Garage Door Opener Market 2021 Development Strategy, Growth Factor, Industry Latest Updates, Business Statistics, Share, Size, Emerging Trends and Revenue Expectations to 2030

In a recent published report, Kenneth Research has updated the market report for Garage Door Opener Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Garage Door Opener Market products.

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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.

Global Garage Door Opener Market was valued at USD 1110 Billion in the year 2017. Global Garage Door Opener Market is further estimated to grow at a CAGR of 2.5% from 2018 to reach USD 1356 Billion by the year 2025. 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, Hörmann, CAME, and Dalian Seaside among others.

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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.
Major market players in Garage Door Opener Market are Chamberlain Group, Overhead Door, SOMMER Group, LiftLogix, Teckentrup, Marantec, Skylink, Hörmann, CAME, Dalian Seaside, Superlift, Rayno, Foresee, GTO Access Systems, ADH Guardian, Goalway Technology, Culmination Family Profession, DECKO, Baisheng Gate, Dalian Master Door,

SWOT Analysis of Garage Door Opener Market
Strength
Weakness
Opportunities
Threats

Garage Door Opener Market, By Product
*Belt Drive Openers
*Chain Drive Openers
*Screw Drive Openers
*Other

Garage Door Opener Market, By Application
*Home Garages
*Underground & Collective Garages

Garage Door Opener Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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