Mechanical Locks Market Share

Mechanical Locks Market Share Analysis

In the United States, a recent report from the Federal Bureau of Investigation (FBI) tells us that property crimes went down by 14.4% from 2011 to 2015. Even more impressive, burglary – which is when someone breaks into a home – dropped a whopping 50%. This good news is thanks to new and improved security systems, especially when it comes to the locks on our doors.

One of the best ways to keep our stuff safe is by using cylindrical locks. These are the locks with a round shape, and they've been getting a lot of upgrades to make them even more reliable. Manufacturers, the people who make these locks, have been working really hard to add new technologies to the parts inside the locks, like the bolts, levers, and springs. They're also using special materials for the outside part of the locks to make them stronger and better at handling pressure.

Let's take a look at a cool example of these improvements: the Schlage ALX Series. This is a type of lock made by a company called Allegion, and it hit the market in February 2020. The Schlage ALX Series is not your ordinary lock – it's like the superhero of locks! It's extra strong (even stronger than what's expected), it has a universal chassis that fits all kinds of functions to make things simple, and you can buy it in different ways, like with levers or as kits that you can put together at home. Plus, it has this special part called a deep-drawn spindle with 5 points of lever engagement – it stops the lock from getting loose or wobbly.

All these cool improvements in locks are not just good for the people who make them. It's creating big opportunities for these lock makers around the world. As locks get smarter, they're not just making our homes safer – they're also making life more convenient. People are starting to really like these advanced locks, and that means the demand (how much people want them) is going up. This is not just good for the lock makers, but it's also helping to make our homes and belongings safer all over the world.

As more and more people use these high-tech locks, it's helping to reach a big goal: reducing crimes and making everyone feel more secure in their communities. The journey towards better locks is making a real difference in keeping our homes and stuff safe, and it's a trend that's set to keep growing.