You might have suspected The Australian Smart Lock industry is growing fast, but did you know that industry revenue is increasing by an estimated 7.71% year on year? 

This year in Australia, the smart lock industry is expected to reach a ginormous value of $236.5 million, and by 2029 economists expect 15.2% of all Australian households will have a smart lock, equating to 1.1 million total Australian households!

In Australia, several societal trends are contributing to this market growth. These include:

The Rise in Smart Homes: As interest in smart home technologies grows, consumers are seeking to adopt more smart locking products.	Desire for Convenience & Innovation: Features like keyless entry, temporary access for guests, integration with other smart home systems, and remote control have made smart locks more appealing to consumers.
Heightened Security Concerns: Increased awareness about home security has led many Australians to seek advanced security solutions like smart locks, which offer both more  protection and control.	Access to Better Quality Locks: Locks designed in Australia specifically for Australian conditions and built with trade-grade quality components are now available, offering consumers peace of mind.