Door Closer and Exit Device Market

Market Overview

The global door closer and exit device market was valued at USD 3.81 billion in 2022. It is estimated to reach USD 5.54 billion by 2031, growing at a CAGR of 4.25% during the forecast period (2023–2031). Concealed door closers are projected to become a significant trend in the door closer market in the foreseeable future, experiencing substantial growth in door closer and exit device market share in the next years.

In residential and non-residential structures, including commercial and industrial ones, doors have long been a standard element. Glass panes set on wooden or metal frames make up the majority of ordinary doors. Wood, plastic, and glass are the main materials for inside doors, while exterior and exit doors are made of hardwood, metal, and fiberglass. In a residential building, there must be a door in each room. On the other hand, commercial buildings have a lot of doors. Therefore, effective escape devices are needed for fire and emergency doors in commercial spaces.

Various types and door closer options are available in the market. These devices are chosen based on the frequency of use, lifecycle cost, aesthetics, necessary features, and functions. At the end of the closing cycle, a backcheck feature is applied to prevent the door from hitting the stop with excessive force and protects doors and walls behind against damage. They maintain a uniform speed while shutting until within a few degrees from the latch. The latching speed ensures that the door is closed firmly and is latched without slamming.

Market Dynamics

Global Door Closer and Exit Device Market Drivers:

Feature Enhancements and Product Innovations

Retail and consumer products need constant innovation to meet changing door closer and exit device market demands. The key market players invest in the R&D of new products and features annually. These constant innovations drive the market's growth by increasing the demand for efficient products with better technical features. The market's major players have also been implementing cutting-edge features to stay up with shifting laws and consumer needs, fueling the market's expansion. For example, the British government mandates all commercial spaces to comply with the building regulations and Approved Document M and BS8300, which define the standards for closing and opening force.

Additionally, the basic purpose of exit devices is to evacuate mass quickly in case of any emergency crash into the doors to exit. Exit devices must follow building codes and local fire departments where exit devices must be used. The key players, such as Allegion and ASSA ABLOY, are manufacturing door closers and exit devices that meet these recently updated BS8300 requirements for low opening forces, CE marking, and compliance with fire regulations. ASSA ABLOY also introduced innovative features like CAM-Motion technology, which combines an integrated damping device that permits doors to be closed quietly, safely, and securely at a regulated speed.

Moreover, the business has unveiled Close-Motion technology in addition to CAM-Motion technology, allowing the door to slide practically softly. This technology initially closes the door quickly, and then it is softly dampened and finally pulled reliably close. However, the best feature of these products is that they require minimum maintenance and do not require complicated adjustments in door closers. Hence, the innovation mentioned above drives door closer and exit device market growth.

Growing Preference for Integrated Door Closers

The demand for concealed or integrated door closers has rapidly increased in the global market. Integrated or concealed door closers refer to the type of door closers that are hidden within the jamb. These are fitted into the recesses of the door and the frame. These door closers are not visible once the door is closed. In addition, integrated door closers provide protection against contamination and weather effects since they are completely integrated into the door leaf and frame. They are also aesthetically appealing because they are concealed.

Although these products are more expensive than other variants and difficult to install, the inherent advantages of these door closers drive their demand, mainly in the commercial sector. Hence, they are widely used as modern décor offices, commercial spaces, retail stores, hotels, and other hospitality sectors. Players such as GEZE are one of the major frontrunners in integrated door-closing technology. Therefore, concealed door closers are expected to emerge as a major trend in the door closer market during the forecast period, with a rapidly increasing door closer and exit device market share over the next few years.

Global Door Closer and Exit Device Market Restraint:

Fluctuating Raw Material Prices

The price of raw materials makes up a sizable amount of the overall cost of production. Market players use high-quality raw materials to produce robust, dependable, secure door closers and exit devices. The primary raw materials for door closers are cast iron, steel, aluminum, brass, and brass. Therefore, market players may face substantial operational risk due to the availability and price fluctuation of these raw commodities. Labor costs are a specific type of operational expenditure that has been affected.

