Colin Campbell on the differences in lock demands from the region
Globally, access control markets are set to be worth up to $20bn in 2030. The APAC market is expected to more than double to around $840m in that time. Advances in technology are behind much of this market growth, driven by demand for new applications. While mechanical locks dominate the UK and parts of Europe markets, the focus in APAC is very much on digital, smart lock systems. Codes and cards are a feature of everyday life. In fact, key cutting machines are simply not sold in many Asian countries – a clear sign of the direction of travel for the industry.
Working on the next generation of innovation and upgrades involves accommodating different market conditions, regulations and culture. In APAC, this means working closely with cabinet makers and joiners, as well as architects and developers to ensure they get locks that match their needs. There is a growing market for systems for retail and hospitality units, and lockers for transient workforces like the Australian mining sector. There is also a fast-growing, entrepreneurial element that is keen to tap into the latest developments in keyless access control.
“There is a growing market for systems for retail and hospitality units, and lockers for transient workforces. There is also an entrepreneurial element keen to tap into the latest developments”
Every week, new business opportunities present themselves that call for an access control solution. They could be for a heated locker for takeaway food, or a unit where a biker could store their helmet and leathers. There appears to be no limit to people’s imaginations, but what might be holding back the realisation of their ideas is the need to enable access in an unobtrusive, reliable way. This is where integrated access control solutions play a major part in unlocking opportunities for emerging business ideas.
For some, it provides the key to the success of their whole opportunity. Especially when there is a big infrastructure behind it, and an easy-to-use API that the customers can integrate into their booking platform. The infrastructure of the access control provider creates the codes and sends them to the end-customer – the biker storing their kit, or the person collecting their hot meal. Having the access control provider manage the entire system and keep user data secure, means the business owner doesn’t have to worry about the access control element of their solution. They can focus on delivering and improving their service. This is what is making the access control market a dynamic and exciting industry to be part of around the world.
Colin Campbell is managing director of Codelocks.
