Brazil Smart Lock Market Size & Outlook, 2024-2030
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Brazil smart lock market highlights
- The Brazil smart lock market generated a revenue of USD 32.3 million in 2024 and is expected to reach USD 105.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 21.7% from 2025 to 2030.
- In terms of segment, deadbolt was the largest revenue generating product in 2024.
- Lever Handle is the most lucrative product segment registering the fastest growth during the forecast period.
Smart lock market data book summary
| Market revenue in 2024 | USD 32.3 million |
| Market revenue in 2030 | USD 105.1 million |
| Growth rate | 21.7% (CAGR from 2025 to 2030) |
| Largest segment | Deadbolt |
| Fastest growing segment | Lever Handle |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deadbolt, Lever Handle, Padlock, Server Locks & Latches, Knob Locks |
| Key market players worldwide | Fortune Brands Innovations Inc, Spectrum Brands Holdings Inc, Assa Abloy AB Class B, Allegion PLC, Carrier Global Corp Ordinary Shares, Honeywell International Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.2% of the global smart lock market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil smart lock market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 105.1 million by 2030.
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Allegion PLC | View profile | 12400 | Harcourt Road, Iveagh Court, Block D, Dublin 2, Ireland, D02 VH94 | https://www.allegion.com |
| Fortune Brands Innovations Inc | View profile | 11700 | 520 Lake Cook Road, Suite 300, Deerfield, IL, United States, 60015-5611 | https://www.fbin.com |
| Assa Abloy AB Class B | View profile | 61282 | Klarabergsviadukten 90, P.O. Box 70340, Stockholm, Sweden, SE-107 23 | https://www.assaabloy.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Spectrum Brands Holdings Inc | View profile | 3100 | 3001 Deming Way, Middleton, WI, United States, 53562 | https://www.spectrumbrands.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Brazil smart lock market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart lock market will help companies and investors design strategic landscapes.
Deadbolt was the largest segment with a revenue share of 53.56% in 2024. Horizon Databook has segmented the Brazil smart lock market based on deadbolt, lever handle, padlock, server locks & latches, knob locks covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil recorded a significant market share of 34.6% in 2022. The strong market presence is the region is attributed to the constantly improving technology along with increasing number of 5G connections across the region.
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Our clientele includes a mix of smart lock market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Brazil smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil Product - Smart Lock Market size, 2024 - 2030 (US$M)
Brazil Smart Lock Market Outlook Share, 2024 & 2030 (US$M)
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