Smart Lock Market to hit USD 50.2 billion by 2032, says Global Market Insights Inc.
Smart lock industry is projected to witness a CAGR of 12.7% during the period 2024-2032. This growth can be attributed to integration of enhanced features with traditional lock systems.
Selbyville, Delaware, June 03, 2024 (GLOBE NEWSWIRE) —
Smart Lock
Smart Lock Market Participants
Some of the leading firms operating in the smart lock industry include Allegion plc, Assa Abloy, Avent Security, August Home Inc., Cansec Systems Ltd., Dormakaba, Honeywell International Inc., Onity Inc., Salto Systems S.L., Schlage, Spectrum Brands, Inc., U-tec Group Inc., UniKey Technologies, Inc., and Yale Locks.
These market players are implementing diverse corporate expansion tactics, including mergers & acquisitions, partnerships, and product launches to expand their market presence. For instance, in February 2024, Indian Industrial IoT startup Proxgy (Everywhere as a Service Private Limited) launched its ‘Made in India’ product, the Lockator smart lock designed for the transportation and logistics sector handling wagons and containers.
Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Smart lock market 3600 synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Product type trends
2.5 Unlocking mechanism trends
2.6 Connectivity type trends
2.7 Price range trends
2.8 End user trends
2.9 Distribution channel trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Connectivity type analysis
3.3 Key news and initiatives
3.3.1 Partnership/Collaboration
3.3.2 Merger/Acquisition
3.3.3 Investment
3.3.4 Product launch & innovation
3.4 Regulatory landscape
3.5 Impact forces
3.5.1 Growth drivers
3.5.2 Industry pitfalls & challenges
3.6 Consumer buying behavior analysis
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
Browse more doors and windows industry reports @ https://www.gminsights.com/industry-reports/doors-and-windows/84
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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