1 Global Panic Device Market Insight Analysis
The global panic device market is valued at USD 1,277.86 million in 2024, with a CAGR of 4.45% from 2024 to 2033.
A panic device, also known as an exit device, is a mechanical door hardware designed to provide fast and easy egress in emergency situations. It is operated from the inside of an outswing exit door through the use of a crossbar or push rail, which extends at least halfway across the door’s width. According to life safety codes, an exit device must always release the door without prior knowledge of how to operate it. This ensures that even in a state of panic, individuals can quickly and safely exit a building.
Figure Global Panic Device Market Size (M USD) and CAGR (2024-2033)
2 Panic Device Market Growth Drivers and Restraints
Driving factors: From the perspective of product characteristics, emergency escape devices are easy to operate and can be used without professional knowledge. They can also be easily operated by people with disabilities. In many buildings, it is not only used for emergency, but also becomes the main way to open doors in daily life. It is more convenient than traditional handles, which greatly promotes the growth of the market. In terms of social security needs, urban fires are frequent.
For example, there are a large number of household fires in the United States every year, causing serious casualties and property losses. Although public safety awareness has improved, the number of fires has not decreased significantly, and the popularization of emergency equipment helps to reduce the number of injuries in disasters, which has led to an increasing demand for emergency escape devices.
In terms of global construction investment, with the acceleration of urbanization and the increase in places where people gather, the demand for safety equipment has also increased accordingly. The continuous expansion of the world’s construction market and the increasing government investment in infrastructure construction have promoted the development of the emergency escape device market. In addition, governments of various countries are paying more and more attention to public safety. Many countries stipulate that emergency exit systems must be installed in industrial, residential and commercial buildings, which also stimulates market demand.
Restrictive factors: Fluctuations in raw material prices are an important limiting factor. The price, supply and quality of raw materials and parts required to manufacture emergency escape devices are unstable, which will affect production costs, corporate profitability and the ability to meet customer needs, and increase business risks. Fierce market competition also hinders the development of the industry. Many manufacturers and suppliers compete globally, and multinational companies put huge pressure on local suppliers by pricing their products, leading to intensified market competition.
At the same time, the industry entry threshold is low, and small companies and small retailers have entered one after another, resulting in uneven product quality and a large number of unqualified or duplicated products on the market, which not only affects the overall quality image of the industry, but also forces formal companies to lower product prices, compressing profit margins, which is not conducive to the sustainable development of the industry. Moreover, there are differences in regulations and standards for emergency escape devices in different regions, which to a certain extent hinders the international expansion of enterprises.
3 Technological Innovations in the Panic Device Market
Technological innovation: In terms of product function innovation, some companies have developed emergency escape devices with special functions. For example, the Idea Base Infilare push bar of ISEO Ultimate Access Technologies has passed the EN1125 European standard certification and has the CE mark. It also uses AntiGerm antibacterial protection technology to release silver ions, which has obvious advantages in places with high hygiene requirements. Some products are innovative in structural design to improve safety and reliability.
Like Dormakaba’s 1300 series electric edge exit bar, it adopts a patented lock design, does not require a traditional roller lock tongue or retracting latch, enhances the locking effect of the door and door frame, and has functions such as remote unlocking and multiple alarm module options, which improves the practicality and safety of the product. In terms of material application innovation, in order to improve product performance, companies continue to explore the selection of raw materials.
Some products use materials such as stainless steel and aluminum alloy to improve the durability and fire resistance of the products. For example, Camax’s CMP450 series heavy-duty emergency escape device is made of aluminum, which not only meets relevant standards but also has good durability.
Mergers and acquisitions: Against the backdrop of increasingly fierce market competition, mergers and acquisitions have become an important means to enhance competitiveness. For example, ASSA ABLOY signed an agreement in September 2021 to acquire the hardware and home improvement division of Spectrum Brands for $4.3 billion. The division is a leading supplier of security, plumbing and building hardware products in the North American residential sector. The acquisition will help ASSA ABLOY expand its product portfolio and enhance its competitiveness in related markets.
In June 2022, ASSA ABLOY acquired Caldwell, a manufacturer of door and window hardware accessories for window manufacturers. The acquisition improves ASSA ABLOY’s layout in the field of door and window hardware, further consolidates its position in the door and window manufacturing industry, and achieves product and market complementarity.
Mergers and acquisitions can integrate resources, achieve complementary advantages, promote technology sharing and coordinated development, and improve the competitiveness of enterprises in the global market. It also helps to promote the centralized development of the industry, change the market competition pattern, and have an important impact on the future development of the global emergency escape device market.
