Global Smart Door Lock Market Projected To Grow At a Steady CAGR During Forecast Period


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The global sales of smart door locks increased from 6721.7 K units in 2012 to 9985.8 K units in 2016, at an average growth of more than 10%. In 2016, the global smart door locks market is led by China. North Amrica is the second-largest region-wise market. At present, the major manufacturers of smart door locks are concentrated in USA, Europe, Japan China and Korea. ASSA ABLOY is the world leader, holding 17.93% sales share in 2016. In every segment market (Europe, USA, China and tec), ASSA ABLOY is a leader. ASSA ABLOY has a long history and many brands. At the same time, ASSA ABLOY always acquired peers to expand the share of the market.

The major players in global market include 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, Dessmann.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Smart Door Lock in these regions, from 2012 to 2023 (forecast), covering

·         North America

·         China

·         Europe

·         Japan

·         India

On the basis of product, the Smart Door Lock market is primarily split into

·         Electronic Cipher Locks

·         Fingerprint Locks

·         Z-wave Locks

·         Wi-Fi Locks

·         Bluetooth Low Energy Locks

·         Other

On the basis on the end users/applications, this report covers

1.      Household

2.      Commercial

3.      Others

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The report studies the different product segments and end-user applications segment of the Smart Door Lock market. Compiling important data from relevant sources, the report estimates the growth of individual segments of the market. Also, the market size and the growth rate of each of the market segments have been discussed in the report. The report pays very special attention to the growth exhibited by the Smart Door Lock market in key geographic segments and talks about all the favorable conditions propelling the market growth. Growth trajectory of the market across the key geographic segments is discussed in the report.

Major players in the Global Smart Door Lock market have been listed down in the report. The report talks about the key players eyeing the development of the market in emerging economies due to the numerous significant efforts taken by the policymakers to transform the economic landscape. The report also discusses the product offerings and revenue segmentation of the key players to throw light on the highly competitive environment prevailing in the Global Smart Door Lock market. Key strategies of growth adopted by leading industry players are also analyzed in detail by the report.

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