The Gate Openers Global Market Report 2023, provides comprehensive information on the gate openers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Gate Openers Global Market Report 2023, the global gate openers market is expected to grow from $1.46 billion in 2022 to $1.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global gate openers market is expected to grow to $1.89 billion in 2027 at a CAGR of 5.1%.
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Technological advancement is the key trend that is gaining popularity in the gate opener market going forward. Major companies operating in the market are focused on research and development for product advancements to gain a competitive edge in the market. For instance, in July 2022, LiftMaster, a US-based company operating in the designing and engineering of residential gate openers, commercial gate operators, and gate entry systems, introduced IHSL24UL, a heavy-duty slide gate operator for moving the largest and heaviest gates used in industrial and guarded industrial applications. IHSL24UL industrial operator is capable of sliding gates up to 5,500 pounds and 90 feet long. Additionally, IHSL24UL consist of heavy-duty driving systems and brushless DC motors which offers high push power with industrial robustness to satisfy the requirements of Class III & IV applications such as manufacturing, transportation, municipality, utility, and warehouse environments.
The gate openers market is segmented:
1) By Type: Sliding Gate Opener, Swing Gate Opener, Other Types
2) By Product Type: Linear Ram, Underground, Articulated Ram, Sliding, Other Product Type
3) By Application: Residential, Commercial, Industrial, Other Applications
Asia-Pacific was the largest region in the gate openers market in 2022.
The table of contents in TBRC’s gate openers market report includes:
1. Executive Summary
2. Gate Openers Market Characteristics
3. Gate Openers Market Trends And Strategies
4. Gate Openers Market – Macro Economic Scenario
5. Gate Openers Market Size And Growth
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26. Africa Gate Openers Market
27. Gate Openers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gate Openers Market
29. Gate Openers Market Future Outlook and Potential Analysis|
30. Appendix
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