Snapshot img

The door closer market share is expected to increase by USD 197.28 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.31%.

This door closer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers door closer market segmentations by product (manual door closer and automatic door closer), end-user (commercial and industrial and residential), and geography (APAC, Europe, North America, MEA, and South America). The door closer market report also offers information on several market vendors, including Abus August Bremicker Sohne KG, Allegion Plc, ASSA ABLOY AB, Cal-Royal Products Inc., dormakaba International Holding AG, GEZE GmbH, ISEO Serrature Spa, Ryobi Ltd., Stanley Black and Decker Inc., and Tell Manufacturing Inc. among others.

What will the Door Closer Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Door Closer Market Size for the Forecast Period and Other Important Statistics

' There is a rapid growth in the commercial real estate market, and the adoption of new technology and investments is revolutionizing the industry in APAC'

Door Closer Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in the commercial real estate market is notably driving the door closer market growth, although factors such as competition among vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the door closer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Door Closer Market Driver

One of the key factors driving the door closer market growth is the growth in the commercial real estate market. Door closers are deployed in most 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 commercial real estate investments are technological advancements, societal factors, lifestyle, and consumption patterns. The markets will see robust and volatile growth due to the introduction of low-interest rates across regions, boosting the market for commercial real estate investment. Commercial buildings, such as office spaces in the US and Europe, are expected to grow at a moderate rate. However, the markets in APAC will witness higher growth simultaneously over the coming years. In APAC, Australia will remain a popular destination for investment apart from China and Singapore. The growth of commercial segments, where aesthetics play a major role, will drive the demand for door closers.

Key Door Closer Market Trend

Rising demand for automatic door closers is the major trend influencing door closer market growth. 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. The latest trend in door closers is the automatic door closer, which is installed on business premises such as banks, offices, restaurants, and other commercial spaces. Vendors like DORMA offer automatic swing door operators, which are compact, next-generation, electromechanical doors. Door closers give an aesthetic appeal to space. They also help in minimizing heat loss due to improper closing of doors. GEZE offers automatic door closers that can open heavy doors. The smart swing feature of the door closer facilitates the effortless manual operation of the door. GEZE's online door calculator is the most flexible system, offering diverse operations. Its smart swing technology can be easily accessed manually. It also has a safe closing and opening mechanism.

Key Door Closer Market Challenge

Competition among vendors is one of the key challenges hindering the door closer market growth. 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