Europe RFID Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Access Device (Key Cards, Mobile Phones, and Key Fobs), End-User (Hospitality, Residential, Manufacturing, Retail, Automotive, Aerospace & Defense, Government & Public Utility, and Others)
Market Introduction
The Europe RFID locks market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The European region constitutes developed economies such as France, Germany, Russia, the UK, and Italy as a developing nation. The inclination towards procurement of electromechanical products over traditional locking systems has increased drastically; and is expected to continue and give various growth opportunities to the user of smart locking system. Ergonomic design, well-suited design, ADA compliant, universal, and adaptability are some of the features provided by the RFID locks which makes their adoption more among industries especially hotels. In Germany has a population of more than 80 million which creates significant opportunity to cater demand of RFID locks. Out of total population, Germany’s smartphone penetration accounts for more than 78% in 2019. The considerable growth in the construction of new hotels in France is driving the hospitality sector of France that would play a significant in the growth of RFID locks. Growing ownership of smartphones is anticipated to fuel the development and use of mobile accessed RFID locks. Additionally, the British capital is consistently making itself in the top lists of the most five-star hotels in Europe. Large penetration of smartphone among the citizens will create lucrative opportunities for the providers of RFID locks integrated with mobile access technology. In addition, Russian hospitality sector enjoys significant footfall of travels from across Europe.
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Market Overview and Dynamics
The RFID locks market in Europe is expected to grow from US$ 1,168.95 Mn in 2019 to US$ 3,165.39 Mn by 2027; it is estimated to grow at a CAGR of 13.8% from 2020 to 2027. The rising number of hotels are propelling the need for advanced access technology—such as mobile access service. Furthermore, elevation in hotel room security by using Bluetooth Low Energy upgrade module or smart locks is becoming a crucial element in hospitality as it helps hotels provide property with streamlined check-in benefit. The rising demand from hotel owners is encouraging the access control systems manufacturers and tech giants to work together to develop smart door locks for hotels and other buildings included under hospitality industry. Various hoteliers are preferring contactless RFID cards over old magnetic keycards to offer enhanced guest experience. The use of RFID cards and locks is less cumbersome and enables faster room entry. RFID locks work with different access credentials such as wristbands, mobile devices, and key fobs, thereby promoting its use among hoteliers. In addition, updates in digital key prevent the use of expensive plastic keycards. The minimum use of single-use plastic cards in the long term helps hotels cut down their operating costs and carbon footprint. Therefore, improved guest satisfaction and lesser operating costs and carbon footprints are among the benefits offered by RFID locks, which, in turn, drive the demand for RFID locks in the hospitality sector across Europe.
Key Market Segments
Based on access devices, the key cards segment accounted for the largest share of the Europe RFID locks market in 2019. Based on, the hospitality segment held a larger market share of the Europe RFID locks market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe RFID locks market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Assa Abloy AB, Digilock, Dormakaba Group, Euro-Locks SA NV, Onity Inc., Qilocks Equipment Ltd., Samsung Group, and Senseon (Accuride International Inc.)
Reasons to buy report
- To understand the Europe RFID locks market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe RFID locks market
- Efficiently plan M&A and partnership deals in Europe RFID locks market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe RFID locks market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
EUROPE RFID LOCKS MARKET SEGMENTATION
By Access Devices
- Key Cards
- Mobile Phones
- Key Fobs
By End-User
- Hospitality
- Residential
- Manufacturing
- Retail
- Automotive
- Aerospace & Defense
- Government & Public Utility
- Others
By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Company Profiles
- Assa Abloy AB
- Digilock
- Dormakaba Group
- Euro-Locks SA NV
- Onity Inc.
- Qilocks Equipment Ltd.
- Samsung Group
- Sensen (Accuride International Inc.)
