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Global $2.7Bn Smart Lock Market Growth Opportunities & Forecasts, 2019-2024

/EIN News/ -- Dublin, Sept. 13, 2019 (GLOBE NEWSWIRE) -- The "Smart Lock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

The global smart lock market was worth US$ 1.3 Billion in 2018 and is expected to reach a value of US$ 2.7 Billion by 2024, registering a CAGR of around 13% during 2019-2024.

Increasing acceptance of advanced home security solutions and usage of smart devices are among the key factors driving the global market. A rising number of security threat incidents along with the development of smart cities have created the need for smart locks in both the residential and commercial sectors.

Smart locks have high durability and low installation costs and provide a greater sense of security to the user. Consequently, they are rapidly replacing the traditional locking systems that included bulky locks with keys that are more prone to loss and theft.

Additionally, owing to rising urbanization and disposable income along with robust growth of the IoT technology, people are more inclined toward smart-technology-based assistance for their daily life functioning.

Furthermore, implementation of innovative technologies, such as cloud-based locking/unlocking that enables the user to access these locks through a virtual device remotely, is also expected to catalyze the market growth.

Key Questions Answered

  • How has the global smart lock market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global smart lock industry?
  • What is the breakup of the market based on the lock type?
  • What is the breakup of the market based on the communication protocol?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the global smart lock industry?
  • What are the key driving factors and challenges in the global smart lock industry?
  • What is the structure of the global smart lock industry and who are the key players?
  • What is the degree of competition in the global smart lock industry?

Key Topics Covered

1 Preface

2 Scope & Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smart lock Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Lock Type
5.4 Market Breakup by Communication Protocol
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast

6 Market Breakup by Lock Type
6.1 Deadbolts
6.2 Lever Handles
6.3 Padlocks
6.4 Others

7 Market Breakup by Communication Protocol
7.1 Bluetooth
7.2 Wi-Fi
7.3 Others

8 Market Breakup by End-User
8.1 Commercial
8.2 Residential
8.3 Institution and Government
8.4 Industrial

9 Market Breakup by Region

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Assa Abloy
14.3.2 Allegion PLC
14.3.3 Dorma+Kaba Holding AG
14.3.4 Spectrum Brands Holdings Inc.
14.3.5 Salto Systems S.L.
14.3.6 Onity Inc.
14.3.7 Cansec Systems Ltd.
14.3.8 Gantner Electronic GmbH
14.3.9 Master Lock Company LLC
14.3.10 MIWA Lock Co.
14.3.11 Samsung Electronics Co. Ltd.
14.3.12 Amadas Inc.
14.3.13 Sentrilock LLC
14.3.14 Avent Security
14.3.15 Dessmann

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