Luxury Furniture Market: Future Forecast Assessed on the basis of how the Market is Predicted to Grow

The global luxury furniture market basis its soaring profits on unwavering branding and marketing strategies. The steady rise of this market can be attributed to the legacy of designer furniture brands and their art-like collections. Transparency Market Research predicts that the global market is poised to see newer heights in the coming years as the number of high net worth individuals is increasing.

The research report states that the global luxury furniture market is likely to be worth US$22,937.6 mn by the end of 2017, only to reach US$29,496.7 by the end of 2022. Between the years of 2017 and 2022, the global market is slated to register a steady a CAGR of 5.2%.

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Urbanization and Improving Disposable Incomes Stir Market Growth

Rapid urbanization and increasing disposable incomes have been extremely important for the soaring profits of the global market. In the coming years, growing number of commercial spaces such as restaurants, hotels, and clubs are likely to be key end users of luxury furniture items as they persistently try to create luxurious experience for the customer.

Entry of various designers, focus on providing an opulent lifestyle choice to the end user, and a higher awareness about the artistic value of the luxury furniture have also been identified as the important growth drivers for the global market.

Wood Trumps over other Materials to Lead the Global Luxury Furniture Market

Out of the various types of materials used for making luxury furniture, the wooden luxury furniture is likely to sell the most in the coming years. The higher aesthetic value, monetary value, and durability of wood makes it the most preferred material in the luxury furniture market. Between the forecast years of 2017 and 2022, this material segment is estimated to register a CAGR of 5.8%. The other materials used for making luxury furniture goods are metal, glass, and leather.

The end users of the luxury furniture are commercial spaces and residential units. The study estimates that commercial spaces are likely generate higher revenue for the overall market as they are the obvious big buyers. Hotels, restaurants, resorts, holiday homes, and luxury stores are some of the key end users of the luxury furniture. Thus, the emergence of these spaces is likely to have a positive impact on the global market.

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Europe Emerges as Leading Regional Market at 5.1% CAGR

Geographically, the global luxury furniture market is segmented into Europe, Asia Pacific, Latin America, Western and Eastern Europe, Asia Pacific, Japan, and the Middle East and Africa. Of these, Europe is anticipated to the lead the pack, registering a steady CAGR of 5.1% over the forecast period.

On the other hand, China is projected to be the key player in the Asia Pacific region due to growing urbanization and improving disposable incomes. The hospitality sector of the Middle East has been identified as a region that will provide the global market many lucrative opportunities in the near future.

Some of the leading players operating in the global luxury furniture market are Nella Vetrina, Muebles Pico, Scavolini S.p.A., Laura Ashley Folding PLC, Henredon Furniture Industries Inc., Iola Furniture Ltd, Turri S.r.l, Giovanni Visentin srl, and Heritage Home Group LLC. These players are investing in product differentiation through state-of-art designing to stay ahead of the competition.

Organic Personal Care Market : Structure and Overview of Key Market Forces Propelling Market

The organic personal care market has made rapid progress in the recent past to emerge as a vital offshoot of the global cosmetics sector. The organic personal care market has originated due to the growing demand from consumers for organic products in all fields including cosmetics and is likely to remain a major part of the cosmetics sector in the coming years due to rising awareness among consumers.

The organic personal care market has seen the entry of several established players in the FMCG sector as well as the entry of several new players thanks to the immense commercial scope of the market and is likely to remain a promising commercial avenue in the coming years.

The global organic personal care market was valued at US$10.9 bn in 2017 and is expected to rise to US$18.7 bn by 2022 at a strong 11.3% CAGR therein.

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Hair Care Products to Remain Dominant Product Segment

The global organic personal care market is segmented by product type into hair care products, skin care products, makeup and color cosmetics, fragrances, and others. Of these, hair care products are likely to remain the dominant revenue generator for the global organic personal care market in the coming years.

The hair care products segment has benefited from their widespread demand and growing need due to rising pollution levels and is likely to retain steady dominance in the global organic personal care market in the coming years.

The hair care segment of the organic personal care market was valued at US$3.3 bn in 2017 and is likely to rise to US$5.7 bn by 2022 at a robust 11.3% CAGR therein. Skin care products are also likely to claim a significant share in the global organic personal care market.

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North America to Dominate due to Presence of Widespread Sales Network

Geographically, North America is likely to dominate the global organic personal care market in the coming years. The North America organic personal care market was valued at US$3.4 bn in 2017 and is expected to rise to US$5.8 bn by 2022, accounting for close to a third of the global market.

