Panic Hardware Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The Panic Hardware Market was valued at approximately USD 2.1 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2032. This market growth is driven by the increasing demand for safety and security measures across commercial, industrial, and institutional spaces. The stringent government regulations regarding building safety codes and fire safety standards are further fueling the adoption of panic hardware devices. The market is also benefiting from technological advancements in door hardware systems, which are making panic devices more user-friendly and efficient.Emerging markets in Asia-Pacific and Latin America present significant growth opportunities, as the construction industry in these regions is rapidly expanding. Countries like China, India, and Brazil are witnessing a surge in urbanization, leading to a higher demand for safety infrastructure, including panic hardware. Moreover, increasing awareness of the importance of public safety in developing regions, combined with growing investments in commercial real estate, is expected to propel market growth in these areas. The rising trend toward smart buildings and the integration of panic hardware with access control systems also creates new avenues for market expansion.
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Von Duprin
Falcon
Precision
Dormakaba
Sargent
Yale
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Panic Hardware Market
Transportation
Healthcare
Industrial
Education
Government
Others
Based on Types the Market is categorized into Below types that held the largest Panic Hardware market share In 2023.
Rim Exit Devices
Vertical Rod/Cable Devices
Mortise Exit Devices
Alarmed Exit Devices
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Panic Hardware Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Panic Hardware Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Panic Hardware Market, By Type
6. Global Panic Hardware Market, By Application
7. Global Panic Hardware Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Panic Hardware Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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