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Automatic Doors Market size is set to grow by USD 8.41 billion from 2024-2028, gaining traction in construction market boost the market- Technavio

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NEW YORK, Nov. 25, 2024 /PRNewswire/ — The global automatic doors market size is estimated to grow by USD 8.41 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.2%  during the forecast period. Gaining traction in construction market is driving market growth, with a trend towards increase in demand for automatic doors for cleanrooms. However, accidents and safety concerns  poses a challenge. Key market players include Allegion Public Ltd. Co., ASSA ABLOY AB, Auto Ingress Pty Ltd, Avians Innovations Technology Pvt. Ltd., Deutschtec GmbH, Dormakaba Holding AG, GEZE GmbH, JM Entrance Automation Pvt. Ltd., KBB International Co. Ltd, KONE Corp., Landert Group AG, MAGNETIC FAAC India Pvt Ltd., MANUSA GEST SL, Nabtesco Corp., Ningbo Meibisheng Auto gate Co. Ltd., Ningbo Ownic Technology Door Ltd., Ozone Overseas Pvt. Ltd, PortaFab Corp., Royal Boon Edam International BV, and Vina Sanwa, Zhejiang Seacon Door Technology Co., Ltd, TORMAX USA Inc, Ultra Safe Security Doors, Vortex Industries, Inc, Wilcox Door Service Inc

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Automatic Doors Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.2%

Market growth 2024-2028

USD 8.41 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.12

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 30%

Key countries

US, Canada, China, Germany, and France

Key companies profiled

Allegion Public Ltd. Co., ASSA ABLOY AB, Auto Ingress Pty Ltd, Avians Innovations Technology Pvt. Ltd., Deutschtec GmbH, Dormakaba Holding AG, GEZE GmbH, JM Entrance Automation Pvt. Ltd., KBB International Co. Ltd, KONE Corp., Landert Group AG, MAGNETIC FAAC India Pvt Ltd., MANUSA GEST SL, Nabtesco Corp., Ningbo Meibisheng Auto gate Co. Ltd., Ningbo Ownic Technology Door Ltd., Ozone Overseas Pvt. Ltd, PortaFab Corp., Royal Boon Edam International BV, and Vina Sanwa, Zhejiang Seacon Door Technology Co., Ltd, TORMAX USA Inc, Ultra Safe Security Doors, Vortex Industries, Inc, Wilcox Door Service Inc

Market Driver

Automatic doors are becoming increasingly popular in various sectors due to their convenience, accessibility, and safety benefits. Infrastructure development projects such as malls, airports, hotels, multiplexes, restrooms, hospitals, and commercial buildings are major consumers of automatic doors. These doors offer seamless entry and exit systems for individuals, making them ideal for public places. In the transportation sector, automatic doors are used in railway stations, bus terminals, and subway systems, enhancing the overall travel experience. Smart home applications and automation are also driving the demand for automatic doors, offering energy efficiency and privacy with mechanisms like privacy glass and opaque panels. Raw materials like metal and glass are used to manufacture automatic doors, with mechanisms including sliding and manual operation. Sensors and control systems are essential components, with options for photoelectric sensors, infrared sensors, and cable-free operation. Automatic doors offer safety features, including emergency departments, critical care units, and patient care areas, with response times crucial for emergency care. The transportation sector and commercial spaces, including office complexes, restaurants, and transportation infrastructure, are also investing in automated solutions for a hands-free, sensor-based type of experience. Building safety regulations and consumer spending power are key factors influencing the market growth of automatic doors. Additionally, automatic doors are customized to cater to various sectors, including healthcare facilities, laboratories, and educational institutions, ensuring cross-contamination and germ prevention. Overall, automatic doors offer a convenient, accessible, and safe solution for various industries and applications. 

The automatic doors market is witnessing significant growth due to the increasing demand for automatic doors in cleanroom environments. Cleanrooms are essential in industries such as laboratories and hospitals, where maintaining a sterile environment is crucial. Automatic doors are the preferred choice in these settings as they minimize microbial contamination and prevent cross-contamination. The integration of automatic doors in cleanrooms is becoming standard practice to ensure safety for both people and products. These doors are designed with materials that allow for the seamless integration of HVAC systems and entrances, maintaining the required microbiological levels while minimizing dust particle entry. The market for automatic doors in cleanroom applications is expected to expand substantially during the forecast period. 

