The European Smart Lock is anticipated to grow at a CAGR 10.0% during the forecast period. As per Center Intelligence Agency, the population of European Union in 2017 was 516 million. Germany, France and the UK have largest population and economy in Europe. The major countries which will contribute in the European smart lock market are the UK, Germany, France, Italy and Spain. Government initiatives and funding, high expenditure capacity of the people, presence of major market player is some of the major factor augmenting the market growth. European Union is one of the unique economic and political unions between countries that together cover much of the continent.
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