Market Overview:
The global cabinet locks & catches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cabinet locks & catches from residential and commercial applications. In terms of type, the steel segment is expected to lead the global cabinet locks & catches market during the forecast period, followed by brass. In terms of region, North America is expected to lead the global cabinet locks & catches market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A cabinet lock is a locking device used to secure cabinets. They are usually installed on the inside of the cabinet door and engage with a mechanism on the cabinet frame, such as a hasp or keyed cylinder. Cabinet locks are used to protect valuables stored in cabinets, deter theft, and prevent unauthorized access.
Steel:
Steel is a metal and has different properties for each of its variety such as carbon steel, stainless steel, alloy steel and high strength steel. The most common use of the product in the manufacturing industry is to produce hardware components such as deadbolts, catch basins & door hinges. In addition to this it also finds its application in producing various types of gears used in lock systems.
Brass:
Brass is a copper-based alloy. It is usually used in combination with other metals such as zinc and iron. The metal has good electrical and corrosion resistance properties, which makes it suitable for manufacturing various locks & catches used in the construction industry.
The global brass & copper catch market size was valued at USD 1,450 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of rising construction activities across the globe.
Application Insights:
The commercial application segment dominated the global cabinet locks and catches market, accounting for a share of more than 60.0% in 2017. This growth can be attributed to the increasing construction activities across key economies such as China, India and Japan. In addition, an increase in the number of hotels and restaurants at a global level has also positively influenced product demand over the recent years.
In terms of revenue, residential application is expected to expand at a CAGR of XX%, in terms of volume during the forecast period from 2018 to 2030 owing to rising consumer spending capacity across various regions including Asia Pacific and North America along with stable growth witnessed by home improvement activities over recent years.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the increasing number of construction projects and replacement of existing locks & catches. The U.S., being a developed economy, has a well-established infrastructure, which makes it an attractive market for global manufacturers. Europe also accounted for a significant share in 2017 owing to high demand from residential as well as commercial applications.
In addition, rising crime rates coupled with government initiatives such as Crime Prevention Through Locking (CPTL) are further driving product demand across European countries such as France and U.K.
Growth Factors:
- Increasing demand for cabinet locks and catches from the commercial sector as a result of growing security concerns.
- The increasing popularity of modular kitchens, which has led to an increase in the demand for cabinet locks and catches.
- Growing awareness about the benefits of using cabinet locks and catches, which is helping to drive their adoption among consumers.
- The increasing use of smart technology in cabinets, which is creating a need for better security solutions such as cabinet locks and catches.
- The launch of innovative products by leading players in the Cabinet Locks & Catches market that are helping to boost its growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Cabinet Locks & Catches Market Research Report
By Type
Steel, Brass
By Application
Residential, Commercial
By Companies
DTC, Blum Inc, Taiming, Jusen, ADAMS, Hettich, King Slide Works Co. Ltd, ASSA ABLOY, Accuride, Formenti & Giovenzana S.p(FGV), Hafele, GRASS, Yajie, HUTLON, Salice
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Cabinet Locks & Catches Market Report Segments:
The global Cabinet Locks & Catches market is segmented on the basis of:
Types
Steel, Brass
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:
- DTC
- Blum Inc
- Taiming
- Jusen
- ADAMS
- Hettich
- King Slide Works Co. Ltd
- ASSA ABLOY
- Accuride
- Formenti & Giovenzana S.p(FGV)
- Hafele
- GRASS
- Yajie
- HUTLON
- Salice
Highlights of The Cabinet Locks & Catches 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:
- Steel
- Brass
- 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 Locks & Catches 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 locks and catches are devices that secure cabinets to the wall. They can be keyed or non-keyed, and come in a variety of styles.
Some of the major players in the cabinet locks & catches market are DTC, Blum Inc, Taiming, Jusen, ADAMS, Hettich, King Slide Works Co. Ltd, ASSA ABLOY, Accuride, Formenti & Giovenzana S.p(FGV), Hafele, GRASS, Yajie, HUTLON, Salice.
The cabinet locks & catches market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cabinet Locks & Catches 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 Locks & Catches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cabinet Locks & Catches 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 Locks & Catches 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 Locks & Catches Market Size & Forecast, 2018-2028
4.5.1 Cabinet Locks & Catches Market Size and Y-o-Y Growth
4.5.2 Cabinet Locks & Catches Market Absolute $ Opportunity
Chapter 5 Global Cabinet Locks & Catches 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 Cabinet Locks & Catches Market Size Forecast by Type
5.2.1 Steel
5.2.2 Brass
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cabinet Locks & Catches 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 Cabinet Locks & Catches Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cabinet Locks & Catches 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 Locks & Catches 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 Cabinet Locks & Catches Analysis and Forecast
9.1 Introduction
9.2 North America Cabinet Locks & Catches 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 Cabinet Locks & Catches Market Size Forecast by Type
9.6.1 Steel
9.6.2 Brass
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 Cabinet Locks & Catches 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 Cabinet Locks & Catches Analysis and Forecast
10.1 Introduction
10.2 Europe Cabinet Locks & Catches 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 Cabinet Locks & Catches Market Size Forecast by Type
10.6.1 Steel
10.6.2 Brass
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 Cabinet Locks & Catches 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 Cabinet Locks & Catches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cabinet Locks & Catches 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 Cabinet Locks & Catches Market Size Forecast by Type
11.6.1 Steel
11.6.2 Brass
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 Cabinet Locks & Catches 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 Cabinet Locks & Catches Analysis and Forecast
12.1 Introduction
12.2 Latin America Cabinet Locks & Catches 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 Cabinet Locks & Catches Market Size Forecast by Type
12.6.1 Steel
12.6.2 Brass
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 Cabinet Locks & Catches 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) Cabinet Locks & Catches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cabinet Locks & Catches 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) Cabinet Locks & Catches Market Size Forecast by Type
13.6.1 Steel
13.6.2 Brass
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) Cabinet Locks & Catches 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 Locks & Catches Market: Competitive Dashboard
14.2 Global Cabinet Locks & Catches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DTC
14.3.2 Blum Inc
14.3.3 Taiming
14.3.4 Jusen
14.3.5 ADAMS
14.3.6 Hettich
14.3.7 King Slide Works Co. Ltd
14.3.8 ASSA ABLOY
14.3.9 Accuride
14.3.10 Formenti & Giovenzana S.p(FGV)
14.3.11 Hafele
14.3.12 GRASS
14.3.13 Yajie
14.3.14 HUTLON
14.3.15 Salice