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 Market Challenges

Automatic doors have become a standard infrastructure in malls, airports, hotels, multiplexes, hospitals, and various commercial buildings. These doors offer convenience and accessibility for individuals, especially those with mobility issues. However, challenges exist in meeting the unique needs of different sectors. For instance, in hospitals and emergency departments, safety, energy efficiency, and response times are critical. In contrast, in smart home applications and automation, cable-free operation and seamless experience are essential. Raw materials, such as privacy glass and opaque panels, add to the cost. Mechanisms like sliding doors and manual operation require regular maintenance. Sensors and control systems, including photoelectric and infrared sensors, ensure hands-free operation in public places. Building safety regulations and consumer spending power influence the market’s growth. The transportation sector, including railway stations, bus terminals, and subway systems, also presents significant opportunities. Infrastructure development projects and commercial spaces like offices, restaurants, and transportation infrastructure require automated solutions for efficient operation and enhanced user experience. Additionally, sensor-based types cater to the needs of wheelchair operators and laboratories. Privacy, cross-contamination, and germs are concerns in public places. Automatic doors offer a convenient and accessible solution for various sectors, ensuring a seamless experience while adhering to safety regulations.Automatic doors offer convenience and accessibility for businesses and their customers. However, the implementation of these doors comes with potential liabilities. Malfunctioning hardware can result in accidents, leading to financial losses for pedestrians and potential litigation against property owners. Regular maintenance is crucial to prevent such incidents. Neglecting this responsibility can result in costly lawsuits. The risks associated with automatic doors may hinder market growth, as businesses prioritize safety over convenience.

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Segment Overview 

This automatic doors market report extensively covers market segmentation by  

End-user 1.1 Commercial1.2 Industrial1.3 ResidentialProduct 2.1 Sliding doors2.2 Swing doors2.3 Folding doors2.4 Revolving doors2.5 OthersFunctionGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Commercial-  Automatic doors are essential in the commercial sector due to their safety, security, and convenience features. These doors are widely used in areas requiring hygienic conditions, such as hospitals, food processing units, and public transit systems. In commercial buildings, automatic doors are implemented for quick evacuation during emergencies, ensuring the safety of occupants. Touch-free activations like foot sensors and hand-wave sensors offer added convenience for staff. Automatic doors are also popular in areas with entry and exit barriers, such as parking plazas and toll plazas. The versatility and smart features of automatic doors are driving their demand in the commercial segment, making it a significant growth area in the global automatic doors market.

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Research Analysis

The Automatic Doors market encompasses a wide range of applications including malls, airports, hotels, multiplexes, restrooms, hospitals, and smart home applications. These doors offer convenience, accessibility, and safety for individuals, making them an essential component of modern infrastructure. Automatic doors come in various types such as entry systems and exit systems, with mechanisms that include sensors like photoelectric and infrared. They can be operated manually or automatically, with cable-free operation being a popular choice for smart home automation. Automatic doors provide energy efficiency, adding to their appeal, and are integral to smart building solutions. Raw materials used in their production include metals, glass, and plastics. The market continues to evolve, offering customized solutions to meet the diverse needs of various industries.

Market Research Overview

The Automatic Doors market is witnessing significant growth due to the increasing demand for convenience, accessibility, and safety in various sectors. Automatic doors are increasingly being used in malls, airports, hotels, multiplexes, restrooms, hospitals, and other commercial buildings. Infrastructure development projects, railway stations, shopping malls, educational institutions, and transportation infrastructure are some of the major applications driving the market’s growth. Automatic doors offer several benefits, including energy efficiency, safety mechanisms, and seamless experience. They come in various types, such as sliding automatic doors, manual operation, and sensor-based types. The market also offers customized solutions for individuals and smart home applications. Raw materials used in automatic doors include metal and glass, while mechanisms include photoelectric sensors, infrared sensors, and cable-free operation. Automated solutions and smart building solutions are also gaining popularity. The transportation sector is a significant consumer of automatic doors due to building safety regulations and consumer spending power. Automatic doors offer privacy and security with opaque panels and emergency departments, critical care units, patient care, and emergency teams benefit from quick response times and sensor-based types. Automatic doors are also used in public places such as theaters, grocery stores, and laboratories to ensure a seamless experience and prevent cross-contamination and germs. Maintenance charges are a concern, but the benefits of automatic doors outweigh the costs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userCommercialIndustrialResidentialProductSliding DoorsSwing DoorsFolding DoorsRevolving DoorsOthersFunctionGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Strictly Money Launches Crowdcube Campaign, Inviting European Investors to Fuel its Growth Journey

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LONDON, Dec. 27, 2024 /PRNewswire/ — Strictly Money Ltd, the London-based fintech, has launched a crowdfunding campaign on Crowdcube to invite European investors to fuel its next phase of growth. Crowdcube, Europe’s largest private market investment platform, has powered success stories like Revolut, Qonto, and Monzo. Regulated by the UK’s Financial Conduct Authority (FCA), Crowdcube provides a trusted and innovative platform for investors to participate in transformative ventures.

Strictly Money’s primary objective with this campaign is to accelerate its growth, fuel product development, and expand its shareholder base. The funding will enable Strictly Money to launch its payment card and banking app in early 2025 and to strengthen its market presence in Scandinavia, the UK, and Ireland. The company plans to introduce hedge fund returns products, broadening investment options for consumers by the end of 2025.

Discover how you can be part of Strictly Money’s growth journey by visiting our Crowdcube campaign at https://crowdcube.getstrictlymoney.com.

