London, UK -- (SBWire) -- 06/26/2018 --The worldwide market for Smart Locks is expected to grow at a CAGR of roughly 5.0% over the next five years, will reach 2480 million US$ in 2023, from 1950 million US$ in 2017.

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.

Market Segment by Manufacturers, this report covers

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 and others

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Scope of the Report:
This report focuses on the Smart Locks in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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.

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.

Market Segment by Regions, regional analysis covers
North America (United States, 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 and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Fingerprint Locks
Electronic Cipher Locks
Remote Locks
Others

Market Segment by Applications, can be divided into
Household
Commercial
Others

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Table of Content

1 Market Overview

2 Manufacturers Profiles

2.1 ASSA ABLOY

2.2 Samsung

2.3 Allegion

2.4 Kwikset (Spectrum Brands)

2.5 MIWA Lock

2.6 Master Lock (Fortune Brands)

2.7 Guangdong Be-Tech

2.8 Adel

2.9 August

2.10 Honeywell

3 Global Smart Locks Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)

4 Global Smart Locks Market Analysis by Regions

5 North America Smart Locks by Countries

6 Europe Smart Locks by Countries

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