BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Automatic Door and Window Market size at USD 16.76 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Automatic Door and Window Market size to expand at a CAGR of 5.89% reaching a value of USD 24.23 billion by 2030. The growing construction of different residential and commercial complexes and fast infrastructural development are major driving factors for the Global Automatic Door and Window Market. Furthermore, there is a growing emphasis on giving the aged and disabled convenient mobility options with advancements in automation technology, which is expected to further drive the market during the period in analysis.
Opportunity: Increasing number of commercial and residential building construction projects
The Global Automatic Door and Window Market is segmented into industrial production units, public transit systems, commercial buildings, entertainment centers, residential buildings, airports, education buildings, healthcare facilities, hotels & restaurants, and others, based on end user. The commercial buildings segment accounts for the highest market share owing to the increasing number of construction projects of office buildings, warehouses, and retail space. Automation in commercial buildings plays a major role in attracting visitors as well as boosting their market value. It also provides convenience to its visitors, especially the elderly and disabled.
Impact of Escalating Geopolitical Tensions on Global Automatic Door and Window Market
The escalating geopolitical tensions are negatively impacting the growth of the Global Automatic Door and Window Market. Wars and regional conflicts disrupt the infrastructural projects in the countries involved, which consequently affects the demand for automatic doors and windows. Furthermore, geopolitical tensions also disrupt the supply chain of the automatic door and window market. Israel, for instance, is a leading exporter of automatic door closures to various countries, including Russia, India, Germany, and the United States. However, the heightened conflicts between Israel and Hamas are affecting the supply of major components of automatic doors and windows in these countries, which is anticipated to limit its global market growth.
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Global Automatic Door and Window Market
Segmental Coverage
Global Automatic Door and Window Market – By Control System
Based on control system, the Global Automatic Door and Window Market is segmented into fully automatic, push & go, power assist, and low energy. The fully automatic segment holds the largest share in the Global Automatic Door and Window Market by control system. Using automatic doors to conserve conditioned air can help in decreasing buildings' heating and cooling expenses. Additionally, during the COVID-19 pandemic, there was a sharp increase in demand for automatic doors and windows, particularly in healthcare institutions, as an automatic door eliminates the need for people to touch communal areas like doorknobs. It can help lower the chance of pathogens spreading.
Global Automatic Door and Window Market – By Region
The in-depth research report on the Global Automatic Door and Window Market covers a number of country-specific markets across five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. Asia Pacific dominates the Global Automatic Door and Window Market. The increasing construction activities for infrastructural development in emerging economies such as China and India fuel the growth of the regional market. The most populous countries in the world are significantly investing in the construction of commercial and residential facilities to facilitate growing populations across urban areas and strengthen public infrastructure.
Competitive Landscape
Major players operating in the Global Automatic Door and Window Market include ASSA ABLOY, Boon Edam, Nabtesco Corporation, GEZE GmbH, Dormakaba Group, Honeywell International Inc., Allegion Plc., Stanley Black & Decker, Inc., Came S.p.A., Insteon, ABB Group, Siemens AG, and Schneider Electric.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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