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Summary
In 2020, the global access control market will continue to grow, thanks in particular to technological advances such as smart locks and wireless security systems. The Italian lock and hinge market remains strong, with significant contributions to the wider European market. Despite a slight drop in prices for locks and hinges on the domestic market, the industry saw an overall increase in prices. In particular, Italy's trade balance for locks is in substantial surplus, with exports far exceeding imports, the main export markets being Germany and France. Italy's construction sector is dynamic, with positive investment, while the window and door market is supported by tax incentives, particularly for energy renovation. The market is confronted with changing regulations, with the emergence of new standards.
In addition, the market is concentrated with a few dominant manufacturers, such as ASSA Abloy, Allegion, and national players like ISEO and Mottura. The Italian market is also relatively concentrated compared to the number of manufacturers present in other EU countries. The lock market is constantly evolving to meet growing demand for up-to-date security solutions, with smart connectivity becoming an integral part of new offerings.
Growing demand for locks and access control solutions in Italy
Italy presents a constantly evolving demand in the locks and access control market, reflecting a landscape where technological innovation and investment in construction are important drivers. Demand for locks and metalwork related to access control is highly dependent on various market dynamics, including construction activity and technological advances. The expansion of the access control market, both worldwide and in Italy, shows how new technologies and wireless security systems are shaping demand. With Italy generating sales of between 1.45 and 1.5 billion euros in the locks market alone, it's clear that this is an important sector, underpinned by positive growth projections rooted in factors such as new construction markets and the digital revolution. Demand is particularly strong in the manufacture of locks and hinges, with sales almost reaching 1.5 billion euros, indicating a compound annual growth rate of over 6%.
In addition, the domestic market is dynamic, mainly driven by the influx of investment in construction. The Italian construction sector reported an approximate investment of between 120 and 130 billion euros in 2018, underlining the robust link with the locksmith industry. The resonance of investment in construction aligns with demand for ancillary products such as windows and doors, where the window and door market alone stood at between 40 and 45 billion euros of investment, largely propelled by renovations in the residential sector. Tax incentives for building renovation have also catalyzed demand for windows and doors, further supporting the growth of this ecosystem. Sales of between 1 and 1.5 billion euros for windows and doors were supported by these incentives, illustrating the powerful effect of government policies on market trends. In addition, the Italian market is demonstrating its ability to adapt to technological change, particularly in the field of smart locks. The market for connected locks is expected to reach more than $24 billion by the mid-2020s, demonstrating that the trend towards smart security solutions is not just ephemeral, but a definitive shift in consumer demand.
In conclusion, Italian demand for locks and access control solutions bears witness to the interplay between the vitality of the construction sector, renovation trends, government policies and technological advances. Companies operating in this sector are therefore navigating a market that is simultaneously growing and becoming more complicated, with increasingly sophisticated demands rooted in contemporary needs for security and convenience.
Key industry leaders shaping the lock and access control market landscape
In the field of lock manufacturing and access control, a number of major companies stand out for both their historical importance and their aggressive forays into technological advances.
- ASSA Abloy, a Swedish giant, is renowned for its comprehensive portfolio of locking and door-opening solutions tailored to the construction industry, making security and convenience accessible on a global scale.
- Allegion, another major player in the sector, asserts its authority through constant innovation and strategic partnerships such as its investment in Nuki, demonstrating its commitment to advancing smart home ecosystems. From Europe to the United States, Allegion has become synonymous with secure environments.
- German entity Gretsch-Unitas offers an impressive range of technological building solutions that transcend simple locking systems, venturing into sophisticated window and door technology that meets both architectural aesthetics and functional safety.
- Domestically, ISEO reigns supreme in the Italian market. By focusing on the production of a wide range of locking systems, from traditional mechanical locks to cutting-edge electronic solutions, ISEO has become the embodiment of Italy's illustrious history and its evolution into the future of locking mechanisms.
- Mottura, rooted in the art of locks and security systems, continues to expand its influence and product range, committed to developing high-security solutions that offer peace of mind in both residential and commercial environments.
These titans of industry are not just manufacturers, but innovators and leaders, each making a unique contribution to the security landscape with traditional values and modern twists. By designing more secure spaces and intelligent, connected environments, these key players are not just unlocking doors, they're ushering in the future of access control.
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- Number of pages : 30 pages
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- Last update : 23/11/2021
Summary and extracts
1 Market summary
1.1 Definition and presentation
The first drafts of locks appeared in ancient Egypt more than 3000 years ago. The Romans then developed metal locks, but the first "modern" locks appeared under the reign of Louis XVI, also called the king of locksmiths. He promoted this art, especially in Picardy and more particularly in Vimeu with locks similar to those we know today.
This study will focus on two distinct activities:
- Manufacture of locks and hardware;
- Metal carpentry work (armouring of external doors, installation of fire doors, etc.).
