The revolving doors market size is projected to reach US$ 1,372.6 million by 2031 from US$ 913.58 million in 2023. The market is expected to register a CAGR of 5.2% during 2023–2031. The dynamic and promising economic outlook in developing countries and technological advancement in various Asian countries is likely to remain a key trend in the market.
The increase in demand for modern facilities in commercial spaces, growing industrialization and urbanization are strengthening the demand for revolving doors across the globe. Additionally, the growing focus on the construction of high-rise buildings in China and Japan has increased the application of advanced revolving doors and is offering new opportunities to drive the demand for revolving doors globally. Various end-users include airports, train stations, government facilities, commercial buildings, education institutions, data centers, financial institutions, malls, hotels, and others. Further, various industry associations for revolving doors include the US Green Building Council, Housing Innovation Association, European Committee for Standardization (CEN), Emergency Exit Compatible (EN16005), National Institute for Public Health and the Environment (RIVM), among others.
The key stakeholders in the revolving doors market include revolving doors manufacturers, distributors and traders, end-users, various investment research firms, government and regional agencies and research organizations. ASSA ABLOY, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, KONE Oy, Manusa, Royal Boon Edam International B.V., Stanley Access Technologies LLC, and TORMAX are among the prominent players operating in the global revolving doors market.
Growing urban development and the proliferation of advanced office spaces, coupled with an increase in investment in modern infrastructure facilities, have resulted in high demand and application of revolving doors globally. Moreover, there is a rise in the installation of revolving doors in the industrial sector. The rise in the development of the industrial sector is estimated to steer the growth of the revolving doors in the near future all over the world.
Positive economic outlook in developing countries such as China and Japan, allowing the development of the revolving doors market. The revolving doors market is growing due to commercial construction projects along with a growing number of shopping complexes and retail stores. The high standard of living and rise in construction sector development have increased the growth of the revolving doors market in developing nations. Furthermore, increasing demand for automatic revolving doors for commercial and industrial spaces is anticipated to drive product demand in the region, which is also projected to drive the growth of the revolving doors market globally over the coming years.
Key segments that contributed to the derivation of the revolving doors market analysis are product type, operation type and application.
The geographic scope of the revolving doors market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America is leading the market. High technological development and a growing number of commercial spaces are acting as a major driver for the revolving doors market in the region. The growing industrialization and rising number of urban population are boosting the installation of revolving doors in the US. The growing development in the construction sector in developing nations like India, is also having a positive impact on the revolving doors market globally.
The regional trends and factors influencing the Revolving Doors Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Revolving Doors Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 913.58 Million |
| Market Size by 2031 | US$ 1,372.6 Million |
| Global CAGR (2023 - 2031) | 5.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Revolving Doors Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Revolving Doors Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Revolving Doors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Revolving Doors market are listed below:
The “Revolving Doors Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
North America dominated the revolving doors market in 2023.
The integration of automatic revolving doors is the future trend of the revolving doors market.
ASSA ABLOY AB, CoMETA SpA, dormakaba Group, GEZE GmbH, Horton Automatics, KONE Ojy, Manusa, Royal Boon Edam International B.V, Stanley Access Technologies LLC, and Tormax USA Inc. are some of the leading players in the market.
US$ 1,372.6 million estimated value of the revolving doors market by 2031.
5.2% is the expected CAGR of the revolving doors market.