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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