| Product Code: ETC5320087 | 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 |
The smart locks import market in Portugal continued to show strong growth in 2024, with significant increases in shipments from top exporting countries including Spain, China, Morocco, Germany, and the Netherlands. The market concentration remained high, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 9.54%, while the growth rate from 2023 to 2024 surged to 22.97%. These trends suggest a promising outlook for the smart locks industry in Portugal, with continued innovation and competition driving further growth in the coming years.
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 Locks Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Smart Locks Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Smart Locks Market - Industry Life Cycle |
3.4 Portugal Smart Locks Market - Porter's Five Forces |
3.5 Portugal Smart Locks Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Portugal Smart Locks Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Portugal Smart Locks Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Portugal Smart Locks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smart home technology in Portugal |
4.2.2 Growing concern for home security and convenience |
4.2.3 Government initiatives promoting smart technology in buildings |
4.3 Market Restraints |
4.3.1 High initial cost of smart locks |
4.3.2 Concerns about data privacy and security |
4.3.3 Lack of awareness and education about smart lock technology |
5 Portugal Smart Locks Market Trends |
6 Portugal Smart Locks Market Segmentations |
6.1 Portugal Smart Locks Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Portugal Smart Locks Market Revenues & Volume, By Deadbolts, 2021-2031F |
6.1.3 Portugal Smart Locks Market Revenues & Volume, By Lever Handles, 2021-2031F |
6.1.4 Portugal Smart Locks Market Revenues & Volume, By Padlocks, 2021-2031F |
6.1.5 Portugal Smart Locks Market Revenues & Volume, By Others, 2021-2031F |
6.2 Portugal Smart Locks Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Portugal Smart Locks Market Revenues & Volume, By Bluetooth, 2021-2031F |
6.2.3 Portugal Smart Locks Market Revenues & Volume, By Wi-Fi, 2021-2031F |
6.3 Portugal Smart Locks Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Portugal Smart Locks Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Portugal Smart Locks Market Revenues & Volume, By Commercial, 2021-2031F |
7 Portugal Smart Locks Market Import-Export Trade Statistics |
7.1 Portugal Smart Locks Market Export to Major Countries |
7.2 Portugal Smart Locks Market Imports from Major Countries |
8 Portugal Smart Locks Market Key Performance Indicators |
8.1 Number of new smart home installations in Portugal |
8.2 Percentage of households using smart locks |
8.3 Adoption rate of smart building technology in commercial properties |
9 Portugal Smart Locks Market - Opportunity Assessment |
9.1 Portugal Smart Locks Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Portugal Smart Locks Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Portugal Smart Locks Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Portugal Smart Locks Market - Competitive Landscape |
10.1 Portugal Smart Locks Market Revenue Share, By Companies, 2024 |
10.2 Portugal Smart Locks 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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