Summary

The global mechanical and electromechanical locks market was valued at $19.8 billion in 2023, and is projected to reach $37.7 billion by 2033, growing at a CAGR of 6.8% from 2024 to 2033.
The mechanical and electromechanical locks market is a dynamic and evolving sector, with mechanical locks which are standalone devices that function independently, without any need for external connectivity or power sources. The mechanical locks are equipped with a manually operated key lock system that doesn’t offer any real-time monitoring. On the other hand, electromechanical locks are designed to be networked and integrated into broader security systems. These locks can connect to the internet or other devices, allowing for remote access, monitoring, and control. This connectivity enables them to be part of a comprehensive security solution, where they can be managed centrally, integrated with surveillance and alarm systems, and provide real-time data and insights into access patterns and security events, offering a more dynamic and responsive approach to security.

The global mechanical and electromechanical locks market is experiencing dynamic shifts, driven by evolving security needs, technological advancements, and changing consumer preferences. While mechanical locks continue to hold a significant market share due to their affordability and reliability, the demand for electromechanical locks is rapidly growing, fueled by the desire for enhanced security, convenience, and smart home integration. The increasing adoption of smart home technology and the rising awareness about the benefits of connected devices are propelling the demand for electromechanical locks. These locks offer features like keyless entry, remote access control, and integration with other smart home devices, making them an attractive choice for tech-savvy consumers and businesses.

The commercial sector, particularly the hospitality and healthcare industries, is witnessing a significant uptake of electromechanical locks due to the need for enhanced security and efficient access management. Similarly, the residential sector is also embracing smart lock technology, driven by the desire for increased security and convenience. However, the high cost of electromechanical locks remains a challenge, especially in price-sensitive markets. This presents an opportunity for manufacturers to develop more affordable solutions without compromising on quality and features. Additionally, concerns regarding cybersecurity and data privacy associated with connected locks need to be addressed to ensure widespread adoption.

For the purpose of analysis, the mechanical and electromechanical locks market scope covers segmentation based on product type, installation type, end user, and region. The report provides information on various product types including mechanical locks and electromechanical locks. Furthermore, the major installation types covered in the study include new construction and replacement. In addition, it outlines the details of the end users such as hospitality, healthcare, corporate, residential, retail, and others. In addition, it analyzes the current market trends across different regions such as North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The global mechanical and electromechanical locks market key players are analyzed across Honeywell International Inc., Master Lock Company LLC, ASSA ABLOY, Dormakaba Group, Fortune Brands Innovations, Hager Companies, MIWA Lock Co., EMKA Beschlagteile GmbH & Co. KG, Allegion, DOM Security, and HOPPE Holding AG. Furth.er, the key players in India mechanical and electromechanical locks market includes Atom Technology, Godrej Locking Solutions and Systems, Harrison Locks, Kich architectural products Pvt. Ltd., Link Locks, Ozone Overseas Pvt. Ltd., Ramson Locks Co., Dorset Industries Pvt. Ltd., Howrah Lock Industries, and Atomberg Technologies Pvt. Ltd

Key Benefits For Stakeholders
●This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mechanical and electromechanical locks market analysis from 2023 to 2033 to identify the prevailing mechanical and electromechanical locks market opportunities.
●The market research is offered along with information related to key drivers, restraints, and opportunities.
●Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
●In-depth analysis of the mechanical and electromechanical locks market segmentation assists to determine the prevailing market opportunities.
●Major countries in each region are mapped according to their revenue contribution to the global market.
●Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
●The report includes the analysis of the regional as well as global mechanical and electromechanical locks market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:
● Quarterly Update and* (only available with a corporate license, on listed price)
● 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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● 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
● Free data Pack on the Five and Enterprise User License. (Excel version of the report)
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● Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
● Upcoming/New Entrant by Regions
● Go To Market Strategy
● New Product Development/ Product Matrix of Key Players
● Patient/epidemiology data at country, region, global level
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Average Selling Price Analysis / Price Point Analysis
● Brands Share Analysis
● Criss-cross segment analysis- market size and forecast
● Expanded list for Company Profiles
● Historic market data
● Import Export Analysis/Data
● Key player details (including location, contact details, supplier/vendor network etc. in excel format)
● List of customers/consumers/raw material suppliers- value chain analysis
● Market share analysis of players at global/region/country level
● Product Consumption Analysis
● SWOT Analysis
● Volume Market Size and Forecast
Key Market Segments
By Product Type
● Mechanical Locks
● Electromechanical Locks
By Installation Type
● New Construction
● Replacement
By End User
● Hospitality
● Healthcare
● Corporate
● Residential
● Retail
● Others
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ Germany
○ France
○ UK
○ Russia
○ Rest of Europe
● Asia-Pacific
○ China
○ India
○ Japan
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Allegion
○ Assa Abloy
○ Atomberg Technologies Pvt. Ltd.
○ Atom Technology
○ DOM Security
○ Dormakaba Holding AG
○ Dorset Industries Pvt. Ltd.
○ EMKA Beschlagteile GmbH & Co. KG
○ Fortune Brands Innovations
○ Godrej Locking Solutions and Systems
○ Hager companies
○ Harrison Locks
○ Honeywell International Inc.
○ HOPPE Holding AG
○ Howrah Lock Industries
○ Kich Architectural Products Pvt Ltd
○ Link
○ MIWA LOCK.
○ Ozone Overseas Pvt. Ltd.
○ Ramson Locks Co.

