Market Share of United States Smart Lock Industry
The intensity of competitive rivalry depends on various factors affecting the market, such as brand identity, powerful competitive strategy, and distribution control, to name a few. However, by incorporating strategies across enhanced functionality, such as remote access, wireless capabilities, strategic partnerships (added services, benefits, product bundling, and distribution), and deeper discounts, the market vendors have been distinguishing their offerings significantly. The brand identity is strongly associated with the companies that have a major influence in this market. As strong brands are synonymous with good performance, long-standing players are expected to have the upper hand. Owing to their market penetration and the ability to offer advanced products, the competitive rivalry is expected to continue to be high.
US Smart Locks Market Leaders
Honeywell International Inc.
Johnson Controls International PLC
August Home Inc. (AssaAbloy)
Kwikset (Spectrum Brands)
Allegion plc
*Disclaimer: Major Players sorted in no particular order
