Smart Locks Market Expected to Reach Exponential Growth In USA


Posted July 7, 2020 by elinawhite

The global smarts lock market is estimated to grow to $1,175 million by 2023, growing at a rate of 16.4% CAGR from 2017 to 2023.
 
The global smarts lock market is estimated to grow to $1,175 million by 2023, growing at a rate of 16.4% CAGR from 2017 to 2023. In the US and Canada, the growth of this market has been phenomenal to date with North America accounting for about 34.6% of the global market share (in revenues) in 2016. The growth in the market has been invariably brought about by the growing demand of consumers in these countries. And, there are substantial reasons behind the rise in demand. One, concern around safety and security in North America has been a major contributor. Two, technological advancements have been the other prime reason. As the Internet of Things (IoT) changes the entire horizon of smart living with smarter homes and smarter offices, the need to go in for smart locks or electronic locks too has become a natural choice.

Park Avenue Locks is a leading door hardware supplier and distributor based out of the Tri-State of New York, New Jersey, and Connecticut. The company offers unique and par excellence door hardware solutions to the residential and commercial segments. Being part of the industry for quite some time now, the company has thorough know-how to offer products and services that takes security and aesthetic looks of doors to a different level. Powered by skills and experience, the company has the best of brands from the world of door hardware like Norton, Schlage, Adam Rites, Detex, and more. Conventional or contemporary, the supplier has the right door lock solutions for every kind of door. The knowledge of the team of experts here is matched with the expansive range of locks, door closers, hinges, electric strikes, door accessories, pocket door hardware, door stoppers and holders, and thresholds merchandise that the distributor offers to its customers.

There is no question of the average quality of products or services here. If you are shopping for door hardware products from Park Avenues Locks, be it for your home, office, or institutional purpose, you can be sure of getting premium and high-end door locks backed by advanced technology. The company focuses a lot of customer support services, treating the customer as the king; ensuring that every order, however big or small, is handled with professional care and attitude. Understanding the need of the hour and having the competency to deliver new-age door hardware solutions, Park Avenue Locks has the smartest lock solutions for your home and office.

Source: Park Avenue Locks

https://www.parkavenuelocks.com/

1080 38th St

Brooklyn

New York

11219

USA
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Contact Email [email protected]
Issued By Park Avenue Locks
Phone 3322553200
Business Address 1080 38th St
Country United States
Categories Business , Consumer
Last Updated July 7, 2020