Global Smart Locks Market Growth 2023-2029

Global Smart Locks Market Growth 2023-2029

Smart door locks are widely available, and allow users to open & close a door without keys. Smart door locks can provide people with a high level of safety that is not provided by typical locks and alarms.

LPI (LP Information)' newest research report, the “Smart Locks Industry Forecast” looks at past sales and reviews total world Smart Locks sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Locks sales for 2023 through 2029. With Smart Locks sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Locks industry.

This Insight Report provides a comprehensive analysis of the global Smart Locks landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Locks portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Locks market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Locks and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Locks.

The global Smart Locks market size is projected to grow from US$ 5025.4 million in 2022 to US$ 6491.3 million in 2029; it is expected to grow at a CAGR of 6491.3 from 2023 to 2029.

Global key players of smart lock include ASSA ABLOY, Allegion, Kaadas, Dormakaba Group, Samsung, etc. The top five players hold a share about 37%. Asia Pacific is the largest market, has a share about 52%, followed by Europe and North America, with share 24% and 19%, separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Locks market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Electronic Cipher Locks
Fingerprint Locks
Remote Locks
Others

Segmentation by application
Household
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ASSA ABLOY
Allegion
Dormakaba Group
Kaadas
LOOCK
Spectrum Brands
Samsung
MIWA Lock
Master Lock
Dessmann
Guangdong Yinghua Intelligent
Guangdong Be-Tech
Honeywell
SALTO
ORVIBO
Nello
Jiangmen Keyu Intelligence
Locstar
Tenon
Guangdong Level Intelligent Lock
ALPHA Corporation
GOAL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Locks market?

What factors are driving Smart Locks market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Locks market opportunities vary by end market size?

How does Smart Locks break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.