Global Garage Door Openers Market Size By Application(Residential & Commercial), By Products(Belt Driven garage door opener, Chain driven garage Door Opener), By Geographic Scope And Forecast

Garage Door Openers Market Size And Forecast

Garage Door Openers Market size was valued at USD 1376.55 Million in 2020 and is projected to reach USD 1835.82 Million by 2028, growing at a CAGR of 3.93% from 2021 to 2028.

The growing Awareness regarding security of garage helps to boost the garage door openers market. Moreover, the growing construction activities across the globe also empowers the market growth. The Global Garage Door Openers Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Garage Door Openers?

Garage door openers? Well, they're basically the motorized helpers that open and close your garage door. Think of them as saving you from having to jump out of your car every time! Believe it or not, overhead garage doors showed up way back in 1921, and just a few years later, in 1926, C.G. Johnson invented the first electric opener. Now, those old-school garage doors were pretty simple, just meant for basic sheds. Because of that, they'd wear down fast – hinges would break, and the doors would get all creaky and even fall apart sometimes. That's why we needed something betterthe modern garage opener! With automated controls, opening and closing is a breeze. At first, you'd hit a button inside the garage to get things moving. And before that? You had to do it all by hand, which, let's be honest, was a pain since it took so much effort to lift and lower the door every single time. You can also visit our FAQ page for more information. We highly recommend you consult a professional.

Garage door openers are considered as the preferred option as it provides better convenience, better safety, and security to the vehicle and the owner. Garage door openers comes in three main typesChain-drive openers, Screw-drive systems, and Belt Driven Garage Door Opener. The chain drive openers are among the oldest garage door opener as they are affordable, reliable and best suited for industrial buildings, and detached home garages.

Global Garage Door Openers Market Overview

The growing Awareness regarding security of garage helps to boost the garage door openers market. Moreover, the growing construction activities across the globe also empowers the market growth. The construction across the globe is rising at a robust pace with construction of new homes accounts for higher share. Home construction including construction of the garage or car parking space for securely parking vehicle. Moreover, increasing demand for the residential houses in the Europe is another factor pushing the market growth.

As more and more people get online, the idea of a smart home – you know, with home automation – is really taking off! Things like people having more money to spend, a bigger middle class, and everyone getting more comfortable with tech are all pushing people to use smart garage doors in their homes. And since the world is going digital with internet access popping up everywhere, smart garage door openers are joining the party. With all the cool tech improvements happening in homes and gadgets, these smart openers are becoming super popular, which is great news for the market. The only thing holding them back a bit is the installation cost.

Global Garage Door Openers MarketSegmentation Analysis

The Global Garage Door Openers Market is segmented on the basis of Application, Products and Geography.

Garage Door Openers Market by Application

• Residential
• Commercial

To Get Summarized Market Report By Application-

Based on the Application, the Global Garage Door Openers Market has been segmented into Residential & Commercial. Residential accounted for the largest market share in 2020 and is projected to grow at the highest long term CAGR during the forecast period. Growing construction of residential apartment in the developed and developing nations to cater the rising need for accommodation of the large population base, is favouring the market growth.

Garage Door Openers Market by Product

• Belt Driven garage door opener
• Chain driven garage Door Opener
• Screw driven garage Door Openers
• Others

To Get Summarized Market Report By Product-

On the basis of Product, the Global Garage Door Openers Market has been segmented into Belt Driven garage door opener, Chain driven garage Door Opener, Screw driven garage Door Openers and others. Screw Driven Garage Door Openers accounted for the largest market share in 2020, and is projected to grow at a long term CAGR during the forecast period. Screw drive garage door openers are simple and superior for people who want lesser moving parts to uphold and that factor stimulates the market growth.

Garage Door Openers Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Get Summarized Market Report By Geography-

On the basis of regional analysis, the Global Garage Door Openers Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share of 41.87% in 2020, with a market value of USD 576.30 Million and is projected to grow during the forecast period. Upsurge in public funding, growth in government investment for infrastructural development, and a steady decline in building material costs are expected to fuel the market for commercial garage doors which in turn boosts the garage door openers market.

Key Players

The “Global Garage Door Openers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Chamberlain Nortek, DECKO, GENIE, Nortek, SKYLINKNET INC, SOMMER, MARANTEC ANTRIEBS-UND STEUERUNGSTECHNIK GMBH & CO. KG, and others.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players global

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Reasons to Purchase this Report

We take a good look at the market, both in terms of numbers (quantitative) and less tangible things like consumer behavior (qualitative), breaking it down into segments using economic and non-economic factors. You'll get market value data in USD Billion for each specific segment and sub-segment. We'll point out which region and segment we think will grow the fastest and be the biggest. We'll also analyze each region individually, showing how much of the product/service is used there and what's influencing the market. Check out our competitive landscape section, where we rank the major players and highlight new product launches, partnerships, expansions, and acquisitions from the last five years. We offer detailed company profiles with overviews, insights, product comparisons, and SWOT analyses. Get a current and future view of the industry, including growth opportunities, drivers, challenges, and restraints in both new and established regions. We also provide an in-depth analysis using Porter's five forces and offer valuable insight through the Value Chain. We'll explore the market's dynamics and point out growth opportunities for the years ahead. Plus, you'll receive 6 months of post-sales analyst support.

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