Electric Strikes Market Growth to Hit USD 2.6 Billion by 2032 with Steady 5.48% CAGR

Electric Strikes Market A Comprehensive Overview

electric strikes Market Size was estimated at 1.61 (USD Billion) in 2023. The Electric Strikes Market Industry is expected to grow from 1.7(USD Billion) in 2024 to 2.6 (USD Billion) by 2032. The electric strikes Market CAGR (growth rate) is expected to be around 5.48% during the forecast period (2024 - 2032).

The electric strikes market has been witnessing steady growth over the past few years, driven by increasing adoption of advanced security solutions across commercial, industrial, and residential sectors. Electric strikes are vital components of modern access control systems, allowing doors to remain locked or unlocked electronically while providing convenient remote access management.

With the growing demand for smart building technologies and rising awareness about safety and security, the market for electric strikes is poised to expand further in the coming years.

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Key Companies in the electric strikes Market Include:

dormakaba

ASSA ABLOY

Allegion

Kaba

Stanley Black Decker

Yale

Ingersoll Rand

dormakaba

Detex

HES

GMS

SArgent

Trimec

Paxton Access

Market Dynamics

The dynamics of the electric strikes market are shaped by a mix of drivers, challenges, and ongoing technological advancements. One of the key dynamics influencing this market is the shift from traditional mechanical locking systems to electronic access control solutions. Organizations across sectors such as banking, data centers, government institutions, and commercial buildings are increasingly installing electric strikes to ensure controlled and monitored access, enhancing overall security while offering user convenience.

Another crucial factor is the integration of electric strikes with smart access systems, including card readers, biometric scanners, and mobile-based entry controls. This synergy boosts the efficiency of security management systems and enhances real-time monitoring and control capabilities. However, the market also faces challenges such as the high initial costs of installation and the need for periodic maintenance to ensure reliable performance.

Market Drivers

The primary driver fueling the growth of the electric strikes market is the growing need for enhanced security solutions amid rising incidents of burglary and unauthorized access. Organizations and property owners are prioritizing robust entry control systems that ensure only authorized personnel can gain access to restricted areas. Electric strikes offer a reliable solution by working seamlessly with access control systems, intercoms, and door monitoring hardware.

Additionally, the rise in smart building projects worldwide is driving the demand for integrated security infrastructure. Modern commercial and residential complexes are increasingly adopting smart door locking systems, which often include electric strikes as a core component. The demand is further amplified by government regulations and industry standards that mandate the installation of secure access systems in critical facilities like airports, hospitals, and educational institutions.

Urbanization and infrastructural development in emerging economies also present significant growth opportunities. Rapid urban development and the proliferation of commercial buildings, shopping malls, and co-working spaces have increased the installation of advanced security systems, thereby boosting the electric strikes market.

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Technological Advancements and Innovation

Technological innovation is at the heart of the electric strikes market’s evolution. Manufacturers are focusing on developing electric strikes that offer higher durability, lower power consumption, and compatibility with a wider range of access control systems. Recent advancements have led to the creation of fail-secure and fail-safe electric strikes, giving users flexibility based on their specific security requirements.

The integration of electric strikes with Internet of Things (IoT) and cloud-based access control systems is transforming how security is managed. Smart electric strikes connected to centralized management platforms enable real-time status monitoring, remote configuration, and instant alerts in case of forced entry or tampering. These smart solutions are increasingly favored by modern commercial buildings and institutions aiming to enhance operational efficiency and security at the same time.

Market Segmentation

The electric strikes market can be segmented based on product type, application, and end-user industry. By product type, the market includes fail-secure electric strikes, fail-safe electric strikes, and dual-mode electric strikes that offer both configurations. Fail-secure strikes remain locked during power outages, ensuring security, while fail-safe strikes unlock when power is lost, allowing safe exit during emergencies such as fires.

In terms of application, electric strikes are widely used in doors for commercial buildings, industrial facilities, residential complexes, and government infrastructure. They are also increasingly used in secure cabinets and enclosures requiring controlled access.

By end-user, the market serves sectors like commercial offices, healthcare facilities, educational institutions, hospitality, retail, and government and military facilities. Among these, commercial offices and industrial facilities account for a significant share due to the high need for controlled access and surveillance.

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Challenges and Market Constraints

Despite the promising growth prospects, the electric strikes market faces certain challenges and constraints. One of the primary constraints is the relatively high initial cost of advanced electric strikes, especially those integrated with smart access control systems. This can deter small and medium-sized businesses and residential users with limited budgets.

Installation complexity is another barrier. Retrofitting electric strikes in older buildings may require structural modifications or significant rewiring, which can add to the cost and complexity of deployment. Additionally, electric strikes require periodic inspection and maintenance to ensure optimal functioning and to prevent issues like jamming or electrical failures.

Future Outlook

Looking ahead, the electric strikes market is expected to maintain its growth momentum, supported by technological advancements and the expanding adoption of smart access control systems. Increasing investments in smart cities, connected infrastructure, and automation will drive demand for integrated security solutions that include electric strikes.

Manufacturers are likely to focus on developing energy-efficient, eco-friendly, and highly reliable electric strikes that meet the diverse needs of modern facilities. The market is also expected to see increased collaboration between hardware manufacturers and software providers to deliver comprehensive security solutions combining physical and digital access control.

Emerging trends like mobile-based access control and cloud-managed entry systems will further boost the relevance of electric strikes as part of the broader security ecosystem. The continued rise of urbanization, coupled with stricter regulations on building safety and security, will ensure steady demand for reliable and innovative electric strike solutions.

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