In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Garage Door Opener market for 2018-2023.
A garage door opener is a motorized device that opens and closes garage doors. Most are controlled by switches on the garage wall, as well as by remote controls carried by the owner.
The global Garage Door Opener industry is characterized by several large international manufactures and many smaller regional and local manufactures. Therefore, market share concentration is low. The two largest operators account for about 31.02% of total industry revenue in 2015, most manufactures operate locally and provide services to a small segment of the population. Nonetheless, market share has increased over the past five years because a number of companies were acquired during the recession. Larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures. Key market players include Chamberlain Group, Overhead Door, SOMMER Group, LiftLogix, Teckentrup, Marantec, Skylink, HÃ¶rmann, CAME, and Dalian Seaside among others.
Worldwide, home garages was the largest consumer of Garage Door Opener, which is responsible for about 79.39 percent of Garage Door Opener consumption in 2016. The remaining 20.61 percent was consumed for Underground and Collective Garages.
Over the next five years, LPI(LP Information) projects that Garage Door Opener will register a 2.5% CAGR in terms of revenue, reach US$ 1290 million by 2023, from US$ 1110 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Garage Door Opener market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Belt Drive Openers
Chain Drive Openers
Screw Drive Openers
Segmentation by application:
Underground and Collective Garages
This report also splits the market by region:
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
GTO Access Systems
Culmination Family Profession
Dalian Master Door
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Garage Door Opener consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Garage Door Opener market by identifying its various subsegments.
Focuses on the key global Garage Door Opener manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Garage Door Opener with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Garage Door Opener submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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