Global Smart Locks Market Insights, Forecast to 2025
Smart locks are widely available, and allow users to open & close a door without keys. Smart locks can provide people with a high level of safety that is not provided by typical locks and alarms.
Allegion, Kwikset (Spectrum Brands) and Master Lock (Fortune Brands) are the USA market leader. And just like ASSA ABLOY, Allegion continues to acquire peer companies to occupy more market share. In the Korean market, Samsung and ASSA ABLOY are the market masters. In Japan, MIWA Lock has absolute market share. August is a new enterprise in USA. In the future, August lock will be a strong contender.
Smart locks’ downstream is wide and recently smart locks have acquired increasing significance in various fields of household field, commerce field and others. Globally, the smart locks market is mainly driven by growing demand for household.
According to our research and analysis, manufacturers from USA and Europe are the major leaders in the international market of smart locks. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With the development of Chinese smart locks production technology, their share in the global market will continue to increase, and competitiveness in the global market will also increases gradually.
Global Smart Locks market size will increase to 2770 Million US$ by 2025, from 1950 Million US$ in 2018, at a CAGR of 5.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Smart Locks.
This report researches the worldwide Smart Locks market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Smart Locks breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ASSA ABLOY
Samsung
Allegion
Kwikset (Spectrum Brands)
MIWA Lock
Master Lock (Fortune Brands)
Guangdong Be-Tech
Adel
August
Honeywell
Jiangmen Keyu Intelligence
Tenon
Locstar
Probuck
Guangdong Level Intelligent Lock
Smart Locks Breakdown Data by Type
Fingerprint Locks
Electronic Cipher Locks
Remote Locks
Others
Smart Locks Breakdown Data by Application
Household
Commercial
Others
Smart Locks Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Smart Locks Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Smart Locks capacity, production, value, consumption, status and forecast;
To focus on the key Smart Locks manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Smart Locks :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Allegion, Kwikset (Spectrum Brands) and Master Lock (Fortune Brands) are the USA market leader. And just like ASSA ABLOY, Allegion continues to acquire peer companies to occupy more market share. In the Korean market, Samsung and ASSA ABLOY are the market masters. In Japan, MIWA Lock has absolute market share. August is a new enterprise in USA. In the future, August lock will be a strong contender.
Smart locks’ downstream is wide and recently smart locks have acquired increasing significance in various fields of household field, commerce field and others. Globally, the smart locks market is mainly driven by growing demand for household.
According to our research and analysis, manufacturers from USA and Europe are the major leaders in the international market of smart locks. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With the development of Chinese smart locks production technology, their share in the global market will continue to increase, and competitiveness in the global market will also increases gradually.
Global Smart Locks market size will increase to 2770 Million US$ by 2025, from 1950 Million US$ in 2018, at a CAGR of 5.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Smart Locks.
This report researches the worldwide Smart Locks market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Smart Locks breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ASSA ABLOY
Samsung
Allegion
Kwikset (Spectrum Brands)
MIWA Lock
Master Lock (Fortune Brands)
Guangdong Be-Tech
Adel
August
Honeywell
Jiangmen Keyu Intelligence
Tenon
Locstar
Probuck
Guangdong Level Intelligent Lock
Smart Locks Breakdown Data by Type
Fingerprint Locks
Electronic Cipher Locks
Remote Locks
Others
Smart Locks Breakdown Data by Application
Household
Commercial
Others
Smart Locks Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Smart Locks Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Smart Locks capacity, production, value, consumption, status and forecast;
To focus on the key Smart Locks manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Smart Locks :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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