Press release
Electronic Cylinder Lock Credentials Market is anticipated to touch a value of nearly US$ 170 Mn in the year 2025
Electronic Cylinder Lock Credentials Market 2022The report on Electronic Cylinder Lock Credentials Market provided based on the recent developments and data that has been collated from the previous year's looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2025. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
A recent market report published by Persistence Market Research titled "Electronic Cylinder Lock Credentials Market: Global Industry Analysis 2014 - 2016 and Forecast 2017 - 2025," presents detailed insights and a revised forecast of the global Electronic Cylinder Lock Credentials Market. According to the report, the global market was valued at US$ 380.2 Mn in 2017, and is expected to register a CAGR of 9.8% from 2017 to 2025. As per the assessment of Persistence Market Research, requirement for enhanced security in residential sector and robust growth of construction and real estate sectors are major factors driving growth of the global electronic cylinder lock credentials market.
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Builders of luxury housing projects use home security solution features as one of the major unique selling points for attracting affluent customer segments. Smart security and automation has become an important decision-making factor for purchasing any house or property by consumers. Builders also emphasize on enhanced personalized security facilities for increasing their sales figures. This, however, mainly targets the high-income group, which accounts for a very small share of the overall population. Expansion of IT and BFSI sectors is on the rise across the world. This is expected to create potential revenue opportunity for digital door lock security solution providers to establish and engage in business tie-ups with companies operating in these sectors.
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.
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Global Electronic Cylinder Lock Credentials Market: Segmentation and Forecast
Global electronic cylinder lock credentials market is categorized on the basis of product type, technology, end-user, and region. On the basis of product type, the market is segmented as Electronic Key (Contact based), RFID Key (Cards) and Key Fob & Badge. Electronic Key (Contact based) segment is anticipated to register a CAGR of 11.1% during the forecast period. The end-user segment is segmented into Commercial Sector and Residential Sector, Industrial Sector and Government. The technology segment is segmented into Low Frequency RFID, High Frequency RFID (NFC), and Others.
The electronic key (contact based) product type segment was estimated to be valued at US$ 25.1 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 60 Mn in 2025 and exhibit a CAGR of 11.1% during the period of forecast.
The RFID key (cards) product type segment was estimated to be valued at nearly US$ 350 Mn in 2017 and is forecasted to reach a valuation of nearly US$ 710 Mn in 2025, displaying a CAGR of 9.3% during the period of assessment.
The low frequency RFID technology segment was estimated to be valued at nearly US$ 330 Mn in 2017 and is anticipated to touch a value of nearly US$ 650 Mn in 2025, exhibiting a CAGR of 8.9% during the period of assessment.
The residential sector in the end user category was estimated to be valued at nearly US$ 100 Mn in 2017 and is forecasted to touch a valuation of nearly US$ 210 Mn in the year 2025, displaying a CAGR of 10.3% during the period of forecast.
Regional Forecast:
This report also covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of end-point security market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, Europe accounted for the largest market share in 2016. Europe region is also expected to register a healthy market share of 35.9% in 2016.
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
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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?
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