Canada Smart Lock Market Size & Outlook, 2026-2033
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Canada smart lock market highlights
- The Canada smart lock market generated a revenue of USD 230.3 million in 2025 and is expected to reach USD 843.4 million by 2033.
- The Canada market is expected to grow at a CAGR of 17.6% from 2026 to 2033.
- In terms of segment, deadbolt was the largest revenue generating product in 2025.
- 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 2025 | USD 230.3 million |
| Market revenue in 2033 | USD 843.4 million |
| Growth rate | 17.6% (CAGR from 2026 to 2033) |
| Largest segment | Deadbolt |
| Fastest growing segment | Lever Handle |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| 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, Canada accounted for 7.0% of the global smart lock market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. smart lock market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 116.7 million by 2033.
Canada is anticipated to be the highest growing region in North America with a CAGR of 17.1% over the forecast period. The growth is attributed to the constantly improving technology along with increasing number of 5G connections across the region.
Moreover, the availability of smart locks has increased significantly in recent years, with more manufacturers producing technologically advanced lock at affordable prices. This. In turn, is expected to fuel the regional growth further over the forecast period.
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Publish Date: Jun 15, 2026
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Smart Lock Market Scope
Smart Lock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Spectrum Brands Holdings Inc | View profile | 3,100 | 3001 Deming Way, Middleton, WI, United States, 53562 | www.spectrumbrands.com |
| Carrier Global Corp Ordinary Shares | View profile | 53,000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | www.corporate.carrier.com |
| Assa Abloy AB Class B | View profile | 61,282 | Klarabergsviadukten 90, P.O. Box 70340, Stockholm, Sweden, SE-107 23 | www.assaabloy.com |
| Fortune Brands Innovations Inc | View profile | 11,700 | 520 Lake Cook Road, Suite 300, Deerfield, IL, United States, 60015-5611 | www.fbin.com |
| Allegion PLC | View profile | 12,400 | Harcourt Road, Iveagh Court, Block D, Dublin 2, Ireland, D02 VH94 | www.allegion.com |
Canada 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 Outlook will help companies and investors design strategic landscapes.
Deadbolt was the largest segment with a revenue share of 49.37% in 2025.
Horizon Databook has segmented the Canada smart lock market based on deadbolt, lever handle, padlock, server locks & latches, knob locks covering the revenue growth of each sub-segment from 2021 to 2033.
Canada is anticipated to be the highest growing region in North America with a CAGR of 17.1% over the forecast period. The growth is attributed to the constantly improving technology along with increasing number of 5G connections across the region.
Moreover, the availability of smart locks has increased significantly in recent years, with more manufacturers producing technologically advanced lock at affordable prices. This. In turn, is expected to fuel the regional growth further over the forecast period.
- Canada Smart Lock Market Product Outlook (Revenue, USD Million , 2021-2033)
- Deadbolt
- Lever Handle
- Padlock
- Server Locks & Latches
- Knob Locks
- Others
- Canada Smart Lock Market Application Outlook (Revenue, USD Million , 2021-2033)
- Institutional & Government
- Transportation & Logistics
- Others
- Residential
- Commercial
- Industrial
- Canada Smart Lock Market Protocol Outlook (Revenue, USD Million , 2021-2033)
- Bluetooth
- Wi-Fi
- Z-Wave
- Zigbee
- Others
- Canada Smart Lock Market Authentication Method Outlook (Revenue, USD Million , 2021-2033)
- Keypad
- Card Key
- Touch-based
- Key Fob
- Smartphone-based
- Biometric
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Smart Lock Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Smart Lock Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Smart Lock Market, 2021-2033 (US$M)
Canada smart lock market statistics, by product, 2021-2033 (US$M)
