Smart Door Lock Market Size, Share & COVID-19 Impact Analysis, By Type (Deadbolt, Lever Handles, Padlock, and Others), By Product, By Connecting Technology (Wi-Fi, Bluetooth, Zigbee and Other), By Application and Regional Forecast, 2020-2027
Fortune Business Insightspublished the latest research report on the Smart Door Lock Market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, theSmart Door Lock Marketstudy demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
- The Global Smart Door Lock Market was estimated to be valued at USD 1172.5 Million in 2019.
- The growth rate of the Global Smart Door Lock Market is 18.4 %, with an estimated value of USD 4449.2 Million by 2027.
- The Global Smart Door Lock Market is estimated to be worth USD 4449.2 Million by 2027.
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Report Details:
| ATTRIBUTE | DETAILS |
| Market Size Value in 2019 | USD 1172.5 Million |
| Growth Rate | CAGR of18.4 % from2020-2027 |
| Revenue forecast in 2027 | USD 4449.2 Million |
Driving Factor:
Increasing Governmental Investment in Smart City Projects to Propel Growth
Governments of various countries are investing hefty amounts of money in the upcoming smart city projects across the globe. Prominent companies, such as Godrej Group, Google LLC, August, and Assa Abloy AB are currently aiming to introduce new connected door locks solutions for government, commercial, and residential applications. These factors are expected to bolster the smart door lock market growth in the near future. However, the lack of awareness about these door locks may hamper their demand.
This Report Answers the Following Questions:
- What are the Smart Door Lock Market growth drivers, hindrances, and dynamics?
- Which Smart Door Lock Market companies would lead the market by generating the largest revenue?
- How will the companies surge the processes adoption amid the COVID-19 pandemic?
- Which region and segment would dominate theSmart Door Lock Market in the coming years?
Major companies in Smart Door Lock Market Report are:
- ASSA ABLOY (Stockholm, Sweden)
- Samsung Group (Seoul, South Korea)
- Panasonic Corporation (Osaka, Japan)
- Guangdong Be-Tech Security Systems (Guangdong Province, China)
- Honeywell International, Inc. (North Carolina, United States)
- DESSMANN (Hangzhou, China)
- The Chamberlain Group, Inc. (LiftMaster, Chamberlain, Merlin and Grifco) (Illinois, United States)
- Kaadas (Australia)
- Masterlock (Wisconsin, United States)
- August Home (California, United States)
- Kwikset (California, United States)
- Techlicious LLC. (United States)
- Godrej Group (Mumbai, India)
- Adel Marketing (M) Sdn. Bhd. (Malaysia)
- SCHLAGE (California, United States)
- HavenLock, Inc. (Tennessee, United States)
- YALE (Tennessee, United States)
- Xiaomi Corporation (Beijing, China)
- Latchable, Inc. (New York, United States)
Pre-Post COVID-19 Impact on Global Smart Door Lock Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Smart Door Lock Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Smart Door Lock Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Smart Door Lock Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
KEY QUESTIONS ANSWERED:
- What is the Smart Door Lock Marketsize and growth rate of the global and regional market by various segments?
- What is the Smart Door Lock Market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Smart Door Lock Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest Smart Door Lock Market share?
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Smart Door Lock Market?
2) What is the market size, share?
3) Who are the top key players in the market?
4) What will be the future market of the Smart Door Lock Market?
Key Offerings:
- Smart Door Lock Market Size and Forecast by Revenue | 2022−2029
- Smart Door Lock Market Dynamics Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape Top key vendors and other prominent vendors
Major Points in TOC:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Market Share Analysis and Matrix, 2019
- Key Market Insights and Analysis, By Segments
- Profiles of Key Players (Would be provided for 10 players only)
6.1.Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Primary Interview Responses
- Annexure / Appendix
TOC Continued…!
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To view the original version on The Express Wire visit Smart Door Lock Market Projected to Surpass US $ 4449.2 Million During the 2020-2027 Forecast Timeframe | Fortune Business Insights
