Market Overview:
The global wifi door locks market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart home security systems and rising concerns over safety and security among consumers. Additionally, the growing trend of IoT is also contributing to the growth of this market. The wifi door locks market can be segmented on the basis of type into door levers locks, deadbolts, and padlocks. The door levers locks segment is expected to account for a major share of the global wifi door locks market during the forecast period owing to their ease of use and installation. On the basis of application,the wifi door locksmarket can be divided into personal residential applications, home security system applications, institution & government applications, commercial applications, and others (including transportation & logistics facilities).
Product Definition:
A wifi door lock is a type of electronic door lock that can be unlocked and opened using a smartphone or other wireless device. They are often used in place of traditional keyed locks, and can provide added security and convenience for homeowners.
Door Levers Locks:
Door levers locks, also known as door latches or doorknobs are used to secure a door and prevent unwanted entry. They are available in various forms such as manual, electric and battery operated. The lock mechanism is usually integrated with the handle itself but it can also be mounted on the wall nearby. It serves two purposes; one, it secures the inner side of the door from prying eyes and second, it prevents children from opening doors without supervision.
Deadbolts:
The deadbolts are the mechanical devices used in door locks. They are an advanced security system that prevents unauthorized access to a place. These devices work on the principle of electromagnetic interference, which is created by moving parts such as springs, wheels or tumblers inside the lock body when turned clockwise and anticlockwise respectively. The electromagnetic effect causes changes in electric current within a coil installed around each part of the mechanism resulting in changing its position and eventually opening or closing a door lock.
Application Insights:
The global wifi door locks market has been segmented on the basis of application into personal residential, home security system, commercial applications and others. The personal residential segment dominated the overall industry in terms of revenue share in 2017. This is attributed to a rising number of consumers opting for smartphone-based keyless unlocking systems at their homes. Moreover, growing demand for smart multifunctional devices with integrated locking features is also expected to drive growth over the forecast period.
The home security system application segment is anticipated to witness significant growth over the forecast period owing to increasing concerns among end-users regarding safety and protection against burglary or theft at their homes. In addition, an increase in spending on such systems as a result of growing awareness about safety issues coupled with improved economic conditions across various regions worldwide will further boost industry growth during the study period.
Increasing investments by governments across various countries towards improving public infrastructure including transport facilities.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing home automation and smart devices penetration in the region, rising awareness about such products, and growing adoption of digital services for door locks installation. Moreover, presence of key industry players with wide product portfolio will drive regional demand further. For instance, August Smart Lock Inc.
Growth Factors:
- Increasing demand for smart homes and the need for security
- Growing awareness about the benefits of wifi door locks
- Rising demand from commercial sectors
- Technological advancements in wifi door locks
- Growing popularity of home automation
Scope Of The Report
Report Attributes
Report Details
Report Title
Wifi Door Locks Market Research Report
By Type
Door Levers Locks, Deadbolts, Padlocks
By Application
Personal Residential, Home Security System, Institution & Government, Commercial Applications, Others
By Companies
ASSA ABLOY, Kwikset, Allegion, Dormakaba, August, SALTO, nello, Dessmann
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Wifi Door Locks Market Report Segments:
The global Wifi Door Locks market is segmented on the basis of:
Types
Door Levers Locks, Deadbolts, Padlocks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Residential, Home Security System, Institution & Government, Commercial Applications, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ASSA ABLOY
- Kwikset
- Allegion
- Dormakaba
- August
- SALTO
- nello
- Dessmann
Highlights of The Wifi Door Locks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Door Levers Locks
- Deadbolts
- Padlocks
- By Application:
- Personal Residential
- Home Security System
- Institution & Government
- Commercial Applications
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wifi Door Locks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
WiFi Door Locks are a type of security system that uses your home's WiFi network to keep unauthorized people out. When you set up the lock, you create a password that allows you to access the lock from anywhere in your home. You can also use the app on your smartphone to unlock and open the door when you're away from home.
Some of the major players in the wifi door locks market are ASSA ABLOY, Kwikset, Allegion, Dormakaba, August, SALTO, nello, Dessmann.
The wifi door locks market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wifi Door Locks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wifi Door Locks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wifi Door Locks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wifi Door Locks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wifi Door Locks Market Size & Forecast, 2020-2028
4.5.1 Wifi Door Locks Market Size and Y-o-Y Growth
4.5.2 Wifi Door Locks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Door Levers Locks
5.2.2 Deadbolts
5.2.3 Padlocks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Personal Residential
6.2.2 Home Security System
6.2.3 Institution & Government
6.2.4 Commercial Applications
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wifi Door Locks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wifi Door Locks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Door Levers Locks
9.6.2 Deadbolts
9.6.3 Padlocks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Personal Residential
9.10.2 Home Security System
9.10.3 Institution & Government
9.10.4 Commercial Applications
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Door Levers Locks
10.6.2 Deadbolts
10.6.3 Padlocks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Personal Residential
10.10.2 Home Security System
10.10.3 Institution & Government
10.10.4 Commercial Applications
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Door Levers Locks
11.6.2 Deadbolts
11.6.3 Padlocks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Personal Residential
11.10.2 Home Security System
11.10.3 Institution & Government
11.10.4 Commercial Applications
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Door Levers Locks
12.6.2 Deadbolts
12.6.3 Padlocks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Personal Residential
12.10.2 Home Security System
12.10.3 Institution & Government
12.10.4 Commercial Applications
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Door Levers Locks
13.6.2 Deadbolts
13.6.3 Padlocks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Personal Residential
13.10.2 Home Security System
13.10.3 Institution & Government
13.10.4 Commercial Applications
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wifi Door Locks Market: Competitive Dashboard
14.2 Global Wifi Door Locks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASSA ABLOY
14.3.2 Kwikset
14.3.3 Allegion
14.3.4 Dormakaba
14.3.5 August
14.3.6 SALTO
14.3.7 nello
14.3.8 Dessmann
