Security is always one of the top priorities if not the number one concern for large organizations and businesses. The exit devices are consist of a spring-loaded metal bar which is horizontally installed across the inside of a door. These devices are suitable for single or double doors, timber, metal, narrow profile, glass security and fire doors. The global exit devices market is expected to witness a high growth in near future due to increasing demand for fire rated doors and ease of installation.This growth is primarily driven by Increasing Demand for Fire Rated Doors and Ease of Installation.
Globally, a noticeable market trend is evident Rising Concerns Related To Safety and Security Issues. Major Manufacturers, such as Allegion (Ireland), Corbin Russwin (United States), Adams Rite (United States), ASSA ABLOY Group (Sweden), Arrow Lock (United States), Stanley Black & Decker, Inc. (United States), Detex Corporation (United States), GEZE GmbH (Germany), Fapim (Italy) and KCC Architectural (Ireland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Demand for Fire Rated Doors
- Ease of Installation
- Rising Concerns Related To Safety and Security Issues
- Fluctuations in Raw Material Prices
Increasing Demand from Emerging Economies
Intense Competition in the Market
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