Allegion Plc (ALLE)

Competitors to Allegion Plc (ALLE)

ASSA ABLOY

ASSA ABLOY is one of the largest competitors of Allegion in the access control and security solutions market. The two companies compete mainly in providing locking solutions, door hardware, and electronic access control systems. ASSA ABLOY has a significant advantage due to its extensive product portfolio and strong global presence, which allows them to cater to diverse market needs and customer segments more effectively than Allegion.

DoorMon Technologies

DoorMon Technologies focuses on smart door solutions and software for access control, providing a niche but growing challenge to Allegion's more traditional hardware solutions. They are uniquely positioned in the market by leveraging technology and innovation, targeting a tech-savvy clientele looking for integrated and intelligent access solutions. While they're smaller than Allegion, their innovative approach gives them a competitive advantage in attracting customers interested in modern security technology.

Honeywell International Inc.

Honeywell competes with Allegion through its comprehensive portfolio of building management and security solutions. As a larger player, Honeywell brings significant resources to development and a wide range of offerings that integrate safety, security, and building automation technologies, giving it a competitive edge in comprehensive solutions. Their strength lies in the ability to combine hardware with software, which appeals to large enterprises looking for integrated security solutions.

Spectrum Brands Holdings, Inc. 

Spectrum Brands, through its hardware and home improvement divisions, competes with Allegion in markets related to residential locking and security solutions. Their strategy includes a diverse range of products tailored for consumer use, which often competes in pricing and innovation with Allegion’s offerings. While they do not have the same level of market presence as Allegion, their strong consumer-oriented branding and competitive pricing can attract price-sensitive customers.

Stanley Black & Decker 

Stanley Black & Decker competes with Allegion by offering a wide range of products, including security solutions and door hardware. Although Stanley is primarily known for its tools and home improvement products, its security division also poses competition for Allegion. Stanley's broad distribution channels and brand recognition in both consumer and commercial markets provide it with a significant competitive edge over Allegion in terms of market share and brand loyalty.