Smart door locks are widely available, and allow users to open & close a door without keys. Smart door locks can provide people with a high level of safety that is not provided by typical locks and alarms. Smart door locks offer sophisticated "access control" features to any home or business. Proximity sensors like Bluetooth and NFC can enable a door to unlock whenever an authorized user's smartphone approaches. Users can also remotely lock and unlock the door, or share access with any number of others, using mobile apps. Physical keypads provide a backup with many locks, but are no longer the main way to let yourself in.
ASSA ABLOY is a global leader. In 2018, the sale of ASSA ABLOY was 457.6 k units, and the company holds a sales share of 18.49%. With the completion of ASSA ABLOY's integration of the US market leader, ASSA ABLOY will reach a 29% market share in 2019, which is much higher than ASSA ABLOY's 10% market share in ordinary locks. Although several mergers and acquisitions have occurred in the past few years, the industry will not become more concentrated as more and more competitors join the industry.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, smart door locks production will show a trend of steady growth. In 2025 the sales volume of smart door locks is estimated to be 14341.3 K units, and the consumption increasing degree will be high. On product prices, the slow downtrend in recent years will maintain in the future.
According to this study, over the next five years the WiFi Smart Lock market will register a 25.7% CAGR in terms of revenue, the global market size will reach US$ 1710 million by 2024, from US$ 540 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in WiFi Smart Lock business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of WiFi Smart Lock market by product type, application, key manufacturers and key regions and countries.
This study considers the WiFi Smart Lock value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Door Levers Locks
Deadbolts
Padlocks
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Personal Residential
Home Security System
Institution & Government
Commercial Applications
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ASSA ABLOY
Kwikset
Allegion
Dormakaba
August
SALTO
nello
Dessmann
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global WiFi Smart Lock consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of WiFi Smart Lock market by identifying its various subsegments.
Focuses on the key global WiFi Smart Lock manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the WiFi Smart Lock with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of WiFi Smart Lock submarkets, with respect to key regions (along with their respective key countries).
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.
