Mechanical and Electromechanical Locks Market Analysis, Size

Name: Mechanical and Electromechanical Locks Market - Global Outlook & Forecast 2022-2027
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THE MECHANICAL AND ELECTROMECHANICAL LOCKS MARKET WAS VALUED AT USD 17.57 BILLION IN 2021 AND IS EXPECTED TO REACH USD 24.63 BILLION BY 2027, GROWING AT A CAGR OF 5.79% DURING 2022-2027

Mechanical and Electromechanical Locks Market Size, Share & Trends Analysis Report by

Product Type: Mechanical Locks and Electromechanical Locks
Installation: Replacement and New Construction
End-User: Hospitality, Corporate, Retail, Healthcare, Residential, Education, and Others
Geography: APAC, Europe, North America, Latin America, and the Middle East and Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2022–2027.

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Most Exhaustive Report

324 Pages

130 Tables

123 Charts

5 Regions

23 Countries

33 Companies

4 Market Segment

MECHANICAL AND ELECTROMECHANICAL LOCKS MARKET REPORT SCOPE

Report Attribute	Details
MARKET SIZE (REVENUE)	USD 24.63 BILLION (2027)
CAGR (REVENUE)	5.79% (2022-2027)
BASE YEAR	2021
FORECAST PERIOD	2022 – 2027
MARKET SEGMENTS	Product Type (Mechanical Locks and Electromechanical Locks), Installation (Replacement and New Construction), and End-User (Hospitality, Corporate, Retail, Healthcare, Residential, Education and Others)
GEOGRAPHICAL ANALYSIS	APAC, Europe, North America, Latin America, and MEA
COUNTRIES COVERED	China, Japan, South Korea, India, Australia, Singapore, Germany, UK, France, Italy, Spain, Poland, US, Canada, Mexico, Brazil, Argentina, Peru, UAE, Turkey, Saudi Arabia, South Africa, and Kenya

MARKET INSIGHTS

The Mechanical and electromechanical locks market is expected to grow at a CAGR of 5.79% from 2022 to 2027 and is expected to cross $23 billion by 2027 from $16 billion in 2022. Mechanical and electromechanical locks have an established market worldwide, and their demand is driven by the adoption of new doors in all buildings. Locks and access control systems have always been a standard component in residential and non-residential buildings, including commercial and industrial ones. Locks now have a long-established market. Electromechanical locks currently available in the market are compatible with the latest smart home technologies and existing network infrastructure of commercial premises, which allows the implementation of easy and secure access control parameters and provides protection against unauthorized ingress or egress to the corporate office, commercial spaces, and homes.

Locks find application in various areas, including the residential, educational institutions, retail stores, warehouses, pharmaceutical companies, and other sectors. The growing need for safety in various highly security-driven areas such as hospitals, government buildings, banks, and others is pushing the demand for smart electromechanical locks with tighter security features. Hence, this is expected to push the demand for electromechanical locks in the market.

The growth of the APAC locks market is mainly driven by China, South Korea, Japan, Australia, and India. The mechanical locks market has the largest share. The electromechanical locks market is expected to grow fastest, with a CAGR of 6.79% between 2022 and 2027. Emerging technologies such as the Internet of Things (IoT) and Machine Learning play a prominent role in digitalizing locks. IoT is increasingly gaining momentum across various sectors and provides significant growth opportunities for electromechanical locks in the market. Smart electromechanical locks promote efficiency, save time, and provide a better experience to users. People are increasingly opting for smart products and are equipping their homes with devices that enable home automation. Hence, the continuous innovations to upgrade the electromechanical locks will likely support the market growth.

The following factors are likely to contribute to the mechanical and electromechanical locks market growth:

Wireless Access Control & Locking
High Potential in Emerging Markets
The emergence of New Technologies (IoT, AI/ML)
Increasing Number of Smart Homes
Growing Construction in the Commercial Sector
Coworking Spaces Driving Demand for Digital Locks
Demand for Electronic Access Control from the Hospitality Sector

KEY HIGHLIGHTS

Mechanical and electromechanical locks have an established market worldwide, and their demand is also driven by the adoption of new doors in all buildings. Locks have always been a standard component in residential and non-residential buildings, including commercial and industrial buildings, and locks now have a long-established market.
As the global construction industry rebounds from the impact of COVID-19, the market is expected to witness developments among high construction zones, with some of the developments precipitating to local levels, creating some degree of pull demand for new and innovative products.
New hotels and rooms increase present opportunities for mechanical and electromechanical locks. The demand for electromechanical locks is driven by the growing need for hotel digital access control capabilities.
Hospitals are important for vendors as they run on high capacity and need replacement doors with the potential to access control systems, thereby driving the demand for both mechanical and electromechanical locks.

MARKET SEGMENTATION

The surge in the growth of the electromechanical and mechanical locks market in the Latin American region is mainly due to the new construction of small & medium scale corporate offices as well as replacement & renovation activities in the residential, industrial & educational segments.

