Global Electronic Cam Lock Market Report, History and Forecast 2017-2028
Market Analysis and Insights: Global Electronic Cam Lock Market
Due to the COVID-19 pandemic, the global Electronic Cam Lock market size was value at US$ 277.71 million in 2021 and is forecast to be a readjusted size of US$ 420.53 million by 2028 with a CAGR of 5.65% during the forecast period 2022-2028.
The global main manufacturers of Electronic Cam Lock include ASSA ABLOY, Lowe & Fletcher, EMKA, Kerong, Southco, Wangtong Locks, Sinox, Make locks and Jin Tay Industries, etc. In 2021, the global five largest players have a share approximately 61.00% in terms of revenue.
The North America Electronic Cam Lock market size was US$ 128.59 million in 2021, while China was about US$ 6.14 million. The proportion of the China was 2.21% in 2021 and it is predicted that the share will reach 2.49% in 2028, trailing a CAGR of 7.74% through the analysis period. As for the Europe Electronic Cam Lock landscape, Germany is projected to reach US$ 25.53 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 4.66% and 3.91% respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, Active (Battery) Electronic Cam Lock accounting for 87.04% of the Electronic Cam Lock global market in 2021, is projected to value $ 241.7 million by 2028, growing at a revised 5.81% CAGR from 2022 to 2028. While Commercial segment is altered to an 4.54% CAGR throughout this forecast period and will hold a share about 72.70% in 2028.
Global Electronic Cam Lock Scope and Market Size
The global Electronic Cam Lock market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Electronic Cam Lock market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
ASSA ABLOY
Lowe & Fletcher
EMKA
Kerong
Southco
Wangtong Locks
Sinox
Make locks
Jin Tay Industries
MWGC
Mesan Lock
Eberhard Manufacturing
FATH
Segment by Type
Active (Battery) Electronic Cam Lock
Passive (Free Battery) Electronic Cam Lock
Segment by Application
Commercial
Residential
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
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