Market Overview:
The global lock market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for locks in residential, hospitality, enterprise, and critical infrastructure applications. The padlocks segment is expected to dominate the global lock market during the forecast period owing to its low installation and maintenance cost as compared to other types of locks. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing demand for locks in residential and commercial applications.
Product Definition:
Padlocks:
Padlocks are small mechanical devices that are used to secure a padlock on the end of a key. The lock is usually attached to a chain or cord and can be carried by hand or hung from its loop. It is designed for applications where there is no need for keys, such as hotel room doors, briefcases, storage units at home and car ignition locks among others.
Deadbolts:
The deadbolts are one of the important types of locks used in residential and commercial buildings for securing doors and windows. It is a mechanical lock that uses a metal plate as a security device to resist forced opening by using steel or iron bolts. The metal plates are mounted on the doorframe at both sides, top, bottom and center. When closed, it creates an impenetrable barrier; when opened it provides access to the inside or outside through portals such as doors or windows.
Application Insights:
The residential segment accounted for the largest share of more than 50.0% in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing infrastructural development across major economies, including China, India and Brazil has resulted in increased lock manufacturing industry growth across these countries which will positively impact the global market growth over the next few years.
Hospitality sector is one of the significant consumers owing to increasing number of hotels & restaurants around the world which require various types of locks for their doors including deadbolts, knob locks and lever handle locks among others as per their requirement.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue owing to increasing construction activities, growing population, and rising demand from developing countries such as China and India. Moreover, key manufacturers are expanding their business operations across Asia Pacific due to low manufacturing costs coupled with easy availability of skilled labor at economical costs. This has resulted in an increased number of locks being sold over the past few years.
North America is projected to grow at a significant rate during the forecast period owing to high demand from residential application segment on account of growing trend towards home automation products among consumers which have increased significantly since 2010s resulting into higher sales volume for global lock companies operating within North America region including deadbolt locks by Key Security Products; lever handle door locks by Assa Abloy; cam locking systems by CamLock Corporation; knob handle mortise cylinderlocks by American Lock Company Inc.
Growth Factors:
- Increasing demand for security and safety from both individuals and businesses
- Growing popularity of smart locks that can be controlled remotely
- Proliferation of the sharing economy, which is driving the demand for rental properties and short-term rentals
- Rising awareness of the importance of home security among consumers
- Advances in digital technologies that are making smart locks more accessible and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Lock Market Research Report
By Type
Padlocks, Deadbolts, Knob Locks, Lever Handle Locks, Cam Locks, Others
By Application
Residential, Hospitality, Enterprise, Critical Infrastructure
By Companies
Godrej & Boyce, Amsec, Gunnebo, Yale, Bode Panzer, Bricard, Cisa, Compx International, Godrej & Boyce
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Lock Market Report Segments:
The global Lock market is segmented on the basis of:
Types
Padlocks, Deadbolts, Knob Locks, Lever Handle Locks, Cam Locks, 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, Hospitality, Enterprise, Critical Infrastructure
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:
- Godrej & Boyce
- Amsec
- Gunnebo
- Yale
- Bode Panzer
- Bricard
- Cisa
- Compx International
- Godrej & Boyce
Highlights of The 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:
- Padlocks
- Deadbolts
- Knob Locks
- Lever Handle Locks
- Cam Locks
- Others
- By Application:
- Residential
- Hospitality
- Enterprise
- Critical Infrastructure
- 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 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?
Lock is a security feature in Android that helps protect your device from unauthorized access. When you set up Lock, you can choose to require a passcode or pattern before anyone can use your phone.
Some of the major players in the lock market are Godrej & Boyce, Amsec, Gunnebo, Yale, Bode Panzer, Bricard, Cisa, Compx International, Godrej & Boyce.
The lock 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 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 Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Lock Market Size & Forecast, 2018-2028
4.5.1 Lock Market Size and Y-o-Y Growth
4.5.2 Lock Market Absolute $ Opportunity
Chapter 5 Global Lock 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 Lock Market Size Forecast by Type
5.2.1 Padlocks
5.2.2 Deadbolts
5.2.3 Knob Locks
5.2.4 Lever Handle Locks
5.2.5 Cam Locks
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lock 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 Lock Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Hospitality
6.2.3 Enterprise
6.2.4 Critical Infrastructure
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Lock Analysis and Forecast
9.1 Introduction
9.2 North America Lock 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 Lock Market Size Forecast by Type
9.6.1 Padlocks
9.6.2 Deadbolts
9.6.3 Knob Locks
9.6.4 Lever Handle Locks
9.6.5 Cam Locks
9.6.6 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 Lock Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Hospitality
9.10.3 Enterprise
9.10.4 Critical Infrastructure
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 Lock Analysis and Forecast
10.1 Introduction
10.2 Europe Lock 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 Lock Market Size Forecast by Type
10.6.1 Padlocks
10.6.2 Deadbolts
10.6.3 Knob Locks
10.6.4 Lever Handle Locks
10.6.5 Cam Locks
10.6.6 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 Lock Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Hospitality
10.10.3 Enterprise
10.10.4 Critical Infrastructure
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 Lock Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lock 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 Lock Market Size Forecast by Type
11.6.1 Padlocks
11.6.2 Deadbolts
11.6.3 Knob Locks
11.6.4 Lever Handle Locks
11.6.5 Cam Locks
11.6.6 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 Lock Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Hospitality
11.10.3 Enterprise
11.10.4 Critical Infrastructure
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 Lock Analysis and Forecast
12.1 Introduction
12.2 Latin America Lock 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 Lock Market Size Forecast by Type
12.6.1 Padlocks
12.6.2 Deadbolts
12.6.3 Knob Locks
12.6.4 Lever Handle Locks
12.6.5 Cam Locks
12.6.6 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 Lock Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Hospitality
12.10.3 Enterprise
12.10.4 Critical Infrastructure
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) Lock Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lock 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) Lock Market Size Forecast by Type
13.6.1 Padlocks
13.6.2 Deadbolts
13.6.3 Knob Locks
13.6.4 Lever Handle Locks
13.6.5 Cam Locks
13.6.6 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) Lock Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Hospitality
13.10.3 Enterprise
13.10.4 Critical Infrastructure
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 Lock Market: Competitive Dashboard
14.2 Global Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Godrej & Boyce
14.3.2 Amsec
14.3.3 Gunnebo
14.3.4 Yale
14.3.5 Bode Panzer
14.3.6 Bricard
14.3.7 Cisa
14.3.8 Compx International
14.3.9 Godrej & Boyce
