Global Garage Door Openers Market by Product Types, Applications and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global garage door openers market is projected to expand at a substantial CAGR during the forecast period. This growth is attributed to the increasing awareness towards garage security and privacy, urbanization, and surging disposable income.
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A garage door opener is a motorized device which is used to open and close garage doors. Most are controlled by switches on the garage wall, as well as by remote controls carried by the owner. They offer high level of safety and privacy. With the advent of technology, many different types of garage door openers are introduced by the manufacturers in the market to provide to provide a better security, safety and convenience and ease in automated operations.
Market Trends, Drivers, Restraints, and Opportunities:
- Rapid urbanization, and surge in disposable income are some of the key trends fueling the growth of the garage door openers
- Increasing awareness towards garage security as well as privacy, is driving the growth of the market.
- Bargaining power of buyers and suppliers, threat of substitutes, threat of new entrants, and industrial rivalry are some of the factors hindering the growth of the market.
- Complex installation and maintenance are the key restraints of the market.
- In this era of technological advancements, electrically operated doors using remote control or Wi-Fi is expected to foster the growth of the market over the forecast period.
Competitive Landscape:
Major companies in the global garage door openers market include Chamberlain, Genie, Sommer, Nortek, Overhead Door, Marantec, CAME, Skylink, Smartopeners, DECKO, Boss, North Central, Superlift, Hormann, LYNX, Foresee, Seaside, Culmination Family Profession, DoorMan, Goalwaytech, Baisheng, Wright.
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The global garage door openers market has been segmented on the basis of
Product Types
- Chain Driven Garage Door Openers
- Screw Driven Garage Door Openers
- Belt Driven Garage Door Openers
Applications
- Residential
- Commercial
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Garage Door Openers Market Overview
- Global Garage Door Openers Market Analysis and Forecast by Type
- Global Garage Door Openers Market Analysis and Forecast by Application
- Global Garage Door Openers Market Analysis and Forecast by Sales Channel
- Global Garage Door Openers Market Analysis and Forecast by Region
- North America Garage Door Openers Market Analysis and Forecast
- Latin America Garage Door Openers Market Analysis and Forecast
- Europe Garage Door Openers Market Analysis and Forecast
- Asia Pacific Garage Door Openers Market Analysis and Forecast
- Middle East & Africa Garage Door Openers Market Analysis and Forecast
- Competition Landscape
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