The global access control market is expanding, driven by the growth of new technologies and wireless security systems. The U.S. market, one of the largest markets for metal locks and hinges, is growing rapidly and is expected to continue to expand in the coming years. In Italy, the lock market generated a turnover of €1.47 billion in 2017, part of which is exported abroad. Recently, the production value of locks and hardware in Italy has shown a positive development. This data feeds into future growth projections. The industry is largely dependent on several factors and especially on the market for new buildings, doors and windows. In addition, the digital revolution is expected to have a significant impact on the market, due to changing needs on both the supply and demand sides.
1.2 The global and European market
The access solutions industry generates more than $*** billion annually worldwide [***]. However, the market for access solutions is very fragmented: standards are not harmonized and needs vary locally. For example, the market share of Assa Abloy, the largest player in the sector, is only **%. Several trends are affecting the market, such ...
1.3 The booming domestic market
In this section, we will use the ATECO code **.**, which refers to the manufacture of locks and more generally to the manufacture of locks, padlocks, keys, handles, hinges, straps and similar hardware for buildings, furniture, vehicles, etc.
Sales of locks and hinges manufacturing activities Italy, ****-****, in billion euros Source: ****
The ...
1.4 The Italian trade balance
This section is based on HS code **.**, which considers metal locks and padlocks, and the keys corresponding to these different locks.
Exports and imports of locks and padlocks and related keys decreased slightly between **** and ****. However, Italy's trade balance was in large surplus in **** and ****, with a coverage rate of around ...
2 Analysis of the demand
2.1 The construction sector
The dynamics of the locksmith sector are linked to cyclical factors, which influence both the market trend in general and the construction sector in particular [***].
Value and evolution of construction investments Italy, ****-****, in billions of euros and percentages Source: ANCE The construction sector is dynamic: investment in construction (***).
The SaMoTer ...
2.2 The window and door market supported by tax incentives
The window and door market is largely linked to construction investment. Demand for windows and doors has been increasing since ****, although the growth rate has dropped from *.*% in **** to *.*% in **** [***]. Thus, according to the UNICMI (***) reached €*.* billion for €**.* billion of investments in construction. In the residential segment, the majority of demand ...
3 Market structure
3.1 The different actors
Source: ****
Sometimes the roles of these different players converge: security systems can be installed by the manufacturer or the distributor. Advice and customisation of the offer are therefore playing an increasingly central role.
Lock manufacturers
Assoferma, the national association of lock, hardware and handle manufacturers, groups together companies specialising in locks ...
3.2 A concentrated market
Lock and hinge manufacturing companies EU, ****, number of companies per country Source: Eurostat Although Italy ranks third in the European Union in terms of turnover, there were only *** Italian lock and hinge manufacturers in ****, far fewer than in Germany. The Italian market is highly concentrated and has remained relatively stable in ...
4 Analysis of the offer
4.1 A constantly evolving offer
The lock market includes a wide variety of more or less traditional products, with a range of end customers.
Different technologies
Mechanical locks are the most traditional and include keyed master cylinders, lock cylinders, lock cases, lever locks and accessories. They are distinguished from electromechanical locks, which rely on a security ...
4.2 The development of smart locks
The market for window and door security, and therefore more generally for home and building security, has been significantly affected by recent technological innovations: this has influenced directly the appearance of more modern locks or indirect with the appearance of substitute products. This technological craze is both a threat and an ...
4.3 Price developments
Changes in the producer price index for the lock and hinge manufacturing industry Italy, ****-****, base ***= *** Source: Istat
This graph shows the evolution over time of prices for locks and hinges, sold in the domestic and foreign markets, in the initial marketing phase. Prices in the initial marketing phase have increased ...
5 Rules and regulations
5.1 Laws governing the locksmith profession and products
Law */**** provides that skills can be attested and certified by compliance with the UNI reference standard. The UNI *****:**** standard establishes the requirements in terms of knowledge, skills and competences necessary to be qualified as a locksmith and safe technician. [***]
Currently, among the many draft standards under consideration, many of which will ...
6 Positioning of the actors
6.1 Positioning of the actors
- Assa Abloy
- ISEO Serrature
- Mottura
- Allegion
- Gretsch-Unitas
- Antipanic S.r.l
- Alban Giacomo S.p.a
- Schlegel Giesse S.p.a
- CISA S.p.a
- Viro S.p.a
- SFS Intec S.r.l
- Hoppe S.p.a
- Nuova star S.p.a
List of charts
- Chiffre d'affaires des activités de fabrication de serrures et de charnières
- Balance commerciale pour les serrures, cadenas et clés
- Importations et exportations des différents types de serrures
- Principaux pays destinataires des exportations
- Principaux pays d'origine des importations de serrures
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