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Global Mechanical and Electromechanical Locks Market Revenue to Reach USD 28.36 Billion by 2030, Fueled by IoT Surge & APAC Growth

"Global Mechanical and Electromechanical Locks Market Research Report by Arizton" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. Customize this Report According to the latest report by Focus Reports, the global mechanical and electromechanical locks market is on a strong growth trajectory, projected to expand from USD 21.30 billion in 2024 to USD 28.36 billion by 2030, at a CAGR of 4.89%. This growth is driven by the increasing integration of IoT and wireless technologies into access control systems, the rising demand for digital locks from coworking spaces, and the rapid adoption of smart home ecosystems. Report Summary: Market Size (2030): USD 28.36 Billion Market Size (2024): USD 21.30 Billion CAGR (2024-2030): 4.89% HISTORIC YEAR: 2021-2023 BASE YEAR: 2024 FORECAST YEAR: 2025-2030 LARGEST REGION (2024): APAC FASTEST-GROWING REGION: Middle East & Africa MARKET SEGMENTATION: Product, Installation, End-User, Distribution Channel, and Geography GEOGRAPHIC ANALYSIS: North America, Europe, APAC, Latin America, and the Middle East & Africa Smarter Locks, Smarter Spaces: How IoT is Quietly Transforming Global Security The integration of IoT connectivity into electromechanical locks is emerging as a transformative trend in the global locks market, turning conventional locking mechanisms into intelligent, connected smart locks. This evolution is driven by rising security concerns, increased adoption in commercial infrastructures, the growing popularity of smart homes, and steady advancements in connectivity technologies. As modules like Bluetooth, Zigbee, Z-Wave, and Wi-Fi become more affordable, smart locks are becoming more accessible and user-friendly. These IoT-enabled solutions offer remote keyless entry, smartphone-based control, and real-time activity tracking, addressing both convenience and enhanced security. The demand for battery-powered, wireless electromechanical locks is accelerating across residential and commercial sectors, where they are increasingly integrated with building management systems, access control, and audit trail functionalities. As connectivity becomes central to modern access systems, the global market is clearly pivoting toward smarter, seamless security solutions. Wireless Access Control Accelerates as Businesses Prioritize Scalable, Connected Security The global mechanical and electromechanical locks market is seeing a strong shift toward wireless access control. Businesses are choosing wireless locks for their flexibility, easy installation, and lower infrastructure costs, especially in retrofits or multi-site operations. These systems eliminate the need for complex wiring while offering advanced features like real-time alerts, remote control, and access logs. Key technologies such as Bluetooth locks are affordable, energy-efficient, and simple to install, making them ideal for day-to-day operations. Wi-Fi-enabled locks go a step further, offering remote access, voice control through platforms like Alexa or Google Assistant, and full integration with building management systems. As internet usage grows globally, wireless locks are quickly becoming essential for secure, connected, and scalable access control in both commercial and residential spaces. Competitive Landscape: Key Developments in the Mechanical and Electromechanical Locks Market Allegion plc (2025) acquired Nova Hardware Pty Ltd in Australia, a company specializing in door hardware solutions including mechanical and electronic locks, pulls, levers, and hinges, strengthening its presence in the Asia-Pacific region. Fortune Brands Innovations (2025) launched new smart lock product lines under its Yale and Master Lock brands, targeting multi-family and commercial properties, expanding its reach in the B2B smart security segment. Honeywell (2024) completed the acquisition of Carrier's global access solutions unit, including Onity, LenelS2, and Supra,a strategic move to bolster its smart access portfolio, particularly in hospitality and mobile credentialing. APAC Leads the Global Market as Urbanization and Smart Infrastructure Surge The Asia-Pacific (APAC) region is at the forefront of the global mechanical and electromechanical locks market, commanding over 39% of the total share in 2024. This leadership is driven by a powerful combination of rising disposable incomes, a rapidly growing middle class, and accelerated urban development. As infrastructure projects multiply and high-rise construction surge, accounting for over half of global new high-rise developments, APAC's demand for advanced locking solutions continues to rise. Countries across the region are investing heavily in residential, commercial, and hospitality developments. Projects like China's Sky City, poised to become the tallest residential building in the world, underscore the growing need for secure, scalable access systems. At the same time, expanding retail and hospitality sectors, fueled by increased consumer spending on travel, dining, and entertainment, are contributing to strong demand for both mechanical and electromechanical locks. The region's swift adoption of smart home technology and integration of building automation systems further reinforces its position as a key growth engine in the global access control landscape. Key Vendors Allegion plc ASSA ABLOY Fortune Brands Innovations dormakaba Group HONEYWELL Other Prominent Vendors DOM Security EMKA Beschlagteile GmbH & Co. KG GEZE GmbH Gretsch-Unitas Hager Companies Hampton Products International Corp. HOPPE Holding AG Hormann MIWA Lock Co. SALTO Systems, S.L. ABUS Alban Giacomo Spa Brisant-Secure Cal-Royal Products, Inc. Codelocks International Ltd Deltana Enterprises, Inc. Dynasty Hardware Godrej GUANGDONG ARCHIE HARDWARE CO., LTD. Harrison Lock ISEO Kason Industries, Inc. KEYU Intelligence Co., ltd. Oubao Security Technology Co., Ltd PERCo Prime-Line Products Rejuvenation SAFETRON Southco, Inc. Somfy Tell Manufacturing ATOM LOCKS Winkhaus Market Segmentation & Forecasts By Product Mechanical Locks Electromechanical Locks By Installation Replacement New Construction By End User Hospitality Corporate Retail Healthcare Residential Education Others By Distribution Channel Offline Online By Geography APAC China Japan India South Korea Australia Europe Germany UK France Italy Spain Poland Russia North America US Canada Latin America Brazil Mexico Argentina Middle East & Africa Turkey UAE Saudi Arabia South Africa Other Related Reports that Might be of Your Business Requirement ANZ Automatic Garage Door Operator Market - Focused Insights 2023-2028 U.S. Automatic Door Market - Focused Insights 2024-2029 What Key Findings Will Our Research Analysis Reveal? How big is the global mechanical and electromechanical locks market? What is the growth rate of the global mechanical and electromechanical locks market? Who are the major players in the global mechanical and electromechanical locks market? Which region holds the largest share in the global mechanical and electromechanical locks market? Which product segment has the largest share in the global mechanical and electromechanical locks market? Which installation segment provides more business opportunities in the global mechanical and electromechanical locks market? About Focus Reports Welcome to Focus Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is outdated. We aim to be strategic, providing valuable data. 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