Rapid urbanization, functions, events, and gatherings have surged up the number of people gathering together at the same place. Thus, handling the safety of people has become extremely important for authorities at these junctures.
Panic situations can arise in any situation and at any time. Thus, most places where people would gather in large numbers need equipment that would work towards the safety of the people. In order to manage panic situations, panic exit devices are used on large scales.
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Segmentation
The global panic exit devices market can be segmented on the basis of material type, product type and end use application.
The global panic exit devices market is segmented on the basis of material type into:
- Stainless steel
- Aluminum
- PVC
- Others
The global panic exit devices market is segmented on the basis of product type into:
- Vertical Rod
- Lever Trim
- Removable Mullions
- Series Rim
- Mortise
The global panic exit devices market is segmented on the basis of end use applications
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Competitive Landscape
Some of the market participants in the global lining fabric market identified across the value chain include:
- Hafele
- ASSA ABLOY
- Allegion plc,
- Trudoor – Doors & Hardware
- Gretsch-Unitas Group
- Dormakaba Group
- Harney Hardware
- Stanley Black & Decker, Inc.
- Axim Architectural Hardware
- Napco Security Technologies
- C.R. Laurence Co., Inc
Key Panic Exit Device Trends
The building and construction industry is growing due to rapidly increasing population & growth in urbanization. The growing construction industry has escalated the panic exit devices market.
Changing government regulations & growing awareness about public safety have led to the installation of panic exit systems along with safety systems in institutional, residential, commercial & industrial buildings owing to which there is increasing demand for panic exit devices in the market.
Growing public transportation has also led to growing demand for public safety due to increase in the number of accidents due to which growth in demand for panic exit devices from automotive & aerospace industry is being witnessed. However, the high price of panic exit devices might decline the growth of the panic exit devices market.
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