| |
| The door automation industry is set to grow according to a recent study by IMS Research |
After struggling in recent years, the $5.4 billion world market for door automation is poised for a robust recovery, according to a recent study by IMS Research, the leading provider of market intelligence to the global electronics industry.
Revenues from the sale, service, and maintenance of automatic doors and operators, driven largely by non-residential construction activity, came to a grinding halt in much of the developed world following the world financial crisis. However, recent evidence suggests this trend is reversing itself.
A large number of automatic door suppliers reported modest revenue growth in the US following a torid three year period where revenues have been reduced by as much as 30%. Weak conditions in the US have been detrimental to the overall performance of the Americas region, with US door automation revenues accounting for more than 75% of the market. The pick-up in US commercial construction will not only have a positive impact on US door automation sales but also those of the Americas, where revenues are estimated to increase from $1,495.8 million in 2010 to $2,191.3 million in 2015, a CAGR of 7.9%.
"Building construction is capital-intensive, so when the world banking system started to fail, the building and door automation industries went with it," says Michael Arluck, the report author and analyst at IMS Research. Arluck continues, "That being said, it is time for the pendulum to swing the other way. In addition to improved construction activity, developments in green iniatives, regulations and building codes, and the continued build-out of South America are each forecast to play a major role in the Americas recovery."
The World Market for Door Automation, now in its second edition, is part of a larger body of research on Entrance Control technologies. The study is the most detailed and comprehensive of its kind, and is read by the leading decision makers in the market place.