Global Smart Lock Market to 2027
Market Overview
Global Smart Lock Market was valued at USD 1.2 billion in 2019 which is expected to reach USD 2.88 by 2027 at a CAGR 13.12%.
Smart lock offers ease of use and works on either on Wi-Fi, Bluetooth, or both. Increase in usage of smartphones is an integral part today’s lifestyle in developing economics.  Rise in penetration of smartphones and more users acquire electronic devices for everyday use which is expected to drive the global smart lock market growth. 
Market Drivers
Rise in investments in research and development activities by key competitors is the key driving factor which is expected to propel the global smart lock market growth. Furthermore, increase in adoption of advanced technologies like Internet of Things (IoT) which is expected to boost the growth of global smart lock market. Moreover, increase in number of smartphones and growing popularity of smart technology will have the positive impact on global smart lock market growth. Also, increase in awareness regarding security and safety concerns will fuel the smart lock market growth. 
Market Restraints
However, high cost of devices is the major restraining factor which is expected to hamper the growth of global smart lock market. Also, lack of awareness among customer will affect the global smart lock market growth.
Market Segmentation
Global Smart Lock Market is segmented into product type such as Padlocks, Lever Handles, Deadbolts, and Others, by technology such as Wi-Fi, and Bluetooth. Further, Global Smart Lock Market is segmented into end user such as Residential, and Commercial.
Also, Global Smart Lock Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Master Lock Company LLC, Gantner Electronic GmbH,  Cansec Systems Ltd., Onity, Inc., Salto Systems S.L., Spectrum Brands Holdings, Inc., Dorma+Kaba Holding AG, Allegion Plc , and  ASSA ABLOY AB
Market Taxonomy 
By Product Type
• Padlocks
• Lever Handles
• Deadbolts
• Others
By Technology
• Wi-Fi
• Bluetooth
By End User
• Residential
• Commercial
By Region 
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
 

Global Smart Lock Market TOC 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Lock Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Lock Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type 
5.2 Global Smart Lock Market Share Analysis, By Product Type 
5.3 Global Smart Lock Market Size and Forecast, By Product Type
5.3.1 Padlocks
5.3.2Lever Handles
5.3.3 Deabolts
5.3.4 Others
6 Global Smart Lock Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Smart Lock Market Share Analysis, By Technology
6.3 Global Smart Lock Market Size and Forecast, By Technology
6.3.1 Wi-Fi
6.3.2 Bluetooth
7 Global Smart Lock Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Smart Lock Market Share Analysis, By End User
7.3 Global Smart Lock Market Size and Forecast, By End User
7.3.1 Residential
7.3.2 Commercial
8Global Smart Lock Market, By Region
8.1 Global Smart Lock Market Share Analysis, By Region
8.2 Global Smart Lock Market Share Analysis, By Region
8.3 Global Smart Lock Market Size and Forecast, By Region
9 North America Smart Lock Market Analysis and Forecast (2017 – 2027)
9.1 Introduction
9.2 North America Smart Lock Market Share Analysis, By Product Type
9.3 North America Smart Lock Market Size and Forecast, By Technology
9.4 North America Smart Lock Market Size and Forecast, By End User
9.5 North America Smart Lock Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Smart Lock Market Analysis and Forecast (2017 – 2027)
10.1 Introduction
10.2 Europe Smart Lock Market Share Analysis, By Product Type 
10.3 Europe Smart Lock Market Size and Forecast, By Technology 
10.4 Europe Smart Lock Market Size and Forecast, By End User
10.5 Europe Smart Lock Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Smart Lock Market Analysis and Forecast (2017 – 2027)
11.1 Introduction
11.2 Asia Pacific Smart Lock Market Share Analysis, By Product Type 
11.3 Asia Pacific Smart Lock Market Size and Forecast, By Technology 
11.4 Asia Pacific Smart Lock Market Size and Forecast, By End User
11.5 Asia Pacific Smart Lock Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Smart Lock Market Analysis and Forecast (2017 – 2027)
12.1 Introduction
12.2 Latin America Smart Lock Market Share Analysis, By Product Type 
12.3 Latin America Smart Lock Market Size and Forecast, By Technology 
12.4 Latin America Smart Lock Market Size and Forecast, By End User
12.5 Latin America Smart Lock Market Size and Forecast, Country
13Middle East Smart Lock Market Analysis and Forecast (2017 – 2027)
13.1 Introduction
13.2 Middle East Smart Lock Market Share Analysis, By Product Type 
13.3 Middle East Smart Lock Market Size and Forecast, By Technology 
13.4 Middle East Smart Lock Market Size and Forecast, By End User
13.5 Middle East Smart Lock Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Master Lock Company LLC,
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Gantner Electronic GmbH
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Cansec Systems Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4  Onity, Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Salto Systems S.L
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Spectrum Brands Holdings, Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Dorma+Kaba Holding AG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Allegion Plc 
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 ASSA ABLOY AB
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies