Market Overview:
RFID furniture locks are used to protect valuable belongings from theft. They work by attaching a small RFID tag to an item and then locking the cabinet, drawer or door using a reader/writer device. When the tag is within range of the reader, it will unlock the cabinet, drawer or door. RFID furniture locks are available in a variety of types including key cards, key fobs and others. They are also available in a variety of applications including glass cabinets, drawers, flap doors and others. The global RFID furniture locks market is expected to grow at a CAGR of 9% during the forecast period 2018-2030.
Product Definition:
RFID Furniture Locks are locks that use Radio Frequency Identification technology to unlock. RFID Furniture Locks are used to secure furniture, such as desks and cabinets, in order to protect against theft or unauthorized access. The importance of RFID Furniture Locks is that they provide an extra level of security for valuable furniture items.
Key Cards:
Key cards are small plastic or metal objects that can be used to open a door, chest, cabinet or safe in place of a traditional key. They are becoming increasingly popular as they reduce the risk of theft and keep children away from dangerous areas. RFID technology is being increasingly used to track these cards for security purposes.
Key Fobs:
Key Fobs are small RFID enabled devices which can be used to open doors and gates without using traditional keys. They work on the radio frequency identification technology. Key fob is a small electronic device, usually in the form of a wristwatch or keyring, which contains an integrated circuit chip capable of storing data pertaining to its own identity and also that of any other objects it may be attached to. The data includes information such as door/gate name, user name and password etc.
Application Insights:
The glass cabinet lock segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing demand for high security locks among retailers and manufacturers of expensive products. The RFID technology helps in reducing theft, burglaries, and robberies by providing a secure path from inside a storeroom or warehouse to the outside world through walls or doors. Thus, increasing adoption of this technology leads to increased use of glass cabinet as an access point from which retailer or manufacturer can reach product display cabinets located on open shelves with their RFID-enabled smart cards or fobs.
The drawers lock segment is projected register notable growth over the forecast period owing to rising concerns among consumers regarding safety against thefts while storing valuables at home such as jewelry, passports & visas, cash etcetera.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to rising concerns regarding data security and increasing cases of employee theft. North America has one of the highest rates of employee theft, which costs businesses around USD X billion per year. In addition, according to a survey conducted by the National Association for Shoplifting Prevention, Inc., more than 10% of all retail sales are lost due to shoplifting activities in this region.
Asia Pacific regional market is expected to witness significant growth over the forecast period owing to rising demand from hotels.
Growth Factors:
- Increasing demand for furniture locks from the commercial sector as a result of growing security concerns
- The increasing trend of using smart technology in furniture locks
- Rising demand for RFID-enabled furniture locks from the residential sector
- Growing popularity of keyless entry systems in both residential and commercial establishments
- Proliferation of online shopping and e-commerce platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
RFID Furniture Locks Market Research Report
By Type
Key Cards, Key Fobs, Others
By Application
Glass Cabinet, Drawers, Flap Doors, Others
By Companies
ZKTeco, Assa Abloy, Dormakaba, SmartLock Europe Ltd, Haken Systems, Onity, SALTO, Accuride International, Steelcase, KI Europe Ltd., PS GmbH, Digilock
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global RFID Furniture Locks Market Report Segments:
The global RFID Furniture Locks market is segmented on the basis of:
Types
Key Cards, Key Fobs, 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
Glass Cabinet, Drawers, Flap Doors, 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:
- ZKTeco
- Assa Abloy
- Dormakaba
- SmartLock Europe Ltd
- Haken Systems
- Onity
- SALTO
- Accuride International
- Steelcase
- KI Europe Ltd.
- PS GmbH
- Digilock
Highlights of The RFID Furniture Locks 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:
- Key Cards
- Key Fobs
- Others
- By Application:
- Glass Cabinet
- Drawers
- Flap Doors
- 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 RFID Furniture Locks 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?
RFID furniture locks are a type of security lock that uses radio frequency identification (RFID) technology to secure items within a room. RFID furniture locks use an embedded RFID reader to identify the unique ID code of each piece of furniture in the room, and then use this information to unlock the lock. This prevents unauthorized access to your belongings, and ensures that you always have access to your belongings while they are locked up in the room.
