Blue sea market in the smart lock industry

Not long ago, the National Lock Industry Information Center released the “2019 US Smart Door Lock Industry and Market Analysis Research Report” (hereinafter referred to as the “Research Report”). The report shows that in the United States in 2019, the industry’s production and sales will be between 13 million sets – 15 million sets, the output value will exceed the $ 10 billion mark.
At the same time, it can be seen from the report that in the past three years, the compound growth rate of the US smart lock industry has exceeded 70%, which means that the smart lock industry is still a blue ocean market. If the growth rate can be kept above 50% in 2019, the production and sales volume of the US smart lock industry is expected to exceed 20 million sets. It can be seen that 2019 is a year of opportunity and difficulty for many companies.

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