Mexico Smart Lock Market Size & Outlook, 2024-2030
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Mexico smart lock market highlights
- The Mexico smart lock market generated a revenue of USD 19.9 million in 2024 and is expected to reach USD 66.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 22.3% 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 19.9 million |
| Market revenue in 2030 | USD 66.6 million |
| Growth rate | 22.3% (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, Mexico accounted for 0.7% 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.
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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 |
Mexico 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 51.76% in 2024. Horizon Databook has segmented the Mexico 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.
Reasons to subscribe to Mexico smart lock market databook:
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Target buyers of Mexico smart lock market databook
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Our clientele includes a mix of smart lock market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Mexico smart lock market , including forecasts for subscribers. This country databook contains high-level insights into Mexico smart lock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico Product - Smart Lock Market size, 2024 - 2030 (US$M)
Mexico Smart Lock Market Outlook Share, 2024 & 2030 (US$M)
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