The global WiFi Smart Lock market was valued at US$ 880 million in 2019 and is expected to reach US$ 4485.1 million by the end of 2026, growing at a CAGR of 25.9% during 2021-2026.
Smart door locks are widely available, and allow users to open & close a door without keys. Smart door locks can provide people with a high level of safety that is not provided by typical locks and alarms. Smart door locks offer sophisticated “access control” features to any home or business. Proximity sensors like Bluetooth and NFC can enable a door to unlock whenever an authorized user’s smartphone approaches. Users can also remotely lock and unlock the door, or share access with any number of others, using mobile apps. Physical keypads provide a backup with many locks, but are no longer the main way to let yourself in.
ASSA ABLOY is a global leader. In 2018, the sale of ASSA ABLOY was 457.6 k units, and the company holds a sales share of 18.49%. With the completion of ASSA ABLOY’s integration of the US market leader, ASSA ABLOY will reach a 29% market share in 2019, which is much higher than ASSA ABLOY’s 10% market share in ordinary locks. Although several mergers and acquisitions have occurred in the past few years, the industry will not become more concentrated as more and more competitors join the industry.
Global WiFi Smart Lock Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global WiFi Smart Lock Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Assa Abloy, Kwikset, Allegion, Dormakaba, August, Salto, nello, Dessmann and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-wifi-smart-lock-market-research-report
Segment by Type
- Door Levers Locks
Segment by Application
- Personal Residential
- Home Security System
- Institution & Government
- Commercial Applications
Table of Content:
1 WiFi Smart Lock Market Overview
2 WiFi Smart Lock Market Competition by Manufacturers
3 WiFi Smart Lock Retrospective Market Scenario by Region
4 Global WiFi Smart Lock Historic Market Analysis by Type
5 Global WiFi Smart Lock Historic Market Analysis by Application
6 Key Companies Profiled
7 WiFi Smart Lock Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 WiFi Smart Lock Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta