Electronic Home Locks Market Size, Share & Trends Analysis Report By Product Type (Strikes, Deadbolts & Latches, Lever Locks), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global electronic home locks market size is anticipated to reach USD 952.4 million by 2025 registering a CAGR of 16.1%, according to a new report by Grand View Research, Inc. High demand for home automation and advanced security technologies, such as electronics home locks, is expected to be the key factors driving the market. Rising construction activities in developed countries including U.S., Germany, U.K., and France are also expected to assist in growth of this market.

Moreover, integration of innovative technologies, such as Near-Field Communication (NFC), Bluetooth, and voice and face recognition, is expected to boost the product demand. Key companies in the market are focusing on the development of advanced products to gain a competitive edge. For instance, ASSA ABLOY AB introduced a range of electronic locking solutions that features technologies, such as NFC.North America was the dominant regional market in 2018 and is estimated to retain its leading position throughout the forecast period.

The growth is attributed to the rapid expansion of the construction industry, especially in residential sector, in the region. However, Asia Pacific is projected to witness the fastest growth over the forecast period due to high demand for advanced security solutions. The product demand is driven by the increasing residential construction activities, trend of home automation, and disposable income levels in the region. In addition, rising number of branded retail outlets, especially in India and China, is anticipated to contribute to the market in growth.

Further key findings from the study suggest:

• Electronics lever locks product segment held the largest market share in 2018 and is estimated to witness the fastest growth over the forecast period due to rising trend of home automation for better security

• Moreover, lever locks are easy to install and are equipped with advanced features, such as data storage and adding and deleting users remotely

• Offline distribution channel was the leading segment in 2018. However, the online segment is anticipated to expand at the fastest CAGR of 18.0% from 2019 to 2025

• Increasing usage of smartphones and exposure to digital media, especially in developing countries like India and China, are expected to augment the products sales through online channels

• Prominent companies in the electronic home locks market are ASSA ABLOY AB; Allegion plc.; Samsung Group; Spectrum Brands, Inc.; Honeywell International Inc.; Nuki Home Solutions; August Home, Inc.; The Godrej Group; Avent Security; and Security Door Controls (SDC)

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Electronics Home Locks Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant 
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Electronics Home Locks Market
                    3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Type Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Electronics Home Locks Market: Product Type Estimates & Trend Analysis
                    5.1. Product Type Movement Analysis & Market Share, 2018 & 2025
                    5.2. Strikes
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Deadbolts and Latches
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.4. Lever Locks
                        5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Electronics Home Locks Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Offline
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Online
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Electronics Home Locks Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                            7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.2.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                            7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.4. Germany
                            7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                            7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.5. U.K.
                            7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.4. China
                            7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                            7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.5. India
                            7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.5.4. Brazil
                            7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.5.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                            7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.6.4. UAE
                            7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.6.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                            7.6.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.2. Vendor Landscape
                        8.2.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. ASSA ABLOY.
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Product Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. Allegion plc
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Product Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. Samsung 
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Product Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. Spectrum Brands, Inc.
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Product Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. Honeywell International Inc.
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Product Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. Nuki Home Solutions
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Product Benchmarking
                        9.6.4. Strategic Initiatives
                    9.7. August Home.
                        9.7.1. Company Overview
                        9.7.2. Financial Performance
                        9.7.3. Product Benchmarking
                        9.7.4. Strategic Initiatives
                    9.8. Godrej
                        9.8.1. Company Overview
                        9.8.2. Financial Performance
                        9.8.3. Product Benchmarking
                        9.8.4. Strategic Initiatives
                    9.9. Aventsecurity.
                        9.9.1. Company Overview
                        9.9.2. Financial Performance
                        9.9.3. Product Benchmarking
                        9.9.4. Strategic Initiatives
                    9.10. Security Door Controls
                        9.10.1. Company Overview
                        9.10.2. Financial Performance
                        9.10.3. Product Benchmarking
                        9.10.4. Strategic Initiatives

List of Tables

1. Electronics Home Locks - Key market driver analysis
2. Electronics Home Locks - Key market restraint analysis
3. Global strikes home locks market estimates and forecast, 2015 - 2025 (USD Million)
4. Global deadbolts and latches home locks market estimates and forecast, 2015 - 2025 (USD Million)
5. Global lever home locks market estimates and forecast, 2015 - 2025 (USD Million)
6. Global electronics home locks market estimates and forecast through offline, 2015 - 2025 (USD Million)
7. Global electronics home locks market estimates and forecast through online, 2015 - 2025 (USD Million)
8. North America electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
9. North America electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
10. North America electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
11. U.S. electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
12. U.S. electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
13. U.S. electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
14. Europe electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
15. Europe electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
16. Europe electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
17. Germany electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
18. Germany electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
19. Germany electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
20. U.K. electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
21. U.K. electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
22. U.K electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
23. Asia Pacific electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
24. Asia Pacific electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
25. Asia Pacific electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. China electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
27. China electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
28. China electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
29. India electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
30. India electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
31. India electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
32. Central & South America electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
33. Central & South America electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
34. Central & South America electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
35. Brazil electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
36. Brazil electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
37. Brazil electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
38. Middle East & Africa electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
39. Middle East & Africa electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
40. Middle East & Africa electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
41. UAE electronics home locks market estimates and forecast, 2015 - 2025 (USD Million)
42. UAE electronics home locks market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
43. UAE electronics home locks market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
44. Vendor landscape

List of Figures

1. Electronics Home Locks market snapshot 
2. Electronics Home Locks market segmentation & scope
3. Electronics Home Locks market penetration & growth prospect mapping
4. Electronics Home Locks value chain analysis
5. Electronics Home Locks market dynamics
6. Electronics Home Locks market: Porter's analysis 
7. Electronics Home Locks market: Product Type movement analysis
8. Electronics Home Locks market: Distribution Channel movement analysis
9. Electronics Home Locks market: Regional movement analysis