Keyless Door Locks Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Keyless Door Locks Market
Keyless Door Locks Market Size and Growth
The global keyless door locks market is projected to reach a value of $2.5 billion by 2025, with a compound annual growth rate of 6.8%. Market drivers include increasing concern for home security, convenience, and technological advancements in smart home automation. Major players in the market include Assa Abloy, Samsung Electronics, and Allegion.
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Companies Covered (Covid 19 Impact Covered)
◍ SALTO
◍ Assa Abloy Group
◍ Dormakaba Group
◍ Hitachi
◍ Honeywell
◍ Master Lock
◍ MIWA Lock
◍ Samsung
◍ Siemens AG
◍ Tyco International
◍ Vivint, Inc.
◍ Yale
The keyless door locks market is highly competitive with key players such as SALTO, Assa Abloy Group, Dormakaba Group, Hitachi, Honeywell, Master Lock, MIWA Lock, Samsung, Siemens AG, Tyco International, Vivint, Inc., and Yale. These companies offer innovative solutions to enhance security and convenience in residential and commercial buildings. SALTO recorded $500 million in sales revenue, Assa Abloy Group $10 billion, and Dormakaba Group $3 billion.
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Market Segmentation
By Application
◍ Residential
◍ Commercial
◍ Others
By Product
◍ Electronic Cipher Locks
◍ Fingerprint Locks
◍ Wi-Fi Locks
◍ Bluetooth Low Energy Locks
◍ Other
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Market Growth
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$ X Billion USD
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