Smart Lock Market Analysis By Type (Deadbolt, Lever Handle, Padlock), By Application (Residential, Hospitality, Enterprise, Critical Infrastructure), And Segment Forecasts To 2024

  • ID: 3934168
  • Report
  • 92 pages
  • Grand View Research
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The global smart lock market size is anticipated to reach USD 24.20 billion by 2024. The increasing awareness regarding the secure home solutions and a steady rise in the portable connected smart devices adoption complemented by the Bring Your Own Device (BYOD) trend surfacing across emerging and developed economies are the key factors expected to impel the market growth over the forecast period.

Increasing need for dynamic unlocking mechanism is the prime factor anticipated to drive the market over the forecast period. Cloud-based lock management solutions and home access are expected to present considerable growth opportunities to this industry. Smartphones, tablets, key fobs are increasingly being integrated with access to various locking functions which is expected to further boost market growth. The rising use of technologies such as Near Field Communication (NFC), low-power Bluetooth, and ZigBee/ Z-wave, for accessing locks is anticipated to make the growth prospects for this market very bullish.

However, the issues related to high R&D costs are expected to challenge the growth of the market. In addition, the surging adoption of inexpensive electromechanical door locks that provide enhanced security as compared to the customary mechanical locks is expected to pose challenge to the industry growth.

Further key findings from the report suggest:

The hospitality segment is projected to grow at an estimated CAGR of over 80% from 2016 to 2024 with the increasing usage of smart locks owing to increasing security-related concerns among customers during their stay at foreign locations

The increasing crime rate globally has fueled the adoption of these devices in the enterprise segment. The demand across residential segment is considerably low and is limited to urban users requiring convenience and multiple user access.

At present, products available in the market are more or less similar and manufacturers are increasingly focusing on innovations to gain a competitive edge.Currently, installation of locks poses a challenge.Companies are increasingly developing new products so as to overcome the challenge and ensure easy installation and incorporation withinthe present mechanical door locks.

