Uploaded on Jan 6, 2021
Deadbolts are estimated to have a large market share followed by padlocks and lever handles. The growth for these products is anticipated to continue owing to different advance features such as touch screens, usage of biometrics, and remote access of these locks using smartphones.
Smart Locks Market Trends, Size, Growth and Forecast to 2026
Smart Locks Market
Set to Reach $6.1 Billion by 2026 | CAGR 33.2%
“Smart Locks Market [By Product Outlook (Lever Handle,
Padlock, Deadbolt, Others); By End-Use Outlook (Home,
Commercial, Hospitality, Government, Others), By Regions]:
Market Size & Forecast, 2017 – 2026”
Smart Locks Market Estimate & Forecast to 2026
According to a new report by Polaris Market Research, the global Smart Locks market is
estimated to reach $6.1 Billion by 2026 registering a CAGR of 33.2% over the forecast period
2017 – 2026.
The report covers comprehensive research and analysis of Smart Locks market in terms of
growth factors, restraints, trends, challenges, and potential opportunities. Existing market
participants and new entrants can use the detailed analysis of market dynamics to devise
key growth strategies and gain a competitive edge in the Smart Locks market.
Growing demand from end-use industry applications and rising investments by public-
private organizations in developed & developing countries is anticipated to drive substantial
growth for the Smart Locks market. Leading participants are appealed by rising consumer
demand and high-profit margins in Smart Locks market, focusing on untapped markets.
With the help of this latest report, participants from the Smart Locks market will be able to
make key business decisions and also create their strategies accordingly to stay ahead of
competitors. The report covers accurate data and reliable statistics along with key
recommendations to help players understand the overall present and future scenario for the
Smart Locks market.
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Smart Locks Market Scope
By Product Outlook By End-use outlook By Region
• Lever Handle • Home North America
• Padlock • Commercial Europe
• Deadlock • Hospitality Asia Pacific
• Others • Government Latin America Middle East & Africa
• Others
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Smart Locks Market Estimate & Forecast to 2017/2026
The report covers the segmentation of the Smart Locks market based on Product Outlook,
End-Use Outlook and region. In-depth analysis of each segment and sub-segment including
key market trends, prevailing patterns, restraining factors, and potential opportunities
featured in the report. The research report on Smart Locks market forecasts revenue growth
at country, regional, and global levels. The report also gives comprehensive information on
the outlook of the market in different regions and provides projections on the expected
growth rate during the forecast period.
The report sheds light on the competitive scenario of the Smart Locks market to get insight
on the competition at domestic as well as global levels. The key market players started
investing more in research and development activities to bring innovations to their product
offerings. Leading manufacturers and vendors are taking strategic moves such as
acquisitions, collaborations, partnerships, mergers, and regional expansions to gain a
competitive edge in the Smart Locks industry. Leading players operating in the Smart Locks
market include Yale, Schlage, Haven, Weiser Lock, SDS, Mul-T-Lock among others.
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Smart Locks Market Size
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