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The automatic floodgate market share is expected to increase by USD 851.96 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.56%.
This automatic floodgate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automatic floodgate market segmentations by end-user (commercial and residential) and geography (Europe, North America, APAC, Middle East and Africa, and South America). The automatic floodgate market report also offers information on several market vendors, including AWMA Pty Ltd, EKO SYSTEM s r o, Flood Control International Ltd, FloodBreak, Floodgates Ireland, Hitachi Zosen Corp., Hunton Engineering Design Ltd, Jay R Smith Mfg Co. Inc, MM Engineered Solutions Ltd, Orange Flood Control LLC, and Self Closing Flood Barrier among others.
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The shift in global climatic conditions is notably driving the automatic floodgate market growth, although factors such as high initial cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automatic floodgate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automatic Floodgate Market Driver
The shift in global climatic conditions is one of the key drivers supporting the automatic floodgate market growth. Global warming has raised the temperature levels drastically, which has resulted in the melting of ice caps, a rise in seawater levels, and floods in many countries. According to the current shift in climatic conditions, millions of people will be affected by floods within the next 25 years, causing severe damage to their properties and health. For instance, Europe is one of the most prominent regions at high risk from floods during the forecast period owing to the increase in the temperature levels. Thus, the increase in floods and the forecast of more floods are expected to boost the demand for flood protection during the forecast period. Such increasing demand is driving the market growth.
Key Automatic Floodgate Market Trend
Certifications for floodgates is one of the key automatic floodgate market trends that is contributing to the market growth. Automatic floodgates are more efficient and have a faster response time, which reduces any possibility of severe damage. Furthermore, they are deployed automatically without any power source, which is the major advantage of these floodgates. Automatic floodgates remain hidden until the flood occurs. Therefore, these floodgates do not require storage space for their components. Thus, they are gaining popularity globally, particularly in developed countries such as the US and the UK. This shift toward automatic floodgates is expected to be a major driver of the growth of the global automatic floodgate market during the forecast period.
Key Automatic Floodgate Market Challenge
The high initial cost is one of the factors hindering the automatic floodgate market growth. The automatic floodgates cost approximately three times that of a manual floodgate, which is a high cost for a small house or small business unit and, thus, restricts market growth during the forecast period. The cost for automatic floodgates is $10,000 onward for residential end-users and $15,000 onward for commercial end-users. However, the cost will increase according to the customization required. Therefore, residential end-users prefer manual floodgates. Such a high initial cost is anticipated to limit market growth during the forecast period.
This automatic floodgate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automatic floodgate market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automatic floodgate market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automatic floodgate market encompasses successful business strategies deployed by the key vendors. The automatic floodgate market is concentrated and the vendors are deploying growth strategies such as trying to enter untapped regions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automatic floodgate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automatic floodgate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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41% of the market's growth will originate from Europe during the forecast period. The UK, the Netherlands, and Germany are the key markets for automatic floodgate market in Europe. Market growth in this region will be slower than the growth of the market in APAC.
The shift in climatic conditions and the increasing number of floods will facilitate the automatic floodgate market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 negatively impacted the economy in the region. However, by 2021, factories, warehouses, and other facilities of regional automatic floodgate vendors reopened due to large-scale vaccination drives. Thus, the rising demand for automatic floodgates will drive market growth in Europe during the forecast period.
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The automatic floodgate market share growth by the commercial segment will be significant during the forecast period. The commercial segment is expected to continue holding the largest share of the global automatic floodgate market during the forecast period. The need for protecting offices, shopping malls, and other commercial buildings, which are of high price value, will drive market growth during the forecast period. Many commercial businesses have faced severe losses owing to flood water entering buildings. Therefore, most buildings in flood-prone areas are installing floodgates for protection, which will increase the demand for automatic floodgates during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automatic floodgate market size and actionable market insights on post COVID-19 impact on each segment.
Automatic Floodgate Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.56% |
Market growth 2022-2026 |
$ 851.96 million |
Market structure |
Concentrated |
YoY growth (%) |
11.98 |
Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution |
Europe at 41% |
Key consumer countries |
US, Japan, UK, The Netherlands, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AWMA Pty Ltd, EKO SYSTEM s r o, Flood Control International Ltd, FloodBreak, Floodgates Ireland, Hitachi Zosen Corp., Hunton Engineering Design Ltd, Jay R Smith Mfg Co. Inc, MM Engineered Solutions Ltd, Orange Flood Control LLC, and Self Closing Flood Barrier |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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