Market revenue in 2023 | USD 159.3 million |
Market revenue in 2030 | USD 481.0 million |
Growth rate | 17.1% (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 |
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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 44.26% in 2023. Horizon Databook has segmented the Canada smart lock market based on deadbolt, lever handles, padlock covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is anticipated to be the highest growing region in North America with a CAGR of 17.1% over the forecast period. The growth is attributed to the constantly improving technology along with increasing number of 5G connections across the region.
Moreover, the availability of smart locks has increased significantly in recent years, with more manufacturers producing technologically advanced lock at affordable prices. This. In turn, is expected to fuel the regional growth further over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Canada smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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