Will Povey, CEO and Co-Founder of Strictly Money, said: “At Strictly Money, our vision is to empower everyday investors with access to wealth-building tools and opportunities that were previously reserved for high-net-worth individuals. With this crowdfunding campaign, we aim to bring together a diverse community of investors who share our passion for financial innovation and inclusivity. This funding will not only help us launch our innovative debit card and app but also drive the development of new products that deliver real value to our users.”

About Strictly Money:

Strictly Money is a UK-based financial technology company set to launch a debit card and a cutting-edge banking app in early 2025. The company aims to democratize access to high-performing hedge fund returns, providing innovative investment strategies and financial solutions tailored to investors, savers, and entrepreneurs. Strictly Money’s mission is to open up premium investment opportunities traditionally limited to high-net-worth individuals (HNWIs). For more information, visit https://strictly-money.com.

For media inquiries contact:
Mary Prendergast
Email: ir@getstrictlymoney.com 

Important Notice: 

Investing in startups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Please read the full Risk Warning on Crowdcube’s website before deciding to invest.

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HackIndia 2025 Expands to Reach 25,000 Students Across 150 Universities, Breaking Barriers to Web3 and AI Opportunities

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NEW DELHI, Dec. 26, 2024 /PRNewswire/ — HackIndia, the nation’s largest Web3 and AI hackathon series, is set to make a groundbreaking return in 2025. Building on the extraordinary success of HackIndia 2024, which engaged 9,000 students across 50 universities, HackIndia 2025 will grow its reach to 25,000 students across 150 universities, further solidifying its position as a transformative platform for India’s budding tech talent.

Organized by CSharpCorner, HackIndia’s mission is clear: to connect Indian students and universities with emerging Web3 and AI technologies by providing education, resources, and opportunities while eliminating barriers to entry. The initiative is not just a hackathon—it is a movement to empower India’s youth by fostering innovation, skill development, and career growth.

Empowering Students Through Innovation
HackIndia 2025 introduces an exciting new feature that will fuel real-world innovation. For the first time, teams will gain access to accelerated grants and industry mentors to develop their Web3 and AI projects beyond the hackathon stage. This initiative will enable young developers to transform their ideas into tangible solutions, pushing the boundaries of Web3 innovation in India.

Furthermore, HackIndia 2025 is addressing a crucial need for students by providing career pathways. The ten events will feature opportunities for participants to network with leading employers, explore career options, and even interview for roles within the Web3 and AI sectors. This addition reflects HackIndia’s broader commitment to not only educating students but also helping them secure meaningful employment.

A Legacy of Impact
HackIndia was created as part of CSharpCorner’s dedication to helping Indian students learn, earn, and grow. As a global community of 3 million developers and tech enthusiasts, CSharpCorner has consistently championed opportunities for Indian students, helping them access cutting-edge technology and mentorship. By expanding HackIndia year after year, the initiative has become a launchpad for India’s next generation of innovators, empowering them to succeed in the global tech economy.

“HackIndia is not just a series of events. It’s a movement,” said Stephen Simon, Director CSharp HackIndia. “By scaling HackIndia to new heights in 2025, we’re investing in India’s greatest asset—its youth—and paving the way for a brighter, more innovative future powered by Web3 and AI.”

HackIndia 2025 promises to be more than just a hackathon—it will be a stepping-stone for students to unleash their potential, build meaningful solutions, and shape the global future of technology.

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SOURCE CSharp Inc

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PEAK6 to Relocate Global Headquarters to Austin, Texas

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CHICAGO, Dec. 27, 2024 /PRNewswire/ — PEAK6 Investments LLC (“PEAK6”) today announced that, effective January 1, 2025, it will move its global headquarters from its current location in Chicago, Illinois to the company’s existing office in Austin, Texas, which it established in 2021. PEAK6 affiliates PEAK6 Group LLC, PEAK6 Strategic Capital LLC, PEAK6 APX Holdings LLC and PEAK6 LLC will also relocate their global headquarters to Austin. PEAK6 will maintain its office in Chicago.

Texas has been a cornerstone of PEAK6’s growth for over a decade,” said PEAK6 Co-Founder and Co-CEO, Matt Hulsizer, who continued, “With the majority of our talented workforce now based in Texas and Austin emerging as our largest office, moving our headquarters was an important decision to be closer to our team. We’re excited for the next chapter of PEAK6 that will be written from our new headquarters.”

Austin’s unique blend of creativity, technology and culture provides the ideal environment for PEAK6. The city’s highly educated workforce, business climate, and strong entrepreneurial spirit have enabled us to attract top talent and drive innovation.

About PEAK6

PEAK6 uses technology to find a better way of doing things. The company’s first tech-based solution was developed in 1997 to optimize options trading, and over the past two decades, the same formula has been used across a range of industries, asset classes, and business stages to consistently deliver superior results. Today, PEAK6 seeks transformational opportunities to provide capital and strategic support to entrepreneurs and forward-thinking businesses.

PEAK6’s core brands include PEAK6 Capital Management, PEAK6 Strategic Capital, Apex Fintech Solutions, We Insure, FOCUS, Zogo, Evil Geniuses and Poker Power.

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SOURCE PEAK6 Investments

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