Vendor Insights
The door closer market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Abus August Bremicer Sohne KG
- Allegion Plc
- ASSA ABLOY AB
- Cal-Royal Products Inc.
- dormakaba International Holding AG
- GEZE GmbH
- ISO Serrature Spa
- Ryobi Ltd.
- Stanley Black and Decker Inc.
- Tell Manufacturing Inc
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Geographical Market Analysis
APAC will provide maximum growth opportunities in door closer market during the forecast period. According to our report, the region will contribute to 58% of the global market growth and is expected to dominate the market through 2025. The door closer market share growth in APAC will be faster than the growth of the market in other regions.
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Key Segment Analysis
The door closer market share growth by the manual door closer segment will be significant during the forecast period. Automatic door closers cost more than manual variants owing to their complexity and features. Doors with manual door closers do not have many parts. Hence, lubrication of the sliding parts should be maintained for ease of use and maintenance. Such benefits are factors that are expected to influence the market growth during the forecast period.
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Key Market Drivers & Challenges:
The door closer market is primarily driven by the growth in the commercial real estate market. Door closers are in commercial spaces such as retail outlets, restaurants, airports, and commercial office buildings. The growth of commercial real estate investments has been driven by technological advances, social factors, lifestyle, and consumption patterns. However, competition among vendors is expected to impede the market growth during the forecast period.
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Door Closer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.31% |
Market growth 2021-2025 |
USD 197.28 million |
Market structure |
Fragmented |
YoY growth (%) |
3.70 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 58% |
Key consumer countries |
China, US, Germany, South Korea (Republic of Korea), and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Abus August Bremicer 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. |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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