About Garage Door Opener
The garage door opener is a motorized device that opens and closed the garage doors. The garage door openers market has high growth prospects due to convenient, secure and less consuming energy. Additionally, technological advancements such as improved smartphone control apps, universal sensors and automatically controlled contribute to the market expansion. For instance, Merlin launched a new smart product range that used to monitor and control the garage door from mobile phones, from anywhere, at any time. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the residential purpose.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.42% |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the synthetic fibers market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Garage Door Opener market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chamberlain Group (United States), Overhead Door (United States), Genie Company (United States), SOMMER Group (United States), LiftLogix (United States), Teckentrup (United Kingdom), Marantec (Germany), Dalian Seaside (China), Superlift (United States) and GTO Access Systems (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ADH Guardian (United States), Shenzhen Goalway Technology Co., Ltd (China) and DECKO (United States).
Segmentation Overview
AMA Research has segmented the market of Global Garage Door Opener market by Type (Belt Drive Garage Door Opener, Screw Drive Garage Door Opener, Chain Drive Garage Door Opener and Automatic Garage Door Opener), Application (Home Garages and Underground & Collective Garages) and Region.
On the basis of geography, the market of Garage Door Opener 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).
Influencing Trend:
Adoption of Lightweight Materials in Garage Door Opener and The Emergence of Insulated and High-Security Door Opener
Market Growth Drivers:
Surging Number of Garage Area in Developed Economies and Increasing Number of Vehicles Globally that needs Maintenance
Challenges:
Limited Adoption Rate in Emerging Economies
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Market Players are Focusing on the Development of Wide Range of Products and Technological Advancements in Garage Door Opener
Market Leaders and their expansionary development strategies
In June 2023, LiftMaster partnered with Google to improve the integration of its myQ connected garage door openers with Google Assistant, allowing for voice control and integration with other smart home devices.
In November 2023, Assa Abloy launched the Yale Linus Connect Smart Lock 2X, a new smart lock with improved security features and hands-free unlocking capabilities.
Key Target Audience
Garage Door Opener Manufacturers, Garage Door Opener Traders, Raw Material Suppliers, Potential Investors and Government and Research Organizations
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.