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on May 16, 2024
Overview and Scope
An automatic garage door operator refers to a motorized device installed in a garage that enables the automatic opening and closing of the garage door. The primary uses of automatic garage door operators is to provide convenience to homeowners. The users can operate the garage door by pressing a button on a remote control or keypad rather than manually opening and closing it, which can be heavy and burdensome.
Sizing and Forecast
The automatic garage door operator market size has grown strongly in recent years. It will grow from $2.57 billion in 2023 to $2.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urbanization, increasing number of vehicles, home automation trends, rising disposable income, growing awareness of security concerns.
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Segmentation & Regional Insights
The automatic garage door operator market covered in this report is segmented –
1) By Opener Type: Screw Drive, Chain Drive, Belt Drive, Other Opener Types
2) By Sensor Type: Infrared Sensor, Photoelectric Sensor
3) By Controller Type: Wi-Fi, Bluetooth
4) By Installation Type: New Construction, Replacement
5) By End User: Residential, Commercial
North America was the largest region in the automatic garage door operator market in 2023. The regions covered in the automatic garage door operator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing construction industry and residential building projects are expected to propel the growth of the automatic garage door operator market going forward. The construction industry encompasses various sectors, with residential buildings specifically focusing on the construction of homes, apartments, and other dwellings intended for human habitation. They are on the rise due to urban development, infrastructure expansion, economic growth, and targeted government initiatives. An automatic garage door operator enhances construction efficiency by enabling quick, secure, and remote access to buildings and storage areas, streamlining operations and improving safety. For instance, in January 2024, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government agencies, in 2023, there was a 4.5% increase in the completion of housing units, with a total of 1,452,500 units finished, up from 1,390,500 units in 2022. Therefore, the growing construction industry and residential building projects are driving the automatic garage door operator market.
Key Industry Players
Major companies operating in the automatic garage door operator market are Assa Abloy AB, Dormakaba Holding AG, Ryobi Limited, Overhead Door Corporation, Chamberlain Group LLC, Nortek Security & Control LLC, Novoferm GmbH, Hörmann International GmbH, GEZE GmbH, Clopay Corporation, CAME S.p.A., Stanley Access Technologies, FAAC SPA, Garaga Inc., Raynor Garage Doors, SOMMER Antriebs- und Funktechnik GmbH, Skylinkhome, Nabco Ltd., GfA Elektromaten GmbH, Marantec GmbH & Co. KG, Superlift Garage Door Openers Pty. Ltd., Gryphon Garage Doors, Guardian Access & Door Hardware, Dalian Seaside Co. Ltd., Kruzik s.r.o
The automatic garage door operator market report table of contents includes:
1. Executive Summary
2. Automatic Garage Door Operator Market Characteristics
3. Automatic Garage Door Operator Market Trends And Strategies
4. Automatic Garage Door Operator Market - Macro Economic Scenario
5. Global Automatic Garage Door Operator Market Size and Growth
…
32. Global Automatic Garage Door Operator Market Competitive Benchmarking
33. Global Automatic Garage Door Operator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automatic Garage Door Operator Market
35.Automatic Garage Door Operator Market Future Outlook and Potential Analysis
36. Appendix
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Posted in: Technology