Asia Pacific is anticipated to witness substantial growth at an estimated CAGR of close to 70% from 2016 to 2024. The regional growth prospects can be attributed to the significant increase in new commercial as well as residential infrastructure projects across countries such as India, China, and Korea. North America is expected to emerge as a predominant region over the forecast period.
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1. Methodology and Scope
1.1. Research methodology
1.2. Research scope and assumptions
1.3. List of data sources
2. Executive Summary
2.1. Smart locks- Industry snapshot and key buying criteria, 2013 - 2024
3. Smart Locks Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Smart locks value chain analysis
3.4. Smart lock market dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Smart locks key competitor analysis, 2015
3.7.1. Company strategy overview
3.8. Smart lock market PESTEL analysis, 2015
3.9. Global sustainable smart locks technology market share, 2013 - 2024
3.9.1. North America market share, 2013 - 2024
3.9.2. Europe market share, 2013 - 2024
3.9.3. Asia Pacific market share, 2013 - 2024
3.9.4. Latin America market share, 2013 - 2024
3.9.5. MEA market share, 2013 - 2024
4. Smart Locks Product Outlook
4.1. Smart lock market volume share, by type, 2015 & 2024
4.2. Deadbolt
4.2.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
4.3. Lever handle
4.3.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
4.4. Padlock
4.4.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
4.5. Others
4.5.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
5. Smart locks Application Outlook
5.1. Smart lock market volume share, by application, 2015 & 2024
5.2. Residential
5.2.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
5.3. Hospitality
5.3.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
5.4. Enterprise
5.4.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
5.5. Critical Infrastructure
5.5.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
5.6. Others
5.6.1. Global market estimates and forecasts, (Thousand Units, USD Million), 2013 - 2024
6. Smart Locks Regional Outlook
6.1. Smart lock market share, by region, 2015 & 2024
6.2. North America
6.2.1. North America market by type, (Thousand Units, USD Million), 2013 - 2024
6.2.2. North America market by application, (Thousand Units, USD Million), 2013 - 2024
6.2.3. U.S.
6.2.3.1. U.S. market by type, (Thousand Units, USD Million), 2013 - 2024
6.2.3.2. U.S. market by application, (Thousand Units, USD Million), 2013 - 2024
6.2.4. Canada
6.2.4.1. Canada market by type, (Thousand Units, USD Million), 2013 - 2024
6.2.4.2. Canada market by application, (Thousand Units, USD Million), 2013 - 2024
6.3. Europe
6.3.1. Europe market by type, (Thousand Units, USD Million), 2013 - 2024
6.3.2. Europe market by application, (Thousand Units, USD Million), 2013 - 2024
6.3.3. UK
6.3.3.1. UK market by type, (Thousand Units, USD Million), 2013 - 2024
6.3.3.2. UK market by application, (Thousand Units, USD Million), 2013 - 2024
6.3.4. Germany
6.3.4.1. Germany market by type, (Thousand Units, USD Million), 2013 - 2024
