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Global Smart Lock Market Size study, by Type (Deadbolt, Lever Handles, Padlock, Others), by Application (Residential, Hospitality, Enterprise, Critical Infrastructure, Others), and Regional Forecasts 2021-2027

September 2021 | 200 pages | ID: G8E4BA22A370EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Smart Lock Market is valued at approximately USD 1.38 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 21.4 % over the forecast period 2021-2027. Smart locks are simple to operate and can connect to Wi-Fi, Bluetooth, or both. Smartphones are becoming an increasingly important aspect of people's lives in emerging markets. The market for mobile applications will increase at a large rate as the use of smartphones grows and more individuals purchase these electronic devices for everyday use. The increased need for smart locks is due to a rise in smart home adoption around the world, as well as an infusion of startups developing novel home automation technology. Industry participants concentrate on developing economically viable goods and innovative processes, such as remote locking and unlocking of doors, windows, and entrances. Furthermore, as the number of households with voice assistants continue to rise, manufacturers are connecting their products with these devices, allowing voice control of the locks. Customers are increasingly preferring innovative and convenient locking, thus such developments are predicted to gain a lot of popularity. Furthermore, throughout the projection period, an increasing number of new construction and renovation activities across North America and Asia Pacific are expected to generate significant market potential. In the medium term, rising raw material costs, along with the expanding presence of low-cost Asian suppliers in international markets, are projected to have an offsetting effect on the average selling price of smart locks. With the stabilisation of material costs, this tendency is expected to result in a sharp increase in price competitiveness. During the year 2020, IoT implementation to build touchless lock technologies has received enormous pace, as a result of which significant corporations are proposing solutions that require minimal human involvement. Kwikset released its expanded line of products with Microban SilverShield technology in March 2020, which helps to prevent bacterial growth on door hardware. However, security threats and system compromise may impede the market growth over the forecast years.

The regional analysis of the Global Smart Lock Market is segmented for the key regions such as North America, Europe, Asia Pacific, Latin America, and Rest of the World (ROW). North America is the dominating region across the world in terms of market share due to high technology adoption and rising penetration of smart homes in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to significant increase in the number of residential and commercial projects regarding smart city across APAC.

Major market player included in this report are:

Yale
Schlage
August Home
Kwikset
Goji
SDS Smart Locks
Mul-T-Lock
UniKey Technologies Inc.
Cansec Systems
Master Lock
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Deadbolt
Lever Handles
Padlock
Others
By Application:
Residential
Hospitality
Enterprise
Critical Infrastructure
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year –2018,2019
Base year –2020
Forecast period – 2021 to 2027.

Target Audience of the Global Smart Lock Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
  1.2.1. Smart Lock Market, by Region, 2019-2027 (USD Billion)
  1.2.2. Smart Lock Market, by Type, 2019-2027 (USD Billion)
  1.2.3. Smart Lock Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SMART LOCK MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SMART LOCK MARKET DYNAMICS

3.1. Smart Lock Market Impact Analysis (2019-2027)
  3.1.1. Market Drivers
    3.1.1.1. Increasing smart home penetration
    3.1.1.2. Proliferation of mobile technology
  3.1.2. Market Restraint
    3.1.2.1. Technological challenges and incumbent failures
  3.1.3. Market Opportunities
    3.1.3.1. A wider application base in non-residential segments

CHAPTER 4. GLOBAL SMART LOCK MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SMART LOCK MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Smart Lock Market by Type , Performance - Potential Analysis
5.3. Global Smart Lock Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Smart Lock Market, Sub Segment Analysis
  5.4.1. Deadbolt
  5.4.2. Lever Handles
  5.4.3. Padlock
  5.4.4. Others

CHAPTER 6. GLOBAL SMART LOCK MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Smart Lock Market by Application, Performance - Potential Analysis
6.3. Global Smart Lock Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Smart Lock Market, Sub Segment Analysis
  6.4.1. Residential
  6.4.2. Hospitality
  6.4.3. Enterprise
  6.4.4. Critical Infrastructure
  6.4.5. Others

