About Exit Devices
Security is always one of the top priorities if not the number one concern for large organizations and businesses. The exit devices are consist of a spring-loaded metal bar which is horizontally installed across the inside of a door. These devices are suitable for single or double doors, timber, metal, narrow profile, glass security and fire doors. The global exit devices market is expected to witness a high growth in near future due to increasing demand for fire rated doors and ease of installation.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.25% |
Major players are focusing on strategic partnerships to improve their products and services. In addition, players are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Exit Devices market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allegion (Ireland), Corbin Russwin (United States), Adams Rite (United States), ASSA ABLOY Group (Sweden), Arrow Lock (United States), Stanley Black & Decker, Inc. (United States), Detex Corporation (United States), GEZE GmbH (Germany), Fapim (Italy) and KCC Architectural (Ireland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ingersoll Rand (Ireland), ISEO Serrature Spa (Italy) and Dormakaba Group (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Exit Devices market by Type (Panic Devices and Emergency Escape Fittings), Application (Commercial, Household and Industrial) and Region.
On the basis of geography, the market of Exit Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Shape, the sub-segment i.e. Rim Style will boost the Exit Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Exit Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Concerns Related To Safety and Security Issues
Market Growth Drivers:
Increasing Demand for Fire Rated Doors and Ease of Installation
Challenges:
Intense Competition in the Market
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
Increasing Demand from Emerging Economies
Market Leaders and their expansionary development strategies
In December 2022, Stanley Black & Decker, a major tool and security product manufacturer, acquired Pozzi Industries, a Canadian provider of fire and access control solutions. This move strengthens Stanley Black & Decker's position in the North American exit device market.
In July 2023, Allegion unveiled the AD9600S wireless exit device. This innovative product offers wireless communication capabilities for easier installation and integration with building security systems.
Key Target Audience
Manufacturers of Exit Devices, Suppliers of Exit Devices Materials, Wholesalers, Distributors and Retailers of Exit Devices, Construction Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.