How big is the Europe Smart Lock Market?

The Europe Smart Lock Market size is expected to reach USD 0.62 billion in 2024 and grow at a CAGR of 15.63% to reach USD 1.28 billion by 2029. Read More

What is the current Europe Smart Lock Market size?

In 2024, the Europe Smart Lock Market size is expected to reach USD 0.62 billion. Read More

Who are the key players in Europe Smart Lock Market?

ASSA ABLOY, Allegion PLC, Eufy, Sentrilock LLC and ZKTeco Co Ltd are the major companies operating in the Europe Smart Lock Market. Read More

What years does this Europe Smart Lock Market cover, and what was the market size in 2023?

In 2023, the Europe Smart Lock Market size was estimated at USD 0.52 billion. The report covers the Europe Smart Lock Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Smart Lock Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Smart Lock Market Size & Share Analysis - Industry Research Report

Europe Smart Lock Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The European Smart Lock Market Report is Segmented by Communication Technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave, and Other Communication Technologies), Authentication Mode (Biometric, PIN Code/Keypad, RFID/NFC, and Other Authentication Modes), and Country (United Kingdom, Germany, France, Spain, Italy, Netherlands, and Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Europe Smart Lock Industry Overview

The European smart lock market is moderately competitive. With numerous global and regional players entering and expanding their presence, the market competition is anticipated to grow significantly. To remain competitive, companies emphasize frequent innovations and technological upgrades. Additionally, several companies emphasize mergers and acquisitions, as well as partnerships, to strengthen their market positions. Some key players include Assa Abloy, Allegion PLC, Eufy, Sentrilock LLC, and ZKTeco Co Ltd.

• July 2024 - ZKTeco introduced the SL01-T430H, a mortise-style door lock with a lever handle. This advanced lock boasts a fingerprint sensor and enables remote locking and unlocking through mobile devices. Once connected to Wi-Fi, users can effortlessly manage their door via the ZSmart app. The app allows for remote locking and unlocking and offers features like viewing log history, sharing temporary visitor passcodes, activating the tamper alarm, and deactivating the door alarm. Furthermore, users can unlock the door using simple voice commands when integrated with compatible devices like Amazon Echo or Google Home.

• May 2024 - Allegion launched the Schlage XE360 Series Wireless Locks, an electronic lock portfolio tailored to the multifamily market at a competitive price. The XE360 Series represents Schlage's next generation of cutting-edge electronic locks. It integrates with various design aesthetics, boasting popular finishes and contemporary lever styles. It frees property managers from physically updating access rights at the lock, functioning in an offline or No-Tour setting.