Europe to Exhibit Steady Progress due to Growing Popularity of Organic Products

Europe is another key regional market for the global organic personal care market due to the growing awareness in the region about the benefits of organic cosmetic products over conventional products. European consumers have been a key part of the growth of the organic products sector in recent years and are likely to continue this role with steady demand from the organic personal care market.

The Europe organic personal care market is likely to be valued at US$5.1 bn by 2022, exhibiting a 10.4% CAGR in the 2017-2022 forecast period.

Competitive Dynamics

Leading players in the global organic personal care market include Johnson and Johnson Consumer Inc., The Body Shop, Amway, Estee Lauder, Kao Corporation, L’Occitane en Provence, Natura Cosmeticos SA, The Hain Celestial Group, Kiehl’s, and Loreal SA.

Smart Fabrics Market: Pin-Point Analysis For Changing Competitive Dynamics

The global smart fabrics market is prognosticated to be pampered by a surge in demand on the back of the rising prominence of the miniaturization of electronics and growth of the wearable electronics sector. There is a soaring demand for smarter and more sophisticated gadgets gaining impetus from the emergence of smart technology. The market could invite a lucrative growth while riding on the rapid advancement of economical smart wireless sensor networks.

The global smart fabrics market is anticipated to rise at a 19.6% CAGR during the forecast period 2017–2022. By the concluding forecast year, the market could be valued at a US$5.5 bn from a US$2.2 bn achieved in 2017.

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Passive Smart Fabrics Set Tone for Remarkable Growth with Larger Share

The world smart fabrics market is forecasted to witness a segmentation according to product, application, and function, where each category could incorporate a leading segment providing a strong boost to market growth in the near future. Products such as ultra-smart fabrics, active smart fabrics, and passive smart fabrics could help the market cement its growth in the coming years.

By application, there could be several opportunities taking shape in the world smart fabrics market. Segments such as sports and fitness, medical and healthcare, automotive and transportation, protection and safety/military, fashion and entertainment, home and architecture, and other applications could be crucial for the growth of the market.

According to the segmentation by function, the world smart fabrics market is projected to look up to energy harvesting, sensing, thermoelectricity, luminescent, and other functions for a rise in demand.

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North America Controls Market with Higher Revenue Trend throughout 2017–2022

If the geographical segmentation of the international smart fabrics market is concerned, players are envisaged to find promising prospects in North America, which could secure a topmost position in the next few years. This region could expand at a CAGR of 18.5% during the course of the forecast timeframe.

APEJ is predicted to register a faster CAGR of 25.7% whereas Europe with a US$1.4 bn revenue foreseen to be earned in 2022 could be another attractive region for the international smart fabrics market.

Japan and the MEA are foretold to showcase a lethargic growth in the international smart fabrics market until 2022. Japan accounted for a 10.3% market share in 2017. Furthermore, it could lose 123 basis points (BPS) in its share by the final forecast year.

Some of the dominant players in the worldwide smart fabrics market could be Adidas AG, Nike, Inc., Outlast Technologies LLC, Milliken & Company, and Oneill Wetsuits L.L.C.

Tea Market : Structure and Overview of Key Market Forces Propelling Market

Tea is one of the most frequently consumed beverages across the world. The medicinal benefits – it contains phytochemicals, flavonoids, and antioxidants, which help to maintain a healthy functioning of the human body – associated with tea have kept its demand high over time. The pool of tea consumers has been witnessing a continuous rise, globally, owing to which, the global tea market is anticipated to experience a high growth over the forthcoming years.

In 2016, the market stood at US$12.45 bn. Researchers estimate the opportunity in this market to rise at a CAGR of 5.70% between 2017 and 2025 and attain a value of US$20.03 bn by the end of the forecast period.

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Mass Tea Segment to Remain on Top in Global Tea Market

Broadly, the global market for tea is evaluated on the basis of the products and the type of products available across the world. Tea is primarily found in two types: Mass tea or traditional tea and premium/specialty tea. As the name suggests, mass tea is consumed by the mass, which means, the consumption volume of the mass tea segment is much higher than the premium specialty tea segment. With the cost-efficiency it offers, the segment is expected to continue its growth streak over the next few years.

