Market Overview:
The global mechanical locks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for padlocks, mortise locks, cylindrical locks, and deadbolt locks across various applications such as doors, furniture, suitcases, external facilities (such as banks and ATMs), bicycles, and others. In addition, the increasing adoption of mechanical locks in developing countries owing to the growing security concerns is also propelling the growth of this market. However, factors such as high installation costs and lack of standardization may restrain the growth of this market during the forecast period.
Product Definition:
Mechanical locks are devices that use a key to unlock them. They are important because they provide security for people and property.
Padlocks:
Padlocks are small mechanical devices used to secure a door or gate. They are also known as deadbolts, due to their circular shape and lack of moving parts. Padlocks can be categorized into two types: standard and cylinder.
Mortise Locks:
Mortise and tenon joints are a fundamental part of woodworking. They are widely used in construction, furniture making, millwork and carpentery to join two or more pieces of wood together. Mortise locks find its application in mechanical locks as it provides additional security to the mechanism by preventing unintended rotation or movement of the locking member with respect to the lock plate.
Application Insights:
External facility locks, such as suitcase and bicycle locks, were the most popular type of mechanical lock in the market. The external facility segment is expected to be one of the prominent users for these products due to increasing awareness about safety among consumers. Furthermore, growing concerns regarding personal safety and security are also likely to fuel demand over the forecast period.
The internal facility segment was dominated by door types with a share of 37% in 2017 owing to high usage at residential places including hotels and restaurants. Increasing use at commercial facilities including hospitals and corporate offices is also projected to drive growth over next seven years. Growing preference for keyless access systems at both internal as well as external facilities will further boost product adoption across all applications during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased construction activities across the globe. This factor is anticipated to boost product demand further. Moreover, rising investments from foreign players are expected to contribute towards regional growth over the next eight years.
North America also held a significant share in terms of revenue generation owing to high demand for security devices from U.S.
Growth Factors:
- Increasing demand from the automotive industry for mechanical locks is expected to drive the growth of the market during the forecast period.
- The increasing use of mechanical locks in residential and commercial buildings is also projected to fuel the growth of this market in the near future.
- Growing concerns over security and safety are anticipated to propel demand for mechanical locks in various applications, thereby propelling market growth over the forecast period.
- The increasing popularity of smart homes is another key factor that is expected to boost demand for mechanical locks in coming years. 5) Technological advancements such as biometric locking systems are likely to create new opportunities for players operating in this market during
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Locks Market Research Report
By Type
Padlocks, Mortise Locks, Cylindrical Locks, Deadbolt Locks, Others
By Application
Doors, Furniture, Suitcase, External Facility, Bicycles, Others
By Companies
ASSA ABLOY, Master Lock, Allegion, Dormakaba, Spectrum Brands, Serrature Meroni, Winkhaus, ECO Schulte, Sargent and Greenleaf, Hafele, ASSA ABLOY, Lowe & Fletcher (Euro-Locks), Ojmar, Alpha Locker, Codelocks, LockeyUSA, The Eastern Company, AGB - Alban Giacomo Spa, ABUS, Nuova Oxidal, Gretsch-Unitas, Franz Schneider Brakel (FSB), CES, Taymor
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Locks Market Report Segments:
The global Mechanical Locks market is segmented on the basis of:
Types
Padlocks, Mortise Locks, Cylindrical Locks, Deadbolt 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
Doors, Furniture, Suitcase, External Facility, Bicycles, 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:
- ASSA ABLOY
- Master Lock
- Allegion
- Dormakaba
- Spectrum Brands
- Serrature Meroni
- Winkhaus
- ECO Schulte
- Sargent and Greenleaf
- Hafele
- ASSA ABLOY
- Lowe & Fletcher (Euro-Locks)
- Ojmar
- Alpha Locker
- Codelocks
- LockeyUSA
- The Eastern Company
- AGB - Alban Giacomo Spa
- ABUS
- Nuova Oxidal
- Gretsch-Unitas
- Franz Schneider Brakel (FSB)
- CES
- Taymor
Highlights of The Mechanical Locks 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
- Mortise Locks
- Cylindrical Locks
- Deadbolt Locks
- Others
- By Application:
- Doors
- Furniture
- Suitcase
- External Facility
- Bicycles
- 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 Mechanical Locks 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?
