| Product Code: ETC5602372 | 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 |
In 2024, Estonia continued to see a significant influx of smart lock import shipments, with top exporting countries being Finland, China, Sweden, Germany, and Italy. Despite a previous high Herfindahl-Hirschman Index (HHI) concentration in 2023, the market maintained a high concentration in 2024, indicating sustained dominance by key players. The compound annual growth rate (CAGR) from 2020 to 2024 was -1.42%, reflecting a slight decline in the market. However, there was a notable growth rate of 32.64% from 2023 to 2024, suggesting a recent surge in demand for smart lock imports in Estonia.

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 Estonia Smart Lock Market Overview |
3.1 Estonia Country Macro Economic Indicators |
3.2 Estonia Smart Lock Market Revenues & Volume, 2021 & 2031F |
3.3 Estonia Smart Lock Market - Industry Life Cycle |
3.4 Estonia Smart Lock Market - Porter's Five Forces |
3.5 Estonia Smart Lock Market Revenues & Volume Share, By Lock Type , 2021 & 2031F |
3.6 Estonia Smart Lock Market Revenues & Volume Share, By Communication Protocol , 2021 & 2031F |
3.7 Estonia Smart Lock Market Revenues & Volume Share, By Unlocking Mechanism , 2021 & 2031F |
3.8 Estonia Smart Lock Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Estonia Smart Lock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home technologies in Estonia |
4.2.2 Growing concerns about home security and convenience |
4.2.3 Technological advancements in smart lock systems |
4.3 Market Restraints |
4.3.1 High initial costs associated with smart lock installation |
4.3.2 Concerns about data security and privacy issues |
4.3.3 Limited awareness and adoption of smart lock technology in Estonia |
5 Estonia Smart Lock Market Trends |
6 Estonia Smart Lock Market Segmentations |
6.1 Estonia Smart Lock Market, By Lock Type |
6.1.1 Overview and Analysis |
6.1.2 Estonia Smart Lock Market Revenues & Volume, By Deadbolt Locks, 2021-2031F |
6.1.3 Estonia Smart Lock Market Revenues & Volume, By Lever Handles, 2021-2031F |
6.1.4 Estonia Smart Lock Market Revenues & Volume, By Server locks & Latches, 2021-2031F |
6.1.5 Estonia Smart Lock Market Revenues & Volume, By Knob Locks, 2021-2031F |
6.1.6 Estonia Smart Lock Market Revenues & Volume, By Others, 2021-2031F |
6.2 Estonia Smart Lock Market, By Communication Protocol |
6.2.1 Overview and Analysis |
6.2.2 Estonia Smart Lock Market Revenues & Volume, By Bluetooth, 2021-2031F |
6.2.3 Estonia Smart Lock Market Revenues & Volume, By WiFi, 2021-2031F |
6.2.4 Estonia Smart Lock Market Revenues & Volume, By Z-Wave, 2021-2031F |
6.2.5 Estonia Smart Lock Market Revenues & Volume, By Others, 2021-2031F |
6.3 Estonia Smart Lock Market, By Unlocking Mechanism |
6.3.1 Overview and Analysis |
6.3.2 Estonia Smart Lock Market Revenues & Volume, By Keypad, 2021-2031F |
6.3.3 Estonia Smart Lock Market Revenues & Volume, By Card Key, 2021-2031F |
6.3.4 Estonia Smart Lock Market Revenues & Volume, By Touch Based, 2021-2031F |
6.3.5 Estonia Smart Lock Market Revenues & Volume, By Key Fob, 2021-2031F |
6.3.6 Estonia Smart Lock Market Revenues & Volume, By Smartphone Based, 2021-2031F |
6.4 Estonia Smart Lock Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Estonia Smart Lock Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.3 Estonia Smart Lock Market Revenues & Volume, By Residential, 2021-2031F |
6.4.4 Estonia Smart Lock Market Revenues & Volume, By Institutional & Government, 2021-2031F |
6.4.5 Estonia Smart Lock Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.6 Estonia Smart Lock Market Revenues & Volume, By Transportation & Logistic, 2021-2031F |
7 Estonia Smart Lock Market Import-Export Trade Statistics |
7.1 Estonia Smart Lock Market Export to Major Countries |
7.2 Estonia Smart Lock Market Imports from Major Countries |
8 Estonia Smart Lock Market Key Performance Indicators |
8.1 Number of smart lock installations in residential buildings |
8.2 Percentage increase in smart lock sales year-over-year |
8.3 Adoption rate of smart lock technology among homeowners |
8.4 Average time spent researching smart lock options before purchase |
8.5 Customer satisfaction rating with smart lock features and functionalities |
9 Estonia Smart Lock Market - Opportunity Assessment |
9.1 Estonia Smart Lock Market Opportunity Assessment, By Lock Type , 2021 & 2031F |
9.2 Estonia Smart Lock Market Opportunity Assessment, By Communication Protocol , 2021 & 2031F |
9.3 Estonia Smart Lock Market Opportunity Assessment, By Unlocking Mechanism , 2021 & 2031F |
9.4 Estonia Smart Lock Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Estonia Smart Lock Market - Competitive Landscape |
10.1 Estonia Smart Lock Market Revenue Share, By Companies, 2024 |
10.2 Estonia Smart Lock Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |