Global Mechanical and Electromechanical Locks Market is predicted to reach approximately USD 23.04 billion by 2032, at a CAGR of 5.42% from 2024 to 2032.
The global mechanical and electromechanical locks market encompasses a wide range of locking mechanisms designed to secure various spaces and assets, including residential, commercial, and industrial properties. Mechanical locks rely on physical components such as keys, tumblers, and levers to control access, while electromechanical locks integrate electronic components for enhanced security...
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