Fluctuations in the prices of raw materials also reduce their profit margins, affecting the overall door closer and exit device market growth. However, low-cost countries gradually lose their advantages due to rising labor costs. For instance, in China, the population has become affluent and has moved up the learning curve, thus raising the cost of employment. The drastic shift of electronics, components, and accessory manufacturing due to the cost advantages they offer through low-cost labor, established raw material supply chain, and easy availability of raw materials compared with countries in the West is the primary reason for the high concentration of consumer product manufacturers in these countries. All such factors impede market growth.

Global Door Closer and Exit Device Market Opportunities:

Growing Real Estate and Construction Sector

The expansion of commercial buildings, including office buildings, malls, and retail spaces, is anticipated to boost the expansion of the worldwide door closer industry. Most commercial venues use state-of-the-art infrastructure and technologies to improve the area's aesthetics and ensure the highest level of comfort and security. By 2030, the world's construction production is projected to exceed USD 15.2 trillion, an increase of more than 80% from its 2018 level. The development of the global construction market is primarily supported by the economic recovery of developed countries and growing industrialization in developing countries. Moreover, India's construction output is expanding rapidly due to the rising urban population. It was estimated that over 35% of the population in India lived in urban areas as of 2020, and it is expected to shoot up to 50% by 2050.

Furthermore, the rise of the commercial real estate industry is anticipated to be propelled by the expansion of retail and corporate operations. The market for commercial real estate in developing countries, particularly after 2021, will be propelled by decreasing unemployment rates, increasing consumer disposable income, and growing corporate earnings. Amidst sluggish growth in regions like Europe and Japan, investors are progressively shifting their focus towards the burgeoning economies of China and India, offering several expansion prospects. Therefore, the global door closer market is expected to grow significantly during the forecast period.

Regional Analysis

Regional Analysis of the Global Door Closer and Exit Device Market:

Based on region, the global door closer and exit device market share is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

North America Dominates the Global Market

North America is the most significant global door closer and exit device market shareholder and is anticipated to exhibit a CAGR of 3.30% during the forecast period. Construction activity in the US continues to rise with the growing population and urbanization in the country. The demand for single-family and multifamily construction has increased significantly in recent years. The non-residential construction market will continue to rise with the increasing construction of stores, manufacturing units, warehouses, offices, intuitions, and hotels. It is anticipated that the US's expanding manufacturing and hospitality sectors will propel new commercial building development.

Additionally, offices, hotels, institutions, and business centers contribute to building construction. For instance, in 2019, the non-residential contracts were estimated at more than 900 million square feet. Moreover, the United States is home to some of the world's most expansive commercial real estate, including hotels, business centers, shopping centers, and other megastores. As a result, the demand for door closers and exit devices is expected to be driven by the increased number of buildings in the US.

Europe is estimated to exhibit a CAGR of 3.76% over the forecast period. The primary factors that supported the growth of construction were mainly a strong economic environment, favorable interest rates, and higher government spending on public infrastructure. Other factors, such as rising immigration and urbanization, have also triggered the expansion of local housing supply and public infrastructure in recent years. However, countries such as France and the UK are expected to witness fluctuation in the manufacturing and construction sectors, which is expected to impact the market.

Moreover, the growth in Eastern European countries mainly comes from the rapid increase in construction activities. One of the major reasons for the high adoption of innovative door closers and exit devices in European households is the rising per capita disposable income. The improving economy in many European countries has increased disposable income in Europe.

Segmental Analysis

By door closer, the market is segmented by type, pressure, and operation.

Based on type, the market is bifurcated into mechanical and electromechanical. 

The mechanical segment dominates the global market and is projected to exhibit a CAGR of 3.25% over the forecast period. These door closers also come with additional features such as fire protection, which latches the fire door completely in the event of a fire, thereby preventing the proliferation of fire and smoke. These features are extremely important for fire doors. If these door closers fail to latch the door completely, they may cause damage to properties and loss of life.

Door closers must also comply with the Americans with Disability Act (ADA) and the Equalities Act-disability legislation, which ensures easy access to individuals with a disability to commercial facilities, public accommodations, and state and local government facilities. These advantages and uses are expected to drive the demand for mechanical door closers, especially in commercial spaces.

Based on pressure, the market is divided into hydraulic and pneumatic. 

The hydraulic segment is the largest revenue contributor to the market and is expected to exhibit a CAGR of 3.28% throughout the forecast period. Hydraulic door closers with hold-open systems allow doors to remain open at a 90-degree angle. A slight push is required to close the door back to its position. Hydraulic door closers have a controllable latch system with security locks that can be easily used indoors. This enables the door to close without creating noise.