The demand for electromechanical locks is rising as part of renovation activities, especially in developed countries. These locks offer image and video capturing functionalities and alarm settings from remote locations, making the market growth through its unique innovations.

Mechanical locks also adopt automatic and glass doors as terminal locking systems. As in such doors, mechanical locks are installed to keep them closed when the premises are shut, for instance, retail outlets and corporate premises at night. Hence, such developments are also propelling the demand for mechanical locks across the globe.

Developed countries like North America adopt a higher degree of electromechanical locks. Over 1.5 million homes in North America use electromechanical locks, which include electronic-only or electronic functions with mechanical operation. In addition, the adoption rate of smart locks in the U.S. is anticipated to witness unprecedented growth during the forecast period.

VENDOR ANALYSIS

The vendors will pursue growth by acquisitions as numerous small-scale vendors are active in towns and small regions. These small vendors have a presence all over their marketplace; thus, acquiring them gives an edge to the vendors to have a strong, firm grip in the market.

Due to the rising traction of innovative and high-quality mechanical and electromechanical locks in emerging countries, these markets hold high potential for the entry of multinational vendors, especially in the field of electromechanical locks.

Market vendors must introduce and invest in various products to survive and succeed in a competitive environment. They must distinguish their offerings through a clear and unique value proposition to different end-user segments. Thus, to compete, the differentiation of the products will depend on providing an exclusive value proposition and a unique experience to end-users.

The growth of the players in the market depends on the condition, overall GDP growth, and industry development. High capital requirements and rapid technological advances are the major entry barriers for new players. Thereby, to attain sustainability in the market, vendors need to expand into other geographies and revive domestic demand.

GEOGRAPHICAL ANALYSIS

APAC has the highest potential for electromechanical and mechanical locks, mainly driven by a surge in building construction activities in rural and urban areas and rising demand for digital locks in replacement activities to accelerate the market growth.

Driven by new construction in the residential and retail segments, the Middle East and Africa have a higher potential for mechanical locks than Europe and North America. The region is also expected to present profitable prospects for the electromechanical segment. However, the demand for electromechanical locks will be confined to selected countries and end-user segments.

The construction market output in the APAC region is expected to grow due to strong investments in infrastructure spending, especially in Australia, China, Hong Kong, Japan, the Philippines, Singapore, Taiwan, Thailand, Myanmar, and Vietnam; the APAC locks market is to emerge as the most potential region in the mechanical and electromechanical locks market.

The increasing construction activities in GCC countries and proactive government policies result in rising demand for new buildings, subsequently driving the demand for new locks.

Mechanical and Electromechanical Locks Market - Global Outlook & Forecast 2022-2027

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Frequently Asked Questions

What are the mechanical and electromechanical locks market size and growth by 2027?

The global mechanical and electromechanical locks market was valued at USD 17.57 billion in 2021 and is expected to reach 24.63 billion by 2027, growing at a CAGR of 5.79%.

Which region is generating the largest revenue in the mechanical and electromechanical locks market?

The APAC holds the largest revenue in the global mechanical & electromechanical locks market.

Who are the key players in the mechanical and electromechanical locks market?

Key players include Allegion, ASSA ABLOY, Honeywell, Master Lock, Dormakaba Group

What are the primary factors that is fostering the market growth for electromechanical locks?

The growing demand for dynamic and multi-optional locking and unlocking mechanisms is the primary factor that is fostering the market growth for electromechanical locks

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The mechanical and electromechanical locks market by revenue is expected to grow at a CAGR of 5.79% from 2022–2027.

Base Year: 2021

Forecast year: 2022-2027

The report considers the present scenario of the mechanical and electromechanical locks market and its market dynamics for the period 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.

PROMINENT VENDORS

Allegion
- Business Overview
- Product Offerings
- Key Strategies
- Key Strengths
- Key Opportunities
ASSA ABLOY
Honeywell
Master Lock
Dormakaba Group

OTHER PROMINENT VENDORS

ABUS
- Business Overview
- Product Offerings
Alban Giacomo
Brisant-Secure
Baldwin Hardware
Cal-Royal
Codelocks
Deltana Enterprises
DOM Security
Dynasty Hardware
GEZE
Godrej
Gretsch-Unitas (G-U)
Guangdong Archie Hardware
Hager Group
Hampton Products International
ISEO
Kason Hardware
Keyu Intelligence Co
Kiwi
Lawrence Hardware
Oubao
Onity
PERCo
PRIME-LINE Products
Rejuvenation
SAFETRON
Southco
Tell Manufacturing

Market Segmentation by Product Type

Mechanical Locks
Electromechanical Locks

Market Segmentation by Installation

Replacement
New Construction

Market Segmentation by End-User

Hospitality
Corporate
Retail
Healthcare
Residential
Education
Others

Market Segmentation by Geography

APAC
- China
- Japan
- South Korea
- India
- Australia
- Singapore
Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
North America
- US
- Canada
Latin America
- Mexico
- Brazil
- Argentina
- Peru
Middle East and Africa
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Kenya

