Market Overview:
The global furniture 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 furniture locks & catches from residential and commercial applications. Additionally, the growing awareness about safety and security is also propelling the growth of this market. The global furniture locks & catches market can be segmented on the basis of type into steel and brass locks & catches.
Product Definition:
A furniture lock is a type of lock that is used to secure furniture. It may be used to secure a piece of furniture to a wall or floor, or to keep the contents of a cabinet or drawer from being accessed. A catch is a type of fastener that is used to hold a door or lid in place. It may be attached to the door or lid itself, or it may be attached to the frame around the door or lid. Furniture locks and catches are important for securing furniture and preventing access to its contents.
Steel:
Steel is a alloy of iron and carbon. It has many different grades, depending on the proportion of these two elements. The most common ones are cast steel and steel that is shaped by heat. Steel can be cold-shaped but it's much easier with the former as it's cheaper & faster to make.
Brass:
Brass is an alloy of copper and zinc. It is generally used in furniture that are used for indoor purposes as it has high durability and strength. The material has a high resistance to corrosion, which makes it suitable for use in outdoor furniture such as chairs, tables, etc.
The global brass & its usage in the furniture locks & catches market size was valued at USD 1.34 billion in 2016.
Application Insights:
The commercial application segment led the global furniture locks and catches market in 2017. Increasing the use of furniture in offices, hotels, restaurants and other public areas is expected to drive demand over the forecast period. The residential application segment is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to rising awareness about safety among consumers across various regions coupled with increasing investments by governments for improving citizens¢â‚¬â„¢ security against burglaries and thefts.
Furniture includes all interior fittings such as beds, cabinets doors etc., that are required in any house for convenience or aesthetic purposes along with their locking systems which include deadbolts, door latches & handles as well as bolts & screws used for securing doors & windows against theft or burglary attacks. Various types of locks including mortise lockets, padlocks etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing home security measures, high disposable income, and a rise in residential construction activities. Europe accounted for over 25% of the overall revenue share in 2017 owing to growing demand from countries such as Germany and U.K.
Asia Pacific is anticipated to witness significant growth over the forecast period owing rising awareness about home security systems coupled with economic development initiatives by governments across various countries including China, India, Japan among others will boost industry size during 2018-2030 periods The Middle East & Africa region was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for furniture locks and catches from the commercial sector as a result of growing security concerns.
- The increasing popularity of modular furniture, which requires locks and catches to hold the various components together securely.
- The increasing use of glass in furniture, which makes it vulnerable to theft unless properly secured with locks and catches.
- The growing trend towards do-it-yourself (DIY) home improvement, which has led to an increase in the demand for furniture locks and catches from consumers keen on securing their own belongings.
- Advances in technology that have led to the development of more sophisticated locking mechanisms, making them more secure and less likely to be compromised by thieves
Scope Of The Report
Report Attributes
Report Details
Report Title
Furniture 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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Furniture Locks & Catches Market Report Segments:
The global Furniture 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 Furniture 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 Furniture 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?
Furniture locks and catchers are devices that are used to secure furniture in a room. They can be attached to the furniture or the wall, and they have a mechanism that allows them to be opened from the inside only. This is important because it prevents children from being able to access items on the furniture or climb onto it.
Some of the major players in the furniture 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 furniture locks & catches 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 Furniture 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 Furniture Locks & Catches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Furniture 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 Furniture 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 Furniture Locks & Catches Market Size & Forecast, 2018-2028
4.5.1 Furniture Locks & Catches Market Size and Y-o-Y Growth
4.5.2 Furniture Locks & Catches Market Absolute $ Opportunity
Chapter 5 Global Furniture 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 Furniture 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 Furniture 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 Furniture 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 Furniture 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 Furniture 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 Furniture Locks & Catches Analysis and Forecast
9.1 Introduction
9.2 North America Furniture 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 Furniture 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 Furniture 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 Furniture Locks & Catches Analysis and Forecast
10.1 Introduction
10.2 Europe Furniture 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 Furniture 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 Furniture 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 Furniture Locks & Catches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Furniture 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 Furniture 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 Furniture 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 Furniture Locks & Catches Analysis and Forecast
12.1 Introduction
12.2 Latin America Furniture 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 Furniture 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 Furniture 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) Furniture Locks & Catches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Furniture 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) Furniture 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) Furniture 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 Furniture Locks & Catches Market: Competitive Dashboard
14.2 Global Furniture 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
