Market Overview:
The global keyless lock market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart locks and rising security concerns among consumers. In terms of type, the electronic cipher locks segment is expected to lead the global keyless lock market during the forecast period, owing to its high adoption rate across various applications. By application, the household segment is projected to lead the global keyless lock market during 2018-2030, followed by commercial and other segments.
Product Definition:
A keyless lock is a locking device that does not require a key to be operated. Keyless locks are typically opened using an electronic touchpad or button, or a remote control. The purpose of a keyless lock is to provide security and convenience for the user.
Electronic Cipher Locks:
Electronic Cipher Locks, also known as ECMs or ECBs (Encryption and Decryption Machines), are a series of electronic locks which can be used to secure any door or window. These devices use an encryption algorithm to protect the data stored on the lock’s internal memory from unauthorized access. The most commonly used algorithms in this market are 3DES, AES and RSA.
Fingerprint Locks:
Fingerprint locks are a new type of security system which uses fingerprint scanners to provide an additional layer of security. The technology is still in the beta phase and hence, its usage is not widespread. However, it has gained popularity owing to benefits such as high level of security and ease in access control compared to traditional methods such as passwords or patterns.
The global keyless lock market size was valued at USD 2,099 million in 2015.
Application Insights:
Keyless locks find application in various sectors including household, commercial and others. The household segment held the largest market share of over 70% in 2017. This is attributed to rising adoption of keyless locks by consumers at their homes for safety against intruders or thieves. Moreover, keyless entry systems have several advantages over traditional mechanical ones such as they are more secure and convenient as all the doors can be locked/ unlocked with a single press of a button on the remote control unit.
The commercial segment is expected to expand at the fastest CAGR of XX% from 2018 to 2030 owing to increasing demand for high security solutions by businesses across multiple applications such as hospitality, healthcare facilities.
Regional Analysis:
North America dominated the global keyless lock market in 2017. The growth can be attributed to the presence of a large number of keyless lock manufacturers and distributors in this region. Asia Pacific is expected to witness significant growth over the forecast period owing to increasing government initiatives for building smart cities, which will lead to an increase in spending on security products such as locks. Moreover, rising investments by companies for developing new technologies will drive demand further. For instance, August 2016 saw Nest Labs Inc., a U.S.-based manufacturer of home security systems and cameras, acquire Lockdown Security Systems Pte Ltd., a Singapore-based designer and manufacturer of smart door locksets for residential applications (smart homes).
Growth Factors:
- Increasing demand for keyless locks in the commercial sector as a result of growing security concerns
- Rising popularity of smart home technology and the Internet of Things (IoT)
- Growing demand for keyless locks from the automotive industry as a result of increasing vehicle theft rates
- Proliferation of online and mobile commerce, which is driving the need for more secure payment systems
- Advances in digital authentication technologies that are making keyless locks more secure
Scope Of The Report
Report Attributes
Report Details
Report Title
Keyless Lock Market Research Report
By Type
Electronic Cipher Locks, Fingerprint Locks, Z-wave Locks, Wi-Fi Locks, Bluetooth Low Energy Locks, Other
By Application
Household, Commercial, Others
By Companies
ASSA ABLOY, Samsung, Allegion, Kwikset (Spectrum Brands), MIWA Lock, Master Lock (Fortune Brands), Guangdong Be-Tech, Adel, August, Honeywell, Jiangmen Keyu Intelligence, Tenon, Locstar, Probuck, Guangdong Level Intelligent Lock, Dessmann
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Keyless Lock Market Report Segments:
The global Keyless Lock market is segmented on the basis of:
Types
Electronic Cipher Locks, Fingerprint Locks, Z-wave Locks, Wi-Fi Locks, Bluetooth Low Energy Locks, Other
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
Household, Commercial, 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:
- ASSA ABLOY
- Samsung
- Allegion
- Kwikset (Spectrum Brands)
- MIWA Lock
- Master Lock (Fortune Brands)
- Guangdong Be-Tech
- Adel
- August
- Honeywell
- Jiangmen Keyu Intelligence
- Tenon
- Locstar
- Probuck
- Guangdong Level Intelligent Lock
- Dessmann
Highlights of The Keyless 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:
- Electronic Cipher Locks
- Fingerprint Locks
- Z-wave Locks
- Wi-Fi Locks
- Bluetooth Low Energy Locks
- Other
- By Application:
- Household
- Commercial
- 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 Keyless 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.
