Market Overview

of Global Panic Device market:
The latest research study on the global Panic Device market finds that the global Panic Device market reached a value of USD 1174.68 million in 2022. It’s expected that the market will achieve USD 1525.37 million by 2028, exhibiting a CAGR of 4.45% during the forecast period.

Panic Device, also known as an exit device, is designed to provide fast and easy egress to allow building occupants to exit safely in an emergency. It is mechanical door hardware operated from the inside of an outswing exit door through the use of a crossbar or push rail and extends at least halfway across its width. According to life safety code, an exit device must always release the door without prior knowledge of how to operate the device. Any horizontal force on the cross bar or push rail will release the door. The names panic device was coined to indicate the way people when panicked in a mass evacuation due to emergency crashed into the doors in order to exit.

Challenges and Restraints
Fluctuations in raw material prices Fluctuations in the price, availability and quality of the commodities, raw materials and components used in manufacturing panic deviceproducts could have an adverse effect on costs of sales, profitability and the ability to meet customers' demand. The price of commodities, raw materials and components have been volatile in prior years, and the cost, quality and availability of such commodities have been significantly affected in recent years by, among other things, changes in global supply and demand, changes in laws and regulations (including tariffs and duties), changes in exchange rates and worldwide price levels, natural disasters, labor disputes, terrorism and political unrest or instability. These factors could lead to further price increases or supply interruptions in the future. As discussed above, in the short term, rapid changes in raw material costs can be very difficult for manufactures to offset with price increases because, in the case of many of contracts, suppliers have committed to selling prices for goods and services for periods of one year, and occasionally longer. Manufactures' profit margins could be adversely affected if commodity, raw material and component costs remain high or escalate further, and, manufactures are unable to pass along a portion of the higher costs to customers. Price variance caused by fluctuations in raw material prices, which is not conducive to the development of the industry.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
Allegion is one of the major players operating in the Panic Device market, holding a share of 18.96% in 2022.

Allegion is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage® and Von Duprin ®. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions.

ASSA ABLOY Group was formed by the merger of Sweden's ASSA and Finland's Abloy. The Group's flagship brands cover customers in four different markets: HID in the access control, security card issuance and identification technology market, Yale in the residential market, Mul-T-Lock in the locksmith industry, and ABLOY in the high security lock market.

Segmentation Overview:
Among different product types, Rim Exit Devices segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Commercial and Industrial segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Panic Device market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Panic Device market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Panic Device and its sub-markets in an intuitive way.

Key Companies in the global Panic Device market covered in Chapter 3:
Glutz Deutschland GmbH
Camax
I-TEK Metal Manufacturing
Dormakaba
Hager Companies
KCC Group
ASSA ABLOY
ISEO Ultimate Access Technologies
Gallery Group of Companies
Allegion
Taiwan Fu Hsing
ECO Schulte GmbH & Co. KG

In Chapter 4 and Chapter 14.2, on the basis of types, the Panic Device market from 2018 to 2029 is primarily split into:
Rim Exit Devices
Vertical Rod/Cable Devices
Mortise Exit Devices
Alarmed Exit Devices
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Panic Device market from 2018 to 2029 covers:
Transportation
Healthcare
Commercial and Industrial
Education
Government
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Panic Device market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029