Electronic Home Locks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

An electronic home lock is a device that operates by means of electric current. They might be connected to an access control system and can be remotely monitored and controlled, both to lock and to unlock. The growing incorporation of advanced technologies is one of the primary drivers in the electronic home locks market; smart connectivity is one of the advanced technologies integrated into electronic home locks. With the help of wireless technologies such as Bluetooth and Wi-Fi, electronic home locks can be easily connected to smartphones. Thus, these above factors are likely to surge the demand for electronic home locks during the forecast period.

MARKET DYNAMICS

Electronic locks provide wireless connectivity that can send security alerts to the user on connected devices, which allows them to monitor the systems remotely; thus, this factor is driving the growth of the electronic home locks market. However, the high initial cost may restrain the growth of the electronic home locks market. Furthermore, the demand for smart security systems is anticipated to offer numerous opportunities during the forecast period.

MARKET SCOPE

The "Global Electronic Home Locks Market Analysis to 2031" is a specialized and in-depth study of the electronic home locks market with a special focus on the global market trend analysis. The report aims to provide an overview of electronic home locks market with detailed market segmentation by product type, application, and geography. The global electronic home locks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electronic home locks market players and offers key trends and opportunities in the electronic home locks market.

MARKET SEGMENTATION

The global electronic home locks market is segmented on the basis of by product type and application. On the basis of by product type, the market is segmented as strikes, deadbolts and latches, and lever locks. On the basis of application, the market is segmented as residential and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electronic home locks market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electronic home locks market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting electronic home locks market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electronic home locks market in these regions.

Electronic Home Locks Market Report Analysis

Electronic Home Locks Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Allegion plc
• ASSA ABLOY
• August Home
• HANMAN INTERNATIONAL PTE LTD (Samsung)
• Honeywell International Inc.
• Nuki Home Solutions
• Safewise
• SentriLock, LLC
• The Godrej Group

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Strikes
• Deadbolts and Latches
• Lever Locks

By Application

• Residential
• Commercial

MARKET PLAYERS

The reports cover key developments in the electronic home locks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electronic home locks market are anticipated to lucrative growth opportunities in the future with the rising demand for electronic home locks market. Below mentioned is the list of few companies engaged in the electronic home locks market.

The report also includes the profiles of key electronic home locks market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Allegion plc
  
•  ASSA ABLOY
  
•  August Home
  
•  HANMAN INTERNATIONAL PTE LTD (Samsung)
  
•  Honeywell International Inc.
  
•  Nuki Home Solutions
  
•  Safewise
  
•  SentriLock, LLC
  
•  The Godrej Group
  
•  Weiser
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electronic Home Locks Report Scope