The demand for premium/specialty tea is also rising at a steady rate across the world. Premium/specialty tea, including yellow tea, white tea, oolong tea, and several ready-to-drink tea, is prepared by infusing various organic ingredients and flavors to the traditional tea. Considering its health benefits and high quality, specialty tea are very expensive in comparison with mass tea.

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Asia Pacific to Maintain Dominance over Global Market

The global tea market is also assessed on the basis of region, that is, Asia Pacific, North America, the Middle East and Africa (MEA), Europe, and South America. Asia Pacific has been leading the global market over the last few years and is anticipated to maintain its dominance in the near future as tea is the most common and popular hot beverage in various economies in this region, such as India, Singapore, China, Japan, Thailand, Hong Kong, Australia.

North America and Europe are also projected to register a high rise in their respective tea markets over the forthcoming years, thanks to increasing awareness among consumers regarding the benefits of tea on health.

Starbucks, Kusmi Tea, Associated British Foods Plc., Peet’s Coffee & Tea, Tata Global Beverages, DAVIDs Tea, Unilever Plc., and Tea Forte are some of the leading tea vendors across the world.

Socks Market: An Array of Graphics and Analysis of Major Industry Segments

The global socks market was valued at US$42.07 bn in 2016 and it is expected to expand at a CAGR of 6.7% from 2017 to 2025. Although an integral part of the apparel industry, the socks market holds a negligible part in the market dynamics of the apparel industry.

The lower share of the socks market in the backdrop of the apparel industry can be attributed to low volume and large percentage of the market being unorganized.

However, taking the market growth rate into consideration, the socks market is projected to experience robust growth during the forecast period in contrast to the apparel industry in general. The rising demand for socks is primarily driven by improving fashion trends and the growing retail sector.

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Developing Countries of Asia Pacific to Remain Dominant in Global Socks Market

In 2016, Asia Pacific led the socks market and the region is expected to maintain its dominance throughout the forecast period. High demand for socks in this region is attributed to the large population and increasing population growth.

Moreover, rising number of retail outlets in the region especially in economies such as China, India, Malaysia, and Singapore are expected to further boost the sales of socks.

However, Europe, the fashion power house of the world is expected to lose considerable market share. Declining industrial growth and disposable income fueled by slow economic growth is projected to affect the overall apparel industry.

The global socks market by product type is categorized into specialty socks, athletic socks, trouser socks, women’s socks, casual socks, and multiple toe socks. Casual socks dominated the socks market in 2016, accounting for more than one third of the market share.

Natural Fibers to be Extensively Used for Socks Production

The global socks market has also been segmented by the materials used for production. The socks market is thus categorized into nylon, cotton, polyester, wool, waterproof breathable membrane, and others. The demand for natural fibers such as cotton is considerable high for socks manufacturing. Request Sample @

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The demand for natural fiber material for manufacturing of socks is relatively high in developed economies owing to sustainability of natural fibers. However, natural fibers are expected to lose considerable market share to synthetic fibers such as nylon and polyester.

The demand for socks manufactured from synthetic or manmade fibers are relatively high in developing economies owing to their low price. Waterproof breathable membrane are hybrid materials and used for manufacturing waterproof socks for industrial application or for casual use during the rainy season.

Key players

Key players in socks market with most significant product portfolio include Adidas A.G., Nike Inc., Puma S.E., Renfro Corporation, Asics Corporation, THORLO, Inc., Balega, Drymax Technologies Inc., Hanesbrands Inc. and Under Armour, Inc. The socks market is highly competitive with the presence of both global and regional manufacturers. The threat of new entrants is also relatively high owing to low manufacturing cost.

Vacuum Cleaner Market: Technological Growth Map Over Time To Understand the Industry Growth Rate

Growing industrialization has led to an upsurge in demand for quick methods of cleaning household. Busy lifestyles has led the customers to opt for faster methods of cleaning the household. As some of the houses have more than one stories, traditional methods of cleaning in lesser time becomes comparatively tough. Dirty floor and houses can significantly impact health of the customers globally.

Adoption of the vacuum cleaners enables the end users to save time for the customers who have busy timetable. Bound to these factors, adoption of the vacuum cleaners will continue to increase among the customers with busy schedule.

According to Transparency Market Research, the global vacuum cleaners market is expected to represent a value of over US$ 29,000 Mn by the end of 2026.

