Locker Locks Market Overview
The Australia Lockers Lock Market is valued at USD 1.03 Million in 2023
Locker locks are used to secure lockers and prevent unauthorized access to their contents. They come in various forms, including mechanical locks with keys, combination locks, and electronic locks that use RFID or Bluetooth technology. Mechanical locks require a key to open and close the locker, while combination locks need a specific sequence of numbers to unlock. Electronic locks offer advanced security features like keyless entry using access cards or mobile devices and can be integrated with access control systems for centralized management.
Locker locks are commonly found in schools, gyms, healthcare facilities, workplaces, and public areas where secure storage is needed. The choice of locker lock depends on factors such as security requirements, user convenience, and the overall design of the locker system. The locker locks market in Australia is a dynamic segment of the broader security and access control industry, characterized by a growing demand for innovative and secure storage solutions across various sectors. These locks can be mechanical, digital, smart, or electronic, with electronic locks gaining popularity due to technological advancements and the trend of smart solutions. Businesses seek secure storage options for their employees and customers, contributing to the growth of the market.
There is a growing demand for secure storage solutions due to rising crime rates and safety concerns. This trend is especially evident in educational institutions and gyms. The integration of smart technologies in locker systems has transformed traditional locking mechanisms, enhanced security, and improved user convenience. Features such as keyless entry, biometric access (fingerprint recognition), and mobile app controls are becoming standard offerings.
The implementation of advanced locker systems is observed in various Australian projects. For instance, METRA Australis has developed a Metra smart lock that requires minimal maintenance and provides the highest functionality in various harsh environments from scorching deserts to freezing winter temperatures, and humid or dry environments. It has multiple locking options such as RFID access media, mobile app via NFC, Bluetooth, or wi-fi, smartwatch, and PIN code. The growing trend of smart lockers in workplaces reflects a shift towards integrating technology into everyday operations, providing employees with secure yet convenient access to their belongings.
Market Segmentation
By Type
• Smart Locks
• Hardwire Locks
• Battery-powered Locks
• Digital Combination Lock
• Mechanical Pin Pad /Padlock Locks
• Coin Locks for Locks
• Battery-operated Pinpad locks
• Others
By Application
• Metal Lockers
• Wood Lockers
• Plastic and Phenolic Lockers
• Laminate Lockers
By End-Use Industries
• Education Centers
• Corporate Offices & Industrial Units
• Recreational Centers
• Fitness Centers
• Healthcare Centers
• Public Transport Facilities
• Others
By Distribution Channel
• Offline
• Online
Market Players
• Assa Abloy
• Yellowbox
• Digilock
• OJMAR, S.A.
• Lowe & Fletcher Ltd
• Master Lock Company LLC.
• Zenith Locks
• Codelocks International Ltd
• METRA Australia
• KSQ
• BURG Australia
• Others
ASSA ABLOY Group Basic Information, Manufacturing Base, Sales Area, and Competitors
|
Sr. No. |
Item |
Description |
|
1 |
Company Name |
ASSA ABLOY Group |
|
2 |
Website |
www.assaabloy.com |
|
3 |
Established Date |
1994 |
|
4 |
Headquartered |
Sweden |
|
5 |
Market Position/ History |
Assa Abloy was established in 1994 through the merger of the Swedish company ASSA and the Finnish lock manufacturer Abloy Oy. In the course of time, the company has done several acquisitions that include Yale, Chubb Locks, HID Global, Mul-T-Lock, Spectrum Brands' Hardware, and Home Improvement division in 2021 for $4.3 billion. ASSA ABLOY has a wide global market presence with operations in over 70 countries. The company operates in three main regions: the Americas, EMEA (Europe, Middle East, and Africa), and Asia-Pacific. Its headquarters is located in Stockholm, Sweden. It has approximately 61,000 employees across more than 70 countries as of 2023. The company has 176 R&D centers globally. |
|
6 |
Sales Area |
Worldwide |
|
7 |
Manufacturing Location |
Operations in over 70 countries |
|
8 |
Ticker |
STO: ASSA-B |
|
9 |
No. of Employees |
61,000 (As of 2023) |
|
10 |
Competitors |
Allegion Plc, OJMAR, S.A., Lowe & Fletcher Ltd, Master Lock Company LLC, Oppein Home Group Inc, and others |
|
11 |
CEO |
Nico Delvaux |
|
12 |
Ownership Type |
Public |
|
13 |
Contact Information |
Förmansvägen 11, 117 43, Stockholm. Sweden. Tel: 08-775 16 00 Australia Address: 235 Huntingdale Road, Oakleigh VIC 3166, Australia Tel: +61 (0) 3 8574 3888 Fax: +61 (0) 3 8574 3788 |
Business Segment/ Overview:
ASSA ABLOY Group is one of the leaders in access solutions, including locks, doors, gates, and entrance automation. Assa Abloy is known for its extensive product portfolio, including mechanical and electromechanical locks, digital door locks, cylinders, security doors, and automated entrances, serving various residential, commercial, and institutional sectors.
