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According to the latest research, the global High Security Locks market size was valued at USD 8660.29 million in 2022 and is expected to expand at a CAGR of 6.65% during the forecast period, reaching USD 12743.76 million by 2028.
High security locks provide additional resistance to manipulation, destructive attacks, breaching and off-site key duplication. High-security locks are defined by various Underwriters Laboratories (UL) and Building Hardware Manufacturers Association (BHMA) standards. In most cases, high-security cylinders will be installed in Grade 1 security mortise locks, auxiliary deadbolts, padlocks or multipoint locks.
The government has increased investment
The pneumonia pandemic in Covid-19 is affecting the global economy. This general situation forces enterprises to allow their employees to adopt the policy of working from home. In addition, the global information technology industry is slowing down and some manufacturing departments are closing down. However, during the epidemic, the government, Samsung Group, Yale University and other major participants concentrated on increasing investment to restore market growth. For example, in June 2020, the government science and technology plan invested about $3.5 billion to develop various security and monitoring tools in smart city projects during the pandemic. Include that intelligent High Security Locks market. It is expected that the local government's increased investment and government policies will promote the development of the High Security Locks industry.
Market Drivers
With the introduction of innovative locking/unlocking mechanisms in smartphones, tablets, intelligent key and other portable devices, the field of intelligent High Security Locks is expected to achieve tremendous growth. Especially in cloud-based lock management solutions. The growth of intelligent High Security Locks market is mainly driven by the progress of core technologies such as Internet of Things (loT), artificial intelligence, cloud applications and big data. These advanced technologies will help manufacturers develop multifunctional advanced High Security Locks, attract potential customers and speed up product sales.
Market Development Constraints
Lack of understanding of smart door locks, smart products are vulnerable to hackers, so most users have security concerns. In addition, the frequent occurrence of security incidents of smart door lock makes it the first security barrier, but due to the product quality and security of smart door lock, it is at the forefront. For example, the event of "opening the door automatically in the middle of the night" involves some brands of smart locks. These incidents have aroused public doubts about smart locks. For enterprises, solving security problems has become the focus of their attention. It is expected that the security of intelligent High Security Locks will become one of the key factors hindering market growth.
Region Overview:
From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
ASSA ABLOY, ABUS, Allegio, MIWA Lock, and Kwikset are the five key players in the global High-Security Locks market. These companies have shown consistent growth in revenue, larger volumes of sales, and a prominent presence in terms of share in the global High-Security Locks market in the past 5 years.
ASSA ABLOY
Assa Abloy AB is a Swedish conglomerate whose offerings cover products and services ranging from locks, doors, gates and entrance automation. This also includes controlling identities with keys, cards, tags, mobile and bio-metric identity verification systems.
ABUS
Abus August Bremicker Sohne KG provides security solutions. The Company offers alarm systems, door security, fire protection, locking systems, padlocks, video surveillance, and window security solutions, as well as manufactures mobile security products such as locks for bikes, cable locks, lock-chain combinations, and more.
Segmentation Overview:
Among different product types, Ordinary Locks segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Household segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the High Security Locks industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of High Security Locks. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global High Security Locks Market Report Include:
Market Size Estimates: High Security Locks market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: High Security Locks market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the High Security Locks market
Segment Market Analysis: High Security Locks market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: High Security Locks market situations and prospects in major and top regions and countries
High Security Locks Market
High Security Locks Industry Chain: High Security Locks market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
High Security Locks Industry News, Policies by regions
High Security Locks Industry Porters Five Forces Analysis
Key players in the global High Security Locks market are covered in Chapter 2:
Locstar
Allegion
ASSA ABLOY
MIWA Lock
Guangdong Be-Tech
Jiangmen Keyu Intelligence
Adel
ABUS
Honeywell
Master Lock (Fortune Brands)
Kwikset (Spectrum Brands)
Tenon
Samsung
In Chapter 6 and Chapter 9, on the basis of types, the High Security Locks market from 2018 to 2028 is primarily split into:
Electronic Cipher Locks
Fingerprint Locks
Remote Locks
Ordinary Locks
Others
In Chapter 7 and Chapter 10, on the basis of applications, the High Security Locks market from 2018 to 2028 covers:
Household
Commercial
Government
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global High Security Locks market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the High Security Locks industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of High Security Locks market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the High Security Locks industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on High Security Locks market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the High Security Locks market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed High Security Locks market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
High security locks provide additional resistance to manipulation, destructive attacks, breaching and off-site key duplication. High-security locks are defined by various Underwriters Laboratories (UL) and Building Hardware Manufacturers Association (BHMA) standards. In most cases, high-security cylinders will be installed in Grade 1 security mortise locks, auxiliary deadbolts, padlocks or multipoint locks.
