by Revolving doors are sturdy doors with three or more door wings attached to a central supporting mechanism that allows passage in both directions. They are useful for minimizing the amount of heat loss or gain from a building and provide a much higher level of security compared to standard doors. The global revolving doors market is mainly driven by the growing construction of commercial buildings such as shopping malls, airports, hotels, office complexes, and hospitals around the world. These buildings widely employ revolving doors to control the indoor airflow and temperature, thereby reducing heating and cooling costs.
The Global revolving doors market is estimated to be valued at US$ 929.54 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Global Revolving Doors market share are Shanghai Yupeng Glass Products Co., Ltd., Shijiazhuang Depuer Automatic Door Control Co., Ltd., Nanjing Maosong Automatic Door Co., Ltd., Beijing Hongtai Dingcheng Automatic Door Technology Co., Ltd., Hefei Tongsheng Doors and Windows Co., Ltd., Qingdao Kaibisheng Automatic Door Engineering Co., Ltd., Hualong Dingsheng Technology Co., Ltd., Zhuhai Jiaxin Building Materials Co., Ltd., Boon Edam, ASSA ABLOY, Geze, KONE, ASSA ABLOY AB, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, Manusa, Royal Boon Edam International B.V, Stanley Access Technologies LLC, and TORMAX USA Inc.
Key opportunities: The major opportunities in the revolving doors market include rising number of renovations and refurbishments of older commercial buildings, increasing focus on energy-efficient construction, and rapid urbanization and infrastructure development projects across developing nations.
Global expansion: Manufacturers are actively focused on expanding their geographic footprints and global production and distribution networks to meet the growing demand from foreign markets like Asia Pacific, Latin America, and Middle East & Africa. They are also forming strategic partnerships with local players in these regions for catering to the specific design requirements of regional customers.
Market drivers: A key driver for the global revolving doors market is the high growth in commercial sector construction activities around the world. According to recent data, annual spending on non-residential building construction is projected to grow at over 4% annually during 2020-2024. The demand for commercial spaces is rising rapidly with robust economic growth, rapid urbanization, and increasing discretionary spending on retail, entertainment and travel. This is propelling the installation of revolving doors across office buildings, shopping malls, airports and other commercial complexes.
PEST Analysis
Political: Revolving doors market is influenced by various building codes and standards set by governments worldwide for the implementation of safety measures in commercial buildings.
Economic: Changes in the global economic conditions directly impact the construction industry and commercial real estate sector, thereby affecting the demand for revolving doors from these end-use industries.
Social: Growing concerns about sanitization and contactless access are prompting commercial spaces to install automated revolving doors for a safer approach.
Technological: Advancements in motion sensors, touchless designs and automated access controls are allowing revolving doors manufacturers to develop innovative product offerings catering to the rising hygiene standards.
Global Revolving Doors Market Regional Analysis geographical regions where the global revolving doors market is concentrated in terms of value are North America and Europe. North America accounts for the largest market share currently due to high usage of automated doors across commercial buildings in the US and Canada. Europe is second leading regional market powered by infrastructure development and replacements in the commercial sector across UK, Germany, France and other countries.
The fastest growing regional market for revolving doors is expected to be Asia Pacific from 2024 to 2031. Factors such as urbanization, developments in commercial real estate and rising safety concerns are anticipated to drive the demand for revolving doors in Asia Pacific countries including China, India, Japan and others over the forecast period. Rapid growth of the construction industry along with rising focus on automation are projected to fuel market revenue growth in Asia Pacific.
About Author - Ravina Pandya
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
