Articulate Market Insights for Sharp Business Executives

Garage Door Openers Market Overview :

The global garage door openers market is expected to reach $1,740.26 million in 2025, from $1,081.61 million in 2016, growing at a CAGR of 5.49% from 2017 to 2025. The garage door openers constitute mechanized motors attached to a drive system of chain, belt screw, direct or jackshaft and others that facilitate opening and closing of garage doors.

Factors such as rising consciousness toward garage security and growing propensity of individuals to spend on garage door and its accessories is expected to drive the market growth. Moreover, the low cost of maintenance along with longer product life cycle is also projected to propel the market growth in the coming years. In addition, the increase in scope of garage use for other activities such as entertainment, storing tools,... Read More >>