The Manual Segment to Dominate Europe Revolving Doors Market during 2021-2028

According to a new market research study on “Europe Revolving Doors Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Product Type, Operation Type, Application and Country,” is expected to reach US$ 365.91 million by 2028 from US$ 278.87 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the Europe revolving doors market along with the drivers and restraints pertaining to the market growth. Rising use of doors automation in commercial and industrial spaces and increasing infrastructure spending and rapid urbanization are major factors driving the growth of the Europe revolving doors market. However, huge initial investment involved may hinder the growth of Europe revolving doors market.

Russia, the UK, France, Italy, Spain, and Germany are among the worst-affected countries by the COVID-19 outbreak in Europe. Businesses in the region faced severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and 2021. Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of SARS-CoV-2 among its citizens. Further, in 2020, halt in the construction of new projects hampered the growth of the real-estate sector in Europe. This has led to inflated real-estate prices and unfair competition among licensed accommodation providers.   

The market for Europe revolving doors is segmented into product type, operation type, application and country. Based on product type, the market is segmented into three wings and four wings. In 2020, the three wings segment held the largest share in Europe revolving doors market. Based on operation type, the Europe revolving doors market is divided into manual and automatic. The automatic segment is expected to be the fastest growing segment over the forecast period. Based on application, the market is segmented into commercial and industrial. In 2020, the commercial segment held the largest share in Europe revolving doors market. Based on country, the Europe revolving doors market is segmented into France, Germany, Italy, UK, Russia and rest of Europe. In 2020, Germany held the largest share in Europe revolving doors market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe revolving doors market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for revolving doors.

Assa Abloy AB; CoMETA SpA; GEZE GmbH; Tormax USA Inc.; Royal Boon Edam International; Manusa; Kone Ojy; Horton Automatics Inc.; and Dormakaba Holding AG are some of the leading companies in the Europe revolving doors market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

Europe Revolving Doors Market, By Country, 2020 and 2028 (%)

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com