Global Electronic Home Locks Market 2018-2022
- Published: Jan 2018
- Pages: 143
- SKU: IRTNTR20665
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The global electronic home locks market size will grow by USD 431.59 million during 2018-2022. This report offers an analysis of the market based on authentication method (numerical codes and passwords, biometrics, security tokens, and RFID), connectivity (wired electric home locks and wireless electronic home locks), product (electric strikes, electronic deadbolts and latches, and electromagnetic locks) and distribution channel (online and offline). The electronic home locks market research report further presents an in-depth insight on the growth prospects of the market across the Americas, APAC, and EMEA. The report analyzes the market’s competitive landscape and offers information on several companies including Allegion, ASSA ABLOY, Honeywell International, SAMSUNG, and Spectrum Brands.
Below are some of the key findings from the electronic home locks market research report
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Global electronic home locks industry overview
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.
Top electronic home locks companies covered in this market research report
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:
- Allegion
- ASSA ABLOY
- Honeywell International
- SAMSUNG
- Spectrum Brands
Electronic home locks market segmentation based on geographic regions
- Americas
- APAC
- EMEA
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.
Electronic home locks market segmentation based on products
- Electric strikes
- Electronic deadbolts and latches
- Electronic Locks
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.
Key highlights of the global electronic home locks market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the electronic home locks market during the next five years
- Precise estimation of the global electronic home locks market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the electronic home locks industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the electronic home locks companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market outline
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing
- Market size and forecast
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY AUTHENTICATION METHOD
- Global electronic home locks market by authentication method
- Comparison by authentication method
- Numerical codes and passwords – Market size and forecast
- Biometrics – Market size and forecast
- Security tokens – Market size and forecast
- RFID – Market size and forecast
- Market opportunity by authentication method
PART 08: MARKET SEGMENTATION BY CONNECTIVITY
- Global electronic home locks market by connectivity
- Comparison by connectivity
- Global wired electronic home locks market – Market size and forecast
- Global wireless electronic home locks market – Market size and forecast
- Market opportunity by connectivity
PART 09: MARKET SEGMENTATION BY PRODUCT
- Global electronic home locks market by product
- Comparison by product
- Electric strikes – Market size and forecast
- Electronic deadbolts and latches – Market size and forecast
- Electromagnetic locks – Market size and forecast
- Market opportunity by product
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Global electronic home locks market by distribution channel
- Global electronic home locks market through offline distribution channel
- Global electronic home locks market through online distribution channel
PART 12: REGIONAL LANDSCAPE
- Global electronic home locks market by geography
- Regional comparison
- Americas – Market size and forecast
- EMEA – Market size and forecast
- APAC – Market size and forecast
- Key leading countries
- Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 15: MARKET TRENDS
- Growing urbanization enabling the category growth opportunity
- Growing adoption of distribution channel expansion strategy by vendors
- Increasing penetration of smart-connected electronic locks
- Other emerging trends
PART 16: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 17: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Allegion
- ASSA ABLOY
- Honeywell International
- SAMSUNG
- Spectrum Brands
PART 18: APPENDIX
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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