6.3.4.2. Germany market by application, (Thousand Units, USD Million), 2013 - 2024
6.4. Asia Pacific
6.4.1. Asia Pacific market by type, (Thousand Units, USD Million), 2013 - 2024
6.4.2. Asia Pacific market by application, (Thousand Units, USD Million), 2013 - 2024
6.4.3. China
6.4.3.1. China market by type, (Thousand Units, USD Million), 2013 - 2024
6.4.3.2. China market by application, (Thousand Units, USD Million), 2013 - 2024
6.4.4. India
6.4.4.1. India market by type, (Thousand Units, USD Million), 2013 - 2024
6.4.4.2. India market by application, (Thousand Units, USD Million), 2013 - 2024
6.4.5. Korea
6.4.5.1. Korea market by type, (Thousand Units, USD Million), 2013 - 2024
6.4.5.2. Korea market by application, (Thousand Units, USD Million), 2013 - 2024
6.4.6. Japan
6.4.6.1. Japan market by type, (Thousand Units, USD Million), 2013 - 2024
6.4.6.2. Japan market by application, (Thousand Units, USD Million), 2013 - 2024
6.5. Latin America
6.5.1. Latin America market by type, (Thousand Units, USD Million), 2013 - 2024
6.5.2. Latin America market by application, (Thousand Units, USD Million), 2013 - 2024
6.6. MEA
6.6.1. MEA market by type, (Thousand Units, USD Million), 2013 - 2024
6.6.2. MEA market by application, (Thousand Units, USD Million), 2013 - 2024
7. Competitive Landscape
7.1. August
7.1.1. Company Overview
7.1.2. Revenue Analysis
7.1.3. Product Benchmarking
7.1.4. Strategic Development
7.2. Aventsecurity
7.2.1. Company Overview
7.2.2. Revenue Analysis
7.2.3. Product Benchmarking
7.2.4. Strategic Development
7.3. Cansec System
7.3.1. Company Overview
7.3.2. Revenue Analysis
7.3.3. Product Benchmarking
7.3.4. Strategic Development
7.4. Goji
7.4.1. Company Overview
7.4.2. Revenue Analysis
7.4.3. Product Benchmarking
7.4.4. Strategic Development
7.5. Haven
7.5.1. Company Overview
7.5.2. Revenue Analysis
7.5.3. Product Benchmarking
7.5.4. Strategic Development
7.6. Kwikset
7.6.1. Company Overview
7.6.2. Revenue Analysis
7.6.3. Product Benchmarking
7.6.4. Strategic Development
7.7. Mul-T-Lock
7.7.1. Company Overview
7.7.2. Revenue Analysis
7.7.3. Product Benchmarking
7.7.4. Strategic Development
7.8. Okidokeys
7.8.1. Company Overview
7.8.2. Revenue Analysis
7.8.3. Product Benchmarking
7.8.4. Strategic Development
7.9. Schlage
7.9.1. Company Overview
7.9.2. Revenue Analysis
7.9.3. Product Benchmarking
7.9.4. Strategic Development
7.10. SDS
7.10.1. Company Overview
7.10.2. Revenue Analysis
7.10.3. Product Benchmarking
7.10.4. Strategic Development
7.11. SentriLock
7.11.1. Company Overview
7.11.2. Revenue Analysis
7.11.3. Product Benchmarking
7.11.4. Strategic Development
7.12. Smart Locking
7.12.1. Company Overview
7.12.2. Revenue Analysis
7.12.3. Product Benchmarking
7.12.4. Strategic Development
7.13. UniKey
7.13.1. Company Overview
7.13.2. Revenue Analysis
7.13.3. Product Benchmarking
7.13.4. Strategic Development
7.14. Weiser Lock
7.14.1. Company Overview
7.14.2. Revenue Analysis
7.14.3. Product Benchmarking
7.14.4. Strategic Development
7.15. Yale
7.15.1. Company Overview
7.15.2. Revenue Analysis
7.15.3. Product Benchmarking
7.15.4. Strategic Development

