| Product Code: ETC5602427 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Portugal`s smart lock import market continues to thrive in 2024, with Spain, China, Morocco, Germany, and the Netherlands emerging as the top exporters. The high concentration of the Herfindahl-Hirschman Index (HHI) in 2023 has persisted into 2024, indicating a competitive market landscape. The impressive Compound Annual Growth Rate (CAGR) of 9.54% from 2020 to 2024 demonstrates sustained industry growth. Furthermore, the remarkable growth rate of 22.97% from 2023 to 2024 highlights the increasing demand for smart lock imports in Portugal. This data underscores the market`s resilience and potential for further expansion.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Portugal Smart Lock Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Smart Lock Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Smart Lock Market - Industry Life Cycle |
3.4 Portugal Smart Lock Market - Porter's Five Forces |
3.5 Portugal Smart Lock Market Revenues & Volume Share, By Lock Type , 2021 & 2031F |
3.6 Portugal Smart Lock Market Revenues & Volume Share, By Communication Protocol , 2021 & 2031F |
3.7 Portugal Smart Lock Market Revenues & Volume Share, By Unlocking Mechanism , 2021 & 2031F |
3.8 Portugal Smart Lock Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Portugal Smart Lock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home technology in Portugal |
4.2.2 Growing concerns about home security and safety |
4.2.3 Rise in adoption of IoT devices and connected technologies in households |
4.3 Market Restraints |
4.3.1 High initial cost of smart lock installations |
4.3.2 Concerns about data security and privacy |
4.3.3 Limited awareness and understanding of smart lock technology among consumers |
5 Portugal Smart Lock Market Trends |
6 Portugal Smart Lock Market Segmentations |
6.1 Portugal Smart Lock Market, By Lock Type |
6.1.1 Overview and Analysis |
6.1.2 Portugal Smart Lock Market Revenues & Volume, By Deadbolt Locks, 2021-2031F |
6.1.3 Portugal Smart Lock Market Revenues & Volume, By Lever Handles, 2021-2031F |
6.1.4 Portugal Smart Lock Market Revenues & Volume, By Server locks & Latches, 2021-2031F |
6.1.5 Portugal Smart Lock Market Revenues & Volume, By Knob Locks, 2021-2031F |
6.1.6 Portugal Smart Lock Market Revenues & Volume, By Others, 2021-2031F |
6.2 Portugal Smart Lock Market, By Communication Protocol |
6.2.1 Overview and Analysis |
6.2.2 Portugal Smart Lock Market Revenues & Volume, By Bluetooth, 2021-2031F |
6.2.3 Portugal Smart Lock Market Revenues & Volume, By WiFi, 2021-2031F |
6.2.4 Portugal Smart Lock Market Revenues & Volume, By Z-Wave, 2021-2031F |
6.2.5 Portugal Smart Lock Market Revenues & Volume, By Others, 2021-2031F |
6.3 Portugal Smart Lock Market, By Unlocking Mechanism |
6.3.1 Overview and Analysis |
6.3.2 Portugal Smart Lock Market Revenues & Volume, By Keypad, 2021-2031F |
6.3.3 Portugal Smart Lock Market Revenues & Volume, By Card Key, 2021-2031F |
6.3.4 Portugal Smart Lock Market Revenues & Volume, By Touch Based, 2021-2031F |
6.3.5 Portugal Smart Lock Market Revenues & Volume, By Key Fob, 2021-2031F |
6.3.6 Portugal Smart Lock Market Revenues & Volume, By Smartphone Based, 2021-2031F |
6.4 Portugal Smart Lock Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Portugal Smart Lock Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.3 Portugal Smart Lock Market Revenues & Volume, By Residential, 2021-2031F |
6.4.4 Portugal Smart Lock Market Revenues & Volume, By Institutional & Government, 2021-2031F |
6.4.5 Portugal Smart Lock Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.6 Portugal Smart Lock Market Revenues & Volume, By Transportation & Logistic, 2021-2031F |
7 Portugal Smart Lock Market Import-Export Trade Statistics |
7.1 Portugal Smart Lock Market Export to Major Countries |
7.2 Portugal Smart Lock Market Imports from Major Countries |
8 Portugal Smart Lock Market Key Performance Indicators |
8.1 Percentage increase in smart home penetration rate in Portugal |
8.2 Number of new players entering the smart lock market |
8.3 Growth in the number of partnerships between smart lock manufacturers and home builders or security companies |
9 Portugal Smart Lock Market - Opportunity Assessment |
9.1 Portugal Smart Lock Market Opportunity Assessment, By Lock Type , 2021 & 2031F |
9.2 Portugal Smart Lock Market Opportunity Assessment, By Communication Protocol , 2021 & 2031F |
9.3 Portugal Smart Lock Market Opportunity Assessment, By Unlocking Mechanism , 2021 & 2031F |
9.4 Portugal Smart Lock Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Portugal Smart Lock Market - Competitive Landscape |
10.1 Portugal Smart Lock Market Revenue Share, By Companies, 2024 |
10.2 Portugal Smart Lock Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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