Market Overview:
The global single door magnetic lock market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for security systems across different applications, such as residential, commercial, and industrial sectors. Additionally, the growing awareness about safety and security among consumers is also propelling the growth of this market. The global single door magnetic lock market can be segmented on the basis of type into surface mounted and embedded installation types. The surface mounted type is expected to hold a larger share in this market during the forecast period owing to its easy installation process and low cost as compared to embedded installation type. On the basis of application, the global single door magnetic lock market can be segmented into residential, commercial, and industrial sectors.
Product Definition:
A single door magnetic lock is a device that uses a magnet to hold a door closed. It is often used in place of a traditional doorknob or latch, and can be opened using either a key or a remote control.
Surface Mounted:
Surface Mounted, it's usage and growth factor in Single Door Magnetic Lock market is analyzed by us to understand the industry trends. The study includes an analysis of the current as well as future demand for surface-mounted technology in single door magnetic lock. The research study encompasses a competitive landscape of surface mounted technology in the single door magnetic lock market.
Embedded Installation:
Embedded installation is a method of installing an operating system and all the required software on a specific type of electronic devices, which are then used in another device or systems. In this method, the software is directly installed on the electronic devices without using any other medium for its distribution. The embedded installation includes two types that are stand-alone and network/internet-based.
Application Insights:
The residential application segment accounted for the largest share of over 50.0% in 2017. The rising number of single door magnetic lock installations at homes, apartments and houses across various regions including Asia Pacific, North America and Europe is expected to remain a prominent trend over the forecast period. This can be attributed to increasing safety concerns among consumers coupled with growing awareness about security measures at home or office buildings.
Single door magnetic locks are considered as an ideal solution for applications where there is a need for limited space along with good security solutions that offer ease of operation without compromising with safety features required by consumers worldwide.
Regional Analysis:
North America dominated the global single door magnetic lock market in 2017. This can be attributed to the presence of a large number of key players such as Assa Abloy, Inc.; Kaba Ako Magnetic Lock; andLockheed Martin Corporation that are engaged in providing security solutions for residential, commercial and industrial applications. Moreover, rising demand for smart homes is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing government initiatives pertaining customer’s satisfaction and safety standards across various industries coupled with growing investments by key players in this region. For instance, In January 2016, Samsung Electronics Co., Ltd., a South Korean multinational conglomerate company announced its partnership with M1 Security Products Pte Ltd., a Singapore-based startup company for developing innovative products including single door magnetic locks under its home security brand ‘Samsung Smart Home’ range.
Growth Factors:
- Increasing demand for security and safety measures in both residential and commercial establishments
- Growing awareness about the benefits of using single door magnetic locks over traditional locking systems
- Rising popularity of smart homes and the growing demand for integrated security solutions
- Proliferation of e-commerce platforms and the increasing trend of online shopping
- Technological advancements that have led to the development of more sophisticated single door magnetic locks
Scope Of The Report
Report Attributes
Report Details
Report Title
Single Door Magnetic Lock Market Research Report
By Type
Surface Mounted, Embedded Installation
By Application
Residential, Commercial, Industrial
By Companies
DynaLock Corporation, Alarm Controls, RCI, Dormakaba, Rosslare, Schlage, SDC SECURITY, Securitron, Jenix, Allegion
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Single Door Magnetic Lock Market Report Segments:
The global Single Door Magnetic Lock market is segmented on the basis of:
Types
Surface Mounted, Embedded Installation
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
Residential, Commercial, Industrial
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:
- DynaLock Corporation
- Alarm Controls
- RCI
- Dormakaba
- Rosslare
- Schlage
- SDC SECURITY
- Securitron
- Jenix
- Allegion
Highlights of The Single Door Magnetic 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:
- Surface Mounted
- Embedded Installation
- By Application:
- Residential
- Commercial
- Industrial
- 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 Single Door Magnetic 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A single door magnetic lock is a type of security system that uses magnets to secure the door from the inside. This type of lock is typically used in areas where access to the room or area is restricted, such as a bedroom.
Some of the key players operating in the single door magnetic lock market are DynaLock Corporation, Alarm Controls, RCI, Dormakaba, Rosslare, Schlage, SDC SECURITY, Securitron, Jenix, Allegion.
The single door magnetic 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 Single Door Magnetic 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 Single Door Magnetic Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single Door Magnetic 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 Single Door Magnetic 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 Single Door Magnetic Lock Market Size & Forecast, 2020-2028
4.5.1 Single Door Magnetic Lock Market Size and Y-o-Y Growth
4.5.2 Single Door Magnetic Lock Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Surface Mounted
5.2.2 Embedded Installation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single Door Magnetic 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 Single Door Magnetic 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Surface Mounted
9.6.2 Embedded Installation
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 Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Surface Mounted
10.6.2 Embedded Installation
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 Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Surface Mounted
11.6.2 Embedded Installation
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 Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Surface Mounted
12.6.2 Embedded Installation
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 Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Surface Mounted
13.6.2 Embedded Installation
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) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Single Door Magnetic Lock Market: Competitive Dashboard
14.2 Global Single Door Magnetic Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DynaLock Corporation
14.3.2 Alarm Controls
14.3.3 RCI
14.3.4 Dormakaba
14.3.5 Rosslare
14.3.6 Schlage
14.3.7 SDC SECURITY
14.3.8 Securitron
14.3.9 Jenix
14.3.10 Allegion
