About Electronic Strikes
Electric strikes are electromechanical door locking devices, it means they are mechanical locks with electronic devices that provide additional functionality. It is available in different type which is Cylindrical, Deadbolts, Mortise, and Rim Panic. These types of strikes replace a standard door strike and are connected to a power supply. It is used widely in commercial buildings, warehouses, technology centers, banks, and hotel rooms. Electric strikes are easy to install and provide high security.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global electric strikes market is fragmented due to the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the electric strikes market is intense. Companies are investing in new technology to enhance their market presence. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hanchett Entry Systems, Inc. (United States), Dormakaba Group (Switzerland), ASSA ABLOY (Sweden), Allegion plc (Ireland), PDQ Industries, Inc. (United States) and Halma plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Foxconn (Taiwan), Honda (Japan) and General Motors (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Strikes market by Type (Cylindrical, Mortise, Deadbolts and Rim Panic), Application (Commercial, Residential and Industrial) and Region.
On the basis of geography, the market of Electronic Strikes 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 Sales Channel, the sub-segment i.e. Online will boost the Electronic Strikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Cast Metal will boost the Electronic Strikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Electronic Strikes
Market Growth Drivers:
Rising Demand for High-Security Lock System and Growing Need for Alternative to Conventional Door Strikes
Challenges:
Stiff Competition in Electronic Strikes Market and High cost of Raw Material Hindering Market Growth
Restraints:
Market Presence with The Low-Quality Electronic Strikes May Restraints The Market Growth
Opportunities:
Wide range of Electronic Strikes Leads Growth in Distribution Markets B2B and B2C
Market Leaders and their expansionary development strategies
In June 2023, Apex Strike Technologies and Ionic Systems announced a merger, creating a leading manufacturer of high-performance electronic strike bowling components. This merger aims to combine Apex Strike's expertise in lane technology with Ionic Systems' innovative scoring and projection systems.
In December 2023, Brunswick Bowling unveiled their new ProLane X electronic strike system, featuring advanced lane surface technology and improved scoring accuracy. This product targets professional bowlers and competitive leagues.
Key Target Audience
Electronic Strikes Manufacturers, Electronic Strikes International Traders, Electronic Strikes Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.