Competitors

Competitors describe Allegion plc's market in their own filings and calls. These verified passages and visual pages show where their strategies meet, using source documents preserved in Sources.

dormakaba (DOKA)

Allegion's closest listed pure-play analog: a global access-and-door-solutions maker whose door closers, exit devices, mechanical key systems and electronic access lines compete head-to-head with Schlage, Von Duprin and LCN across the same commercial markets.

Dormakaba's characterization of the security-and-access-solutions market it shares with Allegion — still highly fragmented, with the top three suppliers holding only about one third of it, and consolidation continuing.

Opportunities arise from the ongoing and anticipated consolidation of the industry in which dormakaba operates. Despite past consolidation, the market for security and access solutions remains highly fragmented, with the top-three companies holding only about one third of market share. dormakaba plans to further strengthen its market position and will therefore continue to play an active role in industry consolidation.

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Dormakaba's own map of its core businesses — door closers, exit devices and mechanical key systems among them — the exact categories that overlap Allegion's LCN closers, Von Duprin exit devices and Schlage key systems.

dormakaba Group (dormakaba) is a leading provider in the access solutions market. The company offers customers a broad, innovative portfolio of products, solutions, and services that easily fit into building ecosystems. With a clear portfolio segmentation, dormakaba concentrates on its global core businesses Access Automation Solutions (door operators, sliding doors, and revolving doors), Access Control Solutions (connected devices and engineered solutions), Access Hardware Solutions (door closers, exit devices, and mechanical key systems), and Services.

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Dormakaba's stated plan to expand in North America — Allegion's largest and most profitable market — across door hardware, entrance automation and commercial access control, targeting GDP+2% annual growth.

In North America, we are strengthening our position with a Growth Plan that focuses on selected geographies and distribution accounts in our Access Hardware Solutions, while improving commercial productivity and enhancing our product offerings. […] In Access Control Solutions, we are building on our strength in hospitality, further developing the multi-housing business and strengthening and bundling our offering for the commercial access control segment. This plan targets GDP+2% annual growth.

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Fortune Brands Innovations (FBIN)

Its Security segment (Master Lock, Yale, August, SentrySafe) competes directly with Allegion in residential and multifamily locks, smart/connected locks and electronic access control — and its 10-K names Allegion's flagship Schlage brand as a competitor.

Fortune Brands' 10-K lists Schlage — Allegion's flagship residential lock brand — among the competitors its Master Lock, Yale and August lock lines face.

Master Lock, American Lock, Yale and August competes with Abus, W.H. Brady, Hampton, Kwikset, Schlage and various imports, and SentrySafe competes with First Alert, Magnum, Fortress, Stack-On and Fire King.

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Fortune Brands' account of its connected-lock installed base and its Yale/Matter smart-lock launch with Google — the connected-lock arena where it competes with Allegion's Schlage electronic locks.

Nicholas Ian Fink, CEO: Turning to our digital business. We now have around 5 million active users. We continue to see solid momentum. And in the second quarter of 2025, we had around 220,000 digital device activations. […] We also successfully launched our new Yale Smart Lock with Matter designed for Google Home. This is a significant milestone in our long-standing partnership with Google and the evolution of the original Nest by Yale lock.

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Fortune Brands describing its Yale Pro 2 launch into multifamily smart access — the electronic access-control category for multifamily and institutional buildings that Allegion also targets.

David Barry, Interim Chief Executive Officer: In Security, we launched the Yale Pro 2 product line in February, adding a suite of products engineered for multifamily facilities, providing a fully integrated smart access experience. Backed by the shortest lead time in the industry, Pro 2 ensures faster deployment so property managers can upgrade access control solutions without delay.

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Honeywell (HON)

Through its 2024 acquisition of Carrier's Global Access Solutions, Honeywell's Building Automation segment now sells electronic locking, access control and mobile credentials — a direct and growing collision with Allegion's core commercial access franchise, backed by a large installed base it can cross-sell into.

Honeywell's disclosure of its $4.9bn purchase of Carrier's Global Access Solutions — electronic locking systems and contactless mobile keys that place it directly against Allegion's access-control and electronic-lock products.

On June 3, 2024, the Company acquired 100% of the outstanding equity interests of Carrier Global Corporation's Global Access Solutions business (Access Solutions), an innovative global leader in advanced access and security solutions, electronic locking systems, and contactless mobile key solutions, for total consideration of $4,913 million, net of cash acquired. The business is part of the Building Automation reportable business segment.

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Honeywell quantifies the Access Solutions contribution to its Building Automation segment — the scale of its access-control push, in a segment running at a 26.5% margin.

Sales increased $827 million due to higher organic sales of $287 million in Products and higher organic sales of $217 million in Building Solutions, both driven by higher demand. Additionally, the acquisition of Access Solutions contributed $302 million of inorganic sales growth during 2025. Beginning June 2025, the results of Access Solutions are considered organic. Segment profit increased $272 million and segment margin increased 80 basis points to 26.5% compared to 25.7% for the same period of 2024.

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Honeywell's CEO on the acquired access-control business, which he says is growing high-single-digits in line with Building Automation and validating the acquisition thesis.

Vimal Kapur, Chairman and CEO: So, Andrew, the Access Solution acquisition is playing well, and overall, the revenue in that segment is growing high single digits. In line with building automation, which is growing high single digits. So our thesis has played out quite well.

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Stanley Black & Decker (SWK)

A former competitor that exited Allegion's categories: it sold its commercial electronic-security business to Securitas and its automatic-doors (Mechanical Access Solutions) business to Allegion in 2022. Its filing records that transaction — a direct mention of the subject and a marker of Allegion's move into entrance systems.

Stanley Black & Decker's record of selling its automatic-doors (Mechanical Access Solutions) business to Allegion in 2022 — Allegion's entry into entrance systems and Stanley's exit from the category.

On July 5, 2022, the Company completed the sale of its Mechanical Access Solutions ("MAS") business comprised of the automatic doors business to Allegion plc for net proceeds of $916.0 million and recorded a pre-tax gain of $609 million.

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Competitors

dormakaba (DOKA)

Fortune Brands Innovations (FBIN)

Honeywell (HON)

Stanley Black & Decker (SWK)

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