Canada Smart Lock Market Size & Outlook, 2024-2030

The smart lock market in Canada is expected to reach a projected revenue of US$ 481.0 million by 2030. A compound annual growth rate of 17.1% is expected of Canada smart lock market from 2025 to 2030.
Revenue, 2024 (US$M)
$186.5
Forecast, 2030 (US$M)
$481.0
CAGR, 2025 - 2030
17.1%
Report Coverage
Canada

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

Canada smart lock market, 2018-2030 (US$M)

Canada smart lock market, 2018-2030 (US$M)

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

Canada smart lock market highlights

  • The Canada smart lock market generated a revenue of USD 186.5 million in 2024 and is expected to reach USD 481.0 million by 2030.
  • The Canada market is expected to grow at a CAGR of 17.1% 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 2024USD 186.5 million
Market revenue in 2030USD 481.0 million
Growth rate17.1% (CAGR from 2025 to 2030)
Largest segmentDeadbolt
Fastest growing segmentLever Handle
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDeadbolt, Lever Handle, Padlock, Server Locks & Latches, Knob Locks
Key market players worldwideFortune 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 6.7% 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 North America, U.S. smart lock market is projected to lead the regional market in terms of revenue in 2030.
  • Mexico is the fastest growing regional market in North America and is projected to reach USD 66.6 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

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

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 will help companies and investors design strategic landscapes.


Deadbolt was the largest segment with a revenue share of 49.54% in 2024. 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 2018 to 2030.


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.

Reasons to subscribe to Canada smart lock market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Canada smart lock market databook

  • Our clientele includes a mix of smart lock market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Canada smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Canada smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Canada Product - Smart Lock Market size, 2024 - 2030 (US$M)

Canada Smart Lock Market Outlook Share, 2024 & 2030 (US$M)

Canada Product - Smart Lock Market size, 2024 - 2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more
Chat with us
Research Assistance
Online