Mechanical locks are a type of security device that uses a physical key to open the lock.
Some of the key players operating in the mechanical locks market are ASSA ABLOY, Master Lock, Allegion, Dormakaba, Spectrum Brands, Serrature Meroni, Winkhaus, ECO Schulte, Sargent and Greenleaf, Hafele, ASSA ABLOY, Lowe & Fletcher (Euro-Locks), Ojmar, Alpha Locker, Codelocks, LockeyUSA, The Eastern Company, AGB - Alban Giacomo Spa, ABUS, Nuova Oxidal, Gretsch-Unitas, Franz Schneider Brakel (FSB), CES, Taymor.
The mechanical locks 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 Mechanical Locks 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 Mechanical Locks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mechanical Locks 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 Mechanical Locks 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 Mechanical Locks Market Size & Forecast, 2020-2028
4.5.1 Mechanical Locks Market Size and Y-o-Y Growth
4.5.2 Mechanical Locks 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 Padlocks
5.2.2 Mortise Locks
5.2.3 Cylindrical Locks
5.2.4 Deadbolt Locks
5.2.5 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 Doors
6.2.2 Furniture
6.2.3 Suitcase
6.2.4 External Facility
6.2.5 Bicycles
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mechanical Locks 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 Mechanical Locks 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 Padlocks
9.6.2 Mortise Locks
9.6.3 Cylindrical Locks
9.6.4 Deadbolt Locks
9.6.5 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 Doors
9.10.2 Furniture
9.10.3 Suitcase
9.10.4 External Facility
9.10.5 Bicycles
9.10.6 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 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 Padlocks
10.6.2 Mortise Locks
10.6.3 Cylindrical Locks
10.6.4 Deadbolt Locks
10.6.5 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 Doors
10.10.2 Furniture
10.10.3 Suitcase
10.10.4 External Facility
10.10.5 Bicycles
10.10.6 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 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 Padlocks
11.6.2 Mortise Locks
11.6.3 Cylindrical Locks
11.6.4 Deadbolt Locks
11.6.5 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 Doors
11.10.2 Furniture
11.10.3 Suitcase
11.10.4 External Facility
11.10.5 Bicycles
11.10.6 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 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 Padlocks
12.6.2 Mortise Locks
12.6.3 Cylindrical Locks
12.6.4 Deadbolt Locks
12.6.5 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 Doors
12.10.2 Furniture
12.10.3 Suitcase
12.10.4 External Facility
12.10.5 Bicycles
12.10.6 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) 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 Padlocks
13.6.2 Mortise Locks
13.6.3 Cylindrical Locks
13.6.4 Deadbolt Locks
13.6.5 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 Doors
13.10.2 Furniture
13.10.3 Suitcase
13.10.4 External Facility
13.10.5 Bicycles
13.10.6 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 Mechanical Locks Market: Competitive Dashboard
14.2 Global Mechanical Locks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASSA ABLOY
14.3.2 Master Lock
14.3.3 Allegion
14.3.4 Dormakaba
14.3.5 Spectrum Brands
14.3.6 Serrature Meroni
14.3.7 Winkhaus
14.3.8 ECO Schulte
14.3.9 Sargent and Greenleaf
14.3.10 Hafele
14.3.11 ASSA ABLOY
14.3.12 Lowe & Fletcher (Euro-Locks)
14.3.13 Ojmar
14.3.14 Alpha Locker
14.3.15 Codelocks
14.3.16 LockeyUSA
14.3.17 The Eastern Company
14.3.18 AGB - Alban Giacomo Spa
14.3.19 ABUS
14.3.20 Nuova Oxidal
14.3.21 Gretsch-Unitas
14.3.22 Franz Schneider Brakel (FSB)
14.3.23 CES
14.3.24 Taymor
