Germany Smart Lock Market Size & Outlook, 2023-2030
Germany smart lock market, 2018-2030 (US$M)
Related Markets
Germany smart lock market highlights
- The Germany smart lock market generated a revenue of USD 104.8 million in 2023 and is expected to reach USD 300.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 16.3% 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 104.8 million |
| Market revenue in 2030 | USD 300.9 million |
| Growth rate | 16.3% (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, Germany accounted for 4.5% 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 Europe, UK smart lock market is projected to lead the regional market in terms of revenue in 2030.
- Nordic Countries is the fastest growing regional market in Europe and is projected to reach USD 100.7 million by 2030.
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 44.18% in 2023. Horizon Databook has segmented the Germany smart lock market based on deadbolt, lever handles, padlock covering the revenue growth of each sub-segment from 2018 to 2030.
Germany witnessed a substantial market revenue of USD 90.4 million in 2022 following the demand for smart locks in the non-residential sector.
The implementation of smart locks in hospitality, healthcare, and critical infrastructure sector has been in trend as it helps the companies to enhance their security along with remote monitoring their security system. Such trends are projected to boost the market growth across the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany smart lock market size, by type, 2018-2030 (US$M)
Germany Smart Lock Market Outlook Share, 2023 & 2030 (US$M)
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