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Locks Market Research Report 2025: A $25+ Billion Market by 2030 - R&D Innovations Propel Growth with Focus on IoT Integration and Cost Reduction

globenewswire.com
ALLE Allegion plc is mentioned as a leading company in the locks market, focusing on technology integration and smart lock innovations. The article highlights growth in the smart lock sector, suggesting potential benefits for companies like Allegion.

Dublin, Feb. 17, 2026 (GLOBE NEWSWIRE) -- The "Locks Market Research Report 2025-2030" has been added to ResearchAndMarkets.com's offering.

The global Locks Market, evaluated at USD 18.39 billion in 2024, is forecasted to grow to USD 25.15 billion by 2030, with a CAGR of 5.36%. This growth is propelled by several dynamic factors and trends influencing the sector.

The market is competitive, with large multinationals and numerous regional players. Leading companies like Allegion plc, ASSA ABLOY, and dormakaba Holding AG focus on technology integration and smart lock innovations. Recent acquisitions highlight strategies to enhance global market presence.

Smart & Connected Locks are gaining momentum globally, driven by increased demand for remote access, keyless entry, and security integration into smart home ecosystems. Densely populated urban areas are embracing retrofitting over new constructions, notably in North America. Meanwhile, APAC and Latin America are experiencing robust growth due to substantial infrastructure investments. As security concerns mount, businesses and homeowners are transitioning to smart locks for real-time monitoring and alerts.

Convergence with Building Systems is another pivotal trend, spurred by the integration needs of access control systems with building automation. Property managers are increasingly seeking solutions that offer interoperability among door locks, CCTV, visitor management systems, and building dashboards. Smart locks that support IoT protocols and APIs are becoming essential for modern buildings seeking integrated systems.

Locks Market Drivers

Industry Restraints

Locks Market Segmentation Insights

Locks Market Geographical Analysis

Locks Market Vendor Landscape

Recent Developments

Key Company Profile

Key Attributes:

Market Dynamics

Introduction

Market Opportunities and Trends

Growth Enablers

Market Restraints

For more information about this report visit https://www.researchandmarkets.com/r/thecmi

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