Global Smart Lock Market Size - Forecasts to 2026

As per the research conducted by GME, the Global Smart Lock Market is expected to grow from USD 2.3 Billion in 2021 to reach USD 3.9 Billion by 2026, with a CAGR value of around 12.45%. The smart lock market will grow rapidly mainly due to rising research and development activities in order to launch the latest and technically advanced smart lock systems for commercial and residential buildings. Moreover, the rising concern for privacy and security of residential areas and increasing demand for IoT-based products will help the market grow rapidly.

Browse 153 Market Data Tables and 115 Figures spread through 185 Pages and in-depth TOC on “Global Smart Lock Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/global-smart-lock-market-3302

By Type (Deadbolt, Lever Handle, Padlock); By Product (Biometric Door Locks, Smart Card Door Locks, Electric Strike Door Locks, Others); By Application (Residential, Hospitality, Enterprise, Critical Infrastructure, Others); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis and Competitor Analysis
Key Market Insights
• Rising research and development activities in order to launch the latest and technically advanced smart lock systems for commercial and residential buildings will propel the market growth
• The deadbolt segment holds the largest share of the market in terms of revenue generation from 2021-2026
• The lever handles are hugely demanded by the hotel constructers, owing to their ease of use among the various varieties of smart locks and hence will be the fastest-growing segment in the market.
• Increasing demand for smart lock homes is a major reason for the residential segment to grow rapidly as per the application outlook
• SDS Smart Locks, Mul-T-Lock, Okidokeys, Haven, ASSA ABLOY AB, Allegion, Spectrum Brands Holdings Inc., Salto Systems, SentriLock, Weiser, UniKey Technologies Inc., Samsung Electronics Co., Dahua Technology Co. Ltd., Shenzhen Vians Electric Lock Co., Master Lock Company LLC, Godrej Group, Xiaomi Corporation, Aventsecurity, Cansec System and others, are the major vendors competing in the market.

Browse the Report @ https://www.globalmarketestimates.com/market-report/global-smart-lock-market-3302

Type Outlook (Revenue, USD Billion, 2021-2026)
• Deadbolt
• Lever handle
• Padlock

Product Outlook (Revenue, USD Billion, 2021-2026)
• Biometric Door Locks
• Smart Card Door Locks
• Electric Strike Door Locks

Application Outlook (Revenue, USD Billion, 2021-2026)
• Residential
• Hospitality
• Enterprise
• Critical Infrastructure
• Others

Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA

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