1 Research Methodology
2 Research Objectives
3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope Of The Study
4.1 Market Segments
4.1.1 Market Segmentation By Type
4.1.2 Market Segmentation By Installation
4.1.3 Market Segmentation By End-User
4.1.4 Market Segmentation By Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Key Highlights Of Global Residential Construction Sector
7.2 Value Chain Analysis
7.2.1 Raw Material Supplier
7.2.2 Manufacturer
7.2.3 Distributor/Wholesaler
7.2.4 Integrator/ Installer
7.2.5 End-User
7.3 Covid-19 Impact

8 Market Opportunities & Trends
8.1 Increasing Demand For Wireless Access Control & Locking
8.2 Growing Potential In Emerging Markets
8.3 Rising Emergence Of New Technologies (IOT, AI/ML)
8.4 Increasing Number Of Smart Homes

9 Market Growth Enablers
9.1 Growing Construction In Commercial Sector
9.2 Increasing Demand For Digital Locks From Coworking Spaces
9.3 Growing Demand For Electronic Access Control From Hospitality Sector
9.4 Increasing Demand For Safety & Convenience

10 Market Growth Restraints
10.1 Growing Security Risks In Smart Devices
10.2 Increasing Restraints In Construction Industry
10.2.1 Interrupted Global Building Construction Industry
10.2.2 Non-Profitable Cost Trade-Off
10.2.3 Volatility In Raw Materials
10.3 Rising Turbulent Political & Trade Relations
10.4 Competitive Marketplace

11 Market Landscape
11.1 Market Overview
11.2 Geographic Insights
11.3 Market Size & Forecast
11.4 Five Forces Analysis
11.4.1 Threat Of New Entrants
11.4.2 Bargaining Power Of Suppliers
11.4.3 Bargaining Power Of Buyers
11.4.4 Threat Of Substitutes
11.4.5 Competitive Rivalry

12 Product Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Mechanical Locks
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market By Geography
12.4 Electromechanical Locks
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market By Geography (2018-2027)

13 Installation
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Replacement
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market By Geography (2018-2027)
13.4 New Construction
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market By Geography (2018-2027)

14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Hospitality
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market By Geography (2018-2027)
14.4 Corporate
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market By Geography
14.5 Retail
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market By Geography (2018-2027)
14.6 Healthcare
14.6.1 Market Overview
14.6.2 Market Size & Forecast
14.6.3 Market By Geography (2018-2027)
14.7 Residential
14.7.1 Market Overview
14.7.2 Market Size & Forecast
14.7.3 Market By Geography
14.8 Education
14.8.1 Market Overview
14.8.2 Market Size & Forecast
14.8.3 Market By Geography (2018-2027)
14.9 Others
14.9.1 Market Overview
14.9.2 Warehouses
14.9.3 Government Sector
14.9.4 Transport & Logistics
14.9.5 Market Size & Forecast
14.9.6 Market By Geography (2018-2027)

15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview

16 APAC
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Product Type
16.3.1 Market Size & Forecast 2018-2027
16.4 Installation
16.4.1 Market Size & Forecast 2018-2027
16.5 End-User
16.5.1 Market Size & Forecast 2018-2027
16.6 Key Countries
16.6.1 China: Market Size & Forecast
16.6.2 Japan: Market Size & Forecast
16.6.3 South Korea: Market Size & Forecast
16.6.4 India: Market Size & Forecast
16.6.5 Australia: Market Size & Forecast
16.6.6 Singapore: Market Size & Forecast
17 Europe
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Product Type
17.3.1 Market Size & Forecast 2018-2027
17.4 Installation
17.4.1 Market Size & Forecast 2018-2027
17.5 End-User
17.5.1 Market Size & Forecast 2018-2027
17.6 Key Countries
17.6.1 Germany: Market Size & Forecast
17.6.2 UK: Market Size & Forecast
17.6.3 France: Market Size & Forecast
17.6.4 Italy: Market Size & Forecast
17.6.5 Spain: Market Size & Forecast
17.6.6 Poland: Market Size & Forecast

18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Product Type
18.3.1 Market Size & Forecast 2018-2027
18.4 Installation
18.4.1 Market Size & Forecast 2018-2027
18.5 End-User
18.5.1 Market Size & Forecast 2018-2027
18.6 Key Countries
18.6.1 US: Market Size & Forecast
18.6.2 Canada: Market Size & Forecast

19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Product Type
19.3.1 Market Size & Forecast
19.4 Installation
19.4.1 Market Size & Forecast
19.5 End-User
19.5.1 Market Size & Forecast 2018-2027
19.6 Key Countries
19.6.1 Mexico: Market Size & Forecast
19.6.2 Brazil: Market Size & Forecast
19.6.3 Argentina: Market Size & Forecast
19.6.4 Peru: Market Size & Forecast

