 Door Closer By Pressure
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Hydraulic
15.4 Pneumatic

16 Door Closers by Operation
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Overhead
16.4 Floor Spring
16.5 Integrated

17 Exit Devices
17.1 Market Snapshot & Growth Engine

18 Exit Device by Type
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 RIM
18.4 Vertical Rods
18.5 Mortise
18.6 Mullions

19 Exit Device By Design
19.1 Market Snapshot & Growth Engine
19.2 Market Overview
19.3 Touch Bar
19.4 Crossbar
19.5 Integral

20 End-User
20.1 Market Snapshot & Growth Engine
20.2 Market Overview
20.3 Commercial
20.4 Residential

21 Geography
21.1 Market Snapshot & Growth Engine
21.2 Geographic Overview

22 North America
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Product
22.4 Door Closer
22.5 Exit Device
22.6 End-User
22.7 Key Countries

23 Europe
23.1 Market Overview
23.2 Market Size & Forecast
23.3 Product
23.4 Door Closer
23.5 Exit Device
23.6 End-User
23.7 Key Countries

24 APAC
24.1 Market Overview
24.2 Market Size & Forecast
24.3 Product
24.4 Door Closer
24.5 Exit Device
24.6 End-User
24.7 Key Countries

25 Middle East and Africa
25.1 Market Overview
25.2 Market Size & Forecast
25.3 Product
25.4 Door Closer
25.5 Exit Device
25.6 End-User
25.7 Key Countries

26 Latin America
26.1 Market Overview
26.2 Market Size & Forecast
26.3 Product
26.4 Door Closer
26.5 Exit Device
26.6 End-User
26.7 Key Countries

27 Competitive Landscape
27.1 Competition Overview

28 Key Company Profiles
28.1 ASSA ABLOY
28.2 Allegion
28.3 Dormakaba
28.4 GEZE GMBH
28.5 ISEO

29 Other Prominent Vendors
29.1 Gretsch-Unitas (G-U)
29.2 Hager Group
29.3 DOM
29.4 Lawrence Hardware
29.5 Dynasty Hardware
29.6 Wright Products
29.7 Dorence Industries
29.8 Tell Manufacturing
29.9 CAL-Royal Products
29.10 The Godrej Group
29.11 OUBAO
29.12 SUZHOU FUERDA INDUSTRY
29.13 ABUS
29.14 Guangdong Archie Hardware
29.15 C.R. Laurence
29.16 Deltana Enterprises
29.17 Kason Industries
29.18 Rejuvenation
29.19 Prime-Line Products
29.20 RYOBI
29.21 Detex Corporation
29.22 Thase Enterprise
29.23 Securefast PLC
29.24 Hangzhou Guardson Hardware
29.25 Fapim

30 Report Summary
30.1 Key Takeaways
30.2 Strategic Recommendations

31 Quantitative Summary
31.1 Market by Geography
31.2 Product
31.3 Door Closer
31.4 Exit Device
31.5 End-User
31.6 North America
31.7 Europe
31.8 APAC
31.9 Middle East And Africa
31.10 Latin America

32 Appendix
32.1 Abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/ynx8qk

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