The Revolving doors market is projected to reach US$ 1,121.42 million by 2028 from US$ 860.83 million in 2021; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028
The construction industry is experiencing growth due to substantial investments in infrastructure, particularly for retail spaces, commercial office buildings, manufacturing facilities, metro rail lines, and airport expansion and construction. This has led to a surge in commercial construction projects, including shopping complexes and retail stores, which in turn is driving demand for revolving doors, thus propelling the revolving doors market. Moreover, the trend of urbanization has resulted in the construction of a plethora of hospitals, offices, large retailers, and theaters. Rising disposable income and changing lifestyles are significant factors contributing to the growth of the revolving doors market. As people's incomes increase, they are more likely to invest in home and building renovations or upgrades, and they may prefer more luxurious, high-tech options for their entrances, such as revolving doors. Additionally, changing lifestyles, such as an increased emphasis on sustainability and energy efficiency, have led to the development of new and improved revolving doors that help conserve energy and provide better security, which can further drive demand.
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Key Companies:
The global revolving doors market is served by key players such as ASSA ABLOY, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, KONE Oy, Manusa, Royal Boon Edam International B.V., Stanley Access Technologies LLC, and TORMAX.
Market Segmentation:
The revolving doors market is divided into five primary regions, namely North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Among the key countries in North America are the US, Canada, and Mexico. North America commands a substantial portion of the global revolving doors market, with regional growth attributed to end-users' increased awareness of cutting-edge technologies.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Revolving Doors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
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Impact of COVID-19
In 2020, the COVID-19 pandemic and extended lockdown periods caused a significant decline in the growth of the construction industry in APAC. To contain the spread of the virus, several companies in the region ceased production activities, leading to supply chain disruptions in countries like India and China. Maintaining project quality was also challenging due to different regulatory frameworks in each country. However, with relaxed lockdown restrictions and ongoing vaccination efforts, raw material shipments and industrial activities have gradually increased, resulting in steady growth of the revolving doors market in APAC in 2021.
Market Overview
Revolving doors, which rotate around a vertical axis in a cylindrical enclosure, have energy-saving benefits by reducing the loss of heating or cooling in buildings. The construction of modern facilities like high-tech airports, cinemas, hotels, and shopping malls is expected to drive the growth of the revolving doors market during the forecast period. The market is being propelled by a surge in construction activity and an increased adoption of door automation in developed and developing countries. These doors provide secure, fast, and easy operation, and their installation in commercial and industrial spaces is increasing. There is also growing awareness of new and developing technologies, creating ample opportunities for the revolving doors market to expand.
Regional Overview
In 2020, North America led the revolving doors market due to the presence of numerous data centers, particularly in states like California, Texas, Florida, Pennsylvania, New York, Massachusetts, Arizona, Washington, North Carolina, Virginia, Ontario, and British Colombia. Leading data center colocation players such as CenturyLink, Digital Realty Trust, L.P., Equinix Inc., and AT&T, Inc. are expanding rapidly in the region. In APAC countries, increased spending on security in commercial, industrial, and government sectors is driving the adoption of advanced revolving doors. For example, in 2018, the Chinese Government increased domestic security spending by 6.1% of the total defense budget, leading to a surge in advanced security systems adoption in restricted areas and creating favorable growth opportunities for the revolving doors market.
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