20 Middle East & Africa
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Product Type
20.3.1 Market Size & Forecast 2018-2027
20.4 Installation
20.4.1 Market Size & Forecast 2018-2027
20.5 End-User
20.5.1 Market Size & Forecast 2018-2027
20.6 Key Countries
20.6.1 UAE: Market Size & Forecast
20.6.2 Turkey: Market Size & Forecast
20.6.3 Saudi Arabia: Market Size & Forecast
20.6.4 South Africa: Market Size & Forecast
20.6.5 Kenya: Market Size & Forecast

21 Competitive Landscape
21.1 Competition Overview
21.1.1 New Doors Need New Locks

22 Key Company Profiles

22.1 ALLEGION
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strengths
22.1.4 Key Strategies
22.1.5 Key Opportunity

22.2 ASSA ABLOY
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strengths
22.2.4 Key Strategies
22.2.5 Key Opportunities

22.3 HONEYWELL
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strategies
22.3.4 Key Strengths
22.3.5 Key Opportunities

22.4 MASTER LOCK
22.4.1 Business Overview
22.4.2 Product Offerings
22.4.3 Key Strategies
22.4.4 Key Strengths
22.4.5 Key Opportunities

22.5 DORMAKABA GROUP
22.5.1 Business Overview
22.5.2 Product Offerings
22.5.3 Key Strengths
22.5.4 Key Strategies
22.5.5 Key Opportunity

23 Other Prominent Vendors
23.1 ABUS
23.1.1 Business Overview
23.1.2 Product Offerings
23.2 ALBAN GIACOMO
23.2.1 Business Overview
23.2.2 Product Offerings
23.3 BRISANT-SECURE
23.3.1 Business Overview
23.3.2 Product Offerings
23.4 BALDWIN HARDWARE
23.4.1 Business Overview
23.4.2 Product Offerings
23.5 CAL-ROYAL
23.5.1 Business Overview
23.5.2 Product Offerings
23.6 CODELOCKS
23.6.1 Business Overview
23.6.2 Product Offerings
23.7 DELTANA ENTERPRISES
23.7.1 Business Overview
23.7.2 Product Offerings
23.8 DOM SECURITY
23.8.1 Business Overview
23.8.2 Product Offerings
23.9 DYNASTY HARDWARE
23.9.1 Business Overview
23.9.2 Product Offerings
23.10 GEZE
23.10.1 Business Overview
23.10.2 Product Offerings
23.11 GODREJ
23.11.1 Business Overview
23.11.2 Product Offerings
23.12 GRETSCH-UNITAS (G-U)
23.12.1 Business Overview
23.12.2 Product Offerings
23.13 GUANGDONG ARCHIE HARDWARE
23.13.1 Business Overview
23.13.2 Product Offerings
23.14 HAGER GROUP
23.14.1 Business Overview
23.14.2 Product Offerings
23.15 HAMPTON PRODUCTS INTERNATIONAL
23.15.1 Business Overview
23.15.2 Product Offerings
23.16 ISEO
23.16.1 Business Overview
23.16.2 Product Offerings
23.17 KASON HARDWARE
23.17.1 Business Overview
23.17.2 Product Offerings
23.18 KEYU INTELLIGENCE CO (HUNE)
23.18.1 Business Overview
23.18.2 Product Offerings
23.19 KIWI
23.19.1 Business Overview
23.19.2 Product Offerings
23.20 LAWRENCE HARDWARE
23.20.1 Business Overview
23.20.2 Product Offerings
23.21 OUBAO
23.21.1 Business Overview
23.21.2 Product Offerings
23.22 ONITY
23.22.1 Business Overview
23.22.2 Product Offerings
23.23 PERCO
23.23.1 Business Overview
23.23.2 Product Offerings
23.24 PRIME-LINE PRODUCTS
23.24.1 Business Overview
23.24.2 Product Offerings
23.25 REJUVENATION
23.25.1 Business Overview
23.25.2 Product Offerings
23.26 SAFETRON
23.26.1 Business Overview
23.26.2 Product Offerings
23.27 SOUTHCO
23.27.1 Business Overview
23.27.2 Product Offerings
23.28 TELL MANUFACTURING
23.28.1 Business Overview
23.28.2 Product Offerings

