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.
New York, NY -- (SBWIRE) -- 06/29/2018 -- Study papers on Smart Locks market and regional forecast. Smart Locks market top players including are 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.
Download Sample Brochure of Smart Locks Market spread across 146 pages, profiling 15 companies and supported with Tables & Figures
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.
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Fingerprint Locks
- Electronic Cipher Locks
- Remote Locks
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
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The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2018 to 2025? What will be the share and the growth rate of the Smart Locks Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Smart Locks market across the different regions?
- What are the challenges faced by the companies operating in the Smart Locks Market?
- What are the future prospects for the Smart Locks Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Smart Locks industry during the forecast period, 2018 to 2025?
- What are the future prospects of the Smart Locks industry for the forecast period, 2018 to 2025?
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