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Harmful Cleaning Chemicals to Impact Market Growth

While there are various alternatives for cleaning the house and floors, customers prefer adopting the vacuum cleaners. As the chemical ingredients used for cleaning purposes are proving to be hazardous for the health of the infants, pets and toddler, customers are increasingly adopting the vacuum cleaners for cleaning the floors. Moreover, use of the chemical ingredients further continue to emit carcinogenic particles in the air. These chemicals continue to remain harmful to the health of the customers globally.

Technological Advancements to Boost Demand

The robotic vacuum cleaners continue to witness increasing demand among the customers attributed to various advanced features. The vacuum cleaners are equipped with the sensors that smartly track the sequential path in order to avoid obstacles while cleaning the floor. Moreover, the robotic vacuum cleaners operate on the power supply when the battery charge runs out.

Robotic vacuum cleaners that are integrated with advanced technology offer the most convenient cleaning experience to the customers. Bound to these factors, demand for the robotic vacuum cleaners continue to increase in the global market.

However, various factors are expected to inhibit growth of the global vacuum cleaners market during the forecast period. Stringent regulations imposed by the government organizations is expected to inhibit growth of the global vacuum cleaners market.

In order to implement the new energy label rule for vacuum cleaners, the European Union is planning to impose regulations against those vacuum cleaners that are more powerful than 900 W. These factors will continue to inhibit growth of the global vacuum cleaners market during the forecast period.

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Canister Products to Generate Significant Revenues

With the growing need for cleaning the carpets and floor quickly, demand for the canister vacuum cleaners are expected to increase. On the basis of product type, the canister segment is expected to generate significant revenues, recording a value of over US$ 2,000 Mn by the end of 2026. However, the autonomous/robot product type segment is expected to witness a robust CAGR throughout the forecast period.

Competition Tracking

Leading market players in the global vacuum cleaners market include Haier Group Corp., AB Electrolux, Samsung Electronics Co., Ltd., LG Electroncis, Inc., Dyson Ltd., Samsung Electronics Co., Ltd., iRobot Corporation, Bissell Inc., Koninklijke Philips, N.V., Panasonic Corporation and Techtronic Industries.

Outdoor Furniture Market: Recent Industry Developments and Growth Strategies Adopted by Players

Outdoor furniture are designed specifically for outdoor use, and made from weather-resistant materials in order to prevent corrosion. Different types of outdoor furniture include chairs, seating sets, tables, dining sets, and loungers & daybeds. The main purpose of outdoor furniture is to offer appropriate décor, and comfort.

Government Initiatives in Creating Open Spaces to Increase Demand for Outdoor Furniture

Over the past few years, urbanization has gained an immense upsurge, along with rapid growth of the real estate industry. Growing number of hospitality industries, office spaces, public gardens, and open-air sports areas have entailed huge demand for outdoor furniture across the globe. In addition, increased integration of various attributes such as aesthetics and light-weight have further accelerated the adoption of outdoor furniture in residential as well as commercial spaces.

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The global market for outdoor furniture will register a steady expansion over the forecast period 2017 to 2022, according to Transparency Market Research’s (TMR) recently published report. Global sales of outdoor furniture are estimated to account for over US$ 1,600 Mn revenues by 2022-end.

APEJ will Continue to Account for Largest Revenue Share of the Market

Asia-Pacific excluding Japan (APEJ) will continue to account for the largest revenue share of the global outdoor furniture market. However, the market in Europe will increase at a CAGR higher than the market in APEJ through 2022, with France, The U.K., and Germany anticipated to lead in terms of this region’s overall demand for outdoor furniture.

Based on material, sales of metal and wood are expected to witness a parallel expansion through 2022. However, wooden outdoor furniture will remain more lucrative than the outdoor furniture made from metal, in terms of revenues. In addition, sales of textile-based outdoor furniture will witness a slightly faster expansion than those made from metal and wood through 2022.

Chairs are expected to remain sought-after among products in the market, with sales poised to bring in nearly US$ 3,500 Mn revenues by 2022-end. Dining sets and seating sets are anticipated to be the fast-selling products in the market. Revenues from sales of dining sets and seating sets will account for over one-fourth revenue share of the market in 2017. Both these product type segments will witness a significant rise in demand over the forecast period.

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E-Commerce to be Fastest Expanding Sales Channel for Outdoor Furniture

E-commerce is expected to emerge as the fastest expanding sales channel for outdoor furniture, followed by discount stores and rental stores. However, retail stores and direct to consumer segments based on sales channel are anticipated to lead the market in terms of revenues. Revenues from e-commerce sales channel will also account for a major share of the market over the forecast period.

