Smart locks are widely available, and allow users to open & close a door without keys. Smart locks can provide people with a high level of safety that is not provided by typical locks and alarms.
Allegion, Kwikset (Spectrum Brands) and Master Lock (Fortune Brands) are the USA market leader. And just like ASSA ABLOY, Allegion continues to acquire peer companies to occupy more market share. In the Korean market, Samsung and ASSA ABLOY are the market masters. In Japan, MIWA Lock has absolute market share. August is a new enterprise in USA. In the future, August lock will be a strong contender.
Smart locks’ downstream is wide and recently smart locks have acquired increasing significance in various fields of household field, commerce field and others. Globally, the smart locks market is mainly driven by growing demand for household.
According to our research and analysis, manufacturers from USA and Europe are the major leaders in the international market of smart locks. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With the development of Chinese smart locks production technology, their share in the global market will continue to increase, and competitiveness in the global market will also increases gradually.
The global Smart Locks market is valued at 1950 million US$ in 2017 and will reach 2770 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2018-2025.
The major manufacturers covered in this report
Kwikset (Spectrum Brands)
Master Lock (Fortune Brands)
Jiangmen Keyu Intelligence
Guangdong Level Intelligent Lock
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
Other regions (Central & South America, Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Electronic Cipher Locks
By Application, the market can be split into
The study objectives of this report are:
To analyze and study the global Smart Locks capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Smart Locks manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Smart Locks are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Smart Locks Manufacturers
Smart Locks Distributors/Traders/Wholesalers
Smart Locks Subcomponent Manufacturers
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Smart Locks market, by end-use.
Detailed analysis and profiles of additional market players.