Market Research Report
Global Electronic Cam Lock Market Report, History and Forecast 2017-2028
|Global Electronic Cam Lock Market Report, History and Forecast 2017-2028|
Published: June 16, 2022
Content info: 111 Pages
Delivery time: 2-3 business days
Due to the COVID-19 pandemic, the global Electronic Cam Lock market size was value at US$ 277.71 million in 2021 and is forecast to be a readjusted size of US$ 420.53 million by 2028 with a CAGR of 5.65% during the forecast period 2022-2028.
The global main manufacturers of Electronic Cam Lock include ASSA ABLOY, Lowe & Fletcher, EMKA, Kerong, Southco, Wangtong Locks, Sinox, Make locks and Jin Tay Industries, etc. In 2021, the global five largest players have a share approximately 61.00% in terms of revenue.
The North America Electronic Cam Lock market size was US$ 128.59 million in 2021, while China was about US$ 6.14 million. The proportion of the China was 2.21% in 2021 and it is predicted that the share will reach 2.49% in 2028, trailing a CAGR of 7.74% through the analysis period. As for the Europe Electronic Cam Lock landscape, Germany is projected to reach US$ 25.53 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 4.66% and 3.91% respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, Active (Battery) Electronic Cam Lock accounting for 87.04% of the Electronic Cam Lock global market in 2021, is projected to value $ 241.7 million by 2028, growing at a revised 5.81% CAGR from 2022 to 2028. While Commercial segment is altered to an 4.54% CAGR throughout this forecast period and will hold a share about 72.70% in 2028.
The global Electronic Cam Lock market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Electronic Cam Lock market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.