Tag Archives: Locks

Global electronic locking market sees steady growth

electronic lockDespite stagnant and slowing construction rates in Europe and China, the global market for mechanical locks and door hardware is expected to continue along a path of steady growth. Locking device sales are forecast to grow at a compound annual growth rate (CAGR) of 5 percent, from $7.2 billion in 2014 to more than $9 billion in 2019.

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ASSA ABLOY: a strong finish to 2014

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The fourth quarter gave ASSA ABLOY a strong finish to the year. Full year sales increased by 17%, including 3% organic growth. Operating income (EBIT) represents an increase of 17%. The operating margin was 16.3%. Continue reading ASSA ABLOY: a strong finish to 2014