Panic & Emergency Exit Devices Market Research Report includes Analysis on Market Size, Share and Growth rate at 6.2% CAGR Forecasted from 2024 to 2031

The Global "Panic & Emergency Exit Devices market" is expected to grow annually by 6.2% (CAGR 2024 - 2031). The Global Market Overview of "Panic & Emergency Exit Devices Market" provides a special perspective on the major patterns influencing the market in the biggest markets as well as globally from 2024 to 2031 year.

Introduction to Panic & Emergency Exit Devices Market Insights

A futuristic approach to gathering insights on the Panic & Emergency Exit Devices market involves leveraging advanced technologies like artificial intelligence, big data analytics, and machine learning. By analyzing large volumes of data from various sources in real-time, companies can gain a better understanding of market dynamics, customer preferences, and competitive landscape. These insights can help in identifying emerging trends, demand patterns, and potential opportunities for growth. Moreover, by predicting future market trends accurately, businesses can make informed strategic decisions to stay ahead of the competition. The Panic & Emergency Exit Devices Market is expected to grow at a CAGR of % during the forecasted period, and leveraging advanced technologies for market insights can further drive this growth by identifying untapped potential and optimizing operations.

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Market Trends Shaping the Panic & Emergency Exit Devices Market Dynamics

1. Integration of smart technology: Panic and emergency exit devices are being integrated with smart technology features such as remote monitoring, automation, and real-time alerts to improve security and emergency response times.

2. Increased focus on sustainability: There is a growing demand for panic and emergency exit devices that are energy-efficient and environmentally friendly, leading to the development of products that minimize energy consumption and waste.

3. Customization and personalization: Companies are offering customizable panic and emergency exit devices to meet the unique needs of different industries and buildings, allowing for tailored solutions that enhance security and functionality.

4. Rapid urbanization and infrastructure development: The ongoing trend of urbanization and infrastructure development is driving the demand for panic and emergency exit devices in commercial buildings, residential complexes, and public spaces to ensure safety and compliance with regulations.

5. Stricter safety regulations: Stringent safety regulations and compliance standards are influencing the design and development of panic and emergency exit devices, leading to more robust and reliable products that meet industry requirements.

Market Segmentation:

This Panic & Emergency Exit Devices Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Panic & Emergency Exit Devices Market is segmented into:

• Dormakaba Group
• Allegion plc
• ISEO Serrature Spa.
• Ingersoll Rand
• Fapim
• GEZE GmbH
• ASSA ABLOY Group
• Detex Corporation
• AC Leigh (Norwich) Ltd
• HEWI Heinrich Wilke GmbH
• Doorwin International
• CRUZFER
• South West Supplies(SWS)
• Exidor Limited
• Securefast plc
• Thase Enterprise Co
• Hangzhou Guardson Hardware
• DOOR & WINDOW HARDWARE
• Kin Kei Hardware Industries

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The Panic & Emergency Exit Devices Market Analysis by types is segmented into:

• The Panic Devices
• The Emergency Escape Fittings

Panic devices are typically used in buildings to allow for quick and easy exit in the event of an emergency, such as a fire or other crisis. These devices are typically activated by pushing a bar or button and allow for rapid evacuation. Emergency escape fittings, on the other hand, are more specialized devices that are designed to provide a means of escape in specific emergency situations, such as in confined spaces or hazardous environments. Both types of devices play a crucial role in ensuring the safety and security of building occupants during emergencies.

The Panic & Emergency Exit Devices Market Industry Research by Application is segmented into:

• Retail
• Transportation
• Healthcare
• Industrial
• Education
• Government
• Others

Panic and emergency exit devices are crucial in various sectors including retail, transportation, healthcare, industrial, education, government, and others. In retail settings, these devices help ensure the safety of customers and employees during emergencies. In transportation, they are essential for enabling quick and efficient evacuation in public spaces. In healthcare facilities, emergency exit devices are key for patient safety. They are also vital in industrial settings to mitigate risks and in educational institutions to protect students and staff. Government buildings and other sectors also rely on these devices for emergency preparedness.

In terms of Region, the Panic & Emergency Exit Devices Market Players available by Region are:

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 and emergency exit devices market is expected to experience significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The North American region, particularly the United States, is expected to dominate the market due to stringent safety regulations and high awareness about emergency preparedness. Europe, especially Germany and France, is also expected to witness considerable growth in the market. Asia-Pacific, led by China and Japan, is projected to emerge as a key market due to rapid urbanization and infrastructure development. Latin America and Middle East & Africa are also expected to showcase robust growth in the panic and emergency exit devices market. The market share percent valuation for these regions is expected to be as follows: North America - 30%, Europe - 25%, Asia-Pacific - 20%, Latin America - 15%, Middle East & Africa - 10%.

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Panic & Emergency Exit Devices Market Expansion Tactics and Growth Forecasts

One innovative tactic for expanding the Panic & Emergency Exit Devices market is to engage in cross-industry collaborations. For instance, partnering with smart building technology companies can integrate panic devices into overall building management systems, enhancing overall safety and security. Another tactic is ecosystem partnerships with security companies to provide comprehensive solutions that include panic devices alongside surveillance systems and alarms. Additionally, disruptive product launches such as advanced biometric panic devices or IoT-enabled panic buttons can further drive market growth.

By leveraging these strategies and tapping into emerging trends like increased focus on workplace safety and stringent building codes, the Panic & Emergency Exit Devices market is poised for significant growth. The market is expected to grow at a CAGR of over 5% in the forecast period, reaching a value of over $2 billion by 2025. Overall, a combination of cross-industry collaborations, ecosystem partnerships, and disruptive product launches will propel the market forward and meet the growing demand for enhanced safety and security solutions.

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Competitive Landscape

Dormakaba Group is a leading player in the panic and emergency exit devices market, offering a wide range of products and solutions for commercial and residential buildings. The company has a history dating back to the 19th century and has since grown to become a global leader in the industry. Dormakaba Group has experienced steady market growth and currently holds a significant market share in the panic and emergency exit devices market.

Allegion plc is another key player in the market, known for its innovative products and solutions for building security and safety. The company has a strong presence in the panic and emergency exit devices market, offering a comprehensive range of products for various applications. Allegion plc has a history of successful acquisitions and partnerships, allowing the company to expand its market reach and strengthen its product portfolio.

Sales revenue for Dormakaba Group and Allegion plc are not publicly disclosed, but both companies have reported strong financial performances in recent years, indicating a healthy market presence and growth.

ISEO Serrature Spa. is a European manufacturer of security and access control solutions, including panic and emergency exit devices. The company has a long history in the industry and is known for its high-quality products and customer service. ISEO Serrature Spa. has experienced steady market growth and is recognized for its commitment to innovation and technology. Sales revenue for ISEO Serrature Spa. is not publicly disclosed, but the company has a strong market presence in Europe and continues to expand its global reach.

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