Mechanical Security Products

US demand to rise 5.4% annually through 2020

Sales of mechanical security products are expected to rise 5.4 percent annually through 2020 to $6.1 billion. Growth will be driven by the large lock segment, which will benefit largely from continued gains in building construction spending. Advances in value terms will be aided by the ongoing shift to higher value electrified products, particularly door locks and door security hardware that are used with electronic access control systems. The need for electrified versions of mechanical security products will continue to rise as access control and other such systems are installed at more entry points.

Locks & door security hardware to see above average gains

Mechanical Security Products, a study from The Freedonia Group, states that locks accounted for more than 70 percent of mechanical security product sales in 2015. Sales of door locks dominate this segment and alone accounted for 60 percent of total mechanical security demand in 2015. Door locks are also expected to see the fastest growth of any mechanical security product, driven by rising demand for doors both in new construction and repair and renovations.

Door security hardware to also do well

Sales of door security hardware, including panic hardware and exit devices, represented 10 percent of mechanical security sales in 2015 and will also generate above average sales gains. Freedonia projects that, much like door locks, sales of these products will benefit from the strong demand for doors and the increasing use of access control systems and related, more expensive electrified hardware.

Security storage equipment to see slower gains

Security storage equipment, such as safes and vaults, was the second largest segment in 2015 with 14 percent of sales will see slower gains going forward. The primary market for many security storage products is the financial sector, and the declining number of banking and credit union offices will restrain sales of these products. Demand for vaults will be particularly limited, as replacement sales are rare; however, some opportunities exist in new installations in other smaller applications, such as jewelry stores and in the quickly growing marijuana industry. Safes are expected to post better growth, as they benefit from a wider pool of customers and rising interest in gun safes.

Study coverage

Mechanical Security Products presents historical demand data (2005, 2010, 2015) plus forecasts (2020, 2025) by product and market. The study also considers market environment factors, assesses the industry structure, analyzes company market share and profiles 24 US industry participants, such as Allegion, ASSA ABLOY, dorma+kaba, Gunnebo, Diebold, Fortune Brands Home & Security, Spectrum Brands, & Stanley Black & Decker.

Freedonia's market research studies provide timely access to reliable, unbiased analysis from which to benchmark performance and answer critical questions: Is your business growing faster or slower than the overall market? Is your organization gaining or losing market share? Which products and markets are the most desirable to explore for expansion? Are there industry trends or competitor activities that present a threat or opportunity to your business?

Studies offer a great ROI and can help business leaders make informed, analytically driven decisions. When considering the time, effort, and expertise that goes into it, our off-the-shelf research saves our clients time and money.

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  1. Mechanical Security Products

    $5,300.00

    1. 1 INTRODUCTION

      $157.00

    2. 2 EXECUTIVE SUMMARY

      $207.00

      1. Table | MECHANICAL SECURITY PRODUCT SUPPLY & DEMAND

    3. 3 MARKET ENVIRONMENT

      $3,340.00

      1. 3.1 General

        $128.00

      2. 3.2 Demographic & Social Environment

        $463.00

        1. 3.2.1 Demographic Trends

          $271.00

          1. Table | POPULATION & HOUSEHOLDS

        2. 3.2.2 Employment Trends

          $163.00

          1. Table | EMPLOYMENT OUTLOOK

      3. 3.3 Macroeconomic Outlook

        $326.00

        1. Table | MACROECONOMIC INDICATORS

      4. 3.4 Building Construction Outlook

        $350.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES

        2. 3.4.1 Residential Building Construction

          $127.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

        3. 3.4.2 Nonresidential Building Construction

          $125.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

      5. 3.5 Building Stock Trends

        $294.00

        1. 3.5.1 Residential Building Stock

          $126.00

          1. Table | HOUSING STOCK BY TYPE

          2. CHART II-1 YEAR OF CONSTRUCTION OF HOUSING STOCK, 2015

        2. 3.5.2 Nonresidential Building Stock

          $126.00

          1. Table | NONRESIDENTIAL BUILDING STOCK

      6. 3.6 Business Establishment Trends

        $188.00

        1. Table | BUSINESS ESTABLISHMENTS

      7. 3.7 Consumer Spending Outlook

        $153.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      8. 3.8 Public Safety Environment

