Saudi Arabia Digital Lock System Market Overview, 2028
There is a growing demand for advanced security solutions in Saudi Arabia, driven by factors such as urbanization, increased disposable income, and the desire for enhanced safety and convenience. D... もっと見る
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SummaryThere is a growing demand for advanced security solutions in Saudi Arabia, driven by factors such as urbanization, increased disposable income, and the desire for enhanced safety and convenience. Digital door lock systems provide a technologically advanced and secure alternative to traditional lock systems, making them highly sought after in the market. The population in Saudi Arabia is increasingly tech-savvy and open to adopting advanced technologies. With a high smartphone penetration rate, the convenience of mobile app integration and remote access features offered by digital door lock systems resonates well with the population's digital lifestyle. Saudi Arabia enjoys economic stability and has been investing in infrastructure development and diversification. This provides a conducive environment for businesses to invest in digital door lock solutions, leading to market growth and opportunities for manufacturers and suppliers. Digital door locks used in Saudi Arabia often feature modern and sleek designs. The emphasis is placed on aesthetics and visual appeal, aligning with the country's preference for modern and luxurious interiors. In commercial settings such as offices, hotels, and retail spaces, digital door locks often integrate with access control systems. This integration allows for centralized management, monitoring, and control of multiple doors within a facility, improving security and operational efficiency. Digital door locks in Saudi Arabia are designed to offer remote access and control capabilities. Users can lock or unlock doors, grant temporary access to visitors, and receive real-time notifications through mobile applications or web interfaces. This feature is particularly valuable for homeowners or property managers who want to manage their properties from anywhere.According to the research report, “Saudi Arabia Digital Door Lock System Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add USD 74 Million from 2023 to 2028. Saudi Arabia being an Islamic country, some digital door lock systems cater to specific religious practices. For instance some locks offer features like prayer time modes that automatically lock or unlock the door during designated prayer times or have audible alerts for prayer calls. The rising standard of living in Saudi Arabia has contributed to an increased demand for digital door lock systems in the market. As people's lifestyles and expectations evolve, there is a growing interest in adopting advanced technologies that offer convenience, security, and automation in residential and commercial settings. The rising standard of living has several impacts on the demand for digital door lock systems. With an improved standard of living, there is an increased inclination toward modernization and the adoption of advanced technologies. Digital door lock systems align with this trend by providing cutting-edge features and sleek designs that complement modern interiors. The desire for a technologically advanced and aesthetically pleasing home environment drives the demand for digital door lock systems. As the standard of living rises, the affordability and accessibility of digital door lock systems have improved. Prices have become more competitive, and a wider range of options are available in the market. This makes digital door lock systems more accessible to a larger segment of the population, further driving demand. The magnetic strike access is gaining traction in digital door lock system market in Saudi Arabia. Magnetic strike access offers enhanced security compared to traditional mechanical locks. The magnetic strike mechanism provides a strong and secure locking mechanism, preventing unauthorized access. It ensures that the door remains securely locked until the magnetic strike is released, providing an additional layer of protection against forced entry. Magnetic strike access can be easily integrated with access control systems, making it compatible with broader security infrastructure. This allows for centralized control and management of access permissions, including the ability to grant or revoke access remotely, track entry records, and manage multiple access credentials. The integration with access control systems enhances overall security and provides administrators with greater control over access management. Home and Building Automation: With the growing adoption of smart home and building automation technologies in the Saudi Arabia, magnetic strike access systems can be easily integrated into broader smart systems. They can be connected to home or building automation platforms, allowing for centralized control, remote management, and integration with other smart devices and systems. The deadbolt lock is significant contributor to the market of digital door lock system in Saudi Arabia. Deadbolt locks are known for their robust security features. They provide a higher level of resistance against forced entry compared to standard latch or knob locks. Deadbolts have a solid metal bolt that extends deep into the door frame, making it difficult for intruders to break or tamper with the lock. This enhanced security is highly valued in Saudi Arabia, where homeowners prioritize protecting their properties and belongings. Security is a top concern for individuals and families in Saudi Arabia. The cultural emphasis on privacy, protection, and safeguarding personal property drives the demand for advanced security solutions. Deadbolt locks are widely recognized as a reliable and effective security measure, offering peace of mind to residents. The