According to our most recent market research, "Revolving Doors Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Operation Type, and Application," the market is anticipated to increase at a CAGR of 3.9% from 2021 to 2028, from US$ 860.83 million to US$ 1,121.42 million.
The revolving doors market is divided into three categories based on application, operating type, and product type. The market is divided into three wings and four wings depending on the type of goods. The market is divided into manual and automatic operating types. The commercial and industrial segments of the rotating doors market are separated based on the kind of operation. Geographically, the market is divided into five regions: North America (the US, Canada, and Mexico), Europe (the UK, Russia, France, Germany, Italy), Asia Pacific (Japan, Australia, China, and South Korea), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM).
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North America, Europe, Asia Pacific, Middle East & Africa, South and Central America, and are the five main geographic regions that make up the global market for rotating doors. With a sizable revenue share in 2020, North America held the market's top spot, followed by APAC and Europe, in that order. The use of rotating doors to give safe and convenient door access to persons accessing these facilities is growing in the business sector, including banks, workplaces, government organisations, airports, and retail malls. Furthermore, the market is expanding thanks to the increasing expenditures being made in the creation of automated revolving doors by major manufacturers like ASSA ABLOY Group and Deutschtec GmbH. For example, Grupsa introduced the GSRD-05, a new operator for automatic revolving doors, in 2020.
Market Effects of COVID-19 Pandemic on Revolving Doors
In 2020, various industries were affected by the COVID-19 pandemic. Governments everywhere have been compelled to enact stringent regulations on the movement of people and vehicles as a result of the virus' exponential growth. The semiconductor industry was badly impacted by the decline in end-user and industrial demand for electronic components in 2020. However, because automatic revolving doors allow for contactless person passage, the development of COVID-19 has increased end user demand for these doors. The market for automatic revolving doors is expanding as a result of the rising importance placed on the deployment of security measures to protect assets, prevent authorised persons from interfering with organisational or facility operations, and protect people inside the facility. A nationwide poll by the Associated General Contractors of America (AGCA) in 2020 found that 78% of the 1,077 respondents had experienced project delays. But after the lockdown regulations were loosened in the late third quarter of 2020, the construction industry was able to work more freely, which led to an increase in demand for revolving doors.
ASSA ABLOY, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, KONE Oy, Manusa, Royal Boon Edam International B.V., Stanley Access Technologies LLC, and TORMAX are among the major companies operating in the revolving doors market.
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