4 Global Panic Device Market Size by Type
Rim Exit Devices are surface-mounted on the door, with the latch projecting from the panic device rather than the door edge. They are the simplest configuration of panic hardware and are easy to maintain. In 2024, Rim Exit Devices are projected to generate a revenue of $514.53 million, accounting for 40.27% of the total market revenue. This type is widely used in various applications due to its simplicity and reliability, making it a popular choice for commercial and industrial settings.
Vertical Rod/Cable Devices are typically used for pairs of doors and can have rods and latches either surface-mounted on the door face or concealed inside the door. These devices are versatile and can be customized for different door configurations. In 2024, they are expected to achieve a revenue of $230.08 million, representing 18.01% of the market. Their ability to provide secure and reliable egress in high-traffic areas makes them suitable for applications such as transportation hubs and large commercial buildings.
Mortise Exit Devices feature a mortise lock body installed in the door, with the panic hardware mounted on the door face controlling the mortise lock. They are less commonly used than Rim Exit Devices due to the more complex door preparation and product design. However, they offer robust security and are often used in high-security applications. In 2024, Mortise Exit Devices are projected to generate a revenue of $367.21 million, holding 28.74% of the market share. Their use in fire-rated door pairs and other critical applications ensures their continued relevance in the market.
Alarmed Exit Devices are designed for primary and secondary exits that require an alarm to sound when someone attempts to exit. These devices are typically found in retail stores and emergency exit doors, providing an additional layer of security. In 2024, they are expected to achieve a revenue of $83.97 million, representing 6.57% of the market. The demand for alarmed devices is driven by the need for enhanced security and monitoring in sensitive areas.
Table Global Panic Device Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Rim Exit Devices | 514.53 | 40.27% |
Vertical Rod/Cable Devices | 230.08 | 18.01% |
Mortise Exit Devices | 367.21 | 28.74% |
Alarmed Exit Devices | 83.97 | 6.57% |
Others | 82.07 | 6.42% |
5 Global Panic Device Market Size by Application
In 2024, the healthcare sector is projected to generate a revenue of $241.30 million, accounting for 18.88% of the total market revenue. The growth in this segment is driven by the increasing demand for safety and security in hospitals, clinics, and other healthcare facilities. The need for reliable panic devices to ensure quick and safe egress in emergency situations is a key factor contributing to the market share.
The transportation sector is expected to achieve a revenue of $101.33 million in 2024, representing 7.93% of the market. This segment includes public transportation systems, train stations, airports, and other high-traffic areas. The demand for panic devices in these settings is driven by the need to ensure the safety of large numbers of people in case of emergencies.
The commercial and industrial sector is the largest application segment, with a projected revenue of $446.16 million in 2024, accounting for 34.92% of the market. This segment includes office buildings, factories, warehouses, and other commercial and industrial facilities. The high demand for panic devices in these settings is driven by strict safety regulations and the need to protect employees and assets.
The education sector is projected to generate a revenue of $172.37 million in 2024, representing 13.49% of the market. This segment includes schools, universities, and other educational institutions. The need for panic devices in these settings is driven by the need to ensure the safety of students and staff in case of emergencies.
The government sector is expected to achieve a revenue of $105.11 million in 2024, accounting for 8.23% of the market. This segment includes government buildings, military installations, and other public facilities. The demand for panic devices in these settings is driven by strict security requirements and the need to protect public safety.
Table Global Panic Device Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Healthcare | 241.30 | 18.88% |
Transportation | 101.33 | 7.93% |
Commercial and Industrial | 446.16 | 34.92% |
Education | 172.37 | 13.49% |
Government | 105.11 | 8.23% |
Others | 211.58 | 16.56% |
6 Global Panic Device Market Size by Region
North America remains the largest market for panic devices, with a projected revenue of $582.79 million in 2024, accounting for 45.61% of the global market share. The growth in this region is driven by strict safety regulations, high demand for security solutions, and a large number of commercial and industrial facilities. The United States and Canada are the main contributors to the market revenue in this region.
Europe is the second-largest market, with a projected revenue of $396.40 million in 2024, representing 31.02% of the market. The growth in this region is driven by stringent safety regulations, high urbanization rates, and a large number of commercial and public buildings. Germany, the UK, France, and Italy are the main contributors to the market revenue in this region.
The Asia Pacific region is the fastest-growing market, with a projected revenue of $233.14 million in 2024, accounting for 18.24% of the market. The growth in this region is driven by rapid urbanization, increasing construction activities, and growing demand for safety and security solutions. China, Japan, South Korea, and India are the main contributors to the market revenue in this region.
South America is a smaller but growing market, with a projected revenue of $35.48 million in 2024, representing 2.78% of the market. The growth in this region is driven by increasing urbanization and demand for safety solutions in commercial and public buildings. Brazil and Argentina are the main contributors to the market revenue in this region.
