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Market Report Description
The Europe RFID Locks Market would witness market growth of 15.2% CAGR during the forecast period (2018 - 2024). Europe would be potential region, and the region would grow significantly due to presence of major market players. Product development, strategic alliances, partnerships and acquisitions, are some of the strategies used by the market players in the European region.
Construction activities are also widespread in the region. Countries such as the U.K., Germany, and France significantly contribute to the growth of the market in the region. Rapid adoption of data connectivity and medium penetration rate of access control devices in the region offers significant market opportunities.
Based on the Access Device, the RFID Locks market is segmented into Key Cards, Wearables, and Mobile Phone & Others. The Applications highlighted in this report include Hospitality, Transportation & Logistics, BFSI & Retail, Automotive & Manufacturing, Residential, Government & Defense and Others. Based on Countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co. Ltd, Nestwell Technologies, Honeywell International, Inc., Siemens AG, Assa Abloy Group, Dormakaba Holding AG, MIWA Lock Co, Dolphin RFID Pvt. Ltd., Salto Systems S.L. and Fortune Marketing Pvt Ltd.