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Dublin, April 15, 2021 (GLOBE NEWSWIRE) -- The "Door Closer and Exit Devices Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global door closer and exit devices market by revenue is expected to grow at a CAGR of approx. 5% during 2020-2026.The global door market is witnessing constant innovations. The increasing demand for better technical features and efficient products is driving the market growth. Key vendors in the market have constantly been adopting innovative features to keep pace with changing regulations and consumer demands, thereby influencing the adoption of door closers and exit devices during the forecast period. They are manufacturing the devices that meet the requirements of recently updated BS8300 standards for low opening forces, CE marking, and compliance with fire regulations. The introduction of CAM-Motion technology, combining an integrated damping device that allows the door to be closed quietly, safely, and securely at a regulated speed, which can preserve the safety and silence of the door closing technique. These technologies are ideal for hospitality, healthcare, education, commercial, and government buildings. Vendors offer electric strikes, electromagnetic locks, and access control components in their products. ASSA ABLOY Electronic Security Hardware aims at providing innovation, strength, durability, quality, and no-fault warranty. They offer no-touch products to hands-free access control and egress. Hence, increase inventions and innovative designs are expected to contribute to the development of the global door closer and exit devices market.The following factors are likely to contribute to the growth of the door closer and exit devices market during the forecast period: Feature Enhancements and Product InnovationsBooming Demand in Emerging EconomiesPreference for Integrated Door ClosersGrowth in Real Estate and Construction Market The study considers the door closer and exit devices market's present scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.Global Door Closer and Exit Devices Market SegmentationThe global door closer and exit devices market research report includes a detailed segmentation by product, end-user, geography. Door closers are relatively familiar products, which are finding adoption in most emerging economies. Favorable government frameworks, stringent building codes, panic and fire emergency policies, the revival of the construction and tourism sector, renovation boom in APAC countries are some of the factors that can accelerate the adoption of door closers in the next five years. In 2020, North America dominated the market and accounted for a market share of 68%. The development of integrated door closers can drive momentum during the coming years as the installation of lightweight and elegant doors is gaining traction. The availability of heavy-duty pneumatic door closers with smother operation is expected to increase the share of hydraulic doors.The global commercial real estate market experienced rapid growth in 2019, mainly supported by the rising global investments. Commercial real estate mainly refers to retail stores, shopping malls, corporate offices, hotels, restaurants, business parks, and other commercial properties. However, the market witnessed a decline in 2020 owing to the COVID-19 pandemic outbreak. Since door closers constitute an integral part of the hospitality industry, the global hospitality industry's rapid growth is expected to support the growth of the global door closer market during the forecast period. In the corporate environment, door closers come with improved security, access solutions, and protection features. The increased installation of door closers and exit devices in office buildings, business parks, and workspaces is likely to influence the market growth.Key Questions Answered1. How big is the global door closer market?2. What is the growth rate of the global door closer market3. Which segments are likely to dominate the door closer and exit devices market share?4. Which end-user segment is likely to generate the largest revenue during the forecast period?5. What is the growth of the door closer and exit devices market in North America?Key Topics Covered: 1 Research Methodology2 Research Objectives3 Research Process4 Scope & Coverage4.1 Market Definition4.2 Base Year4.3 Scope of The Study5 Report Assumptions & Caveats5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation6 Market at a Glance7 Introduction7.1 Overview7.2 COVID-19 Impact8 Market Opportunities & Trends8.1 Feature Enhancements and Product Innovations8.2 Booming Demand in Emerging Economies8.3 Preference for Integrated Door Closers9 Market Growth Enablers9.1 Growing Real Estate and Construction Opportunities9.2 Policies Supporting Residential Boom9.3 Revival of Travel and Tourism Industry10 Market Restraints10.1 Fluctuating Raw Material Prices10.2 Stringent Frameworks And Regulations11 Market Landscape11.1 Market Overview11.2 Market Size & Forecast11.3 Five Forces Analysis12 Product12.1 Market Snapshot & Growth Engine12.2 Market Overview13 Door Closers13.1 Market Snapshot & Growth Engine14 Door Closer By Type14.1 Market Snapshot & Growth Engine14.2 Market Overview14.3 Mechanical14.4 Electromechanical15 Door Closer By Pressure15.1 Market Snapshot & Growth Engine15.2 Market Overview15.3 Hydraulic15.4 Pneumatic16 Door Closers by Operation16.1 Market Snapshot & Growth Engine16.2 Market Overview16.3 Overhead16.4 Floor Spring16.5 Integrated17 Exit Devices17.1 Market Snapshot & Growth Engine18 Exit Device by Type18.1 Market Snapshot & Growth Engine18.2 Market Overview18.3 RIM18.4 Vertical Rods18.5 Mortise18.6 Mullions19 Exit Device By Design19.1 Market Snapshot & Growth Engine19.2 Market Overview19.3 Touch Bar19.4 Crossbar19.5 Integral20 End-User20.1 Market Snapshot & Growth Engine20.2 Market Overview20.3 Commercial20.4 Residential21 Geography21.1 Market Snapshot & Growth Engine21.2 Geographic Overview22 North America22.1 Market Overview22.2 Market Size & Forecast22.3 Product22.4 Door Closer22.5 Exit Device22.6 End-User22.7 Key Countries23 Europe23.1 Market Overview23.2 Market Size & Forecast23.3 Product23.4 Door Closer23.5 Exit Device23.6 End-User23.7 Key Countries24 APAC24.1 Market Overview24.2 Market Size & Forecast24.3 Product24.4 Door Closer24.5 Exit Device24.6 End-User24.7 Key Countries25 Middle East and Africa25.1 Market Overview25.2 Market Size & Forecast25.3 Product25.4 Door Closer25.5 Exit Device25.6 End-User25.7 Key Countries26 Latin America26.1 Market Overview26.2 Market Size & Forecast26.3 Product26.4 Door Closer26.5 Exit Device26.6 End-User26.7 Key Countries27 Competitive Landscape27.1 Competition Overview28 Key Company Profiles28.1 ASSA ABLOY28.2 Allegion28.3 Dormakaba28.4 GEZE GMBH28.5 ISEO29 Other Prominent Vendors29.1 Gretsch-Unitas (G-U)29.2 Hager Group29.3 DOM29.4 Lawrence Hardware29.5 Dynasty Hardware29.6 Wright Products29.7 Dorence Industries29.8 Tell Manufacturing29.9 CAL-Royal Products29.10 The Godrej Group29.11 OUBAO29.12 SUZHOU FUERDA INDUSTRY29.13 ABUS29.14 Guangdong Archie Hardware29.15 C.R. Laurence29.16 Deltana Enterprises29.17 Kason Industries29.18 Rejuvenation29.19 Prime-Line Products29.20 RYOBI29.21 Detex Corporation29.22 Thase Enterprise29.23 Securefast PLC29.24 Hangzhou Guardson Hardware29.25 Fapim30 Report Summary30.1 Key Takeaways30.2 Strategic Recommendations31 Quantitative Summary31.1 Market by Geography31.2 Product31.3 Door Closer31.4 Exit Device31.5 End-User31.6 North America31.7 Europe31.8 APAC31.9 Middle East And Africa31.10 Latin America32 Appendix32.1 AbbreviationsFor more information about this report visit https://www.researchandmarkets.com/r/hpbf6w CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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