Industry Insights
Due to the COVID-19 pandemic, the global Mechatronic Lock market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Contact Type accounting for % of the Mechatronic Lock global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial segment is altered to an % CAGR throughout this forecast period.
North America Mechatronic Lock market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Mechatronic Lock include ASSA ABLOY, Master Lock (Fortune Brands), Southco, Allegion, KEYA, WANGTONG LOCKS, DIRAK, Litai Metal Products and Capitol Lock, etc. In terms of revenue, the global 3 largest players have a % market share of Mechatronic Lock in 2021.
Key Drivers & Barriers
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Post-covid-19 Outlook
The readers in the section will understand how the Mechatronic Lock market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as production, demand, consumption, supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Segmental Outlook
Key segments including type and application have been elaborated in this report. The consultants at QY Research have studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type and application during the historical period (2017-2022) and forecast period (2023-2028).
Segment by Type
Contact Type
Contactless Type
Segment by Application
Commercial
Individual
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and production data of each region and country for the period 2017-2028. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region.
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Competitive Scenario
In this section, the readers will gain an understanding of the key players competing. The experts at QY Research have studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and production by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
ASSA ABLOY
Master Lock (Fortune Brands)
Southco
Allegion
KEYA
WANGTONG LOCKS
DIRAK
Litai Metal Products
Capitol Lock
Rittal
Kerong
EVVA
Camlock
Be-Tech
Make Locks
Topper
Yorfan Technology
ABA Locks International Co., Ltd.
Codelocks
Micro IQ
Frequently Asked Questions
Which product segment grabbed the largest share in the Mechatronic Lock market?
How is the competitive scenario of the Mechatronic Lock market?
Which are the key factors aiding the Mechatronic Lock market growth?
Which are the prominent players in the Mechatronic Lock market?
Which region holds the maximum share in the Mechatronic Lock market?
What will be the CAGR of the Mechatronic Lock market during the forecast period?
Which application segment emerged as the leading segment in the Mechatronic Lock market?
What key trends are likely to emerge in the Mechatronic Lock market in the coming years?
What will be the Mechatronic Lock market size by 2028?
Which company held the largest share in the Mechatronic Lock market?
Table of Contents
1 Mechatronic Lock Market Overview
1.1 Product Overview and Scope of Mechatronic Lock
1.2 Mechatronic Lock Segment by Type
1.2.1 Global Mechatronic Lock Market Size Growth Rate Analysis by Type 2022 VS 2028
1.2.2 Contact Type
1.2.3 Contactless Type
1.3 Mechatronic Lock Segment by Application
1.3.1 Global Mechatronic Lock Consumption Comparison by Application: 2022 VS 2028
1.3.2 Commercial
1.3.3 Individual
1.4 Global Market Growth Prospects
1.4.1 Global Mechatronic Lock Revenue Estimates and Forecasts (2017-2028)
1.4.2 Global Mechatronic Lock Production Estimates and Forecasts (2017-2028)
1.5 Global Market Size by Region
1.5.1 Global Mechatronic Lock Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028
1.5.2 North America Mechatronic Lock Estimates and Forecasts (2017-2028)
1.5.3 Europe Mechatronic Lock Estimates and Forecasts (2017-2028)
1.5.4 China Mechatronic Lock Estimates and Forecasts (2017-2028)
1.5.5 Japan Mechatronic Lock Estimates and Forecasts (2017-2028)
2 Market Competition by Manufacturers
2.1 Global Mechatronic Lock Production Market Share by Manufacturers (2017-2022)
2.2 Global Mechatronic Lock Revenue Market Share by Manufacturers (2017-2022)
2.3 Mechatronic Lock Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Mechatronic Lock Average Price by Manufacturers (2017-2022)
2.5 Manufacturers Mechatronic Lock Production Sites, Area Served, Product Types
2.6 Mechatronic Lock Market Competitive Situation and Trends
2.6.1 Mechatronic Lock Market Concentration Rate
2.6.2 Global 5 and 10 Largest Mechatronic Lock Players Market Share by Revenue
2.6.3 Mergers & Acquisitions, Expansion
3 Production by Region
3.1 Global Production of Mechatronic Lock Market Share by Region (2017-2022)
3.2 Global Mechatronic Lock Revenue Market Share by Region (2017-2022)
3.3 Global Mechatronic Lock Production, Revenue, Price and Gross Margin (2017-2022)
3.4 North America Mechatronic Lock Production
3.4.1 North America Mechatronic Lock Production Growth Rate (2017-2022)
3.4.2 North America Mechatronic Lock Production, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Mechatronic Lock Production
3.5.1 Europe Mechatronic Lock Production Growth Rate (2017-2022)
3.5.2 Europe Mechatronic Lock Production, Revenue, Price and Gross Margin (2017-2022)
3.6 China Mechatronic Lock Production
3.6.1 China Mechatronic Lock Production Growth Rate (2017-2022)
3.6.2 China Mechatronic Lock Production, Revenue, Price and Gross Margin (2017-2022)
3.7 Japan Mechatronic Lock Production
3.7.1 Japan Mechatronic Lock Production Growth Rate (2017-2022)
3.7.2 Japan Mechatronic Lock Production, Revenue, Price and Gross Margin (2017-2022)
4 Global Mechatronic Lock Consumption by Region
4.1 Global Mechatronic Lock Consumption by Region
4.1.1 Global Mechatronic Lock Consumption by Region
4.1.2 Global Mechatronic Lock Consumption Market Share by Region
4.2 North America
4.2.1 North America Mechatronic Lock Consumption by Country
4.2.2 United States
4.2.3 Canada
4.3 Europe
4.3.1 Europe Mechatronic Lock Consumption by Country
4.3.2 Germany
4.3.3 France
4.3.4 U.K.
4.3.5 Italy
4.3.6 Russia
4.4 Asia Pacific
4.4.1 Asia Pacific Mechatronic Lock Consumption by Region
4.4.2 China
4.4.3 Japan
4.4.4 South Korea
4.4.5 China Taiwan
4.4.6 Southeast Asia
4.4.7 India
4.4.8 Australia
4.5 Latin America
4.5.1 Latin America Mechatronic Lock Consumption by Country
4.5.2 Mexico
4.5.3 Brazil
5 Segment by Type
5.1 Global Mechatronic Lock Production Market Share by Type (2017-2022)
5.2 Global Mechatronic Lock Revenue Market Share by Type (2017-2022)
5.3 Global Mechatronic Lock Price by Type (2017-2022)
6 Segment by Application
6.1 Global Mechatronic Lock Production Market Share by Application (2017-2022)
6.2 Global Mechatronic Lock Revenue Market Share by Application (2017-2022)
6.3 Global Mechatronic Lock Price by Application (2017-2022)
7 Key Companies Profiled
7.1 ASSA ABLOY
7.1.1 ASSA ABLOY Mechatronic Lock Corporation Information
Summary: Get latest Market Research Reports on Mechatronic Lock. Industry analysis & Market Report on Mechatronic Lock is a syndicated market report, published as Global Mechatronic Lock Market Research Report 2022. It is complete Research Study and Industry Analysis of Mechatronic Lock market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.