market for digital door lock systems in Saudi Arabia has witnessed a rise in the integration of digital technology with traditional deadbolt locks. These digital deadbolt locks combine the security benefits of a deadbolt with advanced access control features such as keyless entry, biometric authentication, or remote access control. Deadbolt locks have a long-standing reputation and cultural acceptance in Saudi Arabia. They have been used for many years and are widely recognized as a reliable and trusted security solution. This familiarity and cultural acceptance contribute to the significant adoption of deadbolt locks in the market of digital door lock systems. Recent Developments: • In March 2023, Assa Abloy launched its new Yale Doorman digital door lock system in Saudi Arabia. The Yale Doorman is a smart lock that can be unlocked with a key fob, code, or even your fingerprint. It also features a built-in alarm that can be triggered if someone tries to break in. • In February 2023, Godrej Locking Solutions launched its new Godrej Insta digital door lock system in Saudi Arabia. The Godrej Insta is a wireless lock that can be installed in minutes without any tools. It also features a built-in alarm that can be triggered if someone tries to break in. • In January 2023, Samsung launched its new Samsung SmartThings Door Lock digital door lock system in Saudi Arabia. The Samsung SmartThings Door Lock is a smart lock that can be controlled with a smartphone app. It also features a built-in alarm that can be triggered if someone tries to break in. Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia Digital Door Lock System market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By End-Use • Residential • Hotels & Hospitals • Commercial (including Hospitality) • Industrial • Government and Institutions • Others (automotive ,vacation rentals) By Access Type • Face • Fingerprint • Iris • Vein & Palm • Voice • Signature • Keypad Locks • Magnetic Strike • Electric Strike • Other By Lock Type • Deadbolt • Padlock • Lever Handle • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Digital Door Lock System industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Table of ContentsTable of Contents1. Executive Summary 2. Market Structure 2.1. Market Considerate 2.2. Assumptions 2.3. Limitations 2.4. Abbreviations 2.5. Sources 2.6. Definitions 2.7. Geography 3. Research Methodology 3.1. Secondary Research 3.2. Primary Data Collection 3.3. Market Formation & Validation 3.4. Report Writing, Quality Check & Delivery 4. US Macro Economic Indicators 5. Market Dynamics 5.1. Key Findings 5.2. Key Developments - 2021 5.3. Market Drivers & Opportunities 5.4. Market Restraints & Challenges 5.5. Market Trends 5.6. Covid-19 Effect 5.7. Supply chain Analysis 5.8. Policy & Regulatory Framework 5.9. Industry Experts Views 6. US Fruit & Vegetable Juice Market Overview 6.1. Market Size By Value 6.2. Market Size and Forecast By Product Types 6.3. Market Size and Forecast By Distribution Channel 7. US Fruit & Vegetable Juice Market Segmentations 7.1. US Fruit & Vegetable Juice Market, By Product Types 7.1.1. US Fruit & Vegetable Juice Market Size, By Fruit Juice, 2017-2028 7.1.2. US Fruit & Vegetable Juice Market Size, By Vegetable Juice, 2017-2028 7.1.3. US Fruit & Vegetable Juice Market Size, By Fruit and Vegetable Blend, 2017-2028 7.1.4. US Fruit & Vegetable Juice Market Size, By Nectar, 2017-2028 7.2. US Fruit & Vegetable Juice Market, By Distribution Channel 7.2.1. US Fruit & Vegetable Juice Market Size, By Supermarkets/Hypermarkets, 2017-2028 7.2.2. US Fruit & Vegetable Juice Market Size, By Convenience Stores, 2017-2028 7.2.3. US Fruit & Vegetable Juice Market Size, By Online, 2017-2028 7.2.4. US Fruit & Vegetable Juice Market Size, By Others (Cafes, Clubs, Restaurants, Etc.), 2017-2028 8. US Fruit & Vegetable Juice Market Opportunity Assessment 8.1. By Product Types, 2023 to 2028 8.2. By Distribution Channel, 2023 to 2028 9. Competitive Landscape 9.1. Porter's Five Forces 9.2. Company Profile 9.2.1. Company 1 9.2.1.1. Company Snapshot 9.2.1.2. Company Overview 9.2.1.3. Financial Highlights 9.2.1.4. Geographic Insights 9.2.1.5. Business Segment & Performance 9.2.1.6. Product Portfolio 9.2.1.7. Key Executives 9.2.1.8. Strategic Moves & Developments 9.2.2. Company 2 9.2.3. Company 3 9.2.4. Company 4 9.2.5. Company 5 9.2.6. Company 6 9.2.7. Company 7 9.2.8. Company 8 10. Strategic Recommendations 11. Disclaimer List of Figures Figure 1: US Fruit & Vegetable Juice Market Size By Value (2017, 2022 & 2028F) (in USD Million) Figure 2: Market Attractiveness Index, By Product Types Figure 3: Market Attractiveness Index, By Distribution Channel Figure 4: Porter's Five Forces of US Fruit & Vegetable Juice Market List of Table Table 1 : Influencing Factors for Global Fruit & Vegetable Juice Market, 2022 Table 2: US Fruit & Vegetable Juice Market Size and Forecast By Product Types (2017, 2022 & 2028F) Table 3: US Fruit & Vegetable Juice Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F) Table 4: US Fruit & Vegetable Juice Market Size of Fruit Juice (2017 to 2028) in USD Million Table 5: US Fruit & Vegetable Juice Market Size of Vegetable Juice (2017 to 2028) in USD Million Table 6: US Fruit & Vegetable Juice Market Size of Fruit and Vegetable Blend (2017 to 2028) in USD Million Table 7: US Fruit & Vegetable Juice Market Size of Nectar (2017 to 2028) in USD Million Table 8: US Fruit & Vegetable Juice Market Size of Supermarkets/Hypermarkets (2017 to 2028) in USD Million Table 9: US Fruit & Vegetable Juice Market Size of Convenience Stores (2017 to 2028) in USD Million Table 10: US Fruit & Vegetable Juice Market Size of Online (2017 to 2028) in USD Million Table 11: US Fruit & Vegetable Juice Market Size of Others (Cafes, Clubs, Restaurants, Etc.) (2017 to 2028) in USD Million
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