Technological Advancement in the Lock Industry to Thrive the Global Smart Door Lock Market: says Research Nester
The global smart door lock market is majorly driven by the rapid change of technology in the lock industry, according to our research report “Global Smart Door Lock Market Outlook 2021”.
Regionally, the smart door lock market is segmented into North America, Latin America, Europe, Asia-Pacific, Russia, Middle East and North Africa (MENA) and Oceanic region. Among these, North-America is anticipated to witness a significant growth and is expected to occupy the largest share in the global smart door lock market by 2021.
The global smart door lock market is anticipated to expand at a CAGR of 30.28% during the forecast period i.e. 2015-2021. The technologically advanced locks are now catching the trend of market across the globe. The market is rapidly shifting from conventional mechanical locks to keyless smart door locks, which are compatible with the latest technology and can be accessed through Bluetooth, wifi, and smart phones. The rapid shift of consumer behavior towards high-tech smart door locks is expected to be the root cause of high demand for smart door locks over the forecast period.
The report titled “Global Smart Door Lock Market Outlook 2021” delivers detailed overview of the smart door lock market in terms of market segmentation by regions, by demography, by inpatient and outpatient and by retail distribution.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the smart door lock industry which includes company profiling of Yale (a brand of ASSA ABLOY), Schlage, August, Kwikset, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the global smart door lock market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.