Price of Xiaomi Smart Door Lock
The price of Xiaomi Smart Door Lock series ranges between 799 Yuan (approximately Rs 9,349) to 2,999 Yuan (approximately Rs 35,091). Xiaomi expects the sales of its smart door locks to increase. The company is expected to surpass its current share in the smart door lock market.
Sales of China’s smart door locks on online e-commerce sites were 4.31 million units, a 45 percent improvement from 2022. 1.5 million sales were made on the new online e-commerce platform, a 70% improvement compared to last year. The top 3 companies in the market in terms of sales volume and revenue were Xiaomi, Deschmann and Cadiz.
According to sales information, Xiaomi tops the market with a share of about 15 percent across all online channels. The report shows that Xiaomi has the edge in terms of product cost-effectiveness and smart experience. The brand has also tapped existing internet users on a large scale, leveraging which it has leveraged with the launch of its smart door lock. The new report has also justified Xiaomi’s prediction that it will be the top company in smart door lock sales by the end of 2023.
The Xiaomi Smart Door Lock series includes Xiaomi Full Automatic Smart Door Lock, Xiaomi Full Automatic Smart Door Lock Pro, Xiaomi Smart Door Lock E10, Xiaomi Smart Door Lock 1S and Xiaomi Face Recognition Smart Door Lock X. Xiaomi has a wide range of products to cover a wide range of customers.