About Door Lock Actuator
Door lock actuator is a small, motor-driven device that automates the locking and unlocking of a door. It is designed to lock and unlock a door without the effort of pulling on a cable and rod. It works by physically engaging the lock mechanism, by rotating a cylinder or moving a bolt. they are used in electronic access control systems, remote keyless entry systems, and smart home setups. The continuous production of vehicles and rapid adoption of electric vehicles and safety norms by the government in the installation of door lock actuators in vehicles offers the market growth in the upcoming years globally.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States and Japanese Vendors will contribute the maximum growth to Global Door Lock Actuator market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kiekert AG (Germany), Continental AG (Germany), Valeo (France), Delphi Technologies (United Kingdom), Fiat Chrysler Automobiles (FCA) (United Kingdom), General Motors (ACDelco) (United States), Standard Motor Products Inc. (United States), Inteva Products, LLC (United States), Aisin Seiki Co., Ltd. (Japan), DENSO Corporation (Japan), ASSA ABLOY (Sweden), MITSUBA Corporation (Japan) and Stoneridge (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Door Lock Actuator market by Type (Transistor Type, Capacitive and Speed Sensing), Application (Automotive, Residential and Commercial) and Region.
On the basis of geography, the market of Door Lock Actuator 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 Actuator Type, the sub-segment i.e. Solenoid Lock Actuators will boost the Door Lock Actuator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Original Equipment Manufacturer (OEM) will boost the Door Lock Actuator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Advent of Semi-Autonomous and Autonomous Vehicles
Market Growth Drivers:
The Growth in the Number of Sales and Production of Vehicles and Manufacturers are Focusing on the Development of Light Weight Materials
Challenges:
If installed on external doors, exposure to harsh weather elements like rain or snow can damage the actuator's internal components.
Restraints:
Overheating and Short Circuit of the Wiring and Fluctuating Prices Of the Raw Materials
Opportunities:
Rapid Adoption of Electric Vehicles in Developed Countries and Safety Regulations in Vehicles by Various Countries Government
Market Leaders and their expansionary development strategies
June 20, 2023, Fortune Brands Innovations, Inc. an industry-leading home, security and commercial building products company, has acquired of the Emtek and Schaub premium and luxury door and cabinet hardware business. This acquisition will increase Fortune Brands’ scale in connected products, drive innovation and expand our offering in the luxury home products market.
In September 2022, Assa Abloy launched a new product under the Yale brand, namely Yale Assure Lock 2, which is the smartest residential lock for security purposes. This aims to improve the product portfolio.
Key Target Audience
Door Lock Actuator Manufacturers, Raw Material Suppliers, Door Lock Actuator Suppliers/Distributors, Aftermarket Door Lock Actuator Providers, End Users and Other
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.