Deep Dive into the Panic & Emergency Exit Hardware Market: ItsTrends, Market Segmentation, and Competitive Analysis
The "Panic & Emergency Exit Hardware Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Panic & Emergency Exit Hardware market is expected to grow annually by 8.9% (CAGR 2024 - 2031).
This entire report is of 193 pages.
Panic & Emergency Exit Hardware Introduction and its Market Analysis
The Panic & Emergency Exit Hardware market research report provides a detailed analysis of the market conditions, with a focus on products that facilitate easy and safe egress during emergencies. Major players such as Allegion, ASSA ABLOY, and Dormakaba dominate the market, with factors such as increasing awareness about safety regulations driving revenue growth. The report highlights key trends and opportunities in the industry, with a focus on market segmentation and competitive landscape analysis. The findings suggest a strong demand for panic and emergency exit hardware in various sectors, with recommendations for companies to focus on innovation and compliance with safety standards to stay competitive.
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The Panic & Emergency Exit Hardware market is witnessing significant growth due to the increasing emphasis on safety and security regulations in various buildings. The market is segmented based on types such as Push Pad, Push Bar, Touch Bar, Outside Access Devices, and Others, with applications in Commercial Buildings, Residential Buildings, Industrial Buildings, and Government Buildings.
Regulatory and legal factors play a crucial role in shaping market conditions for Panic & Emergency Exit Hardware. Building codes and safety standards set by regulatory bodies drive the demand for these products, ensuring compliance with safety regulations. Manufacturers are required to meet specific quality standards and certifications to ensure the efficacy of these products in emergency situations. Compliance with regulations not only ensures safety but also boosts consumer confidence in the market. As a result, the Panic & Emergency Exit Hardware market continues to evolve to meet the changing regulatory landscape and fulfill the safety needs of different building types.
Top Featured Companies Dominating the Global Panic & Emergency Exit Hardware Market
The Panic & Emergency Exit Hardware Market is a competitive landscape with several key players such as Allegion, ASSA ABLOY, Dormakaba, ISEO, SALTO Systems, ANTIPANIC, Fapim SpA, GEZE, Detex Corporation, HEWI, FSB, Surelock McGill, Beacon Commercial Door & Lock, Omec Serrature, Security Door Controls, Dortec, Exidor Limited, Thase Enterprise, Sehgal Doors, and Western Architectural Hardware.
These companies offer a wide range of panic and emergency exit hardware solutions including panic bars, exit devices, door closers, and emergency exit alarms. They cater to various industries such as commercial, industrial, and residential buildings, ensuring the safety and security of occupants during emergencies.
Allegion, ASSA ABLOY, Dormakaba, and SALTO Systems are some of the leading companies in the panic & emergency exit hardware market. Allegion reported sales revenue of $ billion in 2020, while ASSA ABLOY reported sales of $10.7 billion in the same year. Dormakaba recorded sales revenue of CHF 2.77 billion in 2020, and SALTO Systems is a rapidly growing company in the market.
These companies help grow the panic & emergency exit hardware market by offering innovative products, expanding their distribution networks, and providing exceptional customer service. They also invest in research and development to introduce new and improved solutions that meet evolving safety standards and regulations.
Overall, the companies operating in the panic & emergency exit hardware market play a crucial role in ensuring the safety and security of buildings and their occupants during emergencies. Their products and services contribute to the growth and development of the market by meeting the increasing demand for reliable and efficient panic and emergency exit hardware solutions.
- Allegion
- ASSA ABLOY
- Dormakaba
- ISEO
- SALTO Systems
- ANTIPANIC
- Fapim SpA
- GEZE
- Detex Corporation
- HEWI
- FSB
- Surelock McGill
- Beacon Commercial Door & Lock
- Omec Serrature
- Security Door Controls
- Dortec
- Exidor Limited
- Thase Enterprise
- Sehgal Doors
- Western Architectural Hardware
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Panic & Emergency Exit Hardware Market Analysis, by Type:
- Push Pad
- Push Bar
- Touch Bar
- Outside Access Devices
- Others
The various types of Panic & Emergency Exit Hardware include push pad, push bar, touch bar, outside access devices, and others. These devices are essential for ensuring quick and easy evacuation in emergency situations. They are designed to be easily operated under stress and pressure, allowing occupants to exit buildings safely and efficiently. The increasing awareness of building safety regulations and the growing emphasis on emergency preparedness have boosted the demand for Panic & Emergency Exit Hardware in the market. These types of hardware provide peace of mind for building occupants and help ensure compliance with fire safety regulations.
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Panic & Emergency Exit Hardware Market Analysis, by Application:
- Commercial Buildings
- Residential Building
- Industrial Building
- Government Building
Panic & Emergency Exit Hardware is crucial in commercial, residential, industrial, and government buildings to ensure quick and safe evacuation during emergencies. In commercial buildings, panic devices are used on fire exits to comply with building codes. In residential buildings, emergency exit hardware is installed on doors for easy escape in case of fire or other emergencies. In industrial buildings, panic hardware is used on doors to prevent injuries during evacuations. In government buildings, exit devices are critical for security and safety. The fastest growing application segment in terms of revenue is commercial buildings due to increasing regulations and emphasis on safety measures.
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Panic & Emergency Exit Hardware Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Panic & Emergency Exit Hardware market is expected to witness significant growth in the regions of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The United States and Canada in North America, Germany, France, ., Italy, and Russia in Europe, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia in Asia-Pacific, Mexico, Brazil, Argentina, and Colombia in Latin America, and Turkey, Saudi Arabia, UAE, and Korea in Middle East & Africa are projected to dominate the market.
The market share percentage valuation is expected to be highest in North America, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The expected market share of the Panic & Emergency Exit Hardware market in different regions will vary based on factors such as economic growth, industrial development, and government regulations.
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