Global Garage Door Openers Market Overview:
The garage door openers is a motorized device that opens and closed the garage doors. The garage door openers market has high growth prospects due to convenient, secure and less consuming energy. Additionally, technological advancements such as improved smartphone control apps, universal sensors and automatically controlled contribute to the market expansion. For instance, Merlin launched a new smart product range that used to monitor and control the garage door from mobile phones, from anywhere, at any time. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the residential purpose. According to AMA, the Global Garage Door Openers market is expected to see growth rate of 5.71% and may see market size of USD1762.8 Million by 2024.
- Increasing Number of Residential Garages
- Rising Number of Automatic Garage Door Opener
- High Cost Associated with Garage Door Opener
- Skilled Professional Required for Installations
- Upsurge Demand for Technological Advanced Garage Door Opener through Smart Phones
- Growing Demand Due to Bad Weather Condition Such as Winter and Others
- System Failures Leads to Hamper the Growth of the Market
- Lack of Awareness among the Customers
Some of the key players profiled in the report are Chamberlain (United States), Genie (United States), Sommer (Germany), Nortek (United States), Overhead Door (United States), Marantec (United States), Smartopeners (Australia), DECKO (United States), Marantec (United States), DoorMan (United States), Baisheng (China) and Wright (United States). Considering Market by End Users, the sub-segment i.e. Residential will boost the Garage Door Openers market.
In May 2018, Garageio door-controlling startup acquired by maker of garage door openers. This acquisition offers a mobile app-based solution that monitors and controls the garage door openers and other hardware.
In January 2020, The Genie Company announced to launch two innovative, all new residential units, the model 6170 and 6070 wall mount garage door openers which is beneficial for monitoring smart garage door. It consists of an internal detection safety feature that eliminates ceiling, noise, and vibration.
“According to U.S. Consumer Product Safety Commission, it classifies some rules for automatic residential garage door openers that consist of external entrapment protection devices, such as “electric eyes” that “sees” an obstructing the door without having actual contact with the objects. The reversing feature should be tested monthly.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Garage Door Openers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Garage Door Openers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Garage Door Openers Manufacturers, Garage Door Openers Suppliers, End-User of Different Segments of Garage Door Openers, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.