World Door Phone Market to Grow at 2.91% CAGR to 2020

PUNE, India, Nov. 28, 2016 /PRNewswire-iReach/ -- The global door phone market analyst says growing residential construction market in US is gaining traction in the market. North America dominates the global door phone market, and the US is the leading market in the region. New residential construction in 2015 and 2016 will drive the demand for door phones in the region. The privately-owned houses under construction in the US will require door phones to be installed for safety and security purposes. This, in turn, will increase the demand for door phones in the region.

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Complete report on door phone market spread across 52 pages, analyzing 5 major companies and providing 33 data exhibits is now available at http://www.reportsnreports.com/reports/759434-global-door-phone-market-2016-2020.html

According to the 2016 door phone market report, the growing number of burglaries and threats worldwide drives the demand for video and audio door phones. The demand for door phones is growing extensively among residential household users.

The following companies are the key players in the global door phone market: Aiphone, FERMAX, Honeywell, Legrand, and Panasonic. Other prominent vendors in the market are: 1byone Products, ABB Genway, Axis Communications, Guangdong Anjubao, Hikvision, FARBELL, Samsung, Schneider, TCS, and Urmet Group.Order a copy of Global Door PhoneMarket 2016-2020 report @http://www.reportsnreports.com/purchase.aspx?name=759434

North America accounted for a maximum share of around 55% in the global door phone market in 2015, with the US being the major contributor. The increasing demand for door phones in the region is due to the rise in home invasions and the growing home automation. The major contributors to the door phone market in Europe are the Western European countries such as the UK, Germany, and Finland. The growing instances of thefts and burglaries in Europe encourage household owners to install door phones to ensure safety and security. APAC is the prime investment hub in the global door phone market because of the growing rates of population in the region. In APAC, developing economies like China and India are experiencing consistent growth in the door phone market due to the improved standards of living, increase in residential construction, and the expansion in distribution channels.

Global Door Phone Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global door phone market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of the two types of door phones in the market which include audio door phone and video door phone.

Further, the door phone market report states that one of the major challenges in the global door phone market is the lack of the awareness of the benefits of door phones in developing countries. This hinders the growth of the market. The users in developing regions like India and other countries remain unaware of the security provided by these door phones due to low urbanization rates. Even though the crime rates and theft are rising in these regions, users hesitate to install the door phones in residences.

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