Enjoy complimentary customisation on priority with our Enterprise License!
Below are some of the key findings from the electronic home locks market research report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Get a FREE sample now!
The increasing integration of advanced technologies is one of the key drivers in the electronic home locks market. When compared to regular home locks, electronic home locks are operated either on battery or electricity and are more expensive. The introduction of technologically advanced security and locking system has led to the high price of electronic home locks. Smart connectivity is one of the latest technologies incorporated in electronic locks. Using wireless technologies such as Wi-Fi and Bluetooth, modern electronic home locks can be easily connected to smartphones or tablets. Thus, these locking systems can send alerts to the mobile devices of users, and the users can control and monitor the electronic home locks from anywhere. Factors such as weatherproof keypads, a record of access history, scheduled access time, ease of use, code storage in lock’s memory, and adding or deleting users remotely are driving the global electronic home locks market. Manufacturers can extend their product line and develop more premium products due to the integration of advanced technology. The availability of innovative features in electronic home locks will increase their adoption among consumers, which, in turn, will propel the growth of the global electronic home locks market during the forecast period. The electronic home locks market is projected to grow at a CAGR of over 16% during the forecast period.
The growing urbanization enabling the category growth opportunity is one of the key trends contributing to the growth of the electronic home locks market. Electronic locks for homes are gaining traction due to the growing urbanization and also due to the enhancement of digitalization across the world. Consumers have an inclination for enhanced security systems for their home and they are aware of their benefits.
The electronic home locks market is moderately fragmented with multiple players occupying the market share. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this electronic home locks industry analysis report is designed to aid clients to identify new growth opportunities and make informed business decisions.
The report offers a complete analysis of various companies including:
The Americas region will account for the highest incremental growth as well as the largest revenue contributor to the electronic home locks market during the forecast period. The US is the leader in the electric home locks market in this region.
The electric strikes segment will account for the highest growth in the market. Additionally, the report will also provide an accurate prediction of the contribution of the various product segments to the growth of the electronic home locks market size.
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY AUTHENTICATION METHOD
PART 08: MARKET SEGMENTATION BY CONNECTIVITY
PART 09: MARKET SEGMENTATION BY PRODUCT
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
PART 17: VENDOR ANALYSIS
PART 18: APPENDIX
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.