On the basis of end-users, residential segment is projected to hold roughly half revenue share of the market during 2017 to 2022. This can be mainly attributed to increase in housing sales across the globe. The largest revenue share of outdoor furniture sales to residential end-users will be accounted by APEJ. Sales of outdoor furniture to commercial end-users are expected to exhibit a moderate expansion through 2022.

Competition Tracking

The global market for outdoor furniture is highly diversified and competitive. In a bid to position themselves as energy-efficient and environment-friendly stores, vendors in the market are increasingly concentrating on furnishing items in retail space, and launching handcrafted furniture.

Key players identified by TMR’s report on the global outdoor furniture market include Agio International Co., Inc., Ashley Furniture Industries, Inc., Brown Jordan International, Inc., Century Furniture LLC, Inter Ikea Systems B.V., Kimball International, Inc., La-Z-Boy Incorporated, Steelcase Inc., Herman Miller Inc., and HNI Corporation.

Africa Printer Market Emerging Market Trends, Size, Share and Growth Analysis

A new Transparency Market Research report states that the Africa printer market was estimated at US$2,300.0 million in 2012 and is predicted to reach US$4,181.3 million by 2019, expanding at an 8.8% CAGR between 2013 and 2019. The title of the report is “Africa Printer Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”.The economy in African countries is witnessing exponential growth in demand for printer technologies owing to rising energy investments and due to growth of the sector of communication and information technology. As per the African Development Bank, more than one-third of the countries in Africa hold a GDP growth rate greater than 6%. This increased growth rate has attracted global manufacturers of printers to the developing economies in Africa owing to the inconsistency in the demand for these printers globally.

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As per the report, the rise in demand for multifunction printers (MFP) in mid-sized enterprises (SMEs), small and corporate enterprises, and in government agencies has fuelled the printer market in Africa. In addition, the reduced prices of printers are also augmenting their demand in Africa. On the other hand, the transferring of the workflow to the electronic format from hard copy is a key factor impeding the growth of the market

On the basis of product type, the market for printers in Africa is segmented into lasers, inkjets, and dot-matrix printers. Amongst these, in 2012, laser printers were the biggest segment in terms of revenue share. Laser printers have surfaced as the major technology that is being utilized in MFPs. Hence, the increasing demand from the corporate segment for MFPs is helping the market for laser printers in Africa. Dot-matrix technology is witnessing growth in demand from applications that prioritize low cost of printing over the quality of the print. On the basis of end users, the market for printers in Africa is segmented into the education sector, enterprise and corporate, printing industry/media, the public sector, and the consumer sector, which includes home office users and small office users, among others.

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On the basis of geography, the printer market in Africa is segmented into ten key countries, namely Angola, South Africa, Madagascar, Botswana, Zambia, Namibia, Zimbabwe, Mozambique, Tanzania, and Rest of Africa (RoA). Amongst these, in 2012, South Africa was the biggest market and represented a share of 20.8% in the total market for printers in Africa. The rise in demand for managed print services in addition to MFP as well as large format printers have propelled the demand for printers in South Africa.On the other hand, Botswana is witnessing exponential growth in industries such as banking and finance and telecom. Botswana is predicted to account for growing demand from the Africa printer market, due to the rising preference for MFPs and laser color printers.Canon, Inc., Brother Industries, Ltd., Hewlett-Packard Development Co. LP, Seiko Epson Corp., and Samsung Electronics Co. Ltd. are amongst the prominent players in the market for printers in Africa.

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Africa Printer Market Analysis, by Type

Laser printer

Inkjet printer

Dot-matrix printer

Africa Printer Market Analysis, by Country

South Africa

Angola

Botswana

Madagascar

Namibia

Zambia

Tanzania

Zimbabwe

Mozambique

Rest of Africa

Commercial Air Conditioning Systems (VRF) Market Emerging Market Trends, Size, Share and Growth Analysis

According to a recent publication by Transparency Market Research (TMR), “Commercial Air Conditioning Systems Market – U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, the U.S.commercial air conditioning market in the U.S. is projected to reach US$10,251.3 million by 2019, increasing from US$7,251.7 million in 2012. By revenue, the market will demonstrate a 5.2% CAGR from 2013 to 2019 and by volume, the market will grow at a 1.9% CAGR.TMR analysts state that worldwide, the commercial air conditioning systems market is experiencing substantial growth post the 2008 economic recession. Revival of construction activities post-recession and increased importance of adoption of energy-efficient technologies due to climate variations are the major factors boosting the global and U.S. commercial air conditioning market.Additionally, increasing adoption of variable refrigerant flow (VRF) air conditioning technology in the U.S. will accentuate the overall market for commercial air conditioning.