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in security and safety concerns
3.4.1.2. Technological Advancements
3.4.1.3. Surge in Infrastructure Development
3.4.2. Restraints
3.4.2.1. High Cost of Electromechanical Locks
3.4.3. Opportunities
3.4.3.1. Growing Adoption of Smart Homes
CHAPTER 4: MECHANICAL AND ELECTROMECHANICAL LOCKS MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Mechanical Locks
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Electromechanical Locks
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: MECHANICAL AND ELECTROMECHANICAL LOCKS MARKET, BY INSTALLATION TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. New Construction
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Replacement
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: MECHANICAL AND ELECTROMECHANICAL LOCKS MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Hospitality
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Healthcare
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Corporate
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Residential
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Retail
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
6.7. Others
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis by country
CHAPTER 7: MECHANICAL AND ELECTROMECHANICAL LOCKS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Product Type
7.2.3. Market size and forecast, by Installation Type
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Product Type
7.2.5.1.2. Market size and forecast, by Installation Type
7.2.5.1.3. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Product Type
7.2.5.2.2. Market size and forecast, by Installation Type
7.2.5.2.3. Market size and forecast, by End User
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Product Type
7.2.5.3.2. Market size and forecast, by Installation Type
7.2.5.3.3. Market size and forecast, by End User
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Product Type
7.3.3. Market size and forecast, by Installation Type
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by Product Type
7.3.5.1.2. Market size and forecast, by Installation Type
7.3.5.1.3. Market size and forecast, by End User
7.3.5.2. France
7.3.5.2.1. Market size and forecast, by Product Type
7.3.5.2.2. Market size and forecast, by Installation Type
7.3.5.2.3. Market size and forecast, by End User
7.3.5.3. UK
7.3.5.3.1. Market size and forecast, by Product Type
7.3.5.3.2. Market size and forecast, by Installation Type
7.3.5.3.3. Market size and forecast, by End User
7.3.5.4. Russia
7.3.5.4.1. Market size and forecast, by Product Type
7.3.5.4.2. Market size and forecast, by Installation Type
7.3.5.4.3. Market size and forecast, by End User
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by Product Type
7.3.5.5.2. Market size and forecast, by Installation Type
7.3.5.5.3. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Product Type
7.4.3. Market size and forecast, by Installation Type
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Product Type
7.4.5.1.2. Market size and forecast, by Installation Type
7.4.5.1.3. Market size and forecast, by End User
7.4.5.2. India
7.4.5.2.1. Market size and forecast, by Product Type
7.4.5.2.2. Market size and forecast, by Installation Type
7.4.5.2.3. Market size and forecast, by End User
7.4.5.3. Japan
7.4.5.3.1. Market size and forecast, by Product Type
7.4.5.3.2. Market size and forecast, by Installation Type
7.4.5.3.3. Market size and forecast, by End User
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by Product Type
7.4.5.4.2. Market size and forecast, by Installation Type
7.4.5.4.3. Market size and forecast, by End User
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by Product Type
7.4.5.5.2. Market size and forecast, by Installation Type
7.4.5.5.3. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Product Type
7.5.3. Market size and forecast, by Installation Type
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by Product Type
7.5.5.1.2. Market size and forecast, by Installation Type
7.5.5.1.3. Market size and forecast, by End User
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by Product Type
7.5.5.2.2. Market size and forecast, by Installation Type
7.5.5.2.3. Market size and forecast, by End User
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by Product Type
7.5.5.3.2. Market size and forecast, by Installation Type
7.5.5.3.3. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2023
CHAPTER 9: COMPANY PROFILES
9.1. Allegion
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.2. Dormakaba Holding AG
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. DOM Security
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.4. HOPPE Holding AG
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. MIWA LOCK.
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. Honeywell International Inc.
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Assa Abloy
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. Fortune Brands Innovations
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.9. Hager companies
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Atom Technology
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.11. Atomberg Technologies Pvt. Ltd.
9.11.1. Company overview
9.11.2. Key executives
9.11.3. Company snapshot
9.11.4. Operating business segments
9.11.5. Product portfolio
9.12. Godrej Locking Solutions and Systems
9.12.1. Company overview
9.12.2. Key executives
9.12.3. Company snapshot
9.12.4. Operating business segments
9.12.5. Product portfolio
9.12.6. Business performance
9.13. Harrison Locks
9.13.1. Company overview
9.13.2. Key executives
9.13.3. Company snapshot
9.13.4. Operating business segments
9.13.5. Product portfolio
9.14. Kich Architectural Products Pvt Ltd
9.14.1. Company overview
9.14.2. Key executives
9.14.3. Company snapshot
9.14.4. Operating business segments
9.14.5. Product portfolio
9.15. Link
9.15.1. Company overview
9.15.2. Key executives
9.15.3. Company snapshot
9.15.4. Operating business segments
9.15.5. Product portfolio
9.16. Ozone Overseas Pvt. Ltd.
9.16.1. Company overview
9.16.2. Key executives
9.16.3. Company snapshot
9.16.4. Operating business segments
9.16.5. Product portfolio
9.17. Ramson Locks Co.
9.17.1. Company overview
9.17.2. Key executives
9.17.3. Company snapshot
9.17.4. Operating business segments
9.17.5. Product portfolio
9.18. Dorset Industries Pvt. Ltd.
9.18.1. Company overview
9.18.2. Key executives
9.18.3. Company snapshot
9.18.4. Operating business segments
9.18.5. Product portfolio
9.19. Howrah Lock Industries
9.19.1. Company overview
9.19.2. Key executives
9.19.3. Company snapshot
9.19.4. Operating business segments
9.19.5. Product portfolio
9.20. EMKA Beschlagteile GmbH & Co. KG
9.20.1. Company overview
9.20.2. Key executives
9.20.3. Company snapshot
9.20.4. Operating business segments
9.20.5. Product portfolio