Vision Research Report, Recently Announced New Report on “Smart Lock market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “Smart Lock market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Smart Lock research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The Smart Lock market revenue share is set to grow at a yearly rate of 30.4% during 2021-2030, while its valuation is Projected to jump from $ 2.38 Bn in 2020 to $51.9 Bn in 2030.
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Report Highlights
The deadbolt segment registered the highest revenue share of over 57% in 2020 and is expected to continue dominating the industry over the forecast period. The high revenue generation can be attributed to its rising deployment across the residential sector owing to numerous benefits such as ease of use as well as a durable locking mechanism.
Lever handles are expected to expand at the fastest CAGR of over 33.0% during the forecast period owing to substantial growth in the construction sector. Modernization activities across the hospitality sector to fulfill the security requirements of tourists are also expected to foster the growth of the segment. Smart lever handles are being extensively used in inner doors across commercial settings. They possess easy locking/unlocking procedures compared to their counterparts due to the push-down style handle instead of a knob, which requires grasping and turning.
The residential segment dominated the smart lock market in 2020, capturing over 75% of the revenue share. It is expected to retain its dominance over the next seven years. Its high revenue generation can primarily be attributed to the rising global smart home penetration as well as an increasing number of new and renovation projects across the sector over the past few years. Additionally, increased affordability of advanced security tools, including door and window opening sensors, motion detectors, and remote door locking/unlocking, is expected to further drive the adoption of these devices.
The hospitality segment is expected to expand at the fastest CAGR of over 25% from 2021 to 2030. The industry has been aggressively deploying smart locks to address customers’ growing security concerns during their stays. The need to increase in-room security measures at hotels is presumed to bolster the adoption of these keyless access devices in the future as well. Leading market players are offering innovative solutions for the hospitality industry.
North America captured the largest market share of over 52% in 2020 and is expected to maintain its dominance over the forecast period. The high spending capacity of customers and rising security concerns, especially across the critical infrastructure and residential applications, have led to a favorable regulatory scenario for their adoption.
Global Smart Lock market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Smart Lock trade trends and promoting channels analysed. Smart Lock Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Market Segmentation
Global Smart Lock Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Smart Lock market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
Smart Lock Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Smart Lock Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Smart Lock Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Smart Lock Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Smart Lock Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Smart Lock Market, By Type
7.1. Smart Lock Market, by Type, 2021-2030
7.1.1. Deadbolt
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Lever Handles
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. Padlock
7.1.3.1. Market Revenue and Forecast (2016-2030)
7.1.4. Others
7.1.4.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Smart Lock Market, By Application
8.1. Smart Lock Market, by Application, 2021-2030
8.1.1. Residential
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Hospitality
8.1.2.1. Market Revenue and Forecast (2016-2030)
8.1.3. Enterprise
8.1.3.1. Market Revenue and Forecast (2016-2030)
8.1.4. Critical Infrastructure
8.1.4.1. Market Revenue and Forecast (2016-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Smart Lock Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Type (2016-2030)
9.1.2. Market Revenue and Forecast, by Application (2016-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.2. Market Revenue and Forecast, by Application (2016-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.2. Market Revenue and Forecast, by Application (2016-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.2. Market Revenue and Forecast, by Application (2016-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.5.2. Market Revenue and Forecast, by Application (2016-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2030)
Chapter 10. Company Profiles
10.1. Yale
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Schlage
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. August Home
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Kwikset
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Goji
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. SDS Smart Locks
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Mul-T-Lock
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. UniKey Technologies Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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