Global Electronic Home Locks Market to Grow Remarkably during 2018-2022

November 27, 2018: 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.

Radiant Insights 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

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Radiant Insights 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?

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