Global Mortise Locks Market Size is expected to experience a CAGR of 7.9% through 2024 - 2031, according to industry projections.

The "Mortise Locks Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Mortise Locks market is expected to grow annually by 7.9% (CAGR 2024 - 2031).

This entire report is of 119 pages.

Mortise Locks Introduction and its Market Analysis

The global Mortise Locks market is experiencing steady growth due to increasing demand for advanced security solutions in residential and commercial buildings. The key players in the market such as DORMA, SARGENT, Hafele Group, and others are focusing on product innovation and strategic alliances to enhance their market share. The market is driven by factors such as growing concerns regarding property safety and increasing construction activities worldwide. The report highlights that ASSA ABLOY Group, Kwikset, and Master Lock are leading players in the market, with a strong presence in various regions. The report recommends companies to focus on expanding their product portfolio and geographical presence to stay competitive.

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The Mortise Locks market is thriving with various types such as Mortise Sideplate Lock and Skeleton Key Mortise Lock catering to a wide range of applications including Commercial, Residential, and Other segments. The demand for Mortise Locks is driven by the need for enhanced security and aesthetic appeal in both residential and commercial properties.

Regulatory and legal factors specific to the market include compliance with building codes, fire safety regulations, and industry standards to ensure the quality and performance of Mortise Locks. Manufacturers and suppliers must adhere to these regulations to maintain a competitive edge in the market. It is essential for businesses operating in the Mortise Locks market to stay updated on the evolving regulatory landscape to avoid potential legal challenges and ensure consumer trust in the products. As the market continues to expand, companies must prioritize compliance with regulatory and legal factors to sustain growth and meet the needs of their customers effectively.

Top Featured Companies Dominating the Global Mortise Locks Market

The mortise locks market is highly competitive, with key players such as DORMA, SARGENT, Hafele Group, Master Lock, PDQ, Corbin Russwin, Medeco, STANLEY, BEST, ASSA ABLOY Group, Kwikset, Lockwood Industries Inc, Emtek, and BiLock. These companies offer a wide range of mortise lock products to cater to various needs and preferences of customers.

DORMA, SARGENT, and ASSA ABLOY Group are known for their high-quality and innovative mortise lock solutions, catering to both residential and commercial markets. Master Lock, PDQ, and BEST focus on providing affordable yet durable mortise lock options for residential applications. Hafele Group, Medeco, and Kwikset target the residential market with their stylish and customizable mortise locks.

These companies play a significant role in growing the mortise locks market by continuously improving their product offerings, expanding their distribution networks, and investing in marketing and advertising efforts. They also leverage partnerships and collaborations with architects, designers, and construction companies to increase brand visibility and market reach.

In terms of sales revenue, ASSA ABLOY Group, the parent company of brands like SARGENT and Medeco, reported sales of approximately $ billion in 2020. STANLEY, known for its security solutions including mortise locks, generated sales of around $14.5 billion in the same year. Kwikset, a subsidiary of Spectrum Brands Holdings, Inc., reported net sales of approximately $5.0 billion in 2020.

Overall, the key players in the mortise locks market are driving growth through product innovation, strategic partnerships, and effective marketing strategies, contributing to the increasing demand for mortise locks worldwide.

• DORMA
• SARGENT
• Hafele Group
• Master Lock
• PDQ
• Corbin Russwin
• Medeco
• STANLEY
• BEST
• ASSA ABLOY Group
• Kwikset
• Lockwood Industries Inc
• Emtek
• BiLock

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Mortise Locks Market Analysis, by Type:

• Mortise Sideplate Lock
• Skeleton Key Mortise Lock

A Mortise Sideplate Lock features a decorative plate covering the keyhole, providing added security and aesthetic appeal. A Skeleton Key Mortise Lock uses a specific key shape unique to that lock, making it harder for intruders to pick or duplicate keys. These types of mortise locks have gained popularity in the market due to their superior security features, durability, and traditional design. Customers are increasingly opting for mortise locks over standard door locks, leading to an increase in demand for these products in the market.

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Mortise Locks Market Analysis, by Application:

• Commercial
• Residential
• Other

Mortise locks are used in both commercial and residential settings for securing doors. In commercial applications, they are commonly used on exterior doors for businesses, offices, and other commercial buildings. In residential settings, they are used on front doors, back doors, and interior doors for added security. Mortise locks are also used in other applications such as government buildings, schools, hospitals, and hotels. The fastest growing application segment in terms of revenue is the commercial sector, due to the increasing need for security in businesses and other commercial establishments.

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Mortise Locks Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Mortise Locks market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). The Asia-Pacific region is projected to dominate the Mortise Locks market with a market share of around 35%, followed by Europe with a market share of approximately 25%, and North America with a market share of around 20%. Latin America and Middle East & Africa are also expected to contribute significantly to the market growth with a market share of about 10% each.

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