Mortise Locks Market
Mortise Locks Market Size and Growth
The Mortise Locks market is experiencing steady growth, driven by increasing demand in residential and commercial sectors. Current estimates place the market size at approximately $2.5 billion, with a projected CAGR of 5.2% over the next five years, reflecting enhanced security needs and advancements in lock technology.
Companies Covered
(Covid 19 Impact Covered)
◍ DORMA
◍ SARGENT
◍ Hafele Group
◍ Master Lock
◍ PDQ
◍ Corbin Russwin
◍ Medeco
◍ STANLEY
◍ BEST
◍ ASSA ABLOY Group
◍ Kwikset
◍ Lockwood Industries Inc
◍ Emtek
◍ BiLock
The Mortise Locks Market features key players like ASSA ABLOY, SARGENT, and Hafele, driving innovation and expanding product offerings. Companies enhance market growth through advanced security solutions and strategic partnerships. Notable sales figures include ASSA ABLOY's revenue of €8.12 billion and Stanley's at $14.66 billion, showcasing strong market presence.
Market Segmentation
By Application
Commercial
Residential
Other
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By Product
Mortise Sideplate Lock
Skeleton Key Mortise Lock
Market Growth
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$ X Billion USD
