The European smart lock market, valued at €0.62 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 15.63% from 2025 to 2033. This expansion is driven by several key factors. Increasing consumer demand for enhanced home security, coupled with the rising adoption of smart home technology and the convenience offered by keyless entry systems, are major contributors. The market is segmented by communication technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave, and others) and authentication methods (biometric, PIN code/keypad, RFID/NFC, and others). The prevalence of smartphones and their seamless integration with smart locks further fuels market growth. Furthermore, advancements in technologies like biometrics are increasing security and user experience, driving adoption amongst a broader consumer base. Competition is fierce, with established players like ASSA ABLOY, Allegion PLC, and others competing against emerging brands like Eufy and Wyze, leading to innovation and price competition. The strong focus on cybersecurity measures by manufacturers and increasing awareness of smart home vulnerabilities are expected to influence market trajectories. Within the European region, key markets like the United Kingdom, Germany, France, and others are expected to contribute significantly to overall growth. Growth will be influenced by factors such as government regulations on building security, increasing disposable incomes, and the penetration of high-speed internet and advanced communication networks. The market's growth trajectory is expected to be influenced by fluctuating economic conditions and technological shifts. However, the overall trend suggests a sustained positive growth outlook, underpinned by the ongoing adoption of smart home technologies and the desire for improved security and convenience within the European residential and commercial sectors. Future market penetration may also be affected by the integration of smart locks with other smart home devices, creating comprehensive home automation solutions. This report provides a detailed analysis of the burgeoning Europe smart lock market, offering valuable insights for stakeholders across the value chain. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this research comprehensively examines market dynamics, growth drivers, and future trends. The report meticulously analyzes the market size (in million units) and forecasts future growth, considering historical data from 2019-2024. Recent developments include: March 2024 - SwitchBot unveiled the SwitchBot Lock Pro, a retrofit smart lock that prioritizes both convenience and security and boasts an easy retrofit installation method. The SwitchBot Lock Pro offers tailored solutions for EU/UK and US households. Its support for various lock types means users globally can swiftly upgrade their old door locks without drilling or damaging the existing door or lock. Additionally, the installation process retains the original key functionality, ensuring continued usability when needed., February 2024 - Ajax Systems partnered with Yale, a European top security systems manufacturer. This collaboration boosts convenience for Ajax users, enabling them to control Yale Smart Locks directly via the Ajax Security System app. Due to a smooth Cloud-to-Cloud connection, users can lock and unlock their doors and monitor the lock status within the app. The integration introduces sophisticated automation features, allowing users to set automatic locking or unlocking, catering to their security needs. The Yale and Ajax integration was expected to first launch in Norway, Sweden, Italy, Spain, and Portugal, with intentions for broader expansion.. Key drivers for this market are: Significant Penetration of Smart Phones and the Internet, Standardization of Smart Home Technologies; Urbanization and Changing Housing Trends. Potential restraints include: Significant Penetration of Smart Phones and the Internet, Standardization of Smart Home Technologies; Urbanization and Changing Housing Trends. Notable trends are: Biometric Authentication Mode is Expected to Hold Significant Market Share.

The European smart lock market, valued at €0.62 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 15.63% from 2025 to 2033. This surge is driven by several key factors. Increasing concerns about home security, coupled with the rising adoption of smart home technologies and the convenience offered by keyless entry systems, are significant contributors. Furthermore, the integration of smart locks with other smart home devices and platforms, enabling remote access and control, fuels market expansion. The market is segmented by communication technology (Wi-Fi, Bluetooth, Zigbee, Z-Wave, and others) and authentication mode (biometric, PIN code/keypad, RFID/NFC, and others). The preference for convenient and secure access solutions is driving the adoption of biometric authentication methods, while the affordability and widespread availability of PIN code/keypad systems maintain a significant market share. Leading players like ASSA ABLOY, Allegion PLC, and others are investing heavily in research and development, introducing innovative features and enhanced security protocols to cater to evolving consumer demands. The strong growth in the UK, Germany, and France, among other European countries, reflects a broad adoption across the region. The competitive landscape is marked by both established players and emerging innovators. Established brands leverage their strong distribution networks and brand recognition, while newer entrants focus on offering innovative features and competitive pricing. However, challenges remain. Concerns about data privacy and cybersecurity, coupled with the potential for technical glitches and higher initial investment costs compared to traditional locks, may pose some restraints on market growth. Nevertheless, ongoing technological advancements, particularly in areas like enhanced encryption and AI-powered security features, are likely to mitigate these concerns and further propel market growth. The forecast period of 2025-2033 promises continued expansion, driven by increasing consumer awareness, technological advancements, and the growing integration of smart locks within broader smart home ecosystems. The strong presence of key players and continuous innovation will ensure the market maintains its robust growth trajectory. Recent developments include: March 2024 - SwitchBot unveiled the SwitchBot Lock Pro, a retrofit smart lock that prioritizes both convenience and security and boasts an easy retrofit installation method. The SwitchBot Lock Pro offers tailored solutions for EU/UK and US households. Its support for various lock types means users globally can swiftly upgrade their old door locks without drilling or damaging the existing door or lock. Additionally, the installation process retains the original key functionality, ensuring continued usability when needed., February 2024 - Ajax Systems partnered with Yale, a European top security systems manufacturer. This collaboration boosts convenience for Ajax users, enabling them to control Yale Smart Locks directly via the Ajax Security System app. Due to a smooth Cloud-to-Cloud connection, users can lock and unlock their doors and monitor the lock status within the app. The integration introduces sophisticated automation features, allowing users to set automatic locking or unlocking, catering to their security needs. The Yale and Ajax integration was expected to first launch in Norway, Sweden, Italy, Spain, and Portugal, with intentions for broader expansion.. Key drivers for this market are: Significant Penetration of Smart Phones and the Internet, Standardization of Smart Home Technologies; Urbanization and Changing Housing Trends. Potential restraints include: Significant Penetration of Smart Phones and the Internet, Standardization of Smart Home Technologies; Urbanization and Changing Housing Trends. Notable trends are: Biometric Authentication Mode is Expected to Hold Significant Market Share.