by Revolving doors are automatic door systems that serve as an entryway, allowing single or bi-directional traffic while minimizing air flow between inside and outside. Revolving doors allow for controlled passage and are energy efficient as they prevent drafts compared to traditional hinged or sliding doors. They are commonly installed in commercial buildings, shopping malls, airports, office buildings and hospitals. The Global Revolving Doors Market is estimated to be valued at US$ 929.54 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Revolving Doors Market are Shanghai Yupeng Glass Products Co., Ltd., Shijiazhuang Depuer Automatic Door Control Co., Ltd., Nanjing Maosong Automatic Door Co., Ltd., Beijing Hongtai Dingcheng Automatic Door Technology Co., Ltd., Hefei Tongsheng Doors and Windows Co., Ltd., Qingdao Kaibisheng Automatic Door Engineering Co., Ltd., Hualong Dingsheng Technology Co., Ltd., Zhuhai Jiaxin Building Materials Co., Ltd., Boon Edam, ASSA ABLOY, Geze, KONE, ASSA ABLOY AB, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, Manusa, Royal Boon Edam International B.V, Stanley Access Technologies LLC, and TORMAX USA Inc.
The global Revolving Doors Market share is expected to grow significantly driven by increasing commercial construction projects and infrastructure development across various regions. Rapid urbanization and growing population is fueling the demand for commercial buildings and public spaces boosting the revolving doors installations.
Geographically, the revolving doors market is witnessing highest growth in Asia Pacific region owing to large scale infrastructure development projects underway in major economies such as China and India. Countries in North America and Europe continue to be the largest markets for revolving doors due to well established construction industry and replacement demand. Key players are focused on tapping opportunities in emerging economies through partnerships and joint ventures.
Market Key Trends
Development of sustainable and energy efficient revolving doors is a major trend seen in the market. Players are innovating product designs incorporating low-energy motors, sensors and automatic controls to reduce friction and improve airflow management. This significantly enhances energy savings potentials. Digitization is another key trend with integration of IoT and cloud connectivity to enable remote monitoring of door performance and predictive maintenance. Rising adoption of semi-hermetic and hermetic revolving doors especially in hospitals and cleanrooms is also notable to meet strict air quality and hygiene standards in these end-user segments.
Porter’s Analysis
Threat of new entrants: Low capital requirement and established suppliers of revolving doors parts make the threat of new entrants moderate.
Bargaining power of buyers: Buyers have high bargaining power due to the availability of substitutes like sliding and swing doors.
Bargaining power of suppliers: A few large suppliers control the market and have significant bargaining power over revolving door manufacturers.
Threat of new substitutes: Sliding and swing doors are popular substitutes that reduce the threat of substitutes for revolving doors.
Competitive rivalry: The global revolving doors market is fragmented with the presence of several big and small players. Intense competition keeps pricing pressure on manufacturers.
Global Revolving Doors Market Regional Analysis North America accounts for the largest share of the global revolving doors market in terms of value due to high commercial building activity. The United States dominates the North American market owing to stringent safety standards for doors in commercial buildings.
Asia Pacific exhibits the fastest growth rate over the forecast period among all regions. Increasing construction of hospitals, metro stations, airports and other commercial buildings in China and India drives the demand for revolving doors for efficient pedestrian traffic flow and security purposes. Rapid urbanization and rising spending power in Asia Pacific economies is expected to boost market revenues.