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe RFID Locks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. RFID Locks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in Urbanization
5.1.2 Evolution of the Hospitality Industry
5.2 Market Restraints
5.2.1 Prolonged Battery Life
5.3 Market Opportunities
5.3.1 Incrementing Penetration of Smartphones
5.4 Future Trends
5.4.1 Amalgamation of AI with Locking System
5.5 Impact Analysis of Drivers and Restraints
6. RFID Locks – Europe Market Analysis
6.1 Overview
6.2 Europe RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
7. Europe RFID Locks Market Analysis – By Access Devices
7.1 Overview
7.2 RFID Locks Market, By Access Devices (2019 and 2027)
7.3 Key Card
7.3.1 Overview
7.3.2 Key Card: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Mobile Phones
7.4.1 Overview
7.4.2 Mobile Phones: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Key Fobs
7.5.1 Overview
7.5.2 Key Fobs: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe RFID Locks Market Analysis – By End-User
8.1 Overview
8.2 RFID Locks Market Breakdown, By End-User, 2019 & 2027
8.3 Hospitality
8.3.1 Overview
8.3.2 Hospitality: RFID Locks Market Revenue and Forecast to 2027 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: RFID Locks Market Revenue and Forecast to 2027 (US$ Million)
8.5 Manufacturing
8.5.1 Overview
8.5.2 Manufacturing: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)
8.6 Retail
8.6.1 Overview
8.6.2 Retail: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)
8.7 Automotive
8.7.1 Overview
8.7.2 Automotive: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)
8.8 Aerospace & Defense
8.8.1 Overview
8.8.2 Aerospace & Defense: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)
8.9 Government & Public Utilities
8.9.1 Overview
8.9.2 Government & Public Utilities: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)
8.10 Others
8.10.1 Overview
8.10.2 Others: RFID Locks Market Revenue and Forecast to 2027 (US$ Mn)
9. Europe RFID Locks Market – Geographic Analysis
9.1 Overview
9.1.1 Europe: RFID Locks Market, By Country
9.1.1.1 Germany: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Germany: RFID Locks Market, By Access Devices
9.1.1.1.2 Germany: RFID Locks Market, by End-User
9.1.1.2 France: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 France: RFID Locks Market, By Access Devices
9.1.1.2.2 France: RFID Locks Market, by End-User
9.1.1.3 Italy: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Italy: RFID Locks Market, By Access Devices
9.1.1.3.2 Italy: RFID Locks Market, by End-User
9.1.1.4 UK: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 UK: RFID Locks Market, By Access Devices
9.1.1.4.2 UK: RFID Locks Market, by End-User
9.1.1.5 Russia: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: RFID Locks Market, By Access Devices
9.1.1.5.2 Russia: RFID Locks Market, by End-User
9.1.1.6 Rest of Europe: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: RFID Locks Market, By Access Devices
9.1.1.6.2 Rest of Europe: RFID Locks Market, by End-User
10. Impact of COVID-19 Outbreak on Europe RFID Locks Market
10.1.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. COMPANY PROFILES
12.1 Assa Abloy AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Digilock (Security People, Inc.)
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 dormakaba Holding AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Euro-Locks SA NV (Lowe & Fletcher Group)
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Onity Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Qilocks Equipment Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Samsung Group
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Senseon (Accuride International Inc.)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe RFID Locks Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Germany RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. France RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 5. France RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 6. Italy RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 7. Italy RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. UK RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 9. UK RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia RFID Locks Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe RFID Locks Market, By Access Devices – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. RFID Locks Market Segmentation
Figure 2. Europe RFID Locks Market Segmentation – By Country
Figure 3. Europe RFID Locks Market Overview
Figure 4. Europe RFID Locks Market, by Country
Figure 5. Europe RFID Locks Market, By Access Device
Figure 6. Europe RFID Locks Market, By End-User
Figure 7. Europe – PEST Analysis
Figure 8. RFID Locks Market – Ecosystem Analysis
Figure 9. RFID Locks Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. RFID Locks Market Revenue Share, by Access Devices (2019 and 2027)
Figure 12. Key Card: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Mobile Phones: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Key Fobs: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. RFID Locks Market Revenue Share, By End-User (2019 and 2027)
Figure 16. Hospitality: RFID Locks Market Revenue and Forecast to 2027(US$ Million)
Figure 17. Residential: RFID Locks Market Revenue and Forecast to 2027(US$ Million)
Figure 18. Manufacturing: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)
Figure 19. Retail: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)
Figure 20. Automotive: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)
Figure 21. Aerospace & Defense: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)
Figure 22. Government & Public Utilities: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)
Figure 23. Others: RFID Locks Market Revenue and Forecast to 2027(US$ Mn)
Figure 24. Europe: RFID Locks Market, by Key Country – Revenue (2019) (USD Million)
Figure 25. Europe: RFID Locks Market Revenue Share, By Country (2019 and 2027)
Figure 26. Germany: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. France: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Italy: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. UK: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Russia: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Rest of Europe: RFID Locks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- Assa Abloy AB
- Digilock (Security People, Inc.)
- Dormakaba Holding AG.
- Euro-Locks SA NV (Lowe & Fletcher Group)
- Onity Inc.
- Qilocks Equipment Ltd.
- Samsung Group
- Senseon (Accuride International Inc.)
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