What is Global Door Closer Market?
The Global Door Closer Market is a comprehensive study of the various aspects of the door closer industry on a global scale. A door closer is a mechanical device that closes a door, in general after someone opens it or after it was automatically opened. The market encompasses a wide range of products, including surface applied door closers, concealed door closers, and floor spring door closers, each with its unique features and applications. The market is driven by the increasing demand for these products in various sectors, including residential and commercial. The market is also influenced by the technological advancements in the door closer industry, which have led to the development of more efficient and reliable products. The Global Door Closer Market is a highly competitive market, with several key players operating in the industry. However, the market also presents numerous opportunities for new entrants, given the growing demand for door closers in emerging economies.
Surface Applied Door Closer, Concealed Door Closer, Floor Spring in the Global Door Closer Market:
The Surface Applied Door Closer is a type of door closer that is mounted on the surface of the door. It is the most common type of door closer and is widely used in both residential and commercial settings. The Concealed Door Closer, on the other hand, is a type of door closer that is hidden from view, usually installed inside the door or its frame. This type of door closer is often used in settings where aesthetics are important, such as in high-end commercial buildings or luxury residences. The Floor Spring Door Closer is a type of door closer that is installed in the floor beneath the door. It is often used in heavy doors or doors that need to be opened in both directions. Each of these types of door closers has its own advantages and disadvantages, and their usage depends on the specific requirements of the user.
Commercial, Residential in the Global Door Closer Market:
The Global Door Closer Market finds its usage in various areas, including commercial and residential. In the commercial sector, door closers are used in offices, retail stores, hospitals, schools, and other public buildings. They are used to ensure that doors close automatically, preventing the spread of fire and maintaining the temperature and air pressure inside the building. In the residential sector, door closers are used in homes and apartments to ensure that doors close automatically, providing convenience and security to the residents. The demand for door closers in both these sectors is driven by the increasing awareness about the benefits of door closers, including energy efficiency, safety, and security.
Global Door Closer Market Outlook:
The Global Door Closer Market outlook highlights that the market was valued at US$ 2718.4 million in 2022. It is anticipated to reach a value of US$ 3238 million by 2029, witnessing a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period from 2023 to 2029. China is the largest market for door closers, occupying about 25% of the market. It is followed by Europe and North America, which respectively account for around 23% and 20% of the global total industry. The global leading player in this market is Allegion, which accounts for 25% of total revenue market. These figures indicate the significant growth potential of the Global Door Closer Market, driven by the increasing demand for door closers in various sectors and the technological advancements in the industry.
| Report Metric | Details |
| Report Name | Door Closer Market |
| Accounted market size in 2023 | US$ 2718.4 million |
| Forecasted market size in 2030 | US$ 3238 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Allegion, DORMA, ASSA ABLOY, GEZE, Oubao, FRD, Stanley, Ryobi, Hutlon, Archie, Kinlong, CRL, Cal-Royal, Hager |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
