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Global Electronic Home Locks Market 2018-2022

Global Electronic Home Locks Market 2018-2022

About Electronic Home Locks

An electronic lock is a locking device that operates through electric current or motion mechanism and performs locking and unlocking operations on a door accordingly. In this report, electronic locks used for residential purposes are considered and analyzed.

Technavio’s analysts forecast the global electronic home locks market to grow at a CAGR of 16.41% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global electronic home locks market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electronic Home Locks Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Allegion
  • ASSA ABLOY
  • Honeywell International
  • SAMSUNG
  • Spectrum Brands
Market driver
  • Increasing integration of advanced technologies
  • For a full, detailed list, view our report
Market challenge
  • Intense competition from alternative products
  • For a full, detailed list, view our report
Market trend
  • Growing urbanization enabling the category growth opportunity
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Electronic Home Locks Market 2018-2022

Technavio recognizes the following companies as the key players in the global electronic home locks market: Allegion, ASSA ABLOY, Honeywell International, SAMSUNG, and Spectrum Brands.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing urbanization enabling the category growth opportunity. The growing urbanization has played a vital role in the rising adoption of electronic locks among households. The improvement in global digitalization is also driving the demand for electronic home locks. In urban areas, electronic locks and their benefits are gradually gaining popularity among the population.”

According to the report, one driver in the market is increasing integration of advanced technologies. Electronic home locks are operated either on battery or electricity, and these are more expensive than regular home locks. The high price of electronic home locks is attributed to the introduction of technologically advanced security and locking system. Smart connectivity is one of the latest technologies incorporated in electronic locks.

Further, the report states that one challenge in the market is intense competition from alternative products. The manufacturers of electronic home locks experience intense competition from alternative products such as regular home locks. Individuals are still confident about the ordinary home locks that are operated through keys. In addition, these regular home locks are less priced as compared to the electronic home locks.

Companies Mentioned

Allegion, ASSA ABLOY, Honeywell International, SAMSUNG, and Spectrum Brands.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market outline
    • Market ecosystem
      • Table Global home automation market - Market size and forecast 2017-2022 ($ billions)
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast
      • Table Global electronic home locks market - Market size and forecast 2017-2022 ($ mn)
      • Table Global electronic home locks market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by authentication method
    • Global electronic home locks market by authentication method
      • Table Global electronic home locks market by authentication method - Market share 2017-2022 (% share of revenue)
    • Comparison by authentication method
      • Table Comparison by authentication method
    • Numerical codes and passwords - Market size and forecast
      • Table Global electronic home locks market with numerical codes and passwords - Market size and forecast 2017-2022 ($ mn)
      • Table Global electronic home locks market with numerical codes and passwords - Year-overyear growth 2018-2022 (%)
    • Biometrics - Market size and forecast
      • Table Global electronic home locks market with biometric - Market size and forecast 2017-2022 ($ mn)
      • Table Global electronic home locks market with biometric - Year-over-year growth 2018-2022 (%)
    • Security tokens - Market size and forecast
      • Table Global electronic home locks market with security tokens - Market size and forecast 2017-2022 ($ mn)
      • Table Global electronic home locks market with security tokens - Year-over-year growth 2018-2022 (%)
    • RFID - Market size and forecast
      • Table Global electronic home locks market with RFID - Market size and forecast 2017-2022 ($ mn)
      • Table Global electronic home locks market with RFID - Year-over-year growth 2018-2022 (%)
    • Market opportunity by authentication method
      • Table Market opportunity by authentication method
  • Market segmentation by connectivity
    • Global electronic home locks market by connectivity
      • Table Global electronic home locks market by connectivity - Market share 2017-2022 (% share of revenue)
    • Comparison by connectivity
      • Table Comparison by connectivity
    • Global wired electronic home locks market - Market size and forecast
      • Table Global wired electronic home locks market - Market size and forecast 2017-2022 ($ mn)
      • Table Global wired electronic home locks market - Year-over-year growth 2018-2022 (%)
    • Global wireless electronic home locks market - Market size and forecast
      • Table Vendors offering wireless electronic home locks
      • Table Global wireless electronic home locks market - Market size and forecast 2017-2022 ($ mn)
      • Table Global wireless electronic home locks market - Year-over-year growth 2018-2022 (%)
    • Market opportunity by connectivity
      • Table Market opportunity by connectivity
  • Market segmentation by product
    • Global electronic home locks market by product
      • Table Global electronic home locks market by product - Market share 2017-2022 (% share of revenue)
    • Comparison by product
      • Table Comparison by product
    • Electric strikes - Market size and forecast
      • Table Global electric strikes market - Market size and forecast 2017-2022 ($ mn)
      • Table Global electric strikes market - Year-over-year growth 2018-2022 (%)
    • Electronic deadbolts and latches - Market size and forecast
      • Table Global electronic deadbolts and latches market - Market size and forecast 2017-2022 ($ mn)
      • Table Global electronic deadbolts and latches market - Year-over-year growth 2018-2022 (%)
    • Electromagnetic locks - Market size and forecast
      • Table Global electromagnetic locks market - Market size and forecast 2017-2022 ($ mn)
      • Table Global electromagnetic locks market - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
    • Global electronic home locks market by distribution channel
      • Table Global electronic home locks market by distribution channel 2017 (% share of revenue)
    • Global electronic home locks market through offline distribution channel
      • Table Global electronic home locks market through offline distribution channel 2017 (% share of revenue)
    • Global electronic home locks market through online distribution channel
  • Regional landscape
    • Global electronic home locks market by geography
      • Table Global electronic home locks market - Market share by geography 2017-2022 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast
      • Table Electronic home locks market in Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Electronic home locks market in Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast
      • Table Electronic home locks market in EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table Electronic home locks market in EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast
      • Table Electronic home locks market in APAC - Market size and forecast 2017-2022 ($ mn)
      • Table Electronic home locks market in APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing urbanization enabling the category growth opportunity
      • Table Urban population 2012-2016 (% of total)
    • Growing adoption of distribution channel expansion strategy by vendors
    • Increasing penetration of smart-connected electronic locks
    • Other emerging trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Allegion
      • Table Allegion - Vendor overview
      • Table Allegion - Product segments for home category
      • Table Allegion - Product segments for business category
      • Table Allegion - Recent organizational developments
      • Table Allegion - Geographic focus
      • Table Allegion - Segment focus
      • Table Allegion - Key offerings
    • ASSA ABLOY
      • Table ASSA ABLOY - Vendor overview
      • Table ASSA ABLOY - Product segments
      • Table ASSA ABLOY - Recent organizational developments
      • Table ASSA ABLOY - Geographic focus
      • Table ASSA ABLOY - Segment focus
      • Table ASSA ABLOY - Key offerings
    • Honeywell International
      • Table Honeywell International - Vendor overview
      • Table Honeywell International - Product segments
      • Table Honeywell International - Recent organizational developments
      • Table Honeywell International- Geographic focus
      • Table Honeywell International- Segment focus
      • Table Honeywell International - Key offerings
    • SAMSUNG
      • Table SAMSUNG - Vendor overview
      • Table SAMSUNG - Business segments
      • Table SAMSUNG - Recent organizational developments
      • Table SAMSUNG - Geographic focus
      • Table SAMSUNG - Segment focus
      • Table SAMSUNG - Key offerings
    • Spectrum Brands
      • Table Spectrum Brands - Vendor overview
      • Table Spectrum Brands - Product segments
      • Table Spectrum Brands - Recent organizational developments
      • Table Spectrum Brands - Geographic focus 2017
      • Table Spectrum Brands - Segment focus
      • Table Spectrum Brands - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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