        $883.00

        1. 3.8.1 Crime Rates

          $132.00

          1. CHART II-2 US CRIME RATES, 2005-2015

        2. 3.8.2 Violent Crimes

          $127.00

          1. Table | VIOLENT CRIME LEVELS

        3. 3.8.3 Property Crimes

          $191.00

          1. Table | PROPERTY CRIME LEVELS

        4. 3.8.4 Terrorism & Other Nonconventional Crimes

          $308.00

          1. Table | INCIDENCES OF TERRORISM IN THE US, 2005-2014

          2. Table | SELECTED OTHER CRIMES

      9. 3.9 Legal & Regulatory Environment

        $115.00

      10. 3.10 Pricing Dynamics

        $86.00

      11. 3.11 World Mechanical Security Markets

        $164.00

        1. CHART II-3 WORLD MECHANICAL SECURITY PRODUCT MARKET BY REGION, 2015

      12. 3.12 Foreign Trade

        $189.00

        1. Table | US FOREIGN TRADE IN MECHANICAL SECURITY PRODUCTS

    4. 4 PRODUCTS

      $2,553.00

      1. 4.1 General

        $108.00

        1. Table | MECHANICAL SECURITY PRODUCT SUPPLY & DEMAND

        2. CHART III-1 MECHANICAL SECURITY PRODUCT DEMAND BY TYPE, 2015

      2. 4.2 Locks

        $1,192.00

        1. Table | LOCK SUPPLY & DEMAND

        2. CHART III-2 LOCK DEMAND BY TYPE, 2015

        3. 4.2.1 Door Locks

          $679.00

          1. Table | DOOR LOCK SUPPLY & DEMAND

          2. CHART III-3 DOOR LOCK DEMAND BY TYPE, 2005-2015

          3. Table | MECHANICAL DOOR LOCK DEMAND

          4. CHART III-4 MECHANICAL DOOR LOCK DEMAND BY ACCESS TYPE, 2015

          5. Table | ELECTROMECHANICAL DOOR LOCK DEMAND

          6. CHART III-5 ELECTROMECHANICAL DOOR LOCK DEMAND BY ACCESS TYPE, 2015

        4. 4.2.2 Padlocks

          $212.00

          1. Table | PADLOCK SUPPLY & DEMAND

        5. 4.2.3 Other Locks

          $161.00

          1. Table | OTHER LOCK SUPPLY & DEMAND

      3. 4.3 Security Storage Equipment

        $609.00

        1. Table | SECURITY STORAGE EQUIPMENT SUPPLY & DEMAND

        2. CHART III-6 SECURITY STORAGE EQUIPMENT DEMAND BY TYPE, 2015

        3. 4.3.1 Safes

          $164.00

          1. Table | SAFE SUPPLY & DEMAND

        4. 4.3.2 Vaults

          $205.00

          1. Table | VAULT SUPPLY & DEMAND

        5. 4.3.3 Other Security Storage

          $112.00

          1. Table | OTHER SECURITY STORAGE SUPPLY & DEMAND

      4. 4.4 Door Security Hardware

        $380.00

        1. Table | DOOR SECURITY HARDWARE SUPPLY & DEMAND

        2. 4.4.1 Panic Hardware & Exit Devices

          $126.00

          1. Table | PANIC HARDWARE & EXIT DEVICE SUPPLY & DEMAND

        3. 4.4.2 Other

          $123.00

          1. Table | OTHER DOOR SECURITY HARDWARE SUPPLY & DEMAND

      5. 4.5 Key Blanks

        $115.00

        1. Table | KEY BLANK SUPPLY & DEMAND

      6. 4.6 Other

        $148.00

        1. Table | OTHER MECHANICAL SECURITY PRODUCT SUPPLY & DEMAND

    5. 5 MARKETS

      $2,651.00

      1. 5.1 General

        $152.00

        1. Table | MECHANICAL SECURITY PRODUCT DEMAND BY MARKET

        2. CHART IV-1 MECHANICAL SECURITY PRODUCT DEMAND BY MARKET, 2015

      2. 5.2 Consumer

        $313.00

        1. 5.2.1 Sector Outlook

          $123.00

          1. Table | CONSUMER INDICATORS

        2. 5.2.2 Security Outlook

          $171.00

          1. Table | CONSUMER MECHANICAL SECURITY PRODUCT MARKET

      3. 5.3 Government & Institutional

        $321.00

        1. 5.3.1 Sector Outlook

          $124.00

          1. Table | GOVERNMENT & INSTITUTIONAL SECTOR INDICATORS

        2. 5.3.2 Security Outlook

          $165.00

          1. Table | GOVERNMENT & INSTITUTIONAL MECHANICAL SECURITY PRODUCT MARKET

      4. 5.4 Office & Lodging

        $248.00

        1. 5.4.1 Sector Outlook

          $82.00

          1. Table | OFFICE & LODGING SECTOR INDICATORS

