Global Electric Strike Market Overview:
Electric strikes are used for door security in the commercial, residential and industrial applications that require access control systems. It is an electromechanical door locking device with plates that are partially controlled by internal electronic mechanisms that release the lock. The electric strikes, when paired with the suitable accessories, grant access at the door or, can also release the lock remotely with switches. It creates a safety access control solution with the benefits of credentials involved entry and allows the convenience of remote activation. Some of the key players profiled in the study are Assa Abloy AB (Sweden), Dormakaba Group (United States), Allegion plc (Ireland), Unternehmensgruppe Gretsch-Unitas (Germany), BEA Group (Halma plc) (United States), Openers & Closers (Spain), Security Door Controls (United States), Safetron AB (Sweden) and John Rocco Sales (United States).
On the basis of geography, the market of Electric Strike has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Electric Strike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Number of Crimes Around the World
- Growing Urbanization and Need for Security
Market Trend
- The Advent of Smart Lock Technology like IoT Things in Door Locks
Restraints
- High Cost Associated with Electric Strikes
- Regulatory Guidelines Regarding Electric Strike
Opportunities
- Technological Advancements in Electric Strikes will Boost the Market
Challenges
- Complexities Involved with Installation of Electric Strike
Target Audience:
Electric Strike Manufacturers, Electric Strike International Traders, Electric Strike Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Electric Strike market on the basis of product [Cylindrical, Rim Exit, Mortise and Others] , application [Commercial Buildings, Technology Centers, Warehouses, Industrial Facilities and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Electric Strike market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Electric Strike industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Electric Strike market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.