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Smart Locks Global Market Report 2022

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • The Business Research Company
  • ID: 5649280
Major players in the smart locks market are Allegion PLC, Assa Abloy AB, August Home, Cansec Systems Ltd, Dorma + Kaba Holding AG, Gantner Electronic GmbH, HAVENLock, Honeywell International Inc, Master Lock Company LLC, Onity Inc, Salto Systems, Samsung Electronics Co Ltd, Schlage, Spectrum Brands Holdings Inc, UniKey Technologies Inc, U-tec Group Inc, Vivint Inc, Yale Locks & Hardware (ASSA ABLOY AB), Avent Security, Goji, SDS Smart Locks, Mul-T-Lock, and Panasonic Corporation.

The global smart locks market is expected to grow from $1.81 billion in 2021 to $2.16 billion in 2022 at a compound annual growth rate (CAGR) of 19.1%. The smart locks market is expected to grow to $3.87 billion in 2026 at a compound annual growth rate (CAGR) of 15.7%.

The smart lock market consists of sales of smart locks by entities (organizations, sole traders, and partnerships) that are used for locking and unlocking doors using different technologies such as Wi-Fi and Bluetooth. Smart locks are keyless door locks that allow the door to be opened without the use of a physical key. These locks can be connected to the home's Wi-Fi network, which allows it to receive the code or smartphone command to lock or unlock.

The main types of products in the smart lock market are deadbolts, lever handles, padlocks, and others. A padlock refers to a lock that is used for fastening two things together. The different communications technologies include Wi-Fi, Z-Wave, and Zigbee, and involve various authentication methods such as biometric, pin code, and RFID cards. It is used in residential, hospitality, enterprise, critical infrastructure, and other applications.

North America was the largest region in the smart locks market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart locks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The smart locks market research report is one of a series of new reports that provides smart locks market statistics, including smart locks industry global market size, regional shares, competitors with a smart locks market share, detailed smart locks market segments, market trends and opportunities, and any further data you may need to thrive in the smart locks industry. These smart locks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An increase in the number of residential and commercial projects is expected to propel the growth of the smart locks market going forward. Residential projects refer to the buildings that are used for residential purposes and commercial projects refer to the buildings that are lent for business purposes. Smart locks are adopted by both commercial and residential projects as they provide safety by using different technologies. For instance, according to the Office of National Statistics, a UK-based government department, the monthly construction output increased by 3.5% in volume in November 2021. In addition, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the increase in the number of residential and commercial projects is driving the growth of the smart locks market.

Technological advancements are a key trend gaining popularity in the smart locks market. Major companies operating in the smart locks sector are focused on developing new technological solutions to meet consumer demand. For instance, in January 2019, Allegion plc, an Ireland-based provider of security products for homes and businesses, introduced the Schlage EncodeTM Smart WiFi Deadbolt. Under one of its major brands, Schlage, it is the first-ever WiFi-enabled lock for usage with Key by Amazon and Ring devices. This provides a simple access management solution that doesn't require a camera or hub to use.

In September 2021, Assa Abloy, a Sweden-based manufacturing company acquired Kwikset and Baldwin for a deal amount of $4.3 billion. The acquisition is expected to bring together four of the five top brands in the smart door locks category sold through the professional installation channel. Kwikset is a US-based manufacturer of residential locksets, and smart locks. Baldwin is a US-based designer and manufacturer of door hardware products.

The countries covered in the smart locks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.




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Table of Contents

1. Executive Summary2. Smart Locks Market Characteristics3. Smart Locks Market Trends And Strategies4. Impact Of COVID-19 On Smart Locks
5. Smart Locks Market Size And Growth
5.1. Global Smart Locks Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Locks Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Smart Locks Market Segmentation
6.1. Global Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Deadbolts
  • Commercial
  • Padlocks
  • Other Products
6.2. Global Smart Locks Market, Segmentation By Communication Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Wi-Fi
  • Bluetooth
  • Zigbee
  • Z-Wave
6.3. Global Smart Locks Market, Segmentation By Authentication Method, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Biometric
  • Pin Code
  • RFID Cards
6.4. Global Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Residential
  • Hospitality
  • Enterprise
  • Critical Infrastructure
  • Other Applications
7. Smart Locks Market Regional And Country Analysis
7.1. Global Smart Locks Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Smart Locks Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Smart Locks Market
8.1. Asia-Pacific Smart Locks Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Smart Locks Market
9.1. China Smart Locks Market Overview
9.2. China Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Smart Locks Market
10.1. India Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Smart Locks Market
11.1. Japan Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Smart Locks Market
12.1. Australia Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Smart Locks Market
13.1. Indonesia Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Smart Locks Market
14.1. South Korea Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Smart Locks Market
15.1. Western Europe Smart Locks Market Overview
15.2. Western Europe Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Smart Locks Market
16.1. UK Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Smart Locks Market
17.1. Germany Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Smart Locks Market
18.1. France Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Smart Locks Market
19.1. Eastern Europe Smart Locks Market Overview
19.2. Eastern Europe Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Smart Locks Market
20.1. Russia Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Smart Locks Market
21.1. North America Smart Locks Market Overview
21.2. North America Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Smart Locks Market
22.1. USA Smart Locks Market Overview
22.2. USA Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Smart Locks Market
23.1. South America Smart Locks Market Overview
23.2. South America Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Smart Locks Market
24.1. Brazil Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Smart Locks Market
25.1. Middle East Smart Locks Market Overview
25.2. Middle East Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Smart Locks Market
26.1. Africa Smart Locks Market Overview
26.2. Africa Smart Locks Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Smart Locks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Smart Locks Market Competitive Landscape And Company Profiles
27.1. Smart Locks Market Competitive Landscape
27.2. Smart Locks Market Company Profiles
27.2.1. Allegion PLC
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Assa Abloy AB
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. August Home
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Cansec Systems Ltd
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Dorma + Kaba Holding AG
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Locks Market29. Smart Locks Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Smart Locks Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global smart locks market.

This report focuses on smart locks market which is experiencing strong growth. The report gives a guide to the smart locks market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the smart locks? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Locks market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart locks market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The smart locks market section of the report gives context. It compares the smart locks market with other segments of the smart locks market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart locks indicators comparison.

Scope

Markets Covered:

1) By Product: Deadbolts; Commercial; Padlocks; Other Products
2) By Communication Technology: Wi-Fi; Bluetooth; Zigbee; Z-Wave
3) By Authentication Method: Biometric; Pin Code; RFID Cards
4) By Application: Residential; Hospitality; Enterprise; Critical Infrastructure; Other Applications

Companies Mentioned: Allegion PLC; Assa Abloy AB; August Home; Cansec Systems Ltd.; Dorma + Kaba Holding AG

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Allegion PLC
  • Assa Abloy AB
  • August Home
  • Cansec Systems Ltd.
  • Dorma + Kaba Holding AG
  • Gantner Electronic GmbH
  • HAVENLock
  • Honeywell International Inc.
  • Master Lock Company LLC
  • Onity Inc.
  • Salto Systems
  • Samsung Electronics Co. Ltd.
  • Schlage
  • Spectrum Brands Holdings Inc.
  • UniKey Technologies Inc.
  • U-tec Group Inc.
  • Vivint Inc.
  • Yale Locks & Hardware (ASSA ABLOY AB)
  • Avent Security
  • Goji
  • SDS Smart Locks
  • Mul-T-Lock
  • Panasonic Corporation

Methodology

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