Market Overview:
The global locking device 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 locking devices in various applications such as nautical, industry, and others. In addition, the growing awareness about safety and security among consumers is also propelling the growth of the global locking device market. The global locking device market by type can be segmented into two categories: with security screws and without security screws. The with security screws segment is expected to dominate the global locking device market during the forecast period owing to its features such as tamper-proofing and resistance against forced entry attempts. However, this segment is projected to register a lower CAGR than that of without security screws segment during the forecast period due to its high cost as compared to other types of locks available in the market.
Product Definition:
A locking device is a tool used to prevent movement of an object. It is typically used in conjunction with a restraining device, such as a chain or cable, to secure the object. The importance of using a locking device is that it prevents the object from being moved, which can keep it safe from theft or damage.
With Security Screws:
With the growing demand for electronic devices, there is a need to protect these devices from physical damage. One of the important methods to achieve this goal is through screws. Security screws are used in various applications such as laptops and personal computers, smartphones and tablets, smart home automation systems among others.
No Security Screws:
No Security Screws are used in Locking Device to avoid unwanted removal or modification of the device. These devices have a wide range of applications such as Computer peripherals, Cell phones & Accessories, Home appliances and Automotive among others. The demand for these devices is increasing rapidly owing to their features such as easy installation and lightweight design among others.
Application Insights:
The industry application segment accounted for the largest share of over 50.0% in 2017. The growth can be attributed to increasing industrialization and construction activities in developing countries including India, China, Brazil etc. Furthermore, governments are taking initiatives to promote investment through tax rebates and other benefits by adopting L-shaped locks in commercial buildings as a standard security device.
The others segment includes healthcare facilities, public buildings (such as city halls), educational institutions (elementary schools & colleges), sports facilities/arenas/stadiums and religious places among others. These applications require high security devices due to the risk of theft or damage caused by unauthorised entry of individuals or groups into restricted areas where valuable assets are stored or located such as cash reserves at banks etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing maritime activities in countries, such as China, India, Singapore, Thailand and Indonesia. Moreover, rising investments by various governments for developing ports and other infrastructure facilities are anticipated to fuel industry expansion over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to high demand from residential applications due to growing concerns regarding security issues associated with standard screwdrivers. However, stringent government regulations pertaining to locking devices may hinder regional growth sooner or later.
Growth Factors:
- Increasing demand for locking devices from the automotive industry as a result of the increasing production of vehicles.
- Growing demand for locking devices in construction and infrastructure projects due to the increasing spending on these sectors.
- Rising demand for locking devices from the commercial sector due to growth in retail and hospitality industries.
- Increasing use of electronic locks and smart locks, which offer enhanced security features, is driving the growth of the market for locking devices globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Locking Device Market Research Report
By Type
With Security Screws, No Security Screws
By Application
Nautical, Industry, Others
By Companies
Sitema, Schnorr GmbH, Dellner Brakes, MHA Zentgraf, SIT S.p.A., dormakaba Group, Leuze electronic GmbH, DEWERTOKIN GMBH, Climax Metal Products Company, Purus, Sitema, Eaton, Leuze electronic, Inc, ITAP, ASSA ABLOY
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Locking Device Market Report Segments:
The global Locking Device market is segmented on the basis of:
Types
With Security Screws, No Security Screws
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
Nautical, Industry, Others
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:
- Sitema
- Schnorr GmbH
- Dellner Brakes
- MHA Zentgraf
- SIT S.p.A.
- dormakaba Group
- Leuze electronic GmbH
- DEWERTOKIN GMBH
- Climax Metal Products Company
- Purus
- Sitema
- Eaton
- Leuze electronic, Inc
- ITAP
- ASSA ABLOY
Highlights of The Locking Device 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:
- With Security Screws
- No Security Screws
- By Application:
- Nautical
- Industry
- Others
- 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 Locking Device 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?
A locking device is a security feature that helps protect your belongings from unauthorized access. Locking devices can include locks, combination locks, and keyless entry systems.
Some of the major players in the locking device market are Sitema, Schnorr GmbH, Dellner Brakes, MHA Zentgraf, SIT S.p.A., dormakaba Group, Leuze electronic GmbH, DEWERTOKIN GMBH, Climax Metal Products Company, Purus, Sitema, Eaton, Leuze electronic, Inc, ITAP, ASSA ABLOY.
The locking device 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 Locking Device 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 Locking Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Locking Device 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 Locking Device 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 Locking Device Market Size & Forecast, 2018-2028
4.5.1 Locking Device Market Size and Y-o-Y Growth
4.5.2 Locking Device Market Absolute $ Opportunity
Chapter 5 Global Locking Device 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 Locking Device Market Size Forecast by Type
5.2.1 With Security Screws
5.2.2 No Security Screws
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Locking Device 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 Locking Device Market Size Forecast by Applications
6.2.1 Nautical
6.2.2 Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Locking Device 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 Locking Device 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 Locking Device Analysis and Forecast
9.1 Introduction
9.2 North America Locking Device 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 Locking Device Market Size Forecast by Type
9.6.1 With Security Screws
9.6.2 No Security Screws
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 Locking Device Market Size Forecast by Applications
9.10.1 Nautical
9.10.2 Industry
9.10.3 Others
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 Locking Device Analysis and Forecast
10.1 Introduction
10.2 Europe Locking Device 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 Locking Device Market Size Forecast by Type
10.6.1 With Security Screws
10.6.2 No Security Screws
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 Locking Device Market Size Forecast by Applications
10.10.1 Nautical
10.10.2 Industry
10.10.3 Others
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 Locking Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Locking Device 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 Locking Device Market Size Forecast by Type
11.6.1 With Security Screws
11.6.2 No Security Screws
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 Locking Device Market Size Forecast by Applications
11.10.1 Nautical
11.10.2 Industry
11.10.3 Others
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 Locking Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Locking Device 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 Locking Device Market Size Forecast by Type
12.6.1 With Security Screws
12.6.2 No Security Screws
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 Locking Device Market Size Forecast by Applications
12.10.1 Nautical
12.10.2 Industry
12.10.3 Others
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) Locking Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Locking Device 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) Locking Device Market Size Forecast by Type
13.6.1 With Security Screws
13.6.2 No Security Screws
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) Locking Device Market Size Forecast by Applications
13.10.1 Nautical
13.10.2 Industry
13.10.3 Others
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 Locking Device Market: Competitive Dashboard
14.2 Global Locking Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sitema
14.3.2 Schnorr GmbH
14.3.3 Dellner Brakes
14.3.4 MHA Zentgraf
14.3.5 SIT S.p.A.
14.3.6 dormakaba Group
14.3.7 Leuze electronic GmbH
14.3.8 DEWERTOKIN GMBH
14.3.9 Climax Metal Products Company
14.3.10 Purus
14.3.11 Sitema
14.3.12 Eaton
14.3.13 Leuze electronic, Inc
14.3.14 ITAP
14.3.15 ASSA ABLOY
