openPR Logo
Press release

sales of wireless door lock system are estimated to surpass US$ 1,700 Mn by the end of 2026

sales of wireless door lock system are estimated to surpass US$

Growing proliferation of the Internet of Things (IoT) and connected homes continue to influence the demand and sales of wireless door lock system. With digitization on the rise, the scope of application of electronic locks is likely to witness an upswing, in turn providing an optimistic growth path for wireless door lock system worldwide.

Persistence Market Research envisages that the demand for wireless door lock system is projected to expand at an impressive CAGR of 9.7% in terms of value during the forecast period, 2018-2026. Moreover, sales of wireless door lock system are estimated to surpass US$ 1,700 Mn by the end of the assessment period, according to the report.

Direct Correlation Between Macroeconomic Growth and Door Lock System to Fuel Sales

Sales of door lock system are significantly influenced by macroeconomic aspects, most notably, urbanization, GDP per capita and economic growth. According to OECD analysis, the world’s GDP has reflected an unswerving surge since the past year and ascendency is expected to remain persistent in the long run. Furthermore, the United Nations Department of Economics and Social Affairs has revealed that by 2050, approximately 68 percent of the world’s population is likely to live in urban areas, up from 55 percent in 2017. Direct correlation between wireless door lock system and macroeconomic expansion is expected to auger well for stakeholders in the global market, on the back of growing demand from the rapidly expanding construction sector and electronic industry. Steadiness in residential and commercial construction projects, particularly in emerging economies of Asia Pacific and developed countries in Europe is likely to pave potential growth pathways for wireless door lock system manufacturers.

Request Sample Report@ https://www.persistencemarketresearch.com/samples/24184

Up Gradation to Smart Homes Offering Potential Opportunities for Wireless Door Lock System Manufacturers

Sales of wireless door lock system is likely to increase with growing demand for smart homes. With smart home demand remaining renascent in developed countries, regions such as North America and Europe are expected to emerge as lucrative markets for wireless door lock system. This growth in demand is also augmented with rising smartphone use. On the back of growing GDP per capita, individuals are more inclined towards the use of systems with enhanced security features integrated in their smart homes. Against this backdrop, manufacturers of electronic locks are focused on product innovations, in turn fueling demand for wireless door lock system.

Innovation as a Means of Sustenance Inducing Novelties in Wireless Door Lock Systems

In the wake of technological advancements, manufacturers of wireless door lock system are innovating their products in a bid to enhance customer experience. Significant increase in the demand for wireless door lock systems have triggered companies to invest substantially in development initiatives to launch novel product additions. For instance, in 2017, Brinks Incorporated introduced a wireless door lock system that uses solar power and is integrated with Amazon Echo voice control feature.

Sales of wireless door lock system in the commercial sector are anticipated to increase at a significant pace during the period of forecast. The report envisages that the wireless door lock system sales in the commercial sector are estimated to cross US$ 900 Mn by the end of the assessment year. However, the demand for wireless door lock system from the residential sector is projected to expand at a relatively high rate as compared to other end use sectors.

Request TOC@ https://www.persistencemarketresearch.com/methodology/24184

Developed countries of Europe – particularly Germany and the United Kingdom – are likely to showcase increased adoption of wireless door lock system. Sales of wireless door lock system in this region is expected to touch US$ 615 Mn by 2026 end, closely followed by North America.

ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release sales of wireless door lock system are estimated to surpass US$ 1,700 Mn by the end of 2026 here

News-ID: 1631535 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Sales

Sales Council Recognises Twib as 'Best Sales Tracking App' for Revolutionary Fie …
Mumbai - August 18, 2025 - Twib [https://twib.online/], a leading sales tracking application, has been recognised with the prestigious 'Best Sales Tracking App' title by the Sales Council, acknowledging its groundbreaking contribution to revolutionizing field sales management across diverse markets. This coveted recognition positions Twib as the premier choice for businesses seeking comprehensive sales tracking solutions in today's rapidly evolving digital marketplace. Industry Recognition Validates Innovation Leadership The Sales Council's recognition underscores
Global Satellite Market 2019 Sales Volume, Sales Price, Sales Revenue Analysis a …
Global Satellite Market report explores manufacturer’s competitive scenario and provides market share for all major players of this market based on production capacity, sales, revenue, geographical presence and other major factors. The report also covers import/export data across all major regions covered in this report This report studies the global Satellite market status and forecast, categorizes the global Satellite market size (value & volume) by manufacturers, type, application, and region. This
Biochips Market Sales Volume, Sales Price, Sales Revenue Analysis
The global biochips market was valued at US$ 7,026.4 million in 2016 and is expected to witness a robust CAGR of 16.2% over the forecast period (2017 – 2025). Biochips are miniaturized laboratories, which can perform simultaneous biochemical reactions. On the basis of functionality, biochips are classified as DNA chips, protein chips, lab-on-a-chips, and tissue and cell arrays. DNA chips, biochips or DNA microarrays consists of a microscope slide made of
Shock Wave Therapy Devices Market Sales Volume, Sales Price, Sales Revenue Analy …
Shock wave therapy also called extracorporeal shock wave therapy (ESWT) is a non-invasive treatment that is used in wide areas of medical field that includes physical therapy, orthopedics, cardiology, and urology. Shock wave therapy is an alternative treatment for orthopedic surgeries. The term extracorporeal signifies the external shock generation, and the resultant shock waves are then transmitted to the internal parts of the body via intermediate pads through the skin.
Insulin Pumps Market Sales Volume, Sales Price, Sales Revenue Analysis
Insulin pump is a portable device attached to the body that continuously delivers preset amounts of short or rapid acting insulin in the body to control diabetes. Insulin therapy is required in type 1 diabetes and sometime in type 2 diabetes. It serves as an effective alternative to insulin injections. Furthermore, insulin pump delivers the insulin according to the need of body as basal rate, where small amount of insulin
Global Small Beer Market 2018 Sales Volume, Sales Price, Sales Revenue Analysis …
Small Beer Research Report covers the Major Key Players data analysis that includes market revenue, gross rate, profit, and distribution market etc., a competitive analysis that will help to know more about market competitors. This research report covers all the major regions and countries worldwide, that will help to know about regional growth rate (revenue) status, includes market size, the future forecast for next 5 years. The Small Beer market was