CHAPTER 7. GLOBAL SMART LOCK MARKET, REGIONAL ANALYSIS

7.1. Smart Lock Market, Regional Market Snapshot
7.2. North America Smart Lock Market
  7.2.1. U.S. Smart Lock Market
    7.2.1.1. Type breakdown estimates & forecasts, 2018-2027
    7.2.1.2. Application breakdown estimates & forecasts, 2018-2027
  7.2.2. Canada Smart Lock Market
7.3. Europe Smart Lock Market Snapshot
  7.3.1. U.K. Smart Lock Market
  7.3.2. Germany Smart Lock Market
  7.3.3. France Smart Lock Market
  7.3.4. Spain Smart Lock Market
  7.3.5. Italy Smart Lock Market
  7.3.6. Rest of Europe Smart Lock Market
7.4. Asia-Pacific Smart Lock Market Snapshot
  7.4.1. China Smart Lock Market
  7.4.2. India Smart Lock Market
  7.4.3. Japan Smart Lock Market
  7.4.4. Australia Smart Lock Market
  7.4.5. South Korea Smart Lock Market
  7.4.6. Rest of Asia Pacific Smart Lock Market
7.5. Latin America Smart Lock Market Snapshot
  7.5.1. Brazil Smart Lock Market
  7.5.2. Mexico Smart Lock Market
7.6. Rest of The World Smart Lock Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Top Market Strategies
8.2. Company Profiles
  8.2.1. Yale
    8.2.1.1. Key Information
    8.2.1.2. Overview
    8.2.1.3. Financial (Subject to Data Availability)
    8.2.1.4. Product Summary
    8.2.1.5. Recent Developments
  8.2.2. Schlage
  8.2.3. August Home
  8.2.4. Kwikset
  8.2.5. Goji
  8.2.6. SDS Smart Locks
  8.2.7. Mul-T-Lock
  8.2.8. UniKey Technologies Inc.
  8.2.9. Cansec Systems
  8.2.10. Master Lock

CHAPTER 9. RESEARCH APPLICATION

9.1. Research Application
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Smart Lock Market, report scope
TABLE 2. Global Smart Lock Market estimates & forecasts by region 2018-2027 (USD Billion)
TABLE 3. Global Smart Lock Market estimates & forecasts by Type 2018-2027 (USD Billion)
TABLE 4. Global Smart Lock Market estimates & forecasts by Application 2018-2027 (USD Billion)
TABLE 5. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 6. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 7. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 8. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 9. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 10. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 11. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 12. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 13. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 14. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 15. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 16. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 17. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 18. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 19. Global Smart Lock Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 20. Global Smart Lock Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 21. U.S. Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 22. U.S. Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 23. U.S. Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 24. Canada Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 25. Canada Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 26. Canada Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 27. UK Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 28. UK Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 29. UK Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 30. Germany Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 31. Germany Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 32. Germany Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 33. France Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 34. France Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 35. France Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 36. Spain Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 37. Spain Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 38. Spain Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 39. Italy Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 40. Italy Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 41. Italy Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 42. ROE Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 43. ROE Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 44. ROE Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 45. China Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 46. China Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 47. China Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 48. India Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 49. India Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 50. India Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 51. Japan Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 52. Japan Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 53. Japan Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 54. Australia Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 55. Australia Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 56. Australia Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 57. South Korea Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 58. South Korea Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 59. South Korea Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 60. ROPAC Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 61. ROPAC Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 62. ROPAC Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 63. Brazil Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 64. Brazil Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 65. Brazil Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 66. Mexico Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 67. Mexico Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 68. Mexico Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 69. ROLA Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 70. ROLA Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 71. ROLA Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 72. ROW Smart Lock Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 73. ROW Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 74. ROW Smart Lock Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 75. List of secondary sources used in the study of global Smart Lock Market.
TABLE 76. List of primary sources used in the study of global Smart Lock Market.
TABLE 77. Years considered for the study.
TABLE 78. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Smart Lock Market, research methodology
FIG 2. Global Smart Lock Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Smart Lock Market, key trends 2019
FIG 5. Global Smart Lock Market, growth prospects 2020-2027
FIG 6. Global Smart Lock Market, porters 5 force model
FIG 7. Global Smart Lock Market, pest analysis
FIG 8. Global Smart Lock Market, value chain analysis
FIG 9. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 10. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 11. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 12. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 13. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 14. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 15. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 16. Global Smart Lock Market by segment, 2018 & 2027 (USD Billion)
FIG 17. Global Smart Lock Market, regional snapshot 2018 & 2027
FIG 18. North America Smart Lock Market 2018 & 2027 (USD Billion)
FIG 19. Europe Smart Lock Market 2018 & 2027 (USD Billion)
FIG 20. Asia-Pacific Smart Lock Market 2018 & 2027 (USD Billion)
FIG 21. Latin America Smart Lock Market 2018 & 2027 (USD Billion)
FIG 22. Global Smart Lock Market, company market share analysis (2019)


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