Smart Lock Market Insights in Detailed Report 2022 – 2028 | ASSA ABLOY, Samsung, Allegion, Kwikset (range of brands)

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Smart Lock Market Insights Shared in Detail Report 2022 – 2028 Global Smart Lock Market Report focuses on comprehensive analysis of current and future prospect of Smart Lock industry. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances and regulatory requirements for the Smart Locks market has been given to analyze the growth rate of each segment and sub-segment. The industry’s role in the COVID-19 natural event has been extensively studied. Comprehensive risk assessments and business proposals are prepared for the market over the course of the course.

The global smart lock market was valued at US$1.68 billion in 2022 and is expected to register a CAGR of 19.8% in 2022-2028.

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An important part of this report consists of a discussion of the key vendors in the industry to forecast the profile, market sales and financial analysis of the global Smart Lock market up to 2022. This report will assist the market players to formulate their future business strategies and discover the global competition. A complete segmentation analysis of the market is performed for manufacturers, regions, types and applications of the report.

top company Covered in the report:

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

Recent Developments:

Samsung Electronics has acquired 29 companies, 7 of them in the last 5 years. A total of 4 acquisitions came from private equity houses. It has also divested 7 assets. Samsung Electronics’ largest acquisition to date came in 2016 when the company bought Harman International Industries for $8.0 billion. The largest disclosed sale occurred in 2016 when Samsung Electronics sold its printer business to HP for $1.1 billion. Samsung Electronics has acquired in 7 different US states and 9 countries. The company’s most heavily targeted sectors include internet software and services (29%) and software (18%).

claim has acquired 18 companies, 10 of them in the last 5 years. A total of 4 acquisitions came from private equity houses. It also divested 2 assets. Allegion’s largest acquisition to date came in 2022 when the company bought Stanley Access Technologies for $900 million. Allegion has acquired in 6 different US states and 8 countries. The company’s most heavily targeted sectors include building materials (39%) and security (17%).

Global Smart lock Market segmentation:

by type

fingerprint locks

Electronic encryption locks

remote locks

Other

by application

household

Commercially

Other

Market Segmentation: By geographical analysis

North America (USA, Canada and Mexico)

Europe (Germany, France, Great Britain, Russia and Italy)

Asia Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

In terms of volume, North America had the largest market share in 2022, accounts for around 39.7% and is expected to grow significantly over the next seven years due to advances in smart locks technology. This is mainly due to the widespread adoption of technology and the rapid spread of smart homes in the United States. According to a study, nearly 30% of internet homes in the United States want to have a smart lock by the end of 2022, with a supportive regulatory environment for their adoption.

Key insights this study will provide:

360 Degree Smart Lock Market Overview based on Global and Regional Levels

Market share and revenue by major players and emerging regions

Competitors – This section studies several top industry players in terms of their company profile, product portfolio, capacity, price, cost and revenue.

Separate chapter on Smart Lock market entropy to gain insights into market aggression from market leaders [Acquisitions/Recent Investments and Major Developments]

Patent analysis Number of patents/brands registered in the last few years.

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Key Questions Answered in the Report:-

What is your company profile, product information and contact details?

What is the outlook for the global industry in terms of capacity, production and production value?

What is the market share, supply and consumption?

What are the market dynamics of the market?

What are the challenges and opportunities?

What should be your entry strategy, your response to economic impact, and your industry’s marketing channels?

Table of Contents:

Chapter 1: Introduction, Market Drivers, Product Research, and Research Targets Scope Smart Lock Market

Chapter 2: Exclusive Executive Summary – Essential information of Smart Lock market.

Chapter 3: Presenting the Market Dynamics- Drivers, Trends and Challenges of Smart Lock

Chapter 4: Presentation of Smart Lock Market Factors Analysis Porter’s Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: View by Type, End User, and County 2016-2021

Chapter 6: Evaluation of the key manufacturers in the Smart Lock market, consisting of competitive landscape and company profiles

Chapter 7: Evaluating the market by segments, countries and manufacturers with revenue share and revenue by major countries for these different regions.

Chapters 8 and 9: Appendix, methodology and data source display

Conclusion : All findings and estimates are provided at the end of Smart Lock market report. It also includes key drivers and opportunities, as well as regional analysis. The segmental analysis is also provided in terms of Type and Application.

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