Global Collapsible Gates Market: Introduction
Collapsible gates also known as accordion or scissor gates, are a type of security gate that retracts to open and close. Collapsible gates are most versatile and popular gates, providing high security against vandals, burglars and other intruders. Collapsible gates also provides optimum ventilation and vision. Owing to their characteristics collapsible gates are installed in wide range of architectural settings. Collapsible gates are suitable for both residential as well as commercial applications. Collapsible gates are generally made of either galvanized steel or stainless steel. Collapsible gates are used as an alternative to roller shutters or grilles owing to its versatility and ease of installation. Collapsible gates can be top hung, bottom rolling or spearhead type, however, top hung collapsible gates are preferred owing to their superior operating capabilities.
Global Collapsible Gates Market: Market Dynamics
The construction industry witnessed a moderate growth over the past couple of years. However, the construction industry is expected to regain confidence in the forthcoming years. Collapsible gates being an integral part of residential and commercial structures, collapsible gates market is expected to witness lucrative growth during the forecast period driven by the recovery in construction industry. Moreover, macroeconomic factors such as, population growth and high urbanization and industrialization rate are expected be among the key driving factors for residential and infrastructural development in developing countries, thereby augmenting the collapsible gates market. Further, commodity prices moved towards stability, creating sustainable market opportunities across regions, and translating the positive effects of the same on the global collapsible gates market. However, fluctuating raw material predominately of crude steel is expected to have negative impact on the growth of collapsible gates market.
Driven by increased safety and security concern the demand for collapsible gates is expected to grow during the forthcoming years. The market participants provides custom and tailor made collapsible gates to meet the individual specifications. Moreover, market participants are also providing the galvanized or coated collapsible gates for increasing the corrosion resistance and durability. Residential segment is expected to be most attractive segment in the global collapsible gates market creating significant growth opportunity for the market participants. In addition, upsurge in remolding and renovation activity in the developed economies such as U.S. and Europe are expected to drive the collapsible gates market.
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Global Collapsible Gates Market: Segmentation
The global Collapsible Gates market on the basis of gate type can be segmented as:
The global collapsible gates market on the basis of end-use can be segmented as:
The global collapsible gates market on the basis of number of shutters can be segmented as:
Global Collapsible Gates Market: Regional Outlook
Asia Pacific is expected to dominate the global collapsible gates market with significant share, and is projected to witness lucrative growth during the forecast period driven by rapid population growth, urbanization and rising disposable income. Developing countries such as India, China and ASEAN are expected to have positive growth prospects driven by increasing commercial and residential construction sector growth. North America led by U.S. are expected to witness robust growth opportunity for the market participants driven by recovery in residential construction activity and increasing number of house starts in the country. Further, increasing immigration is contributing significantly toward the growth of U.S. construction industry thereby driving the growth of collapsible gates market. European collapsible gates market is expected to witness healthy growth driven by increasing renovation spending and housing market growth fueled by rising income and high levels of net migration. Latin America and Middle East & Africa collapsible gates market are expected to grow at a moderate pace compared to other regions during the forecast period.
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Global Collapsible Gates Market: Key Players
Examples of some of the key players identified in the global collapsible gates market are as follows: