openPR Logo
Press release

Electronic Cylinder Lock Credentials Market 2022 Expected to reach US$ 740.4 million with 9.8% CAGR Forecast to 2027

02-11-2022 03:21 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Electronic Cylinder Lock Credentials Market 2022-2027

Electronic Cylinder Lock Credentials Market 2022-2027

Electronic Cylinder Lock Credentials Market 2022-2027

PMR forecasts the global electronic cylinder locks credentials market revenue to increase at a 9.8% CAGR during forecast period 2016–2027, and reach US$ 740.4 Mn.        

Request for Free Sample Report of “Electronic Cylinder Lock Credentials” Market @ https://www.persistencemarketresearch.com/samples/11389

According to a recent report published by Persistence Market Research (PMR), revenue generated by the global electronic cylinder lock credentials market is estimated to reach US$ 351.0 Mn by 2016 end, witnessing an increase of 10.1% over 2015 revenue. Low frequency RFID is estimated to be the largest technology segment in terms of value contribution by 2016 end, accounting for US$ 297.6, which is up from US$ 271.3 in 2015.

Requirement for enhanced security in the residential sector, with enhanced growth in the construction and real estate sectors, are factors expected to fuel construction activities, thereby fuelling demand for electronic cylinder lock credentials. Demand is expected to pick up in the residential sector due to recent trends such as improving living standards, increasing per capita income etc.

The market in Europe is estimated to be the largest revenue contributor to the global electronic cylinder lock credentials market by 2016 end, with a revenue share of 35.9%. Owing to a large number of leading players offering home security solutions in Europe, the market in the region is becoming increasingly competitive in nature and is expected to continue growing in terms of revenue contribution. Region-wise, North America is estimated to be the second largest market in the global electronic cylinder lock credentials market, with revenue at US$ 89.8 Mn – an estimated increase of 8.4% by 2016 end over 2015.

Key Players:

The report has profiled some of the Important players prevalent in the global like – SimonsVoss Technologies GmbH, ASSA ABLOY, Salto Systems, S.L., Dormakaba Holding AG, iLOQ Limited, C.Ed. Schulte GmbH, WFE Technology Corp., AIT Ltd and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Electronic Cylinder Lock Credentials.   

Among all product types, RFID key (cards) segment is estimated to account for leading market revenue share by 2016 end, owing to the fact that it is cost-effective, easy to deploy, and users can use any Bluetooth-enabled hand-held gadget to access electronic door lock systems. Demand for electronic key (contact based) is estimated to witness highest growth rate by 2016 end, owing to its increasing utilization in commercial, residential, industrial, and government sectors.

Among all technology segment, low frequency RFID is estimated to lead in terms of overall revenue contribution by 2024, high frequency RFID (NFC) segment is estimated to witness highest growth rate by 2016 end. Locks being accessible using NFC technology, smartphones, tablets or Bluetooth-enabled gadgets, is a primary factor for consumers shifting to high frequency RFID (NFC) locks.

Leading players such as AIT Ltd., CES Group, Salto Systems, S.L, etc. are focusing on reducing operational costs as well as introducing advanced products to consolidate their position in the market. Mergers & acquisitions and joint ventures remain a key strategy in the global electronic cylinder lock credentials market. For example, over the last few years, companies such as SimonsVoss Technologies GmbH, ASSA ABLOY, and Salto Systems, S.L have significantly increased their footprint in the global electronic lock credentials market by entering into strategic partnerships with regional market players.

Request For Customization @  https://www.persistencemarketresearch.com/request-customization/11389

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Electronic Cylinder Lock Credentials Market Manufacturers 
Electronic Cylinder Lock Credentials Market Distributors/Traders/Wholesalers 
Electronic Cylinder Lock Credentials Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

If you have any special requirements, please let us know and we will offer you the report as you want.

Electronic Cylinder Lock Credentials Market - Report Highlights

A detailed overview of parent market of Electronic Cylinder Lock Credentials market
Changing Electronic Cylinder Lock Credentials market dynamics in the industry
In-depth segmentation of the Electronic Cylinder Lock Credentials market
Historical, current, and projected Electronic Cylinder Lock Credentials market size regarding volume and value
Recent industry trends and developments in Electronic Cylinder Lock Credentials market
Competitive landscape of the Electronic Cylinder Lock Credentials market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Electronic Cylinder Lock Credentials market performance
Must-have information for Electronic Cylinder Lock Credentials market players to sustain and enhance their market footprint

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

Click Here to Buy this Report@  https://www.persistencemarketresearch.com/checkout/11389

Media Contact:

Persistence Market Research

305 Broadway,7th Floor New York City, NY 10007 United States

Call +1-646-568-7751

Call +1 800-961-0353

sales@persistencemarketresearch.com

About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electronic Cylinder Lock Credentials Market 2022 Expected to reach US$ 740.4 million with 9.8% CAGR Forecast to 2027 here

News-ID: 2550861 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Lock

SwitchBot Lock Pro: Lock in convenience and lock out hassles
Introducing SwitchBot Lock Pro: Upgrade your home security effortlessly. Quick installation, fingerprint access, 15 unlocking methods, and seamless Apple Home integration for $119.99. SwitchBot is excited to introduce its newest creation - SwitchBot Lock Pro [https://us.switch-bot.com/products/switchbot-lock-pro]. This advanced smart lock is designed to make your life easier and your home more secure by offering a range of features that combine the latest technology with everyday convenience. Whether you're a homeowner looking
Padlock Smart Lock Market Is Booming Worldwide | Master Lock Company, MIWA Lock, …
Advance Market Analytics published a new research publication on "Padlock Smart Lock Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Padlock Smart Lock market was mainly driven by the increasing R&D spending across the world. Some of the key
Lock Washers Market Future Trends, Business Opportunities And Forecast (2022-202 …
World Lock Washers Market was valued at $XX million in 2021, and research analysts predict the global market size will reach $XX million by the end of 2027, growing at a CAGR of XX% between 2022 and 2027. The study encompasses an elaborate analysis of the global Lock Washers market in terms of historical data and latest trends to evaluate its growth in the forthcoming years. The report includes the years
Lock Washers Market 2022 Status and Business Outlook - Disc-Lock, HEICO-LOCK, Gr …
The research report studies the Lock Washers market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each place is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The data analysts have used primary and secondary
Lock Washer Market -NORD-LOCK, Disc-Lock, Schnorr, Shakeproof, Tiger-Tight, Midw …
Lock Washer Market Overview: Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Lock Washer market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region. The Global Lock Washer market Report provides a detailed analysis of the current dynamics of the market with an extensive focus on the secondary research. It also studies current situation of the market estimate, share, demand, development
Global Digital Door Lock Systems Market 2018 - Stone Lock, Adel Lock, Kwikset, S …
Apex Market Research, recently published a detailed market research study focused on the "Digital Door Lock Systems Market" across the global, regional and country level. The report provides 360° analysis of "Digital Door Lock Systems Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Digital Door Lock Systems industry, and estimates the