Adoption of Advanced Technologies to Support Sales Growth of Security Doors in Asia Pacific
Security doors are an integral component of any security system in residential spaces or commercial enterprises. Increasing concern regarding thefts and robberies are expected to provide an impetus to their demand. These doors are integrated with sensors and alarms to alert required personnel in case of any break-in. The introduction of Internet of Things (IoT) and smart devices to control these doors can drive the Asia-Pacific (APAC) security door market.
APAC is one of the fastest-growing markets, with major contribution from China. Changing lifestyles with increased consumer disposable incomes and rising need for security doors are anticipated to play a significant role in market growth. Companies involved in the production process are attempting to streamline it by acquiring raw materials directly from the source. For instance, Allegion plc launched stainless steel security doors for commercial applications. It can sustain sea spray and other erratic weather phenomena for houses located near the sea.
Assa Abloy-Wangli Security Products, a U.K.-based company with branches in Australia, recently automated its production process and installed robots to enhance it. It is planning to use recycled materials and insulation technologies to aid it in this endeavor. Partnerships and alliances also play a key role as is evident with the partnership between Vidsys and S-1 Corporation. This partnership is expected to provide security solutions to airports, smart cities, and other enterprise applications.
The APAC security door market is expected to exhibit a significant growth rate during the forecast period (2016 – 2022). It is driven by theft and security concerns in homes and enterprises. It can attain lucrative returns by 2022 due to China’s economic growth. Change in lifestyles and need for additional security is anticipated to drive demand in the forthcoming years.
Based on product, the market is divided into wood, aluminum alloy, and others. Market end-users are split into commercial and residential. The commercial segment employs steel security doors to prevent any type of forced entry into their homes. China, Taiwan, Japan, India, Australia, and South Korea are countries covered under the market. China leads the regional market due to rapid industrialization and economic growth. Prominent market players include Assa Abloy-Wangli Security Products Co., Ltd., THC Metal Engineering Sdn Bhd, Milre Systek Co., Ltd., and Zhejiang Jiahui Doors Co., Ltd.
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