by Revolving doors provide a balanced movement of inner and outer doors and maintain security as well as energy efficiency. They help maintain interior temperature and prevent unwanted entry or exit. The demand for revolving doors is driven by the need for security and energy saving features in commercial spaces like retail outlets, corporate offices, hospitals and others.
The Global Revolving Doors Market is estimated to be valued at US$ 1,242.84 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 Growth 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: Increasing construction of commercial complexes and institutions which require security and energy efficient access solutions offers significant opportunities for market players. Growing focus on sustainability and energy conservation in buildings will also drive increased adoption of revolving doors.
Technological advancements: Revolving doors today come with improved safety features like sensors to detect obstructions. Some models integrate access control, security alarms and even biometric authentication. Advancements in materials and engineering have made revolving doors more durable and easy to operate. Touchless and automatic versions further enhance convenience.
Market drivers:
Need for security and regulated access: Revolving doors provide optimal security as they allow single file entry and exit unlike conventional doors. This makes them preferable for commercial buildings dealing with high footfall. The compartmentalizeddesign prevents tailgating and ensures only authorized access.
Energy efficiency: Revolving doors reduce heating and cooling losses by over 90% compared to conventional doorways. They minimize infiltration of outside air and prevent inside air from escaping. This provides significant energy savings which drives their increased adoption especially in green buildings.
Support for indoor climate control: Revolving doors act as an effective airlock and help maintain interior temperature and humidity levels. This indoor environment management is important for many establishments like hospitals, cleanrooms etc.
Current challenges in the Global Revolving Doors Market
The global revolving doors market is facing few challenges currently which include rising prices of raw materials, lack of skilled labor and uncertainties due to ongoing pandemic. The prices of steel, glass and other hardware components used in revolving doors have witnessed sharp rise in recent years putting upward pressure on production cost. Finding and retaining skilled workforce for manufacturing, installation and after-sales services of revolving doors has also been a area of concern. The ongoing COVID-19 pandemic has further increased uncertainties in terms of disruptions in supply chain and decline in demand from commercial sectors using revolving doors.
SWOT Analysis
Strength: Energy efficient operation and maximizes interior space utilization.
Weakness: High initial investment cost.
Opportunity: Growing focus on green buildings and sustainability.
Threats: Price volatility of raw materials like steel and glass.
Geographical regions with concentration in terms of value
North America accounts for largest share of global revolving doors market in terms of value currently. Countries like United States and Canada have seen widespread use of revolving doors in commercial establishments like malls, airports, hotels etc. driven by stringent energy efficiency norms and growing commercial real estate sector. Europe is another major regional market led by countries like Germany, United Kingdom, France owing to high construction activities and focus on minimize energy losses in buildings.
Fastest growing region for the Global Revolving Doors Market
Asia Pacific region is poised to witness strongest growth in demand for revolving doors during forecast period of 2024 to 2031. Major economies like China, India are undergoing rapid urbanization and infrastructure development which will propel installations of revolving doors in commercial complexes, public transport hubs across region. Rising living standards and growing middle class population is boosting retail and hospitality sectors utilizing revolving doors extensively.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
