About Door Stopper
The door closer market has been witnessing growth across regions due to the increasing awareness of high-tech security systems among various end-users and easy operations of such equipment. Also, there has been an impact in the market due to the deployment of smart solutions in the developed and developing economies. Also, the major reason that drives the market is the increasing security concerns across regions, which is mandating the need for the installation of such high-security door closer systems at residential and commercial spaces. With changing technology, vendors are offering door closers with highly-sophisticated security systems like the fire alarm technology. This model of the door closer offered by certain vendors offers fire protection actuator, which is ideal for swing door drive with an integrated smoke switch. The door closers market is also impacted by the growth in residential buildings across regions such as Europe, the Middle East and Africa (EMEA), Asia-Pacific (APAC), and the Americas. The residential market is growing at a fast pace, and there has been a growing interest in home improvements. The home improvement market is also steadily growing due to which there will be a positive impact on the door closer market.
Technavio’s analysts forecast the global door stopper market to grow at a CAGR of 4.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global door stopper market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of door stopper.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Door Stopper Market 2017-2021
Technavio recognizes the following companies as the key players in the global door stopper market: DORMA, GEZE, Stanley Security Solutions, and Yale
Other Prominent Vendors in the market are: Cal-Royal Products, Allegion, Oubao Security Technology, Suzhou Fuerda Industry, and ABUS
Commenting on the report, an analyst from Technavio’s team said: “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.”
According to the report, door closers are deployed in most of the 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 the commercial real estate investments are technological advancements, societal factors, lifestyle, and consumption patterns. The markets will see a robust and volatile growth due to the introduction of low-interest rates across regions, boosting the market for commercial real estate investment.
Further, the report states that 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 the 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.
DORMA, GEZE, Stanley Security Solutions, Yale, Cal-Royal Products, Allegion, Oubao Security Technology, Suzhou Fuerda Industry, ABUS.