Pune, India -- (SBWIRE) -- 01/24/2018 -- Our analysts forecast the Global Electronic Locks Market to grow at a CAGR of +13% over the period 2017-2022.

Electronic locks can be deactivated or opened by authentication such as passwords and passphrases, numerical codes, security tokens, RFID, and biometrics, among others. Protecting valuable assets and places becomes a concern as the global economic climate sours. Rigorous access control gives peace of mind, leading to growing demand of electronic locks. Electronic lock is gradually becoming one of the primary and cost-effective way to prevent unauthorized access. Electronic locks find application in luxury apartments, office projects, and government projects. The electronic locks market can be segmented by end-use into hospitality and professional segments. The hospitality segment includes hotels, resorts, while the professional segment includes healthcare, government, education, commercial and financial verticals.

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With advancements in technology, companies offering electronic lock solutions are focusing on innovation in North America. Adoption of electronic locks in this region has surged among public and private places such as shopping malls, metro platforms, gyms, and parking lots. These factors are driving growth of the market in North America. Electronic locks are gaining traction in Latin America with increasing application of access control systems in furniture locks, and residential & commercial buildings. Key market strategies adopted by vendors including new product launches, acquisition of local manufacturers and strengthening their footprint in the market are further expected to propel growth.

Key Players Profiled in this Report:
IREVO, Master, mul-t lock, Yela, Dorma, Onity, Assa Abloy, Schlage, Kwikset, Salto Systems, Samsung, Panasonic, Allegion, MIWA Lock, Guangdong Be-Tech, Adel, August, Honeywel, Jiangmen Keyu Intelligence, Tenon, Locstar, Probuck, Guangdong Level Intelligent Lock.

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An analysis of technical data and manufacturing plants has been provided in the report, which includes a segment on the key suppliers of the global Electronic Locks market, their status on research and development, commercial production, technology sources, and capacity. Additionally, the report offers readers a detailed information on the major sources of raw material, cost structure of products, supply, downstream client survey, key distributors, policies, mergers, acquisitions, and other alliances. Further, it also provides information on marketing channels, industry development trends, environmental and regional regulations, revenue structure, distribution of manufacturing plants, product specification, import and export, proposals, consumers, business models, collaborations, upstream raw materials, and research requirements.

The research report makes use of industry-centric tools for market analysis to gauge the scope of the competitive landscape of the global Electronic Locks market in current as well as future market scenarios. The competition in the global market is evaluated on the basis of key market player operating at both regional as well as global. The report also discusses the associations and business partnerships among the key players operating in the market.

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Table of Contents

Global Electronic Locks Market Research Report 2017
Chapter 1 Global Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis

The report also looks into influential external factors likely to affect the development of this market in the coming years. These include the technological framework of the industry and likely advances expected in the coming years, consumer preference patterns, economic environment, and the demand for alternative technologies and devices.