List of Tables

Table 1 Smart Locks - Industry snapshot & key buying criteria, 2013 - 2024
Table 2 Global smart lock market, 2013 - 2024 (Volume, Thousand Units; Revenue, USD Million)
Table 3 Global smart locks demand estimates and forecasts by type, 2013 - 2024 (Thousand Units)
Table 4 Global smart lock market estimates and forecasts by type, 2013 - 2024 (USD Million)
Table 5 Global smart locks demand estimates and forecasts by application, 2013 - 2024 (Thousand Units)
Table 6 Global smart lock market estimates and forecasts by application, 2013 - 2024 (USD Million)
Table 7 Smart locks - Key market driver impact
Table 8 Smart locks - Key market restraint impact
Table 9 Global demand for deadbolt smart locks by region, 2013 - 2024 (Thousand Units)
Table 10 Global deadbolt smart lock market by region, 2013 - 2024 (USD Million)
Table 11 Global demand for lever handle smart locks by region, 2013 - 2024 (Thousand Units)
Table 12 Global lever handles smart lock market by region, 2013 - 2024 (USD Million)
Table 13 Global demand for padlock smart locks by region, 2013 - 2024 (Thousand Units)
Table 14 Global padlock smart lock market by region, 2013 - 2024 (USD Million)
Table 15 Global demand for other smart locks by region, 2013 - 2024 (Thousand Units)
Table 16 Global other smart lock market by region, 2013 - 2024 (USD Million)
Table 17 Global demand for smart locks in residential application by region, 2013 - 2024 (Thousand Units)
Table 18 Global smart lock market in residential application by region, 2013 - 2024 (USD Million)
Table 19 Global demand for smart locks in hospitality application by region, 2013 - 2024 (Thousand Units)
Table 20 Global smart lock market in hospitality application by region, 2013 - 2024 (USD Million)
Table 21 Global demand for smart locks in enterprise application by region, 2013 - 2024 (Thousand Units)
Table 22 Global smart lock market in enterprise application by region, 2013 - 2024 (USD Million)
Table 23 Global demand for smart locks in critical infrastructure application by region, 2013 - 2024 (Thousand Units)
Table 24 Global smart lock market in critical infrastructure application by region, 2013 - 2024 (USD Million)
Table 25 Global demand for smart locks in other application by region, 2013 - 2024 (Thousand Units)
Table 26 Global smart lock market in other application by region, 2013 - 2024 (USD Million)
Table 27 North America demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 28 North America smart lock market by type, 2013 - 2024 (USD Million)
Table 29 North America demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 30 North America smart lock market by application, 2013 - 2024 (USD Million)
Table 31 U.S. demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 32 U.S. smart lock market by type, 2013 - 2024 (USD Million)
Table 33 U.S. demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 34 U.S. smart lock market by application, 2013 - 2024 (USD Million)
Table 35 Canada demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 36 Canada smart lock market by type, 2013 - 2024 (USD Million)
Table 37 Canada demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 38 Canada smart lock market by application, 2013 - 2024 (USD Million)
Table 39 Europe demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 40 Europe smart lock market by type, 2013 - 2024 (USD Million)
Table 41 Europe demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 42 Europe smart lock market by application, 2013 - 2024 (USD Million)
Table 43 UK demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 44 UK smart lock market by type, 2013 - 2024 (USD Million)
Table 45 UK demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 46 UK smart lock market by application, 2013 - 2024 (USD Million)
Table 47 Germany demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 48 Germany smart lock market by type, 2013 - 2024 (USD Million)
Table 49 Germany demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 50 Germany smart lock market by application, 2013 - 2024 (USD Million)
Table 51 Asia Pacific demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 52 Asia Pacific smart lock market by type, 2013 - 2024 (USD Million)
Table 53 Asia Pacific demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 54 Asia Pacific smart lock market by application, 2013 - 2024 (USD Million)
Table 55 China demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 56 China smart lock market by type, 2013 - 2024 (USD Million)
Table 57 China demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 58 China smart lock market by application, 2013 - 2024 (USD Million)
Table 59 India demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 60 India smart lock market by type, 2013 - 2024 (USD Million)
Table 61 India demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 62 India smart lock market by application, 2013 - 2024 (USD Million)
Table 63 Korea demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 64 Korea smart lock market by type, 2013 - 2024 (USD Million)
Table 65 Korea demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 66 Korea smart lock market by application, 2013 - 2024 (USD Million)
Table 67 Japan demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 68 Japan smart lock market by type, 2013 - 2024 (USD Million)
Table 69 Japan demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 70 Japan smart lock market by application, 2013 - 2024 (USD Million)
Table 71 Latin America demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 72 Latin America smart lock market by type, 2013 - 2024 (USD Million)
Table 73 Latin America demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 74 Latin America smart lock market by application, 2013 - 2024 (USD Million)
Table 75 MEA demand for smart locks by type, 2013 - 2024 (Thousand Units)
Table 76 MEA smart lock market by type, 2013 - 2024 (USD Million)
Table 77 MEA demand for smart locks by application, 2013 - 2024 (Thousand Units)
Table 78 MEA smart lock market by application, 2013 - 2024 (USD Million)