24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations

25 Quantitative Summary
25.1 Market By Geography
25.2 APAC: Product Type
25.2.1 Market Size & Forecast
25.3 APAC: Installation
25.3.1 Market Size & Forecast
25.4 APAC: End-User
25.4.1 Market Size & Forecast
25.5 Europe: Product Type
25.5.1 Market Size & Forecast
25.6 Europe: Installation
25.6.1 Market Size & Forecast
25.7 Europe: End-User
25.7.1 Market Size & Forecast
25.8 North America: Product Type
25.8.1 Market Size & Forecast
25.9 North America: Installation
25.9.1 Market Size & Forecast
25.10 North America: End-User
25.10.1 Market Size & Forecast
25.11 Latin America: Product Type
25.11.1 Market Size & Forecast
25.12 Latin America: Installation
25.12.1 Market Size & Forecast
25.13 Latin America: End-User
25.13.1 Market Size & Forecast
25.14 MEA: Product Type
25.14.1 Market Size & Forecast
25.15 MEA: Installation
25.15.1 Market Size & Forecast
25.16 MEA: End-User
25.16.1 Market Size & Forecast
25.17 Product Type: Market Size & Forecast
25.18 Mechanical Locks
25.19 Electromechanical Locks
25.20 Installation: Market Size & Forecast
25.21 Replacement
25.22 New Construction
25.23 End-User: Market Size & Forecast
25.24 Hospitality
25.25 Corporate
25.26 Retail
25.27 Healthcare
25.28 Residential
25.29 Education
25.30 Other End-Users

