Global Smart Locks Market Status Outlook 2019-2024, Types, Applications, Key Players (ASSA ABLOY, Samsung, Allegion, Kwikset (Spectrum Brands), MIWA Lock, Master Lock (Fortune Brands), Guangdong Be-Tech)

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.

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.

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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.

According to this study, over the next five years the Smart Locks market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 2480 million by 2024, from US$ 1950 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Smart Locks business.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Locks market by product type, application, key manufacturers and key regions and countries.

This study considers the Smart Locks value and volume generated from the sales of the following segments:

Segmentation by product type

Fingerprint Locks
Electronic Cipher Locks
Remote Locks
Others

Segmentation by application
Household
Commercial
Others

This report also splits the market by region
Americas
APAC
Europe
Middle East & Africa

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.

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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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 Smart Locks 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 Smart Locks market by identifying its various subsegments.
Focuses on the key global Smart Locks 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 Smart Locks 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 Smart Locks 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.

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