Market Overview:
The global mortise lock market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for mortise locks from commercial and residential applications. Additionally, the growing awareness about safety and security is also propelling the demand for mortise locks globally. The global mortise lock market by type is segmented into 2 lever, 3 lever, and 5 lever locks. The 2 lever segment is expected to hold the largest share of the market in 2018 owing to its low cost and easy installation. However, the 3 lever segment is projected to grow at a higher CAGR during the forecast period as it offers enhanced security features over 2 lever locks. The global mortise lock market by application is divided into commercial and residential applications.
Product Definition:
A mortise lock is a type of lock that is installed into a mortise in the door. The key inserts into the keyway in the lock and turns, which then rotates the tumblers inside and opens the door.
2 Lever:
2 lever is a mortise lock with two levers. It has the advantage of both security and convenience. The 2-lever mortise lock is one of the most popular types of residential locks in Europe, especially in France, where it was developed.
The 2 lever Mortise Lock offers more security than a single handle deadbolt as there are two independent locking systems that work simultaneously to secure the door: firstly through the knob or handle.
3 Lever:
3 lever and it's usage in mortise lock market is used for opening as well as closing of the door. It has a advantage over 2-lever mortise locks in that it can be operated with one hand, making it easier to use.
Advantages: 3-lever mortise locks have more leverage than 2-lever ones, which makes them easier to use even with one hand.
Application Insights:
The residential application segment dominated the global market with a revenue share of over 60% in 2017. The growth can be attributed to the increasing number of single-family houses and multi-story residential buildings in developing countries like India, China and Brazil. Mortise locks are considered as an essential product for new constructions or remodeling of old houses as they provide security against burglars while keeping intruders out.
Moreover, mortise locks make it easy to install doors with hardwood panels or glass without the need for additional hardware. This makes them highly suitable for