26 Appendix
26.1 Abbreviations

LIST OF EXHIBITS
Exhibit 1 Segmentation of Global Mechanical & Electromechanical Locks Market
Exhibit 2 Market Size Calculation Approach 2021
Exhibit 3 Adoption Degree of Mechanical & Electromechanical Lock Types
Exhibit 4 Demand for Prefabricated Homes in Select European Countries (thousand units)
Exhibit 5 Consumer Likelihood of Working with Smart Locks
Exhibit 6 Value Chain Overview
Exhibit 7 Impact of Increasing Demand for Wireless Access Control & Locking
Exhibit 8 Consumer Willingness to Buy Wireless Locks & Access Control Systems
Exhibit 9 Impact of Growing Potential in Emerging Markets
Exhibit 10 CAGR & Absolute Growth by Geography 2021–2027 (%)
Exhibit 11 Impact of Rising Emergence of New Technologies (IoT, AI/ML)
Exhibit 12 Architecture of Internet of Things (IoT)
Exhibit 13 Impact of Increasing Number of Smart Homes
Exhibit 14 Most Used Products by Global Population in Smart Homes (%)
Exhibit 15 Impact of Growing Construction in Commercial Sector
Exhibit 16 Impact of Increasing Demand for Digital Locks from Coworking Spaces
Exhibit 17 Global Growth in Coworking Spaces (2015–2022)
Exhibit 18 Impact of Growing Demand for Electronic Access Control from Hospitality Sector
Exhibit 19 Global Construction Pipeline for New Hotels 2021
Exhibit 20 Impact of Increasing Demand for Safety & Convenience
Exhibit 21 Impact of Growing Security Risks in Smart Devices
Exhibit 22 Impact of Increasing Restraints in Construction Industry
Exhibit 23 Impact of Rising Turbulent Political & Trade Relations
Exhibit 24 Impact of Competitive Marketplace
Exhibit 25 Key Competitive Factors in Mechanical & Electromechanical Locks Market
Exhibit 26 Key Factors to Define Global Economic Development
Exhibit 27 Key Geographic Insights 2021–2027
Exhibit 28 Global Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 29 Incremental Growth of Mechanical & Electromechanical Locks by End-user 2021–2027 ($ million)
Exhibit 30 Five Forces Analysis 2021
Exhibit 31 Incremental Growth by Product Type 2021 & 2027
Exhibit 32 Global Market Overview by Product Type 2021–2027 (revenue %)
Exhibit 33 Revenue Growth of Mechanical & Electromechanical Locks by Geography 2021–2027 ($ million)
Exhibit 34 Global Mechanical Locks Market 2021–2027 ($ million)
Exhibit 35 Global Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 36 Incremental Growth by Installation 2021 & 2027
Exhibit 37 Global Market Overview by Installation 2021–2027 (revenue share %)
Exhibit 38 Growth Momentum for Global Locks Market by Installation
Exhibit 39 Global Replacement Locks Market 2021–2027 ($ million)
Exhibit 40 Global Scenario of Construction Activity 2021
Exhibit 41 Global New Construction Locks Market 2021–2027 ($ million)
Exhibit 42 Incremental Growth by End-user 2021 & 2027
Exhibit 43 Global Market Overview by End-user 2021–2027 (CAGR %)
Exhibit 44 End-user Segment Overview: Incremental Revenue & Absolute Growth 2021–2027
Exhibit 45 Global Hotel Construction Insights 2020
Exhibit 46 Hospitality Sector in Various Regions
Exhibit 47 Global Hospitality Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 48 Global Corporate Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 49 Retail Inventory Shrinkage: Opportunities for Smart Digital Locks
Exhibit 50 Global Retail Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 51 US Healthcare Sector Highlights
Exhibit 52 Global Healthcare Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 53 Smart Locks: Adoption Levels in Multi-family Housing Sector
Exhibit 54 New Residential Construction in US 2021 (million units)
Exhibit 55 Global Residential Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 56 Global Education Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 57 Other End-users of Mechanical & Electromechanical Locks
Exhibit 58 Global Other Mechanical & Electromechanical Locks Market 2021–2027 ($ million)
Exhibit 59 Incremental Growth by Geography 2021 & 2027
Exhibit 60 Global Market Overview by Geography 2021 (revenue %)
Exhibit 61 Global Market: Incremental Growth Analysis by Geography 2021–2027
Exhibit 62 CAGR Comparison of Key Countries Worldwide 2021 (%)
Exhibit 63 APAC Insights
Exhibit 64 APAC: Revenue Increment Overview of End-users 2021–2027 ($ million)
Exhibit 65 APAC Mechanical & Electromechanical Locks Market by Type 2021 (Revenue %)
Exhibit 66 Global vs. APAC: Incremental Growth for Locks by Product Type 2027 ($ million)
