WiFi Smart Lock Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.

Los Angeles, CA -- (SBWire) -- 04/10/2019 --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 market is expected to witness significant growth on account of rising applications, so in the next few years, smart door locks production will show a trend of steady growth. In 2025 the sales volume of smart door locks is estimated to be 14341.3 K units, and the consumption increasing degree will be high. On product prices, the slow downtrend in recent years will maintain in the future.

The global WiFi Smart Lock market was 540 million US$ in 2018 and is expected to 2720 million US$ by the end of 2025, growing at a CAGR of 25.9% between 2019 and 2025.

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This report studies the WiFi Smart Lock market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of WiFi Smart Lock in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

ASSA ABLOY

Kwikset

Allegion

Dormakaba

August

SALTO

nello

Dessmann

By the product type, the market is primarily split into

Door Levers Locks

Deadbolts

Padlocks

By the end users/application, this report covers the following segments

Personal Residential

Home Security System

Institution & Government

Commercial Applications

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