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The future of the smart lock market looks promising with opportunities in the commercial, residential, institution and government, and industrial sectors. The smart lock market is expected to grow with a CAGR of 13% from 2019 to 2024. The major drivers for this market are growing security and safety concerns, enhanced features compared with traditional lock systems, and rising adoption of smartphones and other connecting devices.


A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of smart lock market report download the report brochure.


Smart lock market by segments

Smart lock market trends and forecast

Smart lock market share

 

The study includes a forecast for the smart locks market by lock type, communication protocol, end use industry, and region as follows:

By Lock Type [$M shipment analysis for 2013 – 2024]:
  • Deadbolts
  • Lever Handles
  • Padlocks
  • Other Lock

By Communication Protocol [$M shipment analysis for 2013 – 2024]:
  • Bluetooth
  • WiFi
  • Others

By End Use Industry [$M shipment analysis for 2013 – 2024]:
  • Commercial
  • Residential
  • Institutional and Government
  • Industrial

By Region [$M shipment analysis for 2013 - 2024]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • Rest of the World

Some of the smart lock companies profiled in this report include ASSA ABLOY, Allegion, Dormakaba Holding, Spectrum Brands, Salto Systems, Onity, Cansec Systems, Samsung Electronics, Haven Lock and Master Lock

Some of the features of smart lock Market Report: Trends, Forecast, and Opportunity Analysis include
  • Market size estimates: Smart lock market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various applications such as by lock type, communication protocol, end use industry and region
  • Regional analysis: Smart lock market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for smart lock in the smart lock market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, smart lock in the smart lock market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the smart lock market by lock type (deadbolts, lever handles, padlocks, other locks (knob locks, rim/mortise locks and rim cylinders, and rim latch locks), communication protocol (bluetooth, Wi-Fi, other protocols (Zigbee, Z-wave, thread, and NFC among others), end use industry (commercial, residential, institution & government, and industrial), and region (North America, Europe, Asia pacific (APAC), rest of the world (ROW))?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart lock market?
Q.5 What are the business risks and threats to the smart lock market?
Q.6 What are emerging trends in this smart lock market and the reasons behind them?
Q.7 What are of the changing demands of customers in the smart lock market?
Q.8 What are the new developments in the smart lock market? Which companies are leading these developments?
Q.9 Who are the major players in this smart lock market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this smart lock area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this smart lock market?
Table of Contents

1 Executive Summary

2 Industry Background and Classifications
2.1 Introduction, Background, and Classification
2.2 Supply Chain
2.3 Industry Drivers and Challenges

3 Market Trends and Forecast Analysis from 2013 to 2024
3.1 Macroeconomic Trends and Forecast
3.2 Global Smart Lock Market Trends and Forecast
3.3 Global Smart Lock Market by Lock Type
3.3.1 Deadbolts
3.3.2 Lever Handles
3.3.3 Padlocks
3.3.4 Other Locks (Knob locks, rim/mortise locks and rim cylinders, and rim latch locks)
3.4 Global Smart Lock Market by Communication Protocol
3.4.1 Bluetooth
3.4.2 Wi-Fi
3.4.3 Other Protocols (Zigbee, Z-Wave, Thread, and NFC, among others)
3.5 Global Smart Lock Market by End Use Industry
3.5.1 Commercial
3.5.2 Residential
3.5.3 Institution & Government
3.5.4 Industrial

4 Market Trends and Forecast Analysis by Region
4.1 Global Smart Lock Market by Region
4.2 North American Smart Lock Market
4.2.1 Market by End Use Industry: Commercial, Residential, Industrial, Institution and Government
4.2.2 Market by Lock Type: Deadbolts, Lever Handles, Padlocks, and other
4.2.3 United States Smart Lock Market
4.2.4 Canadian Smart Lock Market
4.2.5 Mexican Smart Lock Market
4.3 European Smart Lock Market
4.3.1 Market by End Use Industry: Commercial, Residential, Industrial, Institution and Government
4.3.2 Market by Lock Type: Deadbolts, Lever Handles, Padlocks, and other
4.3.3 German Smart Lock Market
4.3.4 Italian Smart Lock Market
4.3.5 The UK Smart Lock Market
4.4 APAC Smart Lock Market
4.4.1: Market by End Use Industry: Commercial, Residential, Industrial, Institution and Government,
4.4.2 Market by Lock Type: Deadbolts, Lever Handles, Padlocks, and other
4.4.3 Chinese Smart Lock Market
4.4.4 Indian Smart Lock Market
4.4.5 Japanese Smart Lock Market
4.5 ROW Smart Lock Market
4.5.1 Market by End Use Industry: Commercial, Residential, Industrial, Institution and Government,
4.5.2 Market by Lock Type: Deadbolts, Lever Handles, Padlocks, and other

5 Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Market Share Analysis
5.3 Operational Integration
5.4 Geographical Reach
5.5 Porter’s Five Forces Analysis

6 Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for the Global Smart Lock Market by Lock Type
6.1.2 Growth Opportunities for the Global Smart Lock Market by Communication Protocol
6.1.3 Growth Opportunities for the Global Smart Lock Market by End Use Industry
6.1.4 Growth Opportunities for the Global Smart Lock Market by Region
6.2 Emerging Trends in the Global Smart Lock Industry
6.3 Strategic Analysis
6.3.1 New Product Development
6.3.2 Capacity Expansion in the Global Smart Lock Market
6.3.3 Certification and Licensing
6.3.4 Mergers, Acquisitions and Joint Ventures

7 Company Profiles of Leading Players
7.1 ASSA ABLOY
7.2 Allegion
7.3 Dormakaba Holding
7.4 Spectrum Brands
7.5 Salto Systems
7.6 Onity
7.7 Cansec Systems
7.8 Master Lock
7.9 Samsung Electronics
7.10 Haven Lock

.

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Full Report: Smart Lock Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
142 figures/charts and 107 tables are provided in this 150 - page report
Lucintel has been in the business of market research and management consulting since 1998 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.

The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts.

Below is a brief summary of the primary interviews that were conducted by job function for this report.

Primary Interviews by Job Function Primary Interviews by Regions

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.



Lucintel's methodology for market research

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