Exhibit 67 APAC Mechanical & Electromechanical Market 2021–2027 ($ million)
Exhibit 68 Incremental Growth in APAC 2021 & 2027
Exhibit 69 Mechanical & Electromechanical Locks Market in China 2021–2027 ($ million)
Exhibit 70 Population Aged Above 65 in Japan 2011–2020 (%)
Exhibit 71 Mechanical & Electromechanical Locks Market in Japan 2021–2027 ($ million)
Exhibit 72 Mechanical & Electromechanical Locks Market in South Korea 2021–2027 ($ million)
Exhibit 73 Growth in New Office Space in Key Indian Cities H1 2020-H1 2021 (million sq. ft.)
Exhibit 74 Recent Investments & Developments in Indian Construction Sector
Exhibit 75 Mechanical & Electromechanical Locks Market in India 2021–2027 ($ million)
Exhibit 76 Investment by Various Sectors in Australia Q4 2020
Exhibit 77 Construction Value Output March 2021 ($ billion)
Exhibit 78 Mechanical & Electromechanical Market in Australia 2021–2027 ($ million)
Exhibit 79 Mechanical & Electromechanical Locks Market in Singapore 2021–2027 ($ million)
Exhibit 80 Market Size & Incremental Growth of Major European Countries 2021 ($ million)
Exhibit 81 Europe: Revenue Increment Overview of End-users 2021–2027 ($ million)
Exhibit 82 Incremental Revenue Share by Installation in Europe 2021–2027 (revenue %)
Exhibit 83 Europe Mechanical & Electromechanical Market 2021–2027 ($ million)
Exhibit 84 Incremental Growth in Europe 2021 & 2027
Exhibit 85 Turnover of Construction Industry in Germany June 2019–March 2020 ($ million)
Exhibit 86 Mechanical & Electromechanical Locks Market in Germany 2021–2027 ($ million)
Exhibit 87 Mechanical & Electromechanical Locks Market in UK 2021–2027 ($ million)
Exhibit 88 Investment in Logistics in France 2016-2020 ($ million)
Exhibit 89 Mechanical & Electromechanical Locks Market in France 2021–2027 ($ million)
Exhibit 90 Key Export Insights in Italy 2021
Exhibit 91 Mechanical & Electromechanical Locks Market in Italy 2021–2027 ($ million)
Exhibit 92 Mechanical & Electromechanical Locks Market in Spain 2021–2027 ($ million)
Exhibit 93 Mechanical & Electromechanical Locks Market in Poland 2021–2027 ($ million)
Exhibit 94 Increase in Household Units in US (million units)
Exhibit 95 North America: Revenue Increment Overview of End-users 2021–2027 ($ million)
Exhibit 96 Mechanical & Electromechanical Locks Market by Type in North America 2021 (revenue %)
Exhibit 97 Hotels in Pipeline in North America
Exhibit 98 North America Mechanical & Electromechanical Market 2021–2027 ($ million)
Exhibit 99 Incremental Growth in North America 2021 & 2027
Exhibit 100 Crime Statistics in US (2019)
Exhibit 101 Mechanical & Electromechanical Locks Market in US 20201–2027 ($ million)
Exhibit 102 Factors Impacting Demand for Mechanical & Electromechanical Locks in Canada
Exhibit 103 Mechanical & Electromechanical Locks Market in Canada 2021–2027 ($ million)
Exhibit 104 Latin America: Revenue Increment Overview of End-users 2021–2027
Exhibit 105 Market Share & Revenue Increment Analysis by Installation in Latin America 2021–2027
Exhibit 106 Latin America Mechanical & Electromechanical Market 2021–2027 ($ million)
Exhibit 107 Incremental Growth in Latin America 2021 & 2027
Exhibit 108 Mechanical & Electromechanical Locks Market in Mexico 2021–2027 ($ million)
Exhibit 109 Mechanical & Electromechanical Locks Market in Brazil 2021–2027 ($ million)
Exhibit 110 Mechanical & Electromechanical Locks Market in Argentina 2021–2027 ($ million)
Exhibit 111 Infrastructure Projects in Pipeline in Peru 2021
Exhibit 112 Mechanical & Electromechanical Locks Market in Peru 2021–2027 ($ million)
Exhibit 113 Middle East & Africa: Revenue Increment Overview of End-users 2021–2027
Exhibit 114 Market Share & Revenue Increment Analysis by Lock Type in MEA 2021–2027
Exhibit 115 Mechanical & Electromechanical Market in MEA 2021–2027 ($ million)
Exhibit 116 Incremental Growth in Middle East & Africa 2021 & 2027
Exhibit 117 Mechanical & Electromechanical Locks Market in UAE 2021–2027 ($ million)
Exhibit 118 Mechanical & Electromechanical Locks Market in Turkey 2021–2027 ($ million)
Exhibit 119 Mechanical & Electromechanical Locks Market in Saudi Arabia 2021–2027 ($ million)
Exhibit 120 Decline in South Africa Construction Industry 2020 (%)
Exhibit 121 Mechanical & Electromechanical Locks Market in South Africa 2021–2027 ($ million)
Exhibit 122 Healthcare Projects Supporting Mechanical & Electromechanical Locks Market
Exhibit 123 Mechanical & Electromechanical Locks Market in Kenya 2021–2027 ($ million)

LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2015−2021
Table 3 Volume Growth in Selected Residential Construction Markets (%)
Table 4 Global Mechanical & Electromechanical Market by Product Type 2018–2020 ($ million)
Table 5 Global Mechanical & Electromechanical Market by Product Type 2021–2027 ($ million)
Table 6 Global Mechanical Locks Market by Geography 2018–2020 ($ million)
Table 7 Global Mechanical Locks Market by Geography 2021–2027 ($ million)
Table 8 Global Electromechanical Locks Market by Geography 2018–2020 ($ million)
Table 9 Global Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 10 Global Mechanical & Electromechanical Market by Installation 2018–2020 ($ million)
Table 11 Global Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 12 Door Area in Public Buildings in Select European Countries 2019 (thousand sq. m.)
Table 13 Global Mechanical & Electromechanical Locks Replacement Market by Geography 2018–2020 ($ million)
Table 14 Global Mechanical & Electromechanical Locks Replacement Market by Geography 2021–2027 ($ million)
Table 15 Global New Construction Mechanical & Electromechanical Locks Market by Geography 2018- 2020 ($ million)
Table 16 Global New Construction Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 17 Global Mechanical & Electromechanical Market by End-user 2018–2020 ($ million)
Table 18 Global Mechanical & Electromechanical Market by End-user 2021–2027 ($ million)
Table 19 Global Hospitality Mechanical & Electromechanical Locks Market by Geography 2018–2020 ($ million)
Table 20 Global Hospitality Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 21 Private Office Building Construction Projects in US 2019
Table 22 Global Corporate Mechanical & Electromechanical Locks Market by Geography 2018–2020 ($ million)
Table 23 Global Corporate Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 24 Global Retail Mechanical & Electromechanical Locks Market by Geography 2018–2020 ($ million)
Table 25 Global Retail Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 26 Global Healthcare Mechanical & Electromechanical Locks Market by Geography 2018–2020 ($ million)
Table 27 Global Healthcare Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 28 Global Residential Mechanical & Electromechanical Locks Market by Geography 2018–2020 ($ million)
Table 29 Global Residential Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 30 Global Education Mechanical & Electromechanical Locks Market by Geography 2018-2020 ($ million)
Table 31 Global Education Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 32 Global Other Mechanical & Electromechanical Locks Market by Geography 2018–2020 ($ million)
Table 33 Global Other Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 34 APAC Mechanical & Electromechanical Locks Market by Product Type 2018–2020 ($ million)
Table 35 APAC Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 36 APAC Mechanical & Electromechanical Locks Market by Installation 2018–2020 ($ million)
Table 37 APAC Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 38 APAC Mechanical & Electromechanical Locks Market by End-user 2018–2020 ($ million)
Table 39 APAC Mechanical & Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 40 Europe Mechanical & Electromechanical Locks Market by Product Type 2018–2020 ($ million)
Table 41 Europe Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 42 Europe Mechanical & Electromechanical Locks Market by Installation 2018–2020 ($ million)
Table 43 Europe Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 44 Europe Mechanical and Electromechanical Locks Market by End-user 2018–2020 ($ million)
Table 45 Europe Mechanical and Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 46 Under Construction & Proposed Skyscrapers in Germany 2021–2022
Table 47 Completed & New Construction Statistics for Poland: January 2021–August 2021
Table 48 Mechanical & Electromechanical Locks Market by Product Type 2018–2020 ($ million)
Table 49 Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 50 Mechanical & Electromechanical Locks Market by Installation 2018–2020 ($ million)
Table 51 Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 52 North America Mechanical & Electromechanical Locks Market by End-user 2018–2020 ($ million)
Table 53 North America Mechanical & Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 54 Mechanical & Electromechanical Locks Market by Product Type 2018–2020 ($ million)
Table 55 Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 56 Mechanical & Electromechanical Locks Market by Installation 2018–2020 ($ million)
Table 57 Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 58 Latin America Mechanical & Electromechanical Locks Market by End-user 2018–2020 ($ million)
Table 59 Latin America Mechanical & Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 60 Under Construction & Proposed Skyscrapers in Mexico 2021
Table 61 MEA Mechanical & Electromechanical Locks Market by Product Type 2018−2020 ($ million)
Table 62 MEA Mechanical & Electromechanical Locks Market by Product Type 2021−2027 ($ million)
Table 63 MEA Mechanical & Electromechanical Locks Market by Installation 2018–2020 ($ million)
Table 64 MEA Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 65 MEA Mechanical and Electromechanical Locks Market by End-user 2018–2020 ($ million)
Table 66 MEA Mechanical and Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 67 Allegion: Major Product Offerings
Table 68 ASSA ABLOY: Major Product Offerings
Table 69 Honeywell: Major Product Offerings
Table 70 Master Lock: Major Product Offerings
Table 71 DORMAKABA Group: Major Product Offerings
Table 72 ABUS: Major Product Offerings
Table 73 Alban Giacomo: Major Product Offerings
Table 74 BRISANT-Secure: Major Product Offerings
Table 75 Baldwin Hardware: Major Product Offerings
Table 76 Cal-Royal: Major Product Offerings
Table 77 CODELOCKS: Major Product Offerings
Table 78 Deltana Enterprises: Major Product Offerings
Table 79 DOM Security: Major Product Offerings
Table 80 Dynasty Hardware: Major Product Offerings
Table 81 GEZE: Major Product Offerings
Table 82 Godrej: Major Product Offerings
Table 83 Gretsch-UNITAS: Major Product Offerings
Table 84 Guangdong Archie Hardware: Major Product Offerings
Table 85 Hager Group: Major Product Offerings
Table 86 Hampton Products International: Major Product Offerings
Table 87 ISEO: Major Product Offerings
Table 88 Kason Hardware: Major Product Offerings
Table 89 KEYU Intelligence Co: Major Product Offerings
Table 90 Kiwi: Major Product Offerings
Table 91 Lawrence Hardware: Major Product Offerings
Table 92 OUBAO: Major Product Offerings
Table 93 ONITY: Major Product Offerings
Table 94 PERCO: Major Product Offerings
Table 95 PRIME-LINE Products: Major Product Offerings
Table 96 Rejuvenation: Major Product Offerings
Table 97 SAFETRON: Major Product Offerings
Table 98 Southco: Major Product Offerings
Table 99 Tell Manufacturing: Major Product Offerings
Table 100 Global Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 101 Global Mechanical & Electromechanical Locks Market by Geography 2021–2027 (revenue %)
Table 102 APAC Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 103 APAC Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 104 APAC Mechanical and Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 105 Europe Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 106 Europe Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 107 Europe Mechanical & Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 108 Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 109 Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 110 Mechanical & Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 111 Mechanical & Electromechanical Locks Market by Product Type 2021–2027 ($ million)
Table 112 Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 113 Mechanical & Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 114 Mechanical & Electromechanical locks in MEA by Product Type 2021–2027 ($ million)
Table 115 Mechanical & Electromechanical Locks Market in MEA by Installation 2021–2027 ($ million)
Table 116 Mechanical & Electromechanical Locks Market in MEA by End-user 2021–2027 ($ million)
Table 117 Global Mechanical & Electromechanical Market by Product Type 2021–2027 ($ million)
Table 118 Mechanical Locks Market by Geography 2021–2027 ($ million)
Table 119 Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 120 Global Mechanical & Electromechanical Locks Market by Installation 2021–2027 ($ million)
Table 121 Replacement Locks Market by Geography 2021–2027 ($ million)
Table 122 New Construction Locks Market by Geography 2021–2027 ($ million)
Table 123 Global Mechanical & Electromechanical Locks Market by End-user 2021–2027 ($ million)
Table 124 Hospitality Locks Market by Geography 2021–2027 ($ million)
Table 125 Corporate Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 126 Retail Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 127 Healthcare Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 128 Residential Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 129 Education Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)
Table 130 Other Mechanical & Electromechanical Locks Market by Geography 2021–2027 ($ million)

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Mechanical and Electromechanical Locks Market - Global Outlook & Forecast 2022-2027

THE MECHANICAL AND ELECTROMECHANICAL LOCKS MARKET WAS VALUED AT USD 17.57 BILLION IN 2021 AND IS EXPECTED TO REACH USD 24.63 BILLION BY 2027, GROWING AT A CAGR OF 5.79% DURING 2022-2027

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