Smart Lock Market Research Report, Size, Share, Trends, Growth, Top Key Players, Applications, Types, Product and Industry Analysis 2028

The Global Smart Lock Market research study published by Emergen Research is an extensive collection of insightful information about the Smart Lock Market industry. The report covers the Smart Lock Market segmentation along with a detailed outline of the Smart Lock Market size with regards to volume and valuation. The report provides comprehensive coverage of the Smart Lock Market scenario for the current period and forecast timeline of 2021-2028. The Smart Lock Market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

The global smart lock market size is expected to reach USD 8.87 billion in 2028 at a CAGR of 15.0% during the forecast period. Increasing need for safety and security of property, personal items, and other valuable items, rising adoption of smart home automation systems, growing preference for smart locks in commercial and corporate buildings, and rapid advancements in the smart lock technology are key factors expected to drive market revenue growth over the forecast period. Growing use of smart locks in hospitality sector to improve in-room security and to regulate access to authorized individuals in factories, airports, banks, and defense zones, among others are some other key factors fueling the revenue growth of the market.

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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Smart Lock market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

Companies profiled in the global Smart Lock market:

Assa Abloy AB, Allegion plc, dormakaba Holding AG, Spectrum Brands Holdings, Inc., SALTO Systems, Onity Inc., Samsung SDS, Panasonic Corporation, The Master Lock Company, and Godrej Group

Global Smart Lock Market Highlights:

Regional demand estimation and forecast

Product Mix Matrix

R&D Analysis

Cost-Benefit Analysis

Pre-commodity pricing volatility

Supply chain optimization analysis

Technological updates analysis

Raw Material Sourcing Strategy

Competitive Analysis

Mergers & Acquisitions

Location Quotients Analysis

Carbon Footprint Analysis

Patent Analysis

Vendor Management

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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

Segments Covered in this report are:

  • Lock Type Outlook (Revenue, USD Billion; 2018–2028)

    • Lever Handles
    • Deadbolts
    • Padlocks
    • Others

  • Authentication Method Outlook (Revenue, USD Billion; 2018–2028)

    • Pin code
    • Biometric
    • RFID Cards  

  • Communication Protocol Outlook (Revenue, USD Billion; 2018–2028)

    • Wi-Fi
    • Bluetooth
    • Others

Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

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Regional Outlook of Smart Lock Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

Research Report on the Smart Lock Market Addresses the Following Key Questions:

Who are the dominant players of the Smart Lock market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Smart Lock market?

What are the key growth drivers and restraining factors of the Smart Lock market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Smart Lock market and its key segments?

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