Global Smart Locks Market Research Report 2020

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.
Currently, ASSA ABLOY, Allegion, Dormakaba Group, Spectrum Brands, Master Lock and MIWA Lock are the leaders of smart lock industry. ASSA ABLOY is a global leader. In 2018, the sale of ASSA ABLOY was 2063.5 k units, and the company holds a sales share of 8.51%. With the completion of ASSA ABLOY's integration of the US market leader, ASSA ABLOY will reach a 6.91% market share in 2019. Although several mergers and acquisitions have occurred in the past few years, the industry will not become more concentrated as more and more competitors join the industry.Global market is expected to witness significant growth on account of rising applications, so in the next few years, smart door locks production will show a trend of steady growth. In 2025 the sales volume of smart door locks is estimated to be 185 million units, and the consumption increasing degree will be high. On product prices, the fast downtrend in recent years will maintain in the future.

Market Analysis and Insights: Global Smart Locks Market
The global Smart Locks market is valued at 4116.5 million US$ in 2020 is expected to reach 23710 million US$ by the end of 2026, growing at a CAGR of 28.1% during 2021-2026.
Global Smart Locks Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Fingerprint Locks
Electronic Cipher Locks
Remote Locks
Other

Segment by Application
Household
Commercial

Global Smart Locks Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Smart Locks market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Smart Locks Market:

Competitive Landscape


This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include ASSA ABLOY, Allegion, Dormakaba Group, Spectrum Brands, Master Lock, MIWA Lock, Samsung, August, Sargent and Greenleaf, Dessmann, Guangdong Be-Tech, Honeywell, SALTO, Tenon, Locstar, nello, Jiangmen Keyu Intelligence, Adel, Guangdong Level Intelligent Lock, etc.

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.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

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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