Global Garage Door Openers Market expected to grow at a CAGR of 5.49% from 2017 to 2025
According to a new report published by PMR, titled, " Garage Door Openers Market by Type, Operation, and End-user: Global Opportunity Analysis and Industry Forecast, 2014-2025 "
, the global garage door openers market was valued at $1,081.61 million in 2016 and is projected to reach $1,740.26 million by 2025, registering a CAGR of 5.49% from 2017 to 2025. The report offers a path to turn investments into meaningful outcomes, expand consumer base, and gain leadership status in the global industry. It offers an extensive analysis of revenue generated by key segments in various geographies for the historic period, 20142016 and the forecast period, 20172025. Market estimations help market players and investors to devise growth strategies.
The research includes an executive summary to help management executives, CEOs, and investors to gain a brief idea about the global garage door openers market. Key findings and market attractiveness are discussed to help customers devise strategies for future. Moreover, recent development trends are highlighted to outline the progress of the global market. The study provides a comprehensive analysis to help gain insights on the current market conditions and devise strategies to gain a competitive advantage.
The market landscape of the global garage door openers industry is offered based on drivers and restraints. Factors such as increase in awareness toward garage security as well as privacy and rise in disposable income of the individuals, are the major driving forces of the market. The impact of these drivers is outlined in the study to assist the market players to capitalize on the opportunities presented by them. However, rise in emphasis to adopt public transportation to curb vehicular emission are the challenges faced by the market players. These insights are expected to facilitate planning of growth strategies by the key market players.
Porters five forces analysis is provided in the research, based on parameters including bargaining power of buyers, bargaining power of suppliers, threat of substitutes, threat of new entrants, and industrial rivalry. These insights are helpful for development of a business strategy and to determine the level of competition in the industry. Moreover, the methodology adopted by research analysts is highlighted in the study. Primary and secondary research methods are implemented to gather as well as validate data and statistics.
Detailed segmentation of the global garage door openers market is provided in the research based on operation, end-user, type, and geography. The operation segment is classified based on manual and automated operated garage door openers. Whereas, based on type, the market is broadly categorized into chain drive, belt drive, screw drive, and others. Based on end user, the market is bifurcated into residential and commercial end users. Based on region, the global market is broadly divided into North America, Asia-Pacific, Europe, and LAMEA. Market share analysis of each segment in the aforementioned regions is provided for the historic period and the forecast period with the help of tables and figures.
Countries from each region are also analyzed in the study. In North America, the U.S., Mexico, and Canada are the countries that are discussed. While, the UK, Germany, France, and rest of Europe are analyzed in the European region. China, India, Japan, Australia, and rest of Asia-Pacific are discussed in the Asia-Pacific. On the other hand, Brazil, Saudi Arabia, South Africa, and rest of LAMEA are the countries explored for LAMEA.
The report provides an extensive analysis of the market players operating in the global garage door openers industry. A business overview and the recent developments are highlighted. Moreover, financial and business segments of each company are outlined in the study. The top market players operating in the global garage door openers market include Came S.p.A., Chamberlain Group, Dalian Seaside Door Controlling System Co. Ltd, Hrmann KG Verkaufsgesellschaft, Marantec Antriebs- Und Steuerungstechnik Gmbh & Co. Kg, Overhead Door Corporation, Raynor Garage Doors, Skylinkhome, SOMMER Antriebs- und Funktechnik GmbH, and SuperLift. This information is valuable for investors to determine investment pockets and help the market players formulate efficient strategies.
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