The government has increased investment
The pneumonia pandemic in Covid-19 is affecting the global economy. This general situation forces enterprises to allow their employees to adopt the policy of working from home. In addition, the global information technology industry is slowing down and some manufacturing departments are closing down. However, during the epidemic, the government, Samsung Group, Yale University and other major participants concentrated on increasing investment to restore market growth. For example, in June 2020, the government science and technology plan invested about $3.5 billion to develop various security and monitoring tools in smart city projects during the pandemic. Include that intelligent High Security Locks market. It is expected that the local government's increased investment and government policies will promote the development of the High Security Locks industry.
Market Drivers
With the introduction of innovative locking/unlocking mechanisms in smartphones, tablets, intelligent key and other portable devices, the field of intelligent High Security Locks is expected to achieve tremendous growth. Especially in cloud-based lock management solutions. The growth of intelligent High Security Locks market is mainly driven by the progress of core technologies such as Internet of Things (loT), artificial intelligence, cloud applications and big data. These advanced technologies will help manufacturers develop multifunctional advanced High Security Locks, attract potential customers and speed up product sales.
Market Development Constraints
Lack of understanding of smart door locks, smart products are vulnerable to hackers, so most users have security concerns. In addition, the frequent occurrence of security incidents of smart door lock makes it the first security barrier, but due to the product quality and security of smart door lock, it is at the forefront. For example, the event of "opening the door automatically in the middle of the night" involves some brands of smart locks. These incidents have aroused public doubts about smart locks. For enterprises, solving security problems has become the focus of their attention. It is expected that the security of intelligent High Security Locks will become one of the key factors hindering market growth.
Region Overview:
From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
ASSA ABLOY, ABUS, Allegio, MIWA Lock, and Kwikset are the five key players in the global High-Security Locks market. These companies have shown consistent growth in revenue, larger volumes of sales, and a prominent presence in terms of share in the global High-Security Locks market in the past 5 years.
ASSA ABLOY
Assa Abloy AB is a Swedish conglomerate whose offerings cover products and services ranging from locks, doors, gates and entrance automation. This also includes controlling identities with keys, cards, tags, mobile and bio-metric identity verification systems.
ABUS
Abus August Bremicker Sohne KG provides security solutions. The Company offers alarm systems, door security, fire protection, locking systems, padlocks, video surveillance, and window security solutions, as well as manufactures mobile security products such as locks for bikes, cable locks, lock-chain combinations, and more.
Segmentation Overview:
Among different product types, Ordinary Locks segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Household segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the High Security Locks industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of High Security Locks. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global High Security Locks Market Report Include:
Market Size Estimates: High Security Locks market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: High Security Locks market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the High Security Locks market
Segment Market Analysis: High Security Locks market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: High Security Locks market situations and prospects in major and top regions and countries
High Security Locks Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.High Security Locks Industry Chain: High Security Locks market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
High Security Locks Industry News, Policies by regions
High Security Locks Industry Porters Five Forces Analysis
Key players in the global High Security Locks market are covered in Chapter 2:
Locstar
Allegion
ASSA ABLOY
MIWA Lock
Guangdong Be-Tech
Jiangmen Keyu Intelligence
Adel
ABUS
Honeywell
Master Lock (Fortune Brands)
Kwikset (Spectrum Brands)
Tenon
Samsung
In Chapter 6 and Chapter 9, on the basis of types, the High Security Locks market from 2018 to 2028 is primarily split into:
Electronic Cipher Locks
Fingerprint Locks
Remote Locks
Ordinary Locks
Others
In Chapter 7 and Chapter 10, on the basis of applications, the High Security Locks market from 2018 to 2028 covers:
Household
Commercial
Government
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global High Security Locks market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the High Security Locks industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of High Security Locks market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the High Security Locks industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on High Security Locks market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the High Security Locks market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed High Security Locks market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
