Spain Smart Lock Market Size & Outlook, 2023-2030
Spain smart lock market, 2018-2030 (US$M)
Related Markets
Spain smart lock market highlights
- The Spain smart lock market generated a revenue of USD 46.8 million in 2023 and is expected to reach USD 156.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 18.8% 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 46.8 million |
| Market revenue in 2030 | USD 156.0 million |
| Growth rate | 18.8% (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, Spain accounted for 2.0% 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 |
|---|
Spain 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 44.02% in 2023. Horizon Databook has segmented the Spain smart lock market based on deadbolt, lever handles, padlock covering the revenue growth of each sub-segment from 2018 to 2030.
Spain witnessed a CAGR of 18.8% during the period of 2023 to 2030. The growth in the IoT is creating immense demand for connected devices across the region, which is expected to increase the demand for smart locks across the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Spain smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain smart lock market size, by type, 2018-2030 (US$M)
Spain Smart Lock Market Outlook Share, 2023 & 2030 (US$M)
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