Press release
Global Smart Locks Market Expected to Witness a Sustainable Growth over 2023
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.
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Global Smart Locks Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Smart Locks will register a 5.0% CAGR in terms of revenue, reach US$ 2480 million by 2023, from US$ 1950 million in 2017.
Global Smart Locks Market: Key Players
ASSA ABLOY
Samsung
Allegion
Kwikset (Spectrum Brands)
MIWA Lock
Master Lock (Fortune Brands)
Guangdong Be-Tech
Adel
August
Honeywell
Jiangmen Keyu Intelligence
Tenon
Locstar
Probuck
Guangdong Level Intelligent Lock
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Related Information:
United States Smart Locks Market Research Report 2018
Europe Smart Locks Market Research Report 2018
North America Smart Locks Market Research Report 2018
Asia-Pacific Smart Locks Market Research Report 2018
China Smart Locks Market Research Report 2018
EMEA Smart Locks Market Research Report 2018
Global Smart Locks Market Research Report 2018
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