In 2023, the import of automatic door closers of base metal to India stood at approximately 2.380 million kilograms. Forecasts for 2024 to 2028 show a steady increase in imports, with an average annual growth rate (CAGR) of about 2.57%. Year-on-year percentage growth from 2024 to 2028 ranges between 3.45% and 3.11%, indicating a consistent upward trend in demand and imports.
Future trends to watch for include:
- Increased urbanization and infrastructural developments driving higher demand for automatic door closers.
- Technological advancements leading to enhanced product features and new market entrants.
- Potential policy changes influencing import activities and domestic manufacturing capabilities.