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The COVID19 pandemic has had a serious effect on the construction sector and has slowed the progress of infrastructure projects in Asia Pacific region.
Demand for residential and commercial buildings has declined because of supply chain disruption and shutdown in almost all countries. India and China were having massive covid 19 cases which harmed the sales of automatic doors. The market for automatic doors had declined over time.
Asia Pacific Automatic Door Market Scope and Research Methodology:
The study focuses on market dynamics such as drivers, restraints, challenges, and opportunities. This information on market dynamics is included in the Asia Pacific Automatic Door market research by region and segment, making it an investor's guide. Data for the report was gathered through primary and secondary research methods, which were blended to produce an error-free and authentic Asia Pacific Automatic Door market report. After estimating the total market size, the market was segmented into numerous segments and sub-segments, and the segments were validated through primary research by conducting in-depth interviews with prominent individuals in the Asia Pacific Automatic Door industry. The regional and Asia Pacific Automatic Door market sizes were estimated using the bottom-up approach. Secondary research was used to identify important Asia Pacific Automatic Door key participants in the industry, and their revenues were calculated using primary and secondary research. Secondary research includes data collection from various organisations' and governments' official databases, industry journals, white papers, annual reports, and suppliers in the Asia Pacific Automatic Door industry, as well as paid and free databases, whereas primary research includes in-depth interviews with opinion leaders and industry experts.
Asia Pacific Automatic Door Markt Report Overview:
The Asia Pacific Automatic Door The market has been predicted in terms of sales and revenue by region, kind, and application. The Asia Pacific Automatic Door Market study focuses on market share, primary suppliers, distributors, changing price patterns, and the raw material supply chain. The market study provides firms with in-depth knowledge of the worldwide Asia Pacific Automatic Door industry dynamics.
Asia Pacific Automatic Door Market Size was valued at USD 5.37 billion in 2022. Asia Pacific Automatic Door Market size is estimated to grow at a CAGR of 7.96% over the forecast period
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Asia Pacific Automatic Door Market Dynamics:
India and China are the leaders in Asia Pacific region. China and India account for about 36% of the total world population and 67% of the population in Asia. The demand for residential real estate is increasing rapidly. Residential and commercial construction is booming in this region.
Increasing construction of malls, hospitals, pharmaceutical companies, etc. is driving the automatic doors market in this region as automatic doors are widely used in these sectors.
Asia Pacific Automatic Door Market Segmentation:
By Operating Mechanism, the sliding category dominates the market and is predicted to grow at a CAGR of 7.8% over the forecast period. Because it provides several benefits such as energy savings and quick entry, the automated sliding mechanism is ideal for residential constructions, hotels, offices, flats, major retail outlets, airports, and other development projects.
The automatic door market is predicted to develop due to rising consumer adoption of sliding automated doors, as well as rising residential construction. Automatic doors are increasingly being used in hospitals and pharmaceutical industries.
Automatic doors are very beneficial in hospitals and pharmaceutical companies since hygiene is strictly regulated.
The automatic door market is divided into three segments based on end user: industrial, commercial, and residential. In terms of revenue, the commercial segment leads the market.
The increasing use of automatic doors and sliding doors in infrastructure projects and commercial buildings is propelling the Automatic Door Market forward. The commercial construction industry in India is predicted to grow at an 11.5% CAGR, driven by increased construction of malls and high-tech buildings.
Asia Pacific Automatic Door Market Key Players:
KBB Doors (Beijing, China)
ASSA ABLOY Group (Stockholm, Sweden)
Ningbo Oudany Automatic Doors Co., Ltd. (Zhejiang, China)
Shanghai DEPER Automatic Door & Window (China)
HOM Automation Pvt. Ltd. (India)
Kalsi Automatic Door Systems Pvt. Ltd. (India)
Microfine Autodoor Technology Co., Ltd (China)
Boom Edam (Netherlands)
Asia Pacific Automatic Door Market Regional Analysis:
North America, Asia Pacific, Europe, the Middle East and Africa, and South America are the primary areas covered in the Asia Pacific Automatic Door market study. The study also provides market size, CAGR, import and export data, and country-level analysis, which integrates the demand and supply factors of the Asia Pacific Automatic Door industry in these countries.
Key Questions answered in the Asia Pacific Automatic Door Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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