Argentina Smart Lock Market Size & Outlook, 2023-2030
Argentina smart lock market, 2018-2030 (US$M)
Related Markets
Argentina smart lock market highlights
- The Argentina smart lock market generated a revenue of USD 9.4 million in 2023 and is expected to reach USD 46.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 25.8% from 2024 to 2030.
- In terms of segment, deadbolt was the largest revenue generating type in 2023.
- Lever Handles is the most lucrative type segment registering the fastest growth during the forecast period.
Smart lock market data book summary
| Market revenue in 2023 | USD 9.4 million |
| Market revenue in 2030 | USD 46.9 million |
| Growth rate | 25.8% (CAGR from 2023 to 2030) |
| Largest segment | Deadbolt |
| Fastest growing segment | Lever Handles |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deadbolt, Lever Handles, Padlock |
| Key market players worldwide | Fortune Brands Innovations Inc, Spectrum Brands Holdings Inc, Assa Abloy AB Class B, Allegion PLC, Carrier Global Corp Ordinary Shares, Honeywell International Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global smart lock market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil smart lock market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 46.9 million by 2030.
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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 44.68% in 2023. Horizon Databook has segmented the Argentina smart lock market based on deadbolt, lever handles, padlock covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is anticipated to witness the highest CAGR of 25.8% over the forecast period from 2023 to 2030. The growth in the region is accredited to the increase in the construction of commercial and nonresidential spaces with the help of government initiatives for the development across the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Argentina smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina smart lock market size, by type, 2018-2030 (US$M)
Argentina Smart Lock Market Outlook Share, 2023 & 2030 (US$M)
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