Global Smart Lock Market Size & Outlook, 2023-2030
Global smart lock market, 2018-2030 (US$M)
Related Markets
Global smart lock market highlights
- The global smart lock market generated a revenue of USD 2,323.5 million in 2023 and is expected to reach USD 8,136.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 19.6% by 2030.
- In terms of segment, deadbolt accounted for a revenue of USD 1,034.7 million in 2023.
- Lever Handles is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,323.5 million |
| Market revenue in 2030 | USD 8,136.8 million |
| Growth rate | 19.6% (CAGR from 2023 to 2030) |
| Largest segment | Deadbolt |
| Fastest growing segment | Lever Handles |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deadbolt, Lever Handles, Padlock |
Other key industry trends
- In terms of revenue, the North America accounted for 39.8% of the global smart lock market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,168.4 million by 2030.
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart lock market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart lock market will help companies and investors design strategic landscapes.
Deadbolt was the largest segment with a revenue share of 44.53% in 2023. Horizon Databook has segmented the Global smart lock market based on deadbolt, lever handles, padlock covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Lock Type Outlook (Revenue, USD Million, 2018-2030)
- Deadbolt
- Lever Handles
- Padlock
- Others
- Global Smart Lock Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Hospitality
- Enterprise
- Critical Infrastructure
- Others
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Our clientele includes a mix of smart lock market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart lock market , including forecasts for subscribers. This global databook contains high-level insights into Global smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart lock market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart lock market size, 2023 (US$M)
Global smart lock market share, by type, 2023 & 2030 (%, US$M)
Smart lock market: Opportunity assessment by country
Global smart lock market, by region, 2023 (US$M)
Related regional statistics
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