Market Overview:
The global cabinet lock market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application and region. By type, the market is segmented into CAM lock, cylinder lock and others. By application, the market is segmented into residential and commercial applications. The North America region dominates the global cabinet lock market in terms of revenue share followed by Europe and Asia Pacific regions respectively.
Product Definition:
A cabinet lock is a locking device that is installed on the inside of a cabinet door. It typically consists of a keyed cylinder and a deadbolt that engages the frame of the cabinet. Cabinet locks are used to secure valuable items inside cabinets, as well as to prevent unauthorized access to cabinets.
CAM Lock:
CAM lock is a tool that helps in applying force to the cam and uses it as an leverage to open the door. It’s named because of its resemblance to a hydraulic lock. The mechanism inside this device is similar to that of a cam, which when pushed further with force, cycles through various positions and opening the door at one of those positions.
Cylinder Lock:
Cylinder lock is a type of keyless locking system, which uses a cylinder to form the key. The most common types of cylinders used in this system are tumbler and mortise locks. Cylinders are made up of metal or plastic and can be mounted on the door itself or on the wall next to it.
Application Insights:
The commercial application segment led the global cabinet lock market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in spending on security measures, including installation of high-quality locks for cabinets and filing cabinets at offices. Furthermore, rising demand for electronic devices has resulted in increased theft cases across schools, colleges and corporate offices worldwide. This factor is likely to drive the product demand from commercial applications over the next few years.
Regional Analysis:
The market in North America was valued at USD X billion in 2017 and is expected to witness growth over the forecast period owing to increasing construction activities, especially in the commercial sector. The region is home to some of the major lock manufacturers such as Assa Abloy, Inc.; Bormioli Rocco; and locksport International AB.
Asia Pacific is anticipated to register significant growth over the forecast period owing to rising demand for high-security products from key markets including India and China. Increasing investments by governments across various economies are also likely drive product demand over next eight years. For instance, according with World Bank Group (WB), between 2010 and 2014, India invested around USD X million for improving public infrastructure which includes roads network expansion or road improvement projects as well as construction of new buildings/structures such as hospitals/clinics/hospitals & clinics; schools; airports etc., thereby creating immense potential for industry players operating within Asia Pacific region.
Growth Factors:
- Increasing demand for security and safety measures in both residential and commercial establishments
- Growing awareness about the benefits of using cabinet locks for securing belongings
- Rising popularity of modular kitchens and cabinets that need to be secured with locks
- Proliferation of online shopping resulting in an increase in the number of deliveries made to homes and businesses
- Development of new technologies that make cabinet locks more secure, efficient, and user-friendly
Scope Of The Report
Report Attributes
Report Details
Report Title
Cabinet Lock Market Research Report
By Type
CAM Lock, Cylinder Lock, Others
By Application
Residential, Commercial
By Companies
IllinoisLock Company, Bai Fu Co., Ltd(ARMSTRONG), Vijayan Lock, ArmStrong, ASSA-Abloy, Master Lock, Hafele, Lowe & Fletcher(Euro-Locks), Be-Tech, Make Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Cabinet Lock Market Report Segments:
The global Cabinet Lock market is segmented on the basis of:
Types
CAM Lock, Cylinder Lock, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IllinoisLock Company
- Bai Fu Co., Ltd(ARMSTRONG)
- Vijayan Lock
- ArmStrong
- ASSA-Abloy
- Master Lock
- Hafele
- Lowe & Fletcher(Euro-Locks)
- Be-Tech
- Make Group
Highlights of The Cabinet Lock Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CAM Lock
- Cylinder Lock
- Others
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cabinet Lock Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cabinet lock is a type of locking mechanism used to secure cabinets and drawers. It uses a key that can only be accessed by the person who has the corresponding keyhole.
Some of the major companies in the cabinet lock market are IllinoisLock Company, Bai Fu Co., Ltd(ARMSTRONG), Vijayan Lock, ArmStrong, ASSA-Abloy, Master Lock, Hafele, Lowe & Fletcher(Euro-Locks), Be-Tech, Make Group.
The cabinet lock market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cabinet Lock Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cabinet Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cabinet Lock Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cabinet Lock Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cabinet Lock Market Size & Forecast, 2020-2028
4.5.1 Cabinet Lock Market Size and Y-o-Y Growth
4.5.2 Cabinet Lock Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 CAM Lock
5.2.2 Cylinder Lock
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cabinet Lock Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cabinet Lock Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 CAM Lock
9.6.2 Cylinder Lock
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 CAM Lock
10.6.2 Cylinder Lock
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 CAM Lock
11.6.2 Cylinder Lock
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 CAM Lock
12.6.2 Cylinder Lock
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 CAM Lock
13.6.2 Cylinder Lock
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cabinet Lock Market: Competitive Dashboard
14.2 Global Cabinet Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IllinoisLock Company
14.3.2 Bai Fu Co., Ltd(ARMSTRONG)
14.3.3 Vijayan Lock
14.3.4 ArmStrong
14.3.5 ASSA-Abloy
14.3.6 Master Lock
14.3.7 Hafele
14.3.8 Lowe & Fletcher(Euro-Locks)
14.3.9 Be-Tech
14.3.10 Make Group
