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High-speed Doors Market Size

  • Report ID: GMI11609
  • Published Date: Sep 2024
  • Report Format: PDF

High-speed Doors Market Size

The global high-speed doors market size was valued at USD 4.1 billion in 2023 and is expected to grow at a CAGR of 4.7% between 2024 and 2032. Industrial automation is driving the growth of the market by improving efficiency and reducing downtime.

 

As industries automate, the need for quick access within facilities increases. High-speed doors allow fast entry and exit, cutting wait times and keeping production lines running smoothly. These doors work well with automated systems like conveyor belts and robotic arms, creating a smooth workflow that boosts productivity. They also enhance safety by controlling access to sensitive areas, reducing accident risks. High-speed doors help save energy by maintaining temperature control in climate-sensitive areas, reducing air exchange, and lowering heating and cooling costs. Additionally, as logistics and warehousing grow with the rise of e-commerce, the demand for high-speed doors to manage fast-paced operations is increasing.
 

The large upfront expense for buying and installing these doors can discourage small and medium-sized businesses (SME) from using this technology, limiting the market's reach. Many businesses, especially those with tight budgets, might choose cheaper alternatives or traditional doors. These options may be less efficient but have lower initial costs. Also, the perception of excessive costs can make potential buyers hesitate. They might focus on immediate savings instead of long-term benefits, slowing market penetration, especially in cost-sensitive sectors.
 

Moreover, companies that invest in high-speed doors might face ongoing maintenance and operational costs. These extra expenses can make it harder to justify new installations financially. The combination of high initial costs and potential additional expenses can lead to slower adoption rates, limiting the acceptance of high-speed doors across various industries.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The high-speed doors industry was valued at USD 4.1 billion in 2023 and is estimated to grow at a 4.7% CAGR from 2024 to 2032, driven by advancements in industrial automation that enhance efficiency and reduce downtime.

The roll-up doors segment dominated the market in 2023, capturing a substantial market share of 71.6%. This segment is anticipated to maintain its lead, projected to reach a significant valuation by 2032.

The Asia Pacific region leads the high-speed doors market with a CAGR of 5.1% and is expected to reach USD 2.4 billion by 2032. Rapid industrialization and urbanization in countries like China and India have increased the demand for efficient access solutions in manufacturing and logistics, driving the need for high-speed doors in warehouses, factories, and distribution centers.

Key companies operating in the market include Angel Mir, ASI, ASSA ABLOY, Chase Doors, Dortek, Efaflex, Hart Doors, Hormann, Jdoor, PerforMax, Rite-Hite, Rytec, TNR, and Tosh Automation.

High-speed Doors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 247
  • Countries covered: 18
  • Pages: 370
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