Smart Garage Door Controllers Market by Technology, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

Published: Dec 2020 Pages: 120 SKU: IRTNTR45939

The smart garage door controllers market size has the potential to grow by USD 165.59 million during 2020-2024, and the market's growth momentum will accelerate at a CAGR of 4.19%. 

This report provides a detailed analysis of the market by technology (Wi-Fi and Bluetooth), distribution channel (offline and online), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

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

 

  • Asante
  • Came Spa
  • GOGOGATE Inc.
  • Guardian Access & Door Hardware
  • Hörmann KG Verkaufsgesellschaft
  • Nortek Inc.
  • Simpaltek LLC
  • Skylink Group
  • Techtronic Industries Co. Ltd.
  • The Duchossois Group Inc.

 

The smart garage door controllers market is fragmented and the vendors are deploying growth strategies such as investing in the development of smart and value-added products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as rise in demand for home automation to achieve growth opportunities. However, factors such as the impact of COVID-19 pandemic on market will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the smart garage door controllers market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This smart garage door controllers market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Smart Garage Door Controllers Market: Key Drivers and Trends

  • The rise in demand for home automation will be one of the primary growth factors for the smart garage door controllers market.
  • Automation of home systems provides convenience, comfort, and security to users, and enables the users to conveniently manage their household activities.
  • Developing regions have access to improved Internet connectivity, technological advances and innovations, and the advent of cloud-based platforms. 
  • These technologies provide access and enable control of garage doors using tablets, smartphones, voice-controlled devices, and Wi-Fi and Bluetooth-based devices. 
  • Technological advances is one of the key mart garage door controllers market trends.
  • Smart garage door controllers use technologies such as Wi-Fi or Bluetooth to wirelessly operate and control garage doors.
  • Vendors are integrating cloud-based services that enable these functions through the cloud.
  • Residential users are adopting cloud-based security systems that are user-friendly and offer self-monitoring and remote access features, in addition to, sharing data over the Internet while traveling.
  • Cloud-based technologies also ensure a low cost of ownership and provide on-demand scalability.

 

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Smart Garage Door Controllers Market: Segmentation by Geography

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41% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for smart garage door controllers in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The increasing awareness of connected devices and technological upgrades is one of the prime factors that will facilitate the smart garage door controllers market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Smart Garage Door Controllers Market: Segmentation by Technology

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Most of the vendors in the global market are offering Wi-Fi-based smart garage door controllers. This is because they allow users to operate the garage door from anywhere using the Internet of Things (IoT)-enabled feature. Product enhancements by vendors are expected to propel the growth of the Wi-Fi segment during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart garage door controllers market size. Fetch actionable market insights on post COVID19 impact on each segment.   

 

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Smart Garage Door Controllers Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive smart garage door controllers market growth during the next five years
  • Precise estimation of the smart garage door controllers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart garage door controllers industry across APAC, Europe, MEA, North America, 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 smart garage door controllers market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Wi-Fi - Market size and forecast 2019-2024
    • Bluetooth - Market size and forecast 2019-2024
    • Market opportunity by Technology

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2019-2024
    • Online - Market size and forecast 2019-2024
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Impact of COVID-19 pandemic on the market
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Asante
      • Came Spa
      • GOGOGATE Inc.
      • Guardian Access & Door Hardware
      • Hörmann KG Verkaufsgesellschaft
      • Nortek Inc.
      • Simpaltek LLC
      • Skylink Group
      • Techtronic Industries Co. Ltd.
      • The Duchossois Group Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      INFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Key Questions Answered

      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?

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      • Parent market analysis
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis