Door Closer Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The door closer market share is expected to increase by USD 197.28 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.31%.

This door closer 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 door closer market segmentations by product (manual door closer and automatic door closer), end-user (commercial and industrial and residential), and geography (APAC, Europe, North America, MEA, and South America). The door closer market report also offers information on several market vendors, including Abus August Bremicker Sohne KG, Allegion Plc, ASSA ABLOY AB, Cal-Royal Products Inc., dormakaba International Holding AG, GEZE GmbH, ISEO Serrature Spa, Ryobi Ltd., Stanley Black and Decker Inc., and Tell Manufacturing Inc. among others.

What will the Door Closer Market Size be During the Forecast Period?

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" There is a rapid growth in the commercial real estate market, and the adoption of new technology and investments is revolutionizing the industry in APAC"

Door Closer Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in the commercial real estate market is notably driving the door closer market growth, although factors such as competition among vendors 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 door closer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Door Closer Market Driver

One of the key factors driving the door closer market growth is the growth in the commercial real estate market. Door closers are deployed in most commercial spaces, such as restaurants, retail outlets, airports, and commercial office buildings. There is a rapid growth in the commercial real estate market, and the adoption of new technology and investments is revolutionizing the industry. Various reasons for the growth of commercial real estate investments are technological advancements, societal factors, lifestyle, and consumption patterns. The markets will see robust and volatile growth due to the introduction of low-interest rates across regions, boosting the market for commercial real estate investment. Commercial buildings, such as office spaces in the US and Europe, are expected to grow at a moderate rate. However, the markets in APAC will witness higher growth simultaneously over the coming years. In APAC, Australia will remain a popular destination for investment apart from China and Singapore. The growth of commercial segments, where aesthetics play a major role, will drive the demand for door closers.

Key Door Closer Market Trend

Rising demand for automatic door closers is the major trend influencing door closer market growth. The automatic door closer is a mechanical device that is fitted with springs to provide a fully adjustable closing speed. The automatic door closer works on both right and left-handed doors as well as on gates. The door closer automatically shuts the door, which helps in preventing accidents. The automatic door closer is free of maintenance. The latest trend in door closers is the automatic door closer, which is installed on business premises such as banks, offices, restaurants, and other commercial spaces. Vendors like DORMA offer automatic swing door operators, which are compact, next-generation, electromechanical doors. Door closers give an aesthetic appeal to space. They also help in minimizing heat loss due to improper closing of doors. GEZE offers automatic door closers that can open heavy doors. The smart swing feature of the door closer facilitates the effortless manual operation of the door. GEZE's online door calculator is the most flexible system, offering diverse operations. Its smart swing technology can be easily accessed manually. It also has a safe closing and opening mechanism.

Key Door Closer Market Challenge

Competition among vendors is one of the key challenges hindering the door closer market growth. With the increase in the prices of raw materials and increased competition among vendors, the profit margins of vendors are expected to decline in the market. The growth of the market is supporting the entry of new vendors. Local vendors focus more on the requirements of end-users and hence develop customized security solutions, making them a preferable choice over global vendors. The price-conscious end-users prefer investing in low-cost security solutions rather than in global brands. This reduces the sales potential and revenue generation of global vendors. Also, the emergence of local players forces vendors to reduce their product prices, which, in turn, reduces their profit margins. The increasing vendor competition will affect the quality of products being developed and introduced in the market, which is likely to affect market growth during the forecast period.

This door closer 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global door closer market as a part of the global specialized consumer services 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 door closer market during the forecast period.

Market Overview

The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services.

Who are the Major Door Closer Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Abus August Bremicker Sohne KG
• Allegion Plc
• ASSA ABLOY AB
• Cal-Royal Products Inc.
• dormakaba International Holding AG
• GEZE GmbH
• ISEO Serrature Spa
• Ryobi Ltd.
• Stanley Black and Decker Inc.
• Tell Manufacturing Inc.

 

This statistical study of the door closer market encompasses successful business strategies deployed by the key vendors. The door closer market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Abus August Bremicker Sohne KG - The company offers door closer such as Door closer 8103.

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 door closer 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.

Door Closer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the door closer 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.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Door Closer Market?

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58% of the market's growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for door closer in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The expansion of construction activities in countries such as China, India, South Korea, Thailand, and Malaysia will facilitate the door closer market growth in APAC 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 door closer market in APAC witnessed certain challenges owing to the COVID-19 pandemic in 2020. India, China, Bangladesh, and Indonesia are some of the countries severely affected by the pandemic in the region. The lockdowns led to the closure of operations in various industries, including the building products and end-user industries such as the construction industries. Owing to the shutdown of factories and supply disruptions, the market in the region experienced a lag in growth, and a large fraction of construction workers headed to their hometowns and are likely to return only after the situation comes back to normal. In July 2020, in Indonesia, delays and cancelations of construction projects in both the public and private sectors led to the permanent shutdown of many construction companies. However, with an increase in vaccination drives, the regional market is expected to register growth during the forecast period.

What are the Revenue-generating Product Segments in the Door Closer Market?

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The door closer market share growth by the manual door closer will be significant during the forecast period. Manual door closers offer certain benefits to end-users. Owing to the complexity and features of automatic door closers, they cost more than the manual variants. As doors with manual door closers do not have many parts, end-users must only ensure well-lubrication of the sliding parts for ease of use and maintenance. Such benefits offered by manual door closers are factors that are expected to influence the market growth during the forecast period.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the door closer market size and actionable market insights on post COVID-19 impact on each segment.

 

Door Closer Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.31%
Market growth 2021-2025	$ 197.28 million
Market structure	Fragmented
YoY growth (%)	3.70
Regional analysis	APAC, Europe, North America, MEA, South America, APAC, Europe, North America, MEA, and South America
Performing market contribution	APAC at 58%
Key consumer countries	China, US, Germany, South Korea (Republic of Korea), and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Abus August Bremicker Sohne KG, Allegion Plc, ASSA ABLOY AB, Cal-Royal Products Inc., dormakaba International Holding AG, GEZE GmbH, ISEO Serrature Spa, Ryobi Ltd., Stanley Black and Decker Inc., and Tell Manufacturing Inc.
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.

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What are the Key Data Covered in this Door Closer Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive door closer market growth during the next five years
• Precise estimation of the door closer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the door closer industry across APAC, Europe, North America, MEA, South America, APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of door closer market vendors

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