The global smart lock market will grow at an impressive 16% CAGR to touch the US$ 19 Billion mark through 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Smart Lock market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Smart Lock market.
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Key findings of the Smart Lock market study:
- Regional breakdown of the Smart Lock market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Smart Lock vendors in detail.
- Region-wise and country-wise fragmentation of the Smart Lock market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Smart Lock market.
Key Companies Profiled
- Assa Abloy AB
- Allegion Plc.
- Dorma + Kaba Holding AG
- Spectrum Brands Holdings Inc.
- Salto Systems S.L
- Onity Inc.
- Cansec Systems Ltd.
- Gantner Electronic GmbH
- Master Lock Company LLC
- MIWA Lock Co.
- Samsung Electronics Co. Ltd.
- Amadas Inc.
- Sentrilock LLC
- Avent Security
- Dessmann
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground
- In February 2021, Allegion Plc. introduced the new Schlage Ease™ range of smart locks that are easy to install and use, but with maximum features. These locks are available in either deadbolt or entry lock versions and offers affordable style, convenience and security with modern smart functionality for any home.
- In September 2021, ASSA Abloy has signed a definitive agreement to acquire the Hardware and Home Improvement (“HHI”) division of Spectrum Brands for a purchase price of MUSD 4300 on a cash and debt free basis.
Key Segments Covered in the Smart Lock Industry Analysis
- By Type
- Deadbolt Smart Locks
- Lever Handle Smart Locks
- Smart Padlocks
- Other Smart Locks
- By Application
- Residential Applications
- Hospitality Industry
- Smart Locks
- Critical Infrastructure
- Other Smart Locks Applications
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Queries addressed in the Smart Lock market report:
- Why are the Smart Lock market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Smart Lock market?
- Which regions are displaying the fastest growth in the Smart Lock market?
- What are the underlying micro- macroeconomic factors affecting the global Smart Lock market?
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