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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?
A keyless lock is a type of locking mechanism that does not require the use of keys. Instead, the user enters a code or password to open the door.
Some of the key players operating in the keyless lock market are ASSA ABLOY, Samsung, Allegion, Kwikset (Spectrum Brands), MIWA Lock, Master Lock (Fortune Brands), Guangdong Be-Tech, Adel, August, Honeywell, Jiangmen Keyu Intelligence, Tenon, Locstar, Probuck, Guangdong Level Intelligent Lock, Dessmann.
The keyless lock market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Keyless Lock Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Keyless Lock Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Keyless Lock Market - Supply Chain
4.5. Global Keyless Lock Market Forecast
4.5.1. Keyless Lock Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Keyless Lock Market Size (000 Units) and Y-o-Y Growth
4.5.3. Keyless Lock Market Absolute $ Opportunity
5. Global Keyless Lock Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Keyless Lock Market Size and Volume Forecast by Type
5.3.1. Electronic Cipher Locks
5.3.2. Fingerprint Locks
5.3.3. Z-wave Locks
5.3.4. Wi-Fi Locks
5.3.5. Bluetooth Low Energy Locks
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Keyless Lock Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Keyless Lock Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Keyless Lock Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Keyless Lock Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Keyless Lock Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Keyless Lock Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Keyless Lock Demand Share Forecast, 2019-2026
9. North America Keyless Lock Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Keyless Lock Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Keyless Lock Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Keyless Lock Market Size and Volume Forecast by Type
9.7.1. Electronic Cipher Locks
9.7.2. Fingerprint Locks
9.7.3. Z-wave Locks
9.7.4. Wi-Fi Locks
9.7.5. Bluetooth Low Energy Locks
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Keyless Lock Demand Share Forecast, 2019-2026
10. Latin America Keyless Lock Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Keyless Lock Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Keyless Lock Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Keyless Lock Market Size and Volume Forecast by Type
10.7.1. Electronic Cipher Locks
10.7.2. Fingerprint Locks
10.7.3. Z-wave Locks
10.7.4. Wi-Fi Locks
10.7.5. Bluetooth Low Energy Locks
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Keyless Lock Demand Share Forecast, 2019-2026
11. Europe Keyless Lock Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Keyless Lock Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Keyless Lock Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Keyless Lock Market Size and Volume Forecast by Type
11.7.1. Electronic Cipher Locks
11.7.2. Fingerprint Locks
11.7.3. Z-wave Locks
11.7.4. Wi-Fi Locks
11.7.5. Bluetooth Low Energy Locks
11.7.6. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Keyless Lock Demand Share, 2019-2026
12. Asia Pacific Keyless Lock Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Keyless Lock Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Keyless Lock Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Keyless Lock Market Size and Volume Forecast by Type
12.7.1. Electronic Cipher Locks
12.7.2. Fingerprint Locks
12.7.3. Z-wave Locks
12.7.4. Wi-Fi Locks
12.7.5. Bluetooth Low Energy Locks
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Keyless Lock Demand Share, 2019-2026
13. Middle East & Africa Keyless Lock Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Keyless Lock Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Keyless Lock Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Keyless Lock Market Size and Volume Forecast by Type
13.7.1. Electronic Cipher Locks
13.7.2. Fingerprint Locks
13.7.3. Z-wave Locks
13.7.4. Wi-Fi Locks
13.7.5. Bluetooth Low Energy Locks
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Keyless Lock Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Keyless Lock Market: Market Share Analysis
14.2. Keyless Lock Distributors and Customers
14.3. Keyless Lock Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ASSA ABLOY
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Allegion
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kwikset (Spectrum Brands)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MIWA Lock
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Master Lock (Fortune Brands)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guangdong Be-Tech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Adel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. August
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Honeywell
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiangmen Keyu Intelligence
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tenon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Locstar
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Probuck
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Guangdong Level Intelligent Lock
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dessmann
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