The sweep speed of the door closer can also be regulated to control the door closing speed. The various advantages of hydraulic door closers make them ideal for commercial usage. However, it is also used in storm doors in residential spaces. Hence, the hydraulic door closers segment dominated the global door closer market and is expected to retain its dominance during the forecast period.

Based on operation, the global door closer and exit device market is segmented into integrated, floor spring, and overhead. 

The overhead segment owns the highest market share and is estimated to exhibit a CAGR of 3.32% during the forecast period. Depending on their assembly, door closers can be of different types. Overhead door closers are fitted to the upper area of the door leaf or door frame. These door closers are visible since they are externally placed. The overhead door closers can also be of various types, including those with guide rails or link arms, which are available in different variants, from small overhead closers to multifaceted variants. They are also used in fire and smoke protection doors.

Overhead door closers are more prevalent and hold a dominant market share due to their extensive application in commercial and institutional settings. These closers are the most common door closers used in exterior and interior doors across most heavy-to-moderate traffic locations. The widespread use of these door closers across all commercial and institutional sectors primarily drives the market's growth.

By exit devices, the market is segmented by type, design, and end-user.

Based on type, the market is segmented into the rim, vertical rods, mortise, and mullion. 

The rim segment owns the highest market share and is estimated to exhibit a CAGR of 5.58% during the forecast period. Installing rims on double doors can be facilitated using a mullion, which can be either fixed or removable. This allows the strikes for each rim to be installed on either side of the mullion. Therefore, the double door application can enhance the market for dual applications such as mullion. Most rims also have outside trims that perform various functions such as exit only, passage, classroom function, storeroom, and dummy trim function. These rims can also find adoption in the market owing to their easy installation and enhanced security features with adjustable strikes.

Based on the design, the market is segmented into touch bar, crossbar, and integral. 

The touch bar segment dominates the global market and is expected to exhibit a CAGR of 5.47% during the forecast period. Touch bars with integral locks combine convenient operation and assembly with proven mechanics. This further facilitates a multitude of operations in panic and fire doors. The touch bar design's low projection can facilitate single-point or multi-point latching with optional modular locking elements. For instance, the new ePED panic touch bar from ASSA ABLOY is perfect for use in locations with high foot traffic, like schools, universities, museums, and retail malls, as well as security-sensitive regions like airports because of its future-proof designs. The innovation also gains momentum in commercial spaces where security and theft issues are major concerns.

Moreover, the increasing momentum of the design may be attributed to the factor that it can offer customization for more add-on features, such as alarms where the wires can be hidden without interrupting the appearance and aesthetic. They can also be electronically dogged, opening new opportunities for facility owners. Allegion offers TOUCH versions under the FAST SERIES of the CISA brand. The TOUCH portfolio also includes rim and mortise versions that offer high reliability and easy installations.

Based on end-users, the market is segmented into commercial (hospitality, corporates, educational institutes, healthcare, government facilities, and others) and residential. 

The commercial segment owns the highest market share and is estimated to exhibit a CAGR of 4.12% during the forecast period. Commercial spaces often require specialized hardware and features that protect employees at work and goods being manufactured. Door closers and exit devices are widely used across commercial and institutional sectors. They protect the building from environmental factors, provide enhanced security, and reduce the continuous issue of slamming doors.

Door closers are used in most commercial buildings, including hospitality, healthcare, corporations and offices, educational institutes, government facilities, and other facilities such as shopping malls and retail stores. Similarly, exit devices are integral to all emergency and panic exit doors. Hence, the commercial segment dominated the global door closer and exit devices market owing to its widespread use in modern commercial properties.

Recent Developments

• July 2023 - ASSA ABLOY announced its intention to, through its subsidiary HID Global SAS ("HID"), and subject to certain customary and regulatory conditions, purchase approximately 98.5 percent of the shares of EVOLIS S.A. ("Evolis" or the "Company"), a Euronext Growth company listed in Paris and a leading French manufacturer of ID card printers and consumables.
• June 2023 - ASSA ABLOY completed the acquisition of Spectrum Brands' Hardware and Home Improvement division ("HHI") and the divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands.