Door Lock Market

Door Lock Market by Product (Traditional Digital Door Lock, Smart Door Lock) by Application (Residential, Commercial, Industrial, Government, Others,) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Door Lock in terms of revenue?

    The global Door Lock valued at 1.38 Billion in 2020 and is expected to reach 6.51 Billion in 2028 growing at a CAGR of 21.40%%

  • Which are the prominent players in the market?

    The prominent players in the market are Jiangmen Keyu Intelligence, Locstar, Spectrum Brands Holdings Inc., Adel, Honeywell, Salto Systems, August, Videx Security Ltd, Guangdong Level Intelligent Lock, Tenon, CDV Group Company, MIWA Lock, Kaba Holding AG, Samsung, DynaLock Corporation, Guangdong Be-Tech, Cisco Systems Inc, Onity (United Technologies Corp.), Master Lock (Fortune Brands), Allegion, Assa Abloy, Seoul Commtech Co. Ltd..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 21.40%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Door Lock include

    • The rising Internet of Things (IoT) penetration along with the advent of technologies such as Machine Learning (ML) and Artificial Intelligence (AI) are expected to accelerate the mass adoption of smart locks over the forecast period.
    • The growing consumer awareness regarding the benefits and convenience offered by these locks is responsible for their increasing demand, especially across the residential and hospitality sectors globally thereby elevating the market growth.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Door Lock in 2020.

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