Some of the major companies in the rfid furniture locks market are ZKTeco, Assa Abloy, Dormakaba, SmartLock Europe Ltd, Haken Systems, Onity, SALTO, Accuride International, Steelcase, KI Europe Ltd., PS GmbH, Digilock.
The rfid furniture locks market is expected to register a CAGR of 9%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. RFID Furniture Locks 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. RFID Furniture Locks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. RFID Furniture Locks Market - Supply Chain
4.5. Global RFID Furniture Locks Market Forecast
4.5.1. RFID Furniture Locks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. RFID Furniture Locks Market Size (000 Units) and Y-o-Y Growth
4.5.3. RFID Furniture Locks Market Absolute $ Opportunity
5. Global RFID Furniture Locks 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. RFID Furniture Locks Market Size and Volume Forecast by Type
5.3.1. Key Cards
5.3.2. Key Fobs
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global RFID Furniture Locks 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. RFID Furniture Locks Market Size and Volume Forecast by Application
6.3.1. Glass Cabinet
6.3.2. Drawers
6.3.3. Flap Doors
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global RFID Furniture Locks 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. RFID Furniture Locks 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 RFID Furniture Locks 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. RFID Furniture Locks 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 RFID Furniture Locks Demand Share Forecast, 2019-2026
9. North America RFID Furniture Locks 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 RFID Furniture Locks 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 RFID Furniture Locks Market Size and Volume Forecast by Application
9.4.1. Glass Cabinet
9.4.2. Drawers
9.4.3. Flap Doors
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America RFID Furniture Locks Market Size and Volume Forecast by Type
9.7.1. Key Cards
9.7.2. Key Fobs
9.7.3. Others
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 RFID Furniture Locks Demand Share Forecast, 2019-2026
10. Latin America RFID Furniture Locks 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 RFID Furniture Locks 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 RFID Furniture Locks Market Size and Volume Forecast by Application
10.4.1. Glass Cabinet
10.4.2. Drawers
10.4.3. Flap Doors
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America RFID Furniture Locks Market Size and Volume Forecast by Type
10.7.1. Key Cards
10.7.2. Key Fobs
10.7.3. Others
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 RFID Furniture Locks Demand Share Forecast, 2019-2026
11. Europe RFID Furniture Locks 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 RFID Furniture Locks 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 RFID Furniture Locks Market Size and Volume Forecast by Application
11.4.1. Glass Cabinet
11.4.2. Drawers
11.4.3. Flap Doors
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe RFID Furniture Locks Market Size and Volume Forecast by Type
11.7.1. Key Cards
11.7.2. Key Fobs
11.7.3. Others
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 RFID Furniture Locks Demand Share, 2019-2026
12. Asia Pacific RFID Furniture Locks 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 RFID Furniture Locks 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 RFID Furniture Locks Market Size and Volume Forecast by Application
12.4.1. Glass Cabinet
12.4.2. Drawers
12.4.3. Flap Doors
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific RFID Furniture Locks Market Size and Volume Forecast by Type
12.7.1. Key Cards
12.7.2. Key Fobs
12.7.3. Others
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 RFID Furniture Locks Demand Share, 2019-2026
13. Middle East & Africa RFID Furniture Locks 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 RFID Furniture Locks 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 RFID Furniture Locks Market Size and Volume Forecast by Application
13.4.1. Glass Cabinet
13.4.2. Drawers
13.4.3. Flap Doors
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa RFID Furniture Locks Market Size and Volume Forecast by Type
13.7.1. Key Cards
13.7.2. Key Fobs
13.7.3. Others
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 RFID Furniture Locks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global RFID Furniture Locks Market: Market Share Analysis
14.2. RFID Furniture Locks Distributors and Customers
14.3. RFID Furniture Locks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ZKTeco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Assa Abloy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dormakaba
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SmartLock Europe Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Haken Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Onity
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SALTO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Accuride International
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Steelcase
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KI Europe Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PS GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Digilock
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
