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Jul 4, 2023

Green building activity drives automatic garage door market

The global automatic garage door operator market is forecast to be worth $3.49 billion by 2028, with growth driven by green building activities, says a report from Arizton Advisory & Intelligence. The market will grow at a compound annual growth rate (CAGR) of 5.42% from 2022 to 2028. The adoption of green building activities is one of the major drivers for the growth of the market. With governments around the world supporting sustainability in construction markets, projects continue to become more sustainable, and automatic garage door operators can be a part of these sustainable buildings. Consumers’ continued growing interest in smart products is also contributing to growth in the market. However, current inflation could have a negative impact on the market as consumers tighten discretionary spending.

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