Lock Market Trends, Business Overview, Industry Growth and Forecast to 2027

The Global Smart Lock market is projected to grow at a CAGR of 10.8% during 2021-2027.Smart locks are electronic and mechanical locks that lock or unlock a door when instructed by an approved source. They use encryption keys to verify and grant access to users for a set period of time.

Key Players

• Godrej & Boyce
• Amsec
• Gunnebo
• Bode Panzer
• Bricard
• Cisa
• Compx International

Market – Segmentation

Segments by Type

• Padlocks
• Deadbolts
• Knob Locks
• Lever Handle Locks
• Cam Locks
• Others

Segments by Application

• Residential
• Hospitality
• Enterprise
• Critical Infrastructure

Scope of the Report

The research study analyses the Global Lock Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• o North America Market Size and/or Volume
• o Latin America Market Size and/or Volume
• o Europe Market Size and/or Volume
• o Asia-Pacific Market Size and/or Volume
• o Rest of the world Market Size and/or Volume

Key Questions Answered by Lock Market Report

1. What was the Lock Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Lock Market during the forecast period (2021-2027)?

3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).

4. Which manufacturer/vendor/players in the Lock Market was the market leader in 2020?

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.