How big is the Europe smart lock market?

The size market size for smart lock in Europe reached USD 4.1 billion in 2023 and is set to register 11.9% CAGR between 2024 to 2032, owing to increasing concerns about home safety and increase in adoption of smart homes.

Why is the demand for smart lock with Wi-Fi connectivity rising in Europe?

The Wi-Fi connectivity segment is expected to grow at 12.7% CAGR through 2032, attributed to the widespread adoption of Wi-Fi technology in households and businesses.

How large is Germany smart lock industry?

Germany market size to reach USD 2.1 billion by 2032, owing to high smart home adoption and strong tech innovation.

Which are the leading smart lock companies in Europe?

Allegion plc, Assa Abloy, Avent Security, August Home Inc., Cansec Systems Ltd., Dormakaba, Honeywell International Inc., Onity Inc., Salto Systems S.L., Schlage, and Spectrum Brands, Inc., among others.

Europe Smart Lock Market Share

Report ID: GMI10854

Published Date: August 2024

Report Format: PDF

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Europe Smart Lock Market Share

The Europe smart lock industry, with prominent players, such as Allegion plc, Assa Abloy, Dormakaba, and Spectrum Brands, Inc., are holding a market share of ~50-60%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Europe Smart Lock Market Companies

Major players operating in the Europe 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.
Yale Locks

Authors: Avinash Singh, Sunita Singh

Frequently Asked Question(FAQ) :

How big is the Europe smart lock market?: The size market size for smart lock in Europe reached USD 4.1 billion in 2023 and is set to register 11.9% CAGR between 2024 to 2032, owing to increasing concerns about home safety and increase in adoption of smart homes.
Why is the demand for smart lock with Wi-Fi connectivity rising in Europe?: The Wi-Fi connectivity segment is expected to grow at 12.7% CAGR through 2032, attributed to the widespread adoption of Wi-Fi technology in households and businesses.
How large is Germany smart lock industry?: Germany market size to reach USD 2.1 billion by 2032, owing to high smart home adoption and strong tech innovation.
Which are the leading smart lock companies in Europe?: Allegion plc, Assa Abloy, Avent Security, August Home Inc., Cansec Systems Ltd., Dormakaba, Honeywell International Inc., Onity Inc., Salto Systems S.L., Schlage, and Spectrum Brands, Inc., among others.

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Authors: Avinash Singh, Sunita Singh

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Premium Report Details

Base Year: 2023

Companies covered: 14

Tables & Figures: 49

Countries covered: 12

Pages: 135

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Europe Smart Lock Market Share

Europe Smart Lock Market Share

Europe Smart Lock Market Companies

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