About Door Chain -
Rapid urbanization in developing countries will help to boost global door chain market. A door chain is also called as security chain, or security door chain. It consists of a small chain attached to the door frame, which attaches to a track on the door for security purposes. Door chain is a type of lock that is mainly used along with other types of locks to protect a door. Door chains are easy to fix and use.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Door Chain - market throughout the forecasted period. 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.
Solon (United Kingdom), TAYA Group (Taiwan), National Hardware (United States), Astra Door Controls (United Kingdom), UAP Ltd (United Kingdom), ABUS (Germany), Elixir Door Company (United States), Laclede Chain Manufacturing Company, LLC (United States), Ultra-Hardware Product LLC, Inc. (United States) and Overhead Door Corp (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 Larson Manufacturing Company, Inc. (United States) and ABUS AUGUST BREMICKER SÖHNE KG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Door Chain - market by Type (Stainless Steel, Brass and Others), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Door Chain - 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). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Door Chain - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Growth of the Construction Industry and Growing Concern about Home Security
Market Growth Drivers:
Changing Interior Décor Preferences of Customers, Rise in Demand for Replacement Door Chain from the Renovations Sector and Increase in Spending on Customization of Door Material
Challenges:
Fluctuating Raw Material Prices
Restraints:
Rising Concern about Alternative Product
Opportunities:
Rapid Urbanization in Developing Countries and Huge demand due to Online Availability
Market Leaders and their expansionary development strategies
In February 2024, Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has acquired, through one of its wholly owned subsidiaries, Boss Door Controls.“This strategic combination will provide Boss Door Controls with additional routes to market in the UK and benefit our customers with access to a wider portfolio of high-quality security solutions.
In December 2023, Overhaul, a global leader of in-transit supply chain visibility and risk management for the world's top-tier enterprises, has launched a new offering, the Intelligent Door Seal Solution. This marks the inaugural solution, where a smart door seal, incorporating Bluetooth and GPS, is fully integrated into the Overhaul platform. Users will be immediately notified when a trailer door is opened, addressing a major issue in monitoring and risk detection for clients.
Key Target Audience
Raw Material Suppliers, Door Chain Distributors/Suppliers, Regulatory Bodies, Environmental Protection Bodies, Local Governments, End Users, Market Research and Consulting Firms 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.