Canada Smart Lock Market Size & Outlook, 2023-2030
Canada smart lock market, 2018-2030 (US$M)
Related Markets
Canada smart lock market highlights
- The Canada smart lock market generated a revenue of USD 159.3 million in 2023 and is expected to reach USD 481.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 17.1% 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 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 |
Other key industry trends
- In terms of revenue, Canada accounted for 6.9% 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 North America, U.S. smart lock market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 481.0 million by 2030.
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 44.26% 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.
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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 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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Canada smart lock market size, by type, 2018-2030 (US$M)
Canada Smart Lock Market Outlook Share, 2023 & 2030 (US$M)
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