Electronic cam locks are one of the most common and simple locks. There are two types of electronic cam locks, the first type does not require any external wiring, all power is supplied to the lock by the key. The other is an intelligent electronic cam lock (eg: password digital electronic cam lock) powered by a battery. Electronic cam locks are designed for interior and exterior use. It provides a complete electronic lock system that provides access control, accountability, physical security and system management. Most electronic cam locks are business tools that can provide a decent return on investment.
The global Electronic Cam Lock market was valued at US$ 277.71 million in 2021 and will reach US$ 420.53 million by the end of 2028, growing at a CAGR of 5.65% during 2022-2028.
The data for 2022 is an estimate, based on the historical data and the integrated view of industrial experts, manufacturers, distributors, and end users, etc.
Top-down and bottom-up approaches are used to validate the global Electronic Cam Lock market size and to estimate the market size for company, regional division, product type and application (end users). In the complete market engineering process, both top-down and bottom-up approaches along with several data triangulation methods have been extensively utilized to perform market estimation and market forecast for the overall market division and subdivision listed in this report. Extensive qualitative and further quantitative analysis has also been done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
According to the new market research report "Electronic Cam Lock - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Electronic Cam Lock market size is projected to grow from USD xx million in 2023 to USD xx million by 2029, at a CAGR of xx% during the forecast period.
- Global Electronic Cam Lock MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Electronic Cam Lock - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Electronic Cam Lock Top13Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Electronic Cam Lock - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Electronic Cam Lock include ASSA ABLOY, Lowe & Fletcher, EMKA, Kerong, Southco, Wangtong Locks, Sinox, Make locks, Jin Tay Industries, MWGC, etc.
In 2022, the global top five players had a share approximately 60.0% in terms of revenue.
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