What is Panic Exit Devices?
Panic exit devices are also known as panic bars or push bars which are essential for emergency situations. This devices provides a simple, safe way to exit a residential properties. Panic exit hardware’s are installed on commercial doors and fire doors which allows quick and easy escape. This panic exit devices are works on mechanism that unlatches the door without the key or any other unlocking maneuvers. This devices allows quicker move in case of accidents or terrible situations. Panic exit devices provides the dual purpose of safety and security. Panic exit devices are generally differentiated into two types such as push type exit devices & touch type exit devices. Panic exit devices provide adequate space for escape in case of accident or emergency situations. They are used in residential buildings, commercial and institutional buildings such as schools, multiplexes, auditoriums and museums etc. Superior types of panic exit devices are manufactured for physically challenged people so that they can be operated by handicapped people. Geographically, Asia pacific region is expected to grow with high growth rate over forecast period owing to increased demand for residential buildings and increased population. Governments are taking initiatives for expansion of construction industries which will eventually impact on the demand for panic exit devices in positive manner. The government of Vietnamese government is offering incentives to private construction developers to build affordable houses and planning to provide USD 990 million for the construction of affordable houses for years between 2018 and 2022 in the country. Summary
The market study is broken down by Type (Removable Mullions, Mortise, Vertical Rod, Rim Exit and Other), by Application (Healthcare, Education, Transportation, Government and Other) and major geographies with country level break-up.
There are various companies are working in this industry to provide maximum efficiency in panic exit devices. Further companies are working to overcome challenge so that to increase the demand for this devices in less aware regions like African countries. There are various market players are entering in this industry to capture market growth opportunities by following technological trends. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry.
Axim Architectural Hardware (Parkside Group Ltd) (United Kingdom), DORMA Group (Switzerland), ASSA ABLOY Group(Sweden), Corbin Russwin (Germany), Doorwin International (India), Hangzhou Guardson Hardware (China), Kin Kei Hardware Industries (China), Exidor Limited (United Kingdom), Allegion Plc (United Kingdom) and Securefast Plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Thase Enterprise Co. (Taiwan) and AC Leigh (Norwich) Ltd (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Panic Exit Devices market by Type, Application and Region.
On the basis of geography, the market of Panic Exit Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Material, the sub-segment i.e. Stainless Steel will boost the Panic Exit Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Functionality, the sub-segment i.e. Push Type will boost the Panic Exit Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Technologically advancements such as use of cable for additional lock connection which is able to reduce the operating noise associated operation is gaining more attention from panic exit devices manufacturers
- The construction industry is rising due to rapidly growing population & growth in urbanization. Demand for residential properties and safety concerns in building are providing demand for the growth of the market
- Growing regulations of government regulations about public safety leads for the installation of panic exit systems in institutional, residential & industrial buildings
- Augmented property security which ensures continuity in security among the various residential properties providing opportunity to the market
- The high price of panic exit devices might hamper the growth of the market
- Less awareness in African countries regarding safety concern is known as challenge to the market
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
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