Market Overview:
The global smart handle market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart handles in critical infrastructure, residential, and enterprise applications. In addition, the growing demand for smart handles in hospitality and other applications is also contributing to the growth of this market.
Product Definition:
A smart handle is a device that attaches to the door of a refrigerator, freezer, or cabinet and uses an app to help you remember what's inside.
Active Smart Handle:
Active smart handle is a combination of traditional cash register and self-checkout systems. It includes an LCD screen, keypads, receipt printer and speakers in addition to the usual cash drawer. The system can be used by any customer who requires assistance during checkout processes such as payment methods or product selection. This system has been gaining popularity among retailers due to its ability to offer enhanced customer service along with reduced labor costs and faster checkout process which helps in increasing store’s efficiency.
Passive Smart Handle:
Passive smart handle is a device that can be attached to any regular tap and it will turn on/off according to the water flow. It has an in-built sensor that detects the amount of water being used, thereby saving energy and reducing wastage of water. The product is available in different forms such as no-touch, touchless, and push button type.
Application Insights:
The application segment is segregated into enterprise, hospitality, residential and others. The residential sector accounted for the largest share in 2016 and will continue to be dominant throughout the forecast period. This can be attributed to rising disposable income levels in emerging economies such as China, India and Brazil which have resulted in increased product adoption by consumers at home. Furthermore, increasing urbanization has led to an increase in demand for smart door handles that open doors automatically when a person approaches them which is expected to boost industry growth over the coming years.
The hospitality segment is anticipated to witness considerable growth over the forecast period owing largely due to growing investments by international hotel chains such as Hyatt Corporation (based on ownership), Marriot International Inc., AccorHotels S.A.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to increasing cyber-attacks, critical infrastructure protection, and rising adoption of smart devices across various industries. Moreover, growing demand for connected cars is expected to drive the regional market over the forecast period. Europe accounted for a significant share in terms of revenue owing to high product penetration and favorable government regulations regarding IoT technology adoption across numerous sectors including healthcare & life sciences, transportation & logistics, manufacturing among others. Asia Pacific is anticipated to witness substantial growth over the forecast period owing to increasing investments by governments in developing countries such as India and China along with other emerging economies such as Indonesia and Malaysia among others for improving public safety applications through implementation of smart solutions leveraging IoT technology platforms offering active or passive smart handles that can be operated via smartphone app installation or manual remote control from anywhere within a defined range (i.e.
Growth Factors:
- Increasing demand for smart home devices
- Rising disposable income of consumers
- Growing awareness about the benefits of using smart handle products
- Proliferation of online retail platforms
- Entry of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Handle Market Research Report
By Type
Active Smart Handle, Passive Smart Handle
By Application
Critical Infrastructure, Residential, Enterprise, Hospitality, Others
By Companies
ZF Friedrichshafen, Aisin Seiki, Silca, Denso, Valeo, Tokai Rika, Continental, Hyundai MOBIS, Mitsubishi Electric, Honeywell International, ZF Friedrichshafen, Kwikset, Schlage
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Smart Handle Market Report Segments:
The global Smart Handle market is segmented on the basis of:
Types
Active Smart Handle, Passive Smart Handle
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
Critical Infrastructure, Residential, Enterprise, Hospitality, Others
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:
- ZF Friedrichshafen
- Aisin Seiki
- Silca
- Denso
- Valeo
- Tokai Rika
- Continental
- Hyundai MOBIS
- Mitsubishi Electric
- Honeywell International
- ZF Friedrichshafen
- Kwikset
- Schlage
Highlights of The Smart Handle 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:
- Active Smart Handle
- Passive Smart Handle
- By Application:
- Critical Infrastructure
- Residential
- Enterprise
- Hospitality
- Others
- 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 Smart Handle 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?
Smart Handle is a smart door handle that can be controlled with an app. The app allows users to open and close the door using gestures or voice commands.
Some of the major players in the smart handle market are ZF Friedrichshafen, Aisin Seiki, Silca, Denso, Valeo, Tokai Rika, Continental, Hyundai MOBIS, Mitsubishi Electric, Honeywell International, ZF Friedrichshafen, Kwikset, Schlage.
The smart handle market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Handle 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 Smart Handle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Handle 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 Smart Handle 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 Smart Handle Market Size & Forecast, 2020-2028
4.5.1 Smart Handle Market Size and Y-o-Y Growth
4.5.2 Smart Handle 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 Active Smart Handle
5.2.2 Passive Smart Handle
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 Critical Infrastructure
6.2.2 Residential
6.2.3 Enterprise
6.2.4 Hospitality
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Handle 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 Smart Handle 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 Active Smart Handle
9.6.2 Passive Smart Handle
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 Critical Infrastructure
9.10.2 Residential
9.10.3 Enterprise
9.10.4 Hospitality
9.10.5 Others
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 Active Smart Handle
10.6.2 Passive Smart Handle
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 Critical Infrastructure
10.10.2 Residential
10.10.3 Enterprise
10.10.4 Hospitality
10.10.5 Others
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 Active Smart Handle
11.6.2 Passive Smart Handle
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 Critical Infrastructure
11.10.2 Residential
11.10.3 Enterprise
11.10.4 Hospitality
11.10.5 Others
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 Active Smart Handle
12.6.2 Passive Smart Handle
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 Critical Infrastructure
12.10.2 Residential
12.10.3 Enterprise
12.10.4 Hospitality
12.10.5 Others
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 Active Smart Handle
13.6.2 Passive Smart Handle
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 Critical Infrastructure
13.10.2 Residential
13.10.3 Enterprise
13.10.4 Hospitality
13.10.5 Others
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 Smart Handle Market: Competitive Dashboard
14.2 Global Smart Handle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF Friedrichshafen
14.3.2 Aisin Seiki
14.3.3 Silca
14.3.4 Denso
14.3.5 Valeo
14.3.6 Tokai Rika
14.3.7 Continental
14.3.8 Hyundai MOBIS
14.3.9 Mitsubishi Electric
14.3.10 Honeywell International
14.3.11 ZF Friedrichshafen
14.3.12 Kwikset
14.3.13 Schlage