Assa Abloy owns several well-known brands such as Yale, HID, Mul-T-Lock, ABLOY, and Sargent among others.
Its Australia-based subsidiary Assa Abloy Australia Pty Ltd manufactures and distributes security products and systems, and entrance automation products. Some of their products include:
• Mechanical locking solutions
• Door closers
• Travel locks
• Safes
• Padlocks
• Outdoor and portable security
• Door Furniture
• General Hardware
• Others
Locker Locks Product Types Specification
|
Product |
Product Description |
|
Camlocks |
ASSA ABLOY Opening Solutions camlocks are divided into three levels: high, medium, and limited security. It is foremost the key related security that is strengthened in the higher levels. High Security At the high-security level, clients will find its Desmo cylinder technology with a high amount of combinations. These cylinders have good possibilities for master key systems and high protection against known manipulation methods. ASSA ABLOY is not supplying any keyblanks for these keys. Depending on whether the end user should be able to order extra keys directly from ASSA ABLOY Opening Solutions or if the client as an ABLOY customer wants to handle the key copies for the end user there are two available options for the high-security level cylinders. End User: A unique keycard is attached to every keycode. The keycard is used when ordering key copies from ASSA ABLOY Opening Solutions through a sales company or a locksmith. Medium Security This level fulfills the "normal" security demands for school lockers and the like and gives the possibility for master key systems. Keyblanks and codes in this level are sold only to ASSA ABLOY Opening Solutions approved locksmiths. The camlocks are of 5-pin or 6-pin model, where the 6-pin models offer a higher level of combinations than the 5-pin version. Limited Security The limited security level should be seen as a physical marking of locked space and is not recommended when there is a need for secure storage. The products in this segment cannot be master keyed and the keys can be copied. |
|
Coin-, Card- and Cassettelocks |
ASSA ABLOYs coin-, card- and cassettelock range is the perfect solution when there is a need for a temporary secure storage of belongings. It can be clothes and bags at gyms, swimming areas, theaters, hospitals, shops, train stations, etc. The locks are easy to use.
|
|
Electronic locker locks |
ASSA ABLOYs electronic locker locks is divided into three groups: wired electronic locker locks and battery driven electronic locker locks with code or RFID. Wired locks refers to electronic locks that has no own supply of power. These locks need to be wired to a system that provides them with power. Its wired locks can be used in systems that provides an opening signal of 12V alt. 24V DC. Battery driven locks have their own supply of power within the lock and there is no need for wiring in the locker. The programming of the lock is done directly into the lock.
|
|
Lockerhasps & Padlocks |
The padlock range includes uncertified padlocks which can be equipped with cylinders from the medium or high security level. The padlocks can be manufactured in masterkey systems and be combined with camlocks and coin-, card- or cassettelocks with the corresponding cylinder technology. The lockerhasp range consists of fits models to suit different needs and door thicknesses. |
S.W.O.T Analysis
Strength
- The company has a strong focus on innovations and significantly invested in R&D and has 170 R&D Centers globally
- Robust geographic presence with operations in over 70 countries.
- Growing as a multi-brand conglomerate with mergers and acquisitions. Acquired several large companies to enhance its business operations
- Wide portfolio of products including mechanical locks, lock systems and fittings, electromechanical and electronic locks, security doors, and hardware and entrance automation
Weakness
- Low presence in emerging markets
Opportunity
- Innovation of cloud-based security systems also generates income through subscription
- Growing real estate in developing markets may drive demand for security solutions
- Generation of recurring income by renovations
- High demand for automation and integration in access solutions
- The growing market of DIY home improvement market
- The rise of E-commerce also demands more security goods in transit
Threats
- High competition among players
