| Product Code: ETC7909163 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a diverse range of smart lock imports, with top suppliers including Sweden, China, Estonia, Italy, and Poland. The market displayed low concentration, indicating a competitive landscape. Despite a negative compound annual growth rate (CAGR) from 2020-2024, there was a notable growth spurt in 2024 with a 12.96% increase from the previous year. This suggests a potential shift or advancement in the smart lock industry within Latvia, with opportunities for further market expansion and innovation.

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 Latvia Deadbolt Smart Lock Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Deadbolt Smart Lock Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Deadbolt Smart Lock Market - Industry Life Cycle |
3.4 Latvia Deadbolt Smart Lock Market - Porter's Five Forces |
3.5 Latvia Deadbolt Smart Lock Market Revenues & Volume Share, By Communication Protocol, 2021 & 2031F |
3.6 Latvia Deadbolt Smart Lock Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Latvia Deadbolt Smart Lock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of smart home technologies in Latvia |
4.2.2 Growing concern for home security and convenience among consumers |
4.2.3 Rise in new residential construction and renovation projects in the country |
4.3 Market Restraints |
4.3.1 High initial cost of smart lock installation and equipment |
4.3.2 Concerns over data security and privacy with smart lock technology |
4.3.3 Limited compatibility with existing door setups in older homes |
5 Latvia Deadbolt Smart Lock Market Trends |
6 Latvia Deadbolt Smart Lock Market, By Types |
6.1 Latvia Deadbolt Smart Lock Market, By Communication Protocol |
6.1.1 Overview and Analysis |
6.1.2 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Communication Protocol, 2021- 2031F |
6.1.3 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Wi-Fi, 2021- 2031F |
6.1.4 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Bluetooth, 2021- 2031F |
6.1.5 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Deadbolt Smart Lock Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.3 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.4 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Institution and Government, 2021- 2031F |
6.2.5 Latvia Deadbolt Smart Lock Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Latvia Deadbolt Smart Lock Market Import-Export Trade Statistics |
7.1 Latvia Deadbolt Smart Lock Market Export to Major Countries |
7.2 Latvia Deadbolt Smart Lock Market Imports from Major Countries |
8 Latvia Deadbolt Smart Lock Market Key Performance Indicators |
8.1 Number of new smart home installations in Latvia |
8.2 Consumer satisfaction levels with smart lock features and performance |
8.3 Percentage of residential construction projects incorporating smart lock technology |
8.4 Rate of technological advancements in smart lock features and capabilities |
8.5 Adoption rate of smart lock technology in rental properties and Airbnb accommodations |
9 Latvia Deadbolt Smart Lock Market - Opportunity Assessment |
9.1 Latvia Deadbolt Smart Lock Market Opportunity Assessment, By Communication Protocol, 2021 & 2031F |
9.2 Latvia Deadbolt Smart Lock Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Latvia Deadbolt Smart Lock Market - Competitive Landscape |
10.1 Latvia Deadbolt Smart Lock Market Revenue Share, By Companies, 2024 |
10.2 Latvia Deadbolt Smart Lock Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |