Market Overview:
The global hotel lock market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for luxury hotels, and the growing number of budget hotels across the globe. In addition, technological advancements in hotel locks are also contributing to the growth of this market. The global hotel lock market is segmented on the basis of type, application, and region. On the basis of type, it is divided into RFID card locks, wireless Mifare card locks, proximity card locks, and others (including keypad and biometric). The RFID card lock segment dominates this market owing to its advantages such as easy installation and operation; tamper-proof locking system; ability to track access history; low battery consumption; etc. On account of these benefits over traditional mechanical keys systems used in hotels till now have propelled their uptake among users globally thereby propelling this sub-segment’s growth significantly over other types available currently in this domain space . On application front meanwhile luxury hotel sector shall continue being most lucratively remunerative one with highest incremental gains year on year throughout forecast period primarily due burgeoning travel & tourism industry worldwide whereas budget hospitality sector too would exhibit healthy expansion albeit at comparatively lower rates vis-à-vis former .
Product Definition:
A hotel lock is a type of lock typically used in hotels, motels, and other hospitality businesses. Hotel locks are designed to provide security for guest rooms and other areas of the property. They are usually operated by a key card or key fob, which can be swiped through a reader on the door or inserted into a slot on the door handle.
RFID Card:
RFID stands for Radio-frequency Identification and is a automatic process of sensing and tracking objects using electromagnetic radio-frequency radiation. It involves the use of an RFID tag or label which can be attached to an object and used to track inventory in real time. The technology has been around for more than two decades but only recently has it started gaining widespread acceptance due to its ability to reduce shrinkage, theft, fraud & counterfeiting along with improving operational efficiency & customer service.
Wireless Mifare Card:
A wireless mifare card is a smart card used in hotel lock systems. It contains an embedded microchip and a radio-frequency identification (RFID) antenna that allows the user to open the door with just one tap on the keychain. The technology behind it makes use of electromagnetic field generated by the RFID tag, which in turn helps in opening and closing doors without any physical contact.
Application Insights:
The luxury hotel segment accounted for the largest revenue share of over 30% in 2017. The growing number of high-end hotels has resulted in an increased demand for security measures, including room keys and access cards, which are used to open doors and operate various amenities. In addition, the adoption of these cards is increasing across all types of hotels due to their ease of use as well as convenience.
RFID technology allows a hotel operator to identify each guest by reading his or her RFID card at check-in time and notifying staff about details pertaining to that particular guest stay including contact information, previous stays and future travel plans. This helps operators enhance customer service while reducing costs at the same time since fewer man hours are required for operations such as check-in & checkout processes compared with traditional methods such as paper passbooks or keycards.
Regional Analysis:
North America dominated the global hotel lock industry with a revenue share of over 35.0% in 2017. This growth is attributed to the presence of major market players such as Assa Abloy, Inc.; Access Security LLC; and Gemalto NV in this region. The increasing number of hotels and resorts across U.S.
Growth Factors:
- Increasing demand for hotel rooms from the tourism sector
- Rising disposable income of people, especially in developing countries
- Proliferation of budget hotels and increasing popularity of home-sharing platforms such as Airbnb
- Technological advancements in hotel locks that offer enhanced security and convenience to guests
- Growing awareness about the benefits of using hotel locks among businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Hotel Lock Market Research Report
By Type
RFID Card, Wireless Mifare Card, Proximity Card, Others
By Application
Luxury Hotel, Budget Hotel
By Companies
ASSA ABLOY, Dormakaba, KABA, Onity, MIWA, SALTO, Omnitec, ZKTeco, Mtech Locks, Dahua Technology, ASSA ABLOY, KAS, GCS Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Hotel Lock Market Report Segments:
The global Hotel Lock market is segmented on the basis of:
Types
RFID Card, Wireless Mifare Card, Proximity Card, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Luxury Hotel, Budget Hotel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ASSA ABLOY
- Dormakaba
- KABA
- Onity
- MIWA
- SALTO
- Omnitec
- ZKTeco
- Mtech Locks
- Dahua Technology
- ASSA ABLOY
- KAS
- GCS Group
Highlights of The Hotel Lock Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RFID Card
- Wireless Mifare Card
- Proximity Card
- Others
- By Application:
- Luxury Hotel
- Budget Hotel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hotel Lock Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hotel Lock is a hotel security system that uses fingerprint scanning to identify guests.
Some of the key players operating in the hotel lock market are ASSA ABLOY, Dormakaba, KABA, Onity, MIWA, SALTO, Omnitec, ZKTeco, Mtech Locks, Dahua Technology, ASSA ABLOY, KAS, GCS Group.
The hotel lock market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hotel Lock Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hotel Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hotel Lock Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hotel Lock Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hotel Lock Market Size & Forecast, 2018-2028
4.5.1 Hotel Lock Market Size and Y-o-Y Growth
4.5.2 Hotel Lock Market Absolute $ Opportunity
Chapter 5 Global Hotel Lock Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hotel Lock Market Size Forecast by Type
5.2.1 RFID Card
5.2.2 Wireless Mifare Card
5.2.3 Proximity Card
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hotel Lock Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hotel Lock Market Size Forecast by Applications
6.2.1 Luxury Hotel
6.2.2 Budget Hotel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hotel Lock Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hotel Lock Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hotel Lock Analysis and Forecast
9.1 Introduction
9.2 North America Hotel Lock Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hotel Lock Market Size Forecast by Type
9.6.1 RFID Card
9.6.2 Wireless Mifare Card
9.6.3 Proximity Card
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hotel Lock Market Size Forecast by Applications
9.10.1 Luxury Hotel
9.10.2 Budget Hotel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hotel Lock Analysis and Forecast
10.1 Introduction
10.2 Europe Hotel Lock Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hotel Lock Market Size Forecast by Type
10.6.1 RFID Card
10.6.2 Wireless Mifare Card
10.6.3 Proximity Card
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hotel Lock Market Size Forecast by Applications
10.10.1 Luxury Hotel
10.10.2 Budget Hotel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hotel Lock Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hotel Lock Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hotel Lock Market Size Forecast by Type
11.6.1 RFID Card
11.6.2 Wireless Mifare Card
11.6.3 Proximity Card
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hotel Lock Market Size Forecast by Applications
11.10.1 Luxury Hotel
11.10.2 Budget Hotel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hotel Lock Analysis and Forecast
12.1 Introduction
12.2 Latin America Hotel Lock Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hotel Lock Market Size Forecast by Type
12.6.1 RFID Card
12.6.2 Wireless Mifare Card
12.6.3 Proximity Card
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hotel Lock Market Size Forecast by Applications
12.10.1 Luxury Hotel
12.10.2 Budget Hotel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hotel Lock Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hotel Lock Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hotel Lock Market Size Forecast by Type
13.6.1 RFID Card
13.6.2 Wireless Mifare Card
13.6.3 Proximity Card
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hotel Lock Market Size Forecast by Applications
13.10.1 Luxury Hotel
13.10.2 Budget Hotel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hotel Lock Market: Competitive Dashboard
14.2 Global Hotel Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASSA ABLOY
14.3.2 Dormakaba
14.3.3 KABA
14.3.4 Onity
14.3.5 MIWA
14.3.6 SALTO
14.3.7 Omnitec
14.3.8 ZKTeco
14.3.9 Mtech Locks
14.3.10 Dahua Technology
14.3.11 ASSA ABLOY
14.3.12 KAS
14.3.13 GCS Group
