+1-626-295-2442 (Worldwide) 400-606-8865 (China)
Sign in Register
English

Global High Speed Doors Market is Projected to Reach US$ 1,023 Mn by 2023

Author: QYResearch | Publish date: 2018-08-17 | Views: 14
New report published by QY Research which offers insights on the global High Speed Doors market. The High Speed Doors market has been experiencing steady growth graph since past years. During the 2017-2023 timeline, the global market for High Speed Doors is expected to reflect a 1.4 times increase in the revenue growth. In 2018 the global High Speed Doors market was valued at US$ 796 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 1,023 Mn growing at a value CAGR of 5.15% throughout the period of forecast.

image.png

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.


The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.


As the living standard rise globally, people desire safer drugs, better quality food and drinks, more applications of High Speed Doors will surly emerge. Regions with bad climate and poor air qualities may need High Speed Doors to provide more effective protection for human beings from hash exterior environment. Also, nurseries may need High Speed Doors to separate the space for plants growing from the common spaces where human activities are frequent.


Since the standards for pharmaceutical industry and food industry are not as strict as they are in developed countries, the demand for High Speed Doors are not as strong as the demand in developed countries.

 

India, African countries, as well as a few less developed South East countries still have manually produced food and beverages, mass production of food and drugs using advanced equipment and industrial facilities is still not common enough. In a region where drinking water is still a luxury, High Speed Doors are not necessities. There’s still quite a long time for these regions to develop to the stage when High Speed Doors will be broadly welcomed and utilized.


This segment includes Rolling Doors, Folding Doors, Sliding Doors, Swinging Doors and Others. Based on high speed door types, rolling doors takes most of the market share, with about 45.16% proportion in 2017, folding doors followed as second with about 22.22% market share, based on revenue. Other commonly used types include Sliding Doors and Swinging Doors. As for downstream user industries, high speed doors are widely used in food & drink industry, warehouse and loading bays, pharmaceutical environment and large exterior openings, etc.


North America, Europe, Asia-Pacific, South America, Middle East and Africa are the five regions that are included in this report. In terms of sales volume, consumption of high speed doors increased from 143,555 sets in 2013 to 177,165 sets in 2017 globally, registering a Compounded Annual Growth Rate (CAGR) of 4.49% during the analyzed period, 2013-2017. Asia-Pacific ranks the first in 2017, taking about 39.10% share of the global market; Europe and North America comes the second and the third places, consists of 26% and 25.44% share in global market respectively.


Rytec, ASSA ABLOY and Hormann are the top three manufacturers in global high speed door market, all the three together consist of approximately 24.17% of the global market share. Other prominent players include Chase Doors, Rite-Hite, ASI Doors, Efaflex, PerforMax, TNR Doors, Dortek, Angel Mir, Hart Doors and etc., the market is not so concentrated, and the competition is going to be more intense.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/528624/global-high-speed-doors-sales-market


CONTACT US
We will be happy to help you find what you're looking for. Please call or email us
  • USA Office: +1-6262952442(International) ; +1-6265407211
  • Canada Office: +1-6133665094
Our clients
<
4321
>
>