Report cover image

Global Smart Lock Market Size, Trends & Growth Opportunity By Product (Padlocks, Lever Handles, Deadbolts), By Distribution Channel (Residential, and Commercial), By Region and Forecast till 2027

Publisher QualiKet Research
Published Feb 11, 2023
Length 146 Pages
SKU # QUA17762583

Description

Global Smart Lock Market Size, Trends & Growth Opportunity By Product (Padlocks, Lever Handles, Deadbolts), By Distribution Channel (Residential, and Commercial), By Region and Forecast till 2027.Global Smart Lock Market

The global smart lock market was valued at USD 1.2 billion in 2022 which is expected to reach USD 2.88 billion by 2027, at a CAGR 13.12% from 2022-2027.

Smart locks offer ease of use and work via either Wi-Fi, Bluetooth, or both. Increase in usage of smartphones is an integral part today’s lifestyle in developing economics. Rise in penetration of smartphones and more users acquire electronic devices for everyday use which is expected to drive the global smart lock market growth.

Market Drivers

The rise in investments in research and development activities by key competitors is the key driving factor that is expected to propel the global smart lock market's growth. Furthermore, an increase in the adoption of advanced technologies like the Internet of Things (IoT), which is expected to boost the growth of the global smart lock market. Moreover, the increase in the number of smartphones and the growing popularity of smart technology will have a positive impact on the growth of the global smart lock market. Also, an increase in awareness regarding security and safety concerns will fuel the smart lock market's growth.

Market Restraints

However, high cost of devices is the major restraining factor which is expected to hamper the growth of global smart lock market. Also, lack of awareness among customers will affect the global smart lock market's growth.

Market Segmentation

The global smart lock market is segmented by product type, such as padlocks, lever handles, deadbolts, and others, and by technology, such as Wi-Fi and Bluetooth. Further, the global smart lock market is segmented into end users, such as residential and commercial.

Regional analysis Also, the global smart lock market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Market Key Players

Various key players are discussed in this report such as Master Lock Company LLC, Gantner Electronic GmbH, Cansec Systems Ltd., Onity, Inc., Salto Systems S.L., Spectrum Brands Holdings, Inc., Dorma+Kaba Holding AG, Allegion Plc , and ASSA ABLOY AB

Market Taxonomy

By Product Type
  • Padlocks
  • Lever Handles
  • Deadbolts
  • Others
By Technology
  • Wi-Fi
  • Bluetooth
By End User
  • Residential
  • Commercial
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Table of Contents

146 Pages
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Lock Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Lock Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Smart Lock Market Share Analysis, By Product Type
5.3 Global Smart Lock Market Size and Forecast, By Product Type
5.3.1 Padlocks
5.3.2Lever Handles
5.3.3 Deabolts
5.3.4 Others
6 Global Smart Lock Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Smart Lock Market Share Analysis, By Technology
6.3 Global Smart Lock Market Size and Forecast, By Technology
6.3.1 Wi-Fi
6.3.2 Bluetooth
7 Global Smart Lock Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Smart Lock Market Share Analysis, By End User
7.3 Global Smart Lock Market Size and Forecast, By End User
7.3.1 Residential
7.3.2 Commercial
8Global Smart Lock Market, By Region
8.1 Global Smart Lock Market Share Analysis, By Region
8.2 Global Smart Lock Market Share Analysis, By Region
8.3 Global Smart Lock Market Size and Forecast, By Region
9 North America Smart Lock Market Analysis and Forecast (2022–2027)
9.1 Introduction
9.2 North America Smart Lock Market Share Analysis, By Product Type
9.3 North America Smart Lock Market Size and Forecast, By Technology
9.4 North America Smart Lock Market Size and Forecast, By End User
9.5 North America Smart Lock Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Smart Lock Market Analysis and Forecast (2022–2027)
10.1 Introduction
10.2 Europe Smart Lock Market Share Analysis, By Product Type
10.3 Europe Smart Lock Market Size and Forecast, By Technology
10.4 Europe Smart Lock Market Size and Forecast, By End User
10.5 Europe Smart Lock Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Smart Lock Market Analysis and Forecast (2022–2027)
11.1 Introduction
11.2 Asia Pacific Smart Lock Market Share Analysis, By Product Type
11.3 Asia Pacific Smart Lock Market Size and Forecast, By Technology
11.4 Asia Pacific Smart Lock Market Size and Forecast, By End User
11.5 Asia Pacific Smart Lock Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Smart Lock Market Analysis and Forecast (2022 –2027)
12.1 Introduction
12.2 Latin America Smart Lock Market Share Analysis, By Product Type
12.3 Latin America Smart Lock Market Size and Forecast, By Technology
12.4 Latin America Smart Lock Market Size and Forecast, By End User
12.5 Latin America Smart Lock Market Size and Forecast, Country
13Middle East Smart Lock Market Analysis and Forecast (2022–2027)
13.1 Introduction
13.2 Middle East Smart Lock Market Share Analysis, By Product Type
13.3 Middle East Smart Lock Market Size and Forecast, By Technology
13.4 Middle East Smart Lock Market Size and Forecast, By End User
13.5 Middle East Smart Lock Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Master Lock Company LLC,
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Gantner Electronic GmbH
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Cansec Systems Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Onity, Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Salto Systems S.L
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Spectrum Brands Holdings, Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Dorma+Kaba Holding AG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Allegion Plc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 ASSA ABLOY AB
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us