Global Smart Lock Market Research Report 2022 (Status and Outlook)

Global Smart Lock Market Research Report 2022 (Status and Outlook)

Report Overview:

The Global Smart Door Lock Market Size was estimated at USD 1,172.5 million in 2022 and is projected to reach USD 4,449.2 million by 2027, exhibiting a CAGR of 18.4% during the forecast period. The rising smart home adoption across the globe and an influx of companies coming up with innovative home automation technologies are also responsible for the growing smart lock demand. Industry players focus on offering commercially viable products and developing advanced techniques, including remote locking/unlocking of entrances, doors, and windows. Moreover, since the number of households with voice assistants is continuously increasing, manufacturers are integrating their offerings with such devices, enabling the locks to be voice-controlled. Such innovations are expected to result in considerable traction among customers since they are increasingly seeking advanced and convenient locking/unlocking procedures.

The Global Smart Lock Market Size was estimated at USD 1128.06 million in 2021 and is projected to reach USD 5656.04 million by 2028, exhibiting a CAGR of 25.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Smart Lock market covering all its essential aspects. This ranges from macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps to shape the competition within the industries and strategies to the competitive environment in order to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of Global Smart Lock Market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Smart Lock market in any manner.

Global Smart Lock Market: Market Segmentation Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Market segmentation creates subsets of a market based on product type, end user or application, Geographic, and other factor. By understanding the market segments, decision maker can leverage this targeting in product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

ASSA ABLOY

Allegion

Dormakaba Group

Spectrum Brands

Samsung

MIWA Lock

Master Lock

KAADAS

LOOCK

DESSMANN

Guangdong Sakura Smart

Honeywell

Guangdong Be-Tech

SALTO

Nello

Locstar Technology Co., Ltd

ORVIBO

Guangdong AP Tenon Sci.& Tech.Co.,Ltd.

Hune

Guangdong Level Intelligent Lock Industrial Co., Ltd.

Market Segmentation (by Type)

Fingerprint Locks

Electronic Cipher Locks

Face Recognition Lock

Others

Market Segmentation (by Application)

Household

Commercial

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the market

Overview of the regional outlook of the market:

Key Reasons to Buy this Report:

Access to up to date statistics compiled by our own researchers. These provide you with historical and forecast data, which is analysed to tell you why your market is set to change

This enables you to anticipate market changes in order to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentation or other strategic documents

The concise analysis, clear graph and table format will enable you to pin point the information your require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Customization of the Report

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