Global Electronic Cam Lock Market Growth 2023-2029

Global Electronic Cam Lock Market Growth 2023-2029

Electronic cam locks are one of the most common and simple locks. There are two types of electronic cam locks, the first type does not require any external wiring, all power is supplied to the lock by the key. The other is an intelligent electronic cam lock (eg: password digital electronic cam lock) powered by a battery. Electronic cam locks are designed for interior and exterior use. It provides a complete electronic lock system that provides access control, accountability, physical security and system management. Most electronic cam locks are business tools that can provide a decent return on investment.

LPI (LP Information)' newest research report, the “Electronic Cam Lock Industry Forecast” looks at past sales and reviews total world Electronic Cam Lock sales in 2022, providing a comprehensive analysis by region and market sector of projected Electronic Cam Lock sales for 2023 through 2029. With Electronic Cam Lock sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electronic Cam Lock industry.

This Insight Report provides a comprehensive analysis of the global Electronic Cam Lock landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electronic Cam Lock portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electronic Cam Lock market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electronic Cam Lock and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Cam Lock.

The global Electronic Cam Lock market size is projected to grow from US$ 271.7 million in 2022 to US$ 404.8 million in 2029; it is expected to grow at a CAGR of 404.8 from 2023 to 2029.

Global key players of electronic cam lock include ASSA ABLOY, Lowe & Fletcher, EMKA, Kerong, etc. Global top five manufacturers hold a share over 60%. In terms of product, active (battery) electronic cam lock is the largest segment, with a share over 87%. And in terms of application, the largest application is commercial, with a share over 72%.

This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Cam Lock market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Passive (Free Battery) Electronic Cam Lock
Active (Battery) Electronic Cam Lock

Segmentation by application
Residentical
Commercial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ASSA ABLOY
Lowe & Fletcher
EMKA
Kerong
Southco
Wangtong Locks
Sinox
Make locks
Jin Tay Industries
MWGC
Mesan Lock
Eberhard Manufacturing
FATH

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electronic Cam Lock market?

What factors are driving Electronic Cam Lock market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electronic Cam Lock market opportunities vary by end market size?

How does Electronic Cam Lock break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.