Oct 12, 2022
Strong Growth Forecast For Door, Window Automation
The door and window automation market size is estimated to be US$18.3 billion in 2022 and projected to reach $23.6 billion by 2027, which represents a compound annual growth rate (CAGR) of 5.2 per cent, says a report by MarketsandMarkets. The increasing demand for automated doors in various industries and rising infrastructure development projects worldwide are responsible for the growth of this market. Additionally, the installation of automated doors and windows is increasing rapidly in hospitality sector, which is also responsible for the growth of the market. Access control systems are expected to hold the largest growth rate during the forecast period. These systems are used for security and can grant, modify, or deny access. North America was the dominating region in sales in the door and window automation market in 2021 while pedestrian doors were the dominating product. Pedestrian doors are used where there is high pedestrian traffic and can provide safety and security by managing crowds in commercial buildings. The maintenance cost for these doors is low and, hence, are highly preferred by the various end-users.
Sign up for our Daily News Alerts to receive relevant industry news, articles, and previews for our next issue of Home Improvement Retailing. Delivered directly to your inbox. Subscribe here.