Food & Beverages

Allegion PLC

Company Profile Analysis

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Allegion PLC - Food & Beverages showcase

Year Founded & Workforce

1907-12-31

12,076 Employees

Industry

Food & Beverages

Services

A

Allegion PLC Overview

Company Headquarters: Ireland

Founded: 1908

Workforce: ~12,076

Company Working: Allegion plc is a multinational company that specializes in security solutions for homes, businesses, and institutions. It operates in over 130 countries worldwide and has approximately 31 global brands. Allegion products and solutions include door closers, exit devices, electronic and biometric access control systems, locks, key systems, and time and attendance systems. The company serves a range of industries, including healthcare, education, commercial, residential, and hospitality. Allegion's products are designed to enhance security, safety, and convenience for its customers. Allegion's brands include Schlage, a leading provider of residential and commercial locks and security solutions; Von Duprin, a manufacturer of innovative exit devices and accessories; LCN, a manufacturer of door closers and related hardware; and aptiQ, an electronic access control solution provider. In addition to focusing on security solutions, Allegion is committed to sustainability and social responsibility. The company has implemented various programs to reduce its environmental footprint, including reducing waste, conserving water and energy, and minimizing greenhouse gas emissions. Allegion also supports community and charitable initiatives through its philanthropic efforts.

Strategy

Allegion's primary objective is to offer innovative and comprehensive security solutions that enhance safety and security for its clients. The company aims to lead the security industry by delivering high-quality products and services that cater to the evolving needs of its customers. To achieve its goals, Allegion focuses on research and development, investing significant resources in developing new, advanced security solutions that address emerging threats and challenges. For instance, Allegion has developed electronic and biometric access control systems that utilize advanced technologies such as facial recognition and fingerprint scanning to enhance security and convenience. Additionally, Allegion seeks to expand its global reach and market share, leveraging its strong presence in over 130 countries and exploring new markets and regions. The company's acquisition of technology firms such as Yonomi and Openpath enables it to expand its product portfolio and customer base. Furthermore, Allegion strongly emphasizes providing an excellent customer experience and satisfaction. The company prioritizes providing exceptional customer service and support, ensuring its customers are content with their products and positively interact with the company.

Company Snapshot

$2,719.9M

Revenue

12,076

Employees

1907-12-31

Founded

Ireland

Headquarters

SWOT Analysis

Strengths

  • Dedicated customer relationship management team
  • Expertise in the manufacturing of mechanical locks
  • Highly skilled workforce through successful training and learning programs
  • Strong brand portfolio with recognizable brands like Schlage, Von Duprin, and LCN
  • Global scale and presence with operations in over 130 countries

Weaknesses

  • Organizational structure limiting expansion in adjacent product segments
  • Heavy reliance on commercial construction markets which can be volatile
  • Exposure to commodity price fluctuations (e.g. steel) which impact costs

Opportunities

  • Distribution through e-commerce channels
  • Growing demand for electronic access control solutions driven by trends like IoT and smart buildings
  • Expanding into new product categories and geographies through acquisitions

Threats

  • Technological advancements by competitors
  • Shift to wireless electronic locks poses a technology disruption risk
  • Intense competition from both established players and new entrants

Key Developments

DateApproachDevelopment
February 2023Product DevelopmentAllegion announced its support of Matter, a new connectivity standard allowing smart locks to work more seamlessly with other smart home devices.
January 2022Product DevelopmentAllegion released the Schlage Encode Plus, a new smart lock with several improvements over previous models, including a more secure design, a longer battery life, and the ability to be controlled with voice commands.

Product Offering

  • Allegion PLC
    • AXA
    • Bricard
    • Briton
    • CISA
    • Falcon
    • ITO
    • Smart Lock Market

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Allegion PLC as part of our ongoing coverage of the Food & Beverages sector, drawing on public company data, filings, and market intelligence.

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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Allegion PLC

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