The Middle East and Africa region is projected to generate a revenue of $30.05 million in 2024, accounting for 2.35% of the market. The growth in this region is driven by increasing urbanization, growing construction activities, and demand for safety and security solutions in commercial and public buildings. GCC countries, Turkey, and South Africa are the main contributors to the market revenue in this region.
Figure Global Panic Device Market Size (M USD) by Region in 2024
7 Global Panic Device Market Analysis by Major Players
Allegion
Company Profile
Allegion is a global pioneer in safety and security solutions, with a rich history dating back to 1908. Headquartered in Ireland, Allegion operates worldwide and is renowned for its innovative and reliable security products. The company’s portfolio includes leading brands such as CISA®, Interflex®, LCN®, Schlage®, and Von Duprin®, which are trusted by consumers and businesses alike. Allegion’s commitment to quality and innovation has solidified its position as a market leader in the panic device industry.
Business Overview
Allegion focuses on providing comprehensive security solutions around doors and adjacent areas. Its products are designed to enhance safety and security in a variety of settings, including homes, businesses, schools, and other institutions. The company’s extensive range of solutions includes panic devices, door hardware, electronic access controls, and more. Allegion’s business strategy emphasizes continuous innovation, customer satisfaction, and global expansion, which has enabled it to maintain a strong market presence and achieve consistent growth.
Product Offered
Allegion offers a wide range of panic devices, including the 98/99 Series Push Pads, which are high-performance, wide stile heavy-duty devices. These devices feature customizable options and are certified to the highest industry standards. They are commonly used in higher education, K-12 schools, hospitals, hospitality, and government buildings. Other notable products include the 1300 Series Electrified Rim Exit Bar, which features a patented latch that enhances security without compromising life safety. Allegion’s product portfolio is designed to meet the diverse needs of various applications, ensuring reliable and secure egress solutions.
ASSA ABLOY
Company Profile
ASSA ABLOY is a global leader in access solutions, formed by the merger of Sweden’s ASSA and Finland’s Abloy in 1994. Headquartered in Sweden, the company has a worldwide market distribution and is known for its flagship brands, which cover customers in four different markets: HID in access control, security card issuance, and identification technology; Yale in the residential market; Mul-T-Lock in the locksmith industry; and ABLOY in the high-security lock market. ASSA ABLOY’s commitment to innovation and quality has made it a trusted name in the security industry.
Business Overview
ASSA ABLOY’s business encompasses a wide range of access solutions, from traditional mechanical locks to advanced electronic access control systems. The company’s products are designed to provide secure and reliable access control in various settings, including commercial, residential, and industrial environments. ASSA ABLOY’s strategy focuses on continuous innovation, strategic acquisitions, and strong customer relationships, which have enabled it to expand its market reach and maintain a leading position in the industry.
Product Offered
ASSA ABLOY offers a comprehensive range of panic devices, including the ED3000 Series, which is available as Rim, Mortise, and Surface Vertical Rod. These devices are designed for high-use, high-abuse situations and can be customized with various trims and finishes to match specific architectural designs. The ED3000 Series meets ANSI Grade 1 requirements and features heavy-duty construction, making it suitable for applications in schools, healthcare facilities, government buildings, and more. ASSA ABLOY’s product portfolio also includes advanced electronic access control systems, which provide enhanced security and convenience for modern facilities.
Dormakaba
Company Profile
Dormakaba is one of the top global providers of access control and security solutions, with a history dating back to 1862. Headquartered in Switzerland, the company has over 150 years of experience and a global presence, with millions of products installed worldwide. Dormakaba’s comprehensive portfolio includes door hardware, electronic access systems, mechanical key systems, and more. The company’s commitment to quality, innovation, and customer service has made it a trusted partner for businesses and institutions around the globe.
Business Overview
Dormakaba’s business areas cover a wide range of access control and security solutions, including door hardware, electronic access systems, mechanical key systems, and accommodation systems. The company’s products are designed to provide safe and secure access to buildings and rooms in various settings, such as hotels, healthcare facilities, educational institutions, and commercial buildings. Dormakaba’s strategy focuses on continuous innovation, strategic partnerships, and a strong focus on customer needs, which have enabled it to maintain a leading position in the industry.
Product Offered
Dormakaba offers a diverse range of panic devices, including the 1300 Series Electrified Rim Exit Bar. This device features a patented latch that provides enhanced security while ensuring compliance with life safety standards. The 1300 Series is designed for use in high-security applications and offers continuous-duty solenoid operation, weather resistance, and multiple alarm module options. Dormakaba’s product portfolio also includes a variety of door hardware and electronic access systems, which provide comprehensive security solutions for modern facilities. The company’s commitment to innovation ensures that its products meet the evolving needs of the market, making it a reliable choice for security-conscious customers.