About Garage Door Openers
The garage door openers 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 | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.71% |
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. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chamberlain (United States), Genie (United States), Sommer (Germany), Nortek (United States), Overhead Door (United States), Marantec (United States), Smartopeners (Australia) and DECKO (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Marantec (United States), DoorMan (United States), Baisheng (China) and Wright (United States).
Segmentation Overview
AMA Research has segmented the market of Global Garage Door Openers market by Type (Belt Drive Openers, Screw Drive Openers and Chain Drive Openers), Application (Home Garages and Underground and Collective Garages) and Region.
On the basis of geography, the market of Garage Door Openers 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). North America region held largest market share in the year 2021. If we see Market by End Users, the sub-segment i.e. Residential will boost the Garage Door Openers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Number of Residential Garages and Rising Number of Automatic Garage Door Opener
Challenges:
System Failures Leads to Hamper the Growth of the Market and Lack of Awareness among the Customers
Restraints:
High Cost Associated with Garage Door Opener and Skilled Professional Required for Installations
Opportunities:
Upsurge Demand for Technological Advanced Garage Door Opener through Smart Phones and Growing Demand Due to Bad Weather Condition Such as Winter and Others
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.
“According to U.S. Consumer Product Safety Commission, it classifies some rules for automatic residential garage door openers that consist of external entrapment protection devices, such as “electric eyes” that “sees” an obstructing the door without having actual contact with the objects. The reversing feature should be tested monthly.”
Key Target Audience
Garage Door Openers Manufacturers, Garage Door Openers Suppliers, End-User of Different Segments of Garage Door Openers, R&D Institutions and Others
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.