List of Figures

Figure 1 Market segmentation & scope
Figure 2 Smart lockss market size and growth prospects
Figure 3 Smart locks - Value chain analysis
Figure 4 Market dynamics
Figure 5 Key Opportunities Prioritized
Figure 6 Porter’s Five Forces Analysis
Figure 7 Smart locks - PESTEL analysis
Figure 8 Global sustainable smart locks technology market share, 2013 - 2024
Figure 9 North America sustainable smart locks technology market share, 2013 - 2024
Figure 10 Europe sustainable smart locks technology market share, 2013 - 2024
Figure 11 Asia Pacific sustainable smart locks technology market share, 2013 - 2024
Figure 12 Latin America sustainable smart locks technology market share, 2013 - 2024
Figure 13 MEA sustainable smart locks technology market share, 2013 - 2024
Figure 14 Smart lock market product type outlook key takeaways
Figure 15 Smart lock market: Type-type movement analysis
Figure 16 Global demand for deadbolt smart locks, 2013 - 2024 (Thousand Units)
Figure 17 Global deadbolt smart lock market, 2013 - 2024 (USD Million)
Figure 18 Global demand for lever handle smart locks, 2013 - 2024 (Thousand Units)
Figure 19 Global lever handles smart lock market, 2013 - 2024 (USD Million)
Figure 20 Global demand for padlock smart locks, 2013 - 2024 (Thousand Units)
Figure 21 Global padlock smart lock market, 2013 - 2024 (USD Million)
Figure 22 Global demand for other smart locks, 2013 - 2024 (Thousand Units)
Figure 23 Global other smart lock market, 2013 - 2024 (USD Million)
Figure 24 Smart lock market application outlook key takeaways
Figure 25 Smart lock market: Application movement analysis
Figure 26 Global demand for smart locks in residential application, 2013 - 2024 (Thousand Units)
Figure 27 Global smart lock market in residential application, 2013 - 2024 (USD Million)
Figure 28 Global demand for smart locks in hospitality application, 2013 - 2024 (Thousand Units)
Figure 29 Global smart lock market in hospitality application, 2013 - 2024 (USD Million)
Figure 30 Global demand for smart locks in enterprise application, 2013 - 2024 (Thousand Units)
Figure 31 Global smart lock market in enterprise application, 2013 - 2024 (USD Million)
Figure 32 Global demand for smart locks in critical infrastructure application, 2013 - 2024 (Thousand Units)
Figure 33 Global smart lock market in critical infrastructure application, 2013 - 2024 (USD Million)
Figure 34 Global demand for smart locks in other application, 2013 - 2024 (Thousand Units)
Figure 35 Global smart lock market in other application, 2013 - 2024 (USD Million)
Figure 36 Regional market place: Key takeaways
Figure 37 Regional outlook, 2015 & 2024
Figure 38 North America demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 39 North America smart lock market by type, 2013 - 2024 (USD Million)
Figure 40 North America demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 41 North America smart lock market by application, 2013 - 2024 (USD Million)
Figure 42 U.S. demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 43 U.S. smart lock market by type, 2013 - 2024 (USD Million)
Figure 44 U.S. demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 45 U.S. smart lock market by application, 2013 - 2024 (USD Million)
Figure 46 Canada demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 47 Canada smart lock market by type, 2013 - 2024 (USD Million)
Figure 48 Canada demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 49 Canada smart lock market by application, 2013 - 2024 (USD Million)
Figure 50 Europe demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 51 Europe smart lock market by type, 2013 - 2024 (USD Million)
Figure 52 Europe demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 53 Europe smart lock market by application, 2013 - 2024 (USD Million)
Figure 54 UK demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 55 UK smart lock market by type, 2013 - 2024 (USD Million)
Figure 56 UK demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 57 UK smart lock market by application, 2013 - 2024 (USD Million)
Figure 58 Germany demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 59 Germany smart lock market by type, 2013 - 2024 (USD Million)
Figure 60 Germany demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 61 Germany smart lock market by application, 2013 - 2024 (USD Million)
Figure 62 Asia Pacific demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 63 Asia Pacific smart lock market by type, 2013 - 2024 (USD Million)
Figure 64 Asia Pacific demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 65 Asia Pacific smart lock market by application, 2013 - 2024 (USD Million)
Figure 66 China demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 67 China smart lock market by type, 2013 - 2024 (USD Million)
Figure 68 China demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 69 China smart lock market by application, 2013 - 2024 (USD Million)
Figure 70 India demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 71 India smart lock market by type, 2013 - 2024 (USD Million)
Figure 72 India demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 73 India smart lock market by application, 2013 - 2024 (USD Million)
Figure 74 Korea demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 75 Korea smart lock market by type, 2013 - 2024 (USD Million)
Figure 76 Korea demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 77 Korea smart lock market by application, 2013 - 2024 (USD Million)
Figure 78 Japan demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 79 Japan smart lock market by type, 2013 - 2024 (USD Million)
Figure 80 Japan demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 81 Japan smart lock market by application, 2013 - 2024 (USD Million)
Figure 82 Latin America demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 83 Latin America smart lock market by type, 2013 - 2024 (USD Million)
Figure 84 Latin America demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 85 Latin America smart lock market by application, 2013 - 2024 (USD Million)
Figure 86 MEA demand for smart locks by type, 2013 - 2024 (Thousand Units)
Figure 87 MEA smart lock market by type, 2013 - 2024 (USD Million)
Figure 88 MEA demand for smart locks by application, 2013 - 2024 (Thousand Units)
Figure 89 MEA smart lock market by application, 2013 - 2024 (USD Million)
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