The Three Wings Segment to Dominate North America Revolving Doors Market during 2021-2028

According to a new market research study on “North America 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$ 385.37 million by 2028 from US$ 308.15 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the North America revolving doors market along with the drivers and restraints pertaining to the market growth. Rising adoption of doors automation in commercial & industrial spaces and increasing infrastructure spending and rapid urbanization in emerging economies are major factors driving the growth of the North America revolving doors market. However, high initial investment may hinder the growth of North America revolving doors market.

North America is one of the most prominent adopters of revolving doors due to the implementation of government policies boosting innovation and presence of a huge industrial base, especially in developed countries such as the US and Canada. For instance, the Canadian construction industry is witnessing growth in a few major cities, such as Toronto and Vancouver. In these cities, developers are registering good profits on investment, mainly with high-density commercial and industrial projects. In 2020, the limited availability of workforce, shortage of materials and supplies, reduction in productivity rates, and suspension and cancellation of projects/contracts hindered the revolving doors market growth. However, since the late Q3 of 2020, with the relaxation of lockdown rules, the construction sector started to operate with ease, thereby reporting a rise in demand for revolving doors.   

The market for North America 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 North America revolving doors market. Based on operation type, the North America 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 North America revolving doors market. Based on country, the North America revolving doors market is segmented into US, Canada and Mexico. In 2020, US held the largest share in North America revolving doors market. Furthermore, in this present scenario of COVID 19 pandemic, the North America revolving doors market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for revolving doors.

Assa Abloy AB; Tormax USA Inc.; Stanley Access Technologies LLC; Royal Boon Edam International; Manusa; Kone Ojy; Horton Automatics Inc.; and Dormakaba Holding AG are some of the leading companies in the North America 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.

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

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