Smart Lock Market Insights Shared in Detailed Report 2022 – 2028The Global Smart Lock Market report focuses on a comprehensive analysis of the current and future prospects of the Smart Lock industry. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Smart Lock market has been performed to analyze the growth rate of each segment and sub-segment. The industry’s role in the COVID-19 natural occurrence was widely studied. Over the course of the study period, comprehensive risk assessments and business suggestions are created for the market.
The global smart lock market was valued at USD 1.68 billion in 2022and is anticipated to register a CAGR of 19.8% from 2022 to 2028.
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One important part of this report consists of a discussion of key vendors in the industry to forecast the global Smart Lock market to 2022 profile, market revenue, and financial analysis. This report will support the market players in formulating their future business strategies and discovering the global competition. A complete segmentation analysis of the market is performed for producers, regions, types, and applications of the report.
Top Companies Covered in the 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
Samsung Electronics has acquired 29 companies, including 7 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 7 assets. Samsung Electronics’ largest acquisition to date was in 2016 when it acquired Harman International Industries for $8.0B. Its largest disclosed sale occurred in 2016 when it sold Samsung Electronics – Printer Business to HP for $1.1B. Samsung Electronics has acquired in 7 different US states, and 9 countries. The Company’s most targeted sectors include internet software and services (29%) and software (18%).
Allegion has acquired 18 companies, including 10 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets. Allegion’s largest acquisition to date was in 2022 when it acquired Stanley Access Technologies for $900M. Allegion has acquired in 6 different US states, and 8 countries. The Company’s most targeted sectors include building materials (39%) and safety/security (17%).
Global Smart Lock Market Segmentation:
Electronic Cipher Locks
Market Segmentation: By Geographic Analysis
North America (USA, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
In terms of volume, North America had the largest market share in 2022, accounting for around 39.7%, and is expected to grow significantly over the next seven years as a result of advancements in smart locks technology. This is mainly due to extensive technology adoption and the rapid expansion of smart homes in the United States. According to a study, nearly 30% of internet households in the United States want to get a smart lock by the end of 2022. Customers’ high spending power coupled with increasing safety concerns, particularly in key infrastructure and domestic applications, has resulted in a supportive regulatory environment for their adoption.
Key insights this study will provide:
360 Degree Smart Lock Market Overview Based on Global and Regional Levels
Market Share and Sales Revenue by Main Players and Emerging Regions
Competitors – In this section, several industry top players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Separate Chapter on Smart Lock Market Entropy to Gain Insights into Market Aggression of Leaders [Acquisitions/Recent Investments and Major Developments]
Patent Analysis Number of patents/trademarks filed in recent years.
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Key questions answered in the report:-
What is your company profile, product information, and contact data?
What are the outlook for the global industry in terms of capacity, production, and production value?
What are the market share, supply, and consumption?
What are the market dynamics of the market?
What are the challenges and opportunities?
What should be your entry strategy, your response to economic impacts, and your industry’s marketing channels?
Table of contents:
Chapter 1: Introduction, Market Drivers Product Research, and Research Objectives Scope Smart Lock Market
Chapter 2: Exclusive Summary – Basic Information of Smart Lock Market.
Chapter 3: Displaying Market Dynamics – Drivers, Trends, and Challenges of Smart Lock
Chapter 4: Smart Lock Market Factor Analysis Presentation Porters Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Display by Type, End-User, and County 2016-2021
Chapter 6: Assessment of Major Manufacturers in Smart Lock Market Comprising Competitive Landscape, and Company Profiles
Chapter 7: To evaluate the market by segments, countries, and manufacturers, with revenue share and sales by main countries for these different regions.
Chapters 8 and 9: Appendix, Methodology, and Data Source Display
Conclusion: All findings and estimates are provided at the end of the Smart Lock Market report. It also includes key drivers and opportunities along with regional analysis. The segment analysis is also provided in terms of type and application.
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