        2. 5.4.2 Security Outlook

          $149.00

          1. Table | OFFICE & LODGING MECHANICAL SECURITY PRODUCT MARKET

      5. 5.5 Financial Institutions

        $256.00

        1. 5.5.1 Sector Outlook

          $101.00

          1. Table | FINANCIAL SECTOR INDICATORS

        2. 5.5.2 Security Outlook

          $128.00

          1. Table | FINANCIAL MECHANICAL SECURITY PRODUCT MARKET

      6. 5.6 Trade & Distribution

        $454.00

        1. 5.6.1 Sector Outlook

          $274.00

          1. Table | TRADE & DISTRIBUTION SECTOR INDICATORS

        2. 5.6.2 Security Outlook

          $151.00

          1. Table | TRADE & DISTRIBUTION MECHANICAL SECURITY PRODUCT MARKET

      7. 5.7 Equipment

        $242.00

        1. 5.7.1 Sector Outlook

          $88.00

          1. Table | EQUIPMENT SECTOR INDICATORS

        2. 5.7.2 Security Outlook

          $129.00

          1. Table | EQUIPMENT MECHANICAL SECURITY PRODUCT MARKET

      8. 5.8 Services

        $211.00

        1. 5.8.1 Sector Outlook

          $82.00

          1. Table | SERVICE SECTOR INDICATORS

        2. 5.8.2 Security Outlook

          $114.00

          1. Table | SERVICE SECTOR MECHANICAL SECURITY PRODUCT MARKET

      9. 5.9 Industrial

        $455.00

        1. 5.9.1 Sector Outlook

          $318.00

          1. Table | INDUSTRIAL SECTOR INDICATORS

        2. 5.9.2 Security Outlook

          $101.00

          1. Table | INDUSTRIAL MECHANICAL SECURITY PRODUCT MARKET

    6. 6 INDUSTRY STRUCTURE

      $5,333.00

      1. 6.1 General

        $82.00

      2. 6.2 Industry Composition

        $172.00

        1. Table | US MECHANICAL SECURITY PRODUCT SALES BY COMPANY, 2015

      3. 6.3 Market Share

        $169.00

        1. CHART V-1 MECHANICAL SECURITY PRODUCT MARKET SHARE, 2015

      4. 6.4 Research & Product Development

        $82.00

      5. 6.5 Manufacturing

        $83.00

      6. 6.6 Marketing & Distribution

        $126.00

      7. 6.7 Mergers & Acquisitions

        $117.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 6.8 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 6.9 Company Profiles

        $5,089.00

        1. 6.9.1 Allegion plc

          $345.00

        2. 6.9.2 American Security Products Company

          $98.00

        3. 6.9.3 ASSA ABLOY AB

          $573.00

        4. 6.9.4 August Bremicker Söhne KG

          $159.00

        5. 6.9.5 Brady Corporation

          $147.00

        6. 6.9.6 Cal-Royal Products Incorporated

          $119.00

        7. 6.9.7 Cannon Safe Incorporated

          $124.00

        8. 6.9.8 CompX International Incorporated

          $218.00

        9. 6.9.9 Diebold Incorporated

          $208.00

        10. 6.9.10 dorma+kaba Holding AG

          $365.00

        11. 6.9.11 Eastern Company

          $216.00

        12. 6.9.12 Fortune Brands Home & Security Incorporated

          $382.00

        13. 6.9.13 Grainger (WW) Incorporated

          $169.00

        14. 6.9.14 Gunnebo AB

          $134.00

        15. 6.9.15 Hampton Products International Corporation

          $104.00

        16. 6.9.16 Jarden Corporation

          $151.00

        17. 6.9.17 Liberty Safe and Security Products Incorporated

          $152.00

        18. 6.9.18 Pacific Lock Company

          $87.00

        19. 6.9.19 Premiere Lock Company LLC

          $111.00

        20. 6.9.20 Spectrum Brands Holdings Incorporated

          $321.00

        21. 6.9.21 Stanley Black & Decker Incorporated

          $371.00

        22. 6.9.22 United Technologies Corporation

          $101.00

        23. 6.9.23 Vanguard Protex Global

          $94.00

        24. 6.9.24 World and Main LLC

          $292.00

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