Press release from Business Wire India
Source: Frost & Sullivan
Friday, January 03, 2014 11:27 AM IST (05:57 AM GMT)
Editors: General: Environment, People; Business: Business services, Construction, Heavy industries; Technology
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Greater Awareness about Energy Efficiency and Need for Convenient Automatic Doors in Public Places Spurs Indian Automatic Door Systems Market, finds Frost & Sullivan
Mumbai, Maharashtra, India, Friday, January 03, 2014 -- (Business Wire India) -- Rapid urbanization has given a boost to the construction of high profile commercial and hospitality buildings across India, fuelling the uptake of automatic door systems. Multinational companies looking to comply with international standards and save on energy costs prefer automatic doors despite the high initial costs. The market will continue to gain momentum as demand from the healthcare and residential sectors increases.
New study from Frost & Sullivan (http://www.buildingtechnologies.frost.com), Analysis of the Indian Automatic Door Systems Market, finds that the market earned revenues of INR 852 million in 2012 and estimates this to go up to INR 2438.7 million in 2018. The study covers sliding, revolving, swing, and special doors.
Increasing awareness on energy efficiency and the environmental impact of building materials and systems is making India an attractive market for automatic door system manufacturers including international companies from the United States, United Kingdom and Australia. "Automatic doors, especially in buildings located in high-traffic areas, are reducing heating and cooling costs significantly, and in turn creating a low carbon and contributing to a cleaner environment," explained Frost & Sullivan's Analyst from Environment & Building Technologies Practice. "The need for entrances to be easily accessible for differently-abled people and convenient for children, the elderly as well as customers who mostly leave shopping areas with their hands full is further encouraging the use of automatic doors in public places."
However, the high product and operational cost of automatic doors is causing many building owners in India to favor cost-effective alternatives like manual and semi-automatic doors. In addition, the lack of building standards in the country has resulted in the rampant installation of inexpensive, poor quality doors from China rather than high-quality ones from established domestic and international brands.
Revolving doors will be a fast growing segment, followed by sliding doors, which is the leading product segment in the total automatic door systems market in India. In the recent times, special types of automatic doors such as curved and semi-curved doors are gaining importance for their specific applications. Prices are expected to decline mainly due to increase in demand and localisation of component manufacturing. The growing construction sector will also serve as a major market driver for the automatic door systems market aiding it attain double the present market size in terms of revenue, by 2018.
"Automatic door system manufacturers should build a strong sales and services network channel to beat back stiff competition and earn market share," noted the analyst. "They must also offer a variety of products and reliable maintenance services to succeed in the cost-conscious Indian market." Automatic doors will witness significant penetration in the commercial, hospitality, and healthcare sectors, finding applications in new and retrofit projects.
If you are interested in a virtual brochure, which provides a brief synopsis of the study and a table of contents, then send an e-mail to Ravinder Kaur / Priya George, Corporate Communications, at ravinder.kaur@frost.com / priyag@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.
Analysis of the Indian Automatic Door Systems Market is part of the Building Management Technologies Growth Partnership Service program. Frost & Sullivan's related studies include: Analysis of LED lighting market in Middle East (GCC), Water and Wastewater Infrastructure Market in Middle East and North African Countries, Analysis of the Indian Lighting Control Systems Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the Indian Automatic Door Systems Market
P66A-19
CONTACT DETAILS
Ravinder Kaur, Corporate Communications - South Asia, Frost & Sullivan, +91 9940141714 / +91 (44) 66814413, ravinder.kaur@frost.com
Priya George, Corporate Communications - South Asia, Frost & Sullivan, +91 9840355432 / +91 (44) 66814414, priyag@frost.com
Nimisha Iyer, Corporate Communications - South Asia, Middle East, and North Africa, Frost & Sullivan, +91 9820050519 / +91 (22) 66072007, niyer@frost.com
KEYWORDS
ENVIRONMENT, PEOPLE, BUSINESS SERVICES, CONSTRUCTION, HEAVY INDUSTRIES, TECHNOLOGY
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