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Further, late adoption of VRF in the U.S. has opened new opportunities for existing players, who have rapidly adapted to the demand for energy-efficient systems and are deploying VFR as an alternate solution, as stated by TMR analysts.The TMR study segments the U.S. commercial air conditioning market by product type into split systems, portable systems, window systems, single packaged systems, and other systems. Among all, split systems and single packaged systems are poised for healthy growth, with the two collectively accounting for 77.4% of the market in 2012. The main reason for growth of split systems is increasing usage of non-ducted systems owing to the flexibility, energy efficiency, and easy installation of the product type.

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By technology, VRF systems are steadily establishing a foothold in the U.S. commercial air conditioning market. VRF systems offers the advantage of customizable temperature control for private, commercial, public, and industrial spaces for indoor environments, as pointed out in the research report.However, with the revival of the construction sector and standardization of VFR technology in the U.S., the adoption of the technology has eased in the commercial sector.Commercial air conditioning systems in U.S. find application in public, private, and industrial sectors. Amongst all, the private sector was the highest revenue generator in the market in 2012 on account of increased expenditure on energy-efficient systems in residential buildings and construction of new residential units.

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Development in the construction sector positively impacts the commercial air conditioning systems market, with HVAC (heating, ventilation and air-conditioning) systems accounting for most of the revenue generated from new construction.Also included in the research report are profiles of key players in the U.S. commercial air conditioning market: Mitsubishi Electric Corporation, United Technologies Corporation, and Fujitsu General Pty Ltd., which collectively accounted for more than 50% of the market in 2012.

Electronic Access Control Systems Market Emerging Market Trends, Size, Share and Growth Analysis

The global electronic access control systems market is expected to develop at a CAGR of 12.6% from 2014 to 2019. Consistency in this growth rate will allow the market to reach US$31.188 billion in 2019. The global access control systems market was worth US$15.406 billion in 2013, according to a research released by Transparency Market Research. The report titled “Electronic Access Control Systems Market Global Forecast, Market Share, Size, Growth and Industry Analysis, 2014 – 2019” explores the global access control systems market in detail to provide accurate forecasts regarding the market’s growth prospects.

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The key driver of the global electronic access control systems market is the growing rate of criminal activities and terror attacks on especially public and government locations. Private facilities and homes are targeted as well, making the global electronic access control systems needed in an even greater level today.

The global electronic access control systems market is a part of the global security market, and therefore has to compete with other security features and services to grow in terms of revenue. Key attributes that will attract consumers to the global electronic access control systems market, according to the report, are its high accuracy and efficiency in time, cost, and convenience.

Government bodies that are seeking superior security systems to negate fraudulent entries, criminal activities, and even illegal immigration, can find the tools and services for them through the global electronic access control systems market.

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The largest segment in the global electronic access control systems market for 2013 was authentication systems, which exhibited a CAGR of 12.6% between 2009 and 2013. By the end of 2013, this segment had generated a revenue of US$11.7 billion.

The report’s geographical segmentation of the global electronic access control systems market reveals the Asia Pacific to have the highest CAGR of 16.7% within the report’s forecast period. The Asia Pacific electronic access control systems market is expected to be worth US$9.6 billion by 2019.

The largest end user in the global electronic access control systems market in 2013 was the commercial sector. This segment was previously developing at a CAGR of 13.9% from 2009 to 2013 to be worth US$4.6 billion by 2013.

The major players in the global electronic access control systems market are the ones that provide all services available in the market. This list of companies includes Cisco Systems, Inc., Godrej Industries Limited, Tyco International Ltd., and United Technologies Corporation.

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Companies that operate in the global electronic access control systems market while providing services and products in only two of the three market categories are Honeywell International Inc., Panasonic Corporation, 3M Cogent, Inc., and Safran SA. Other market players are Everspring Industry Co., Ltd., DigitalPersona, Inc., Magal Security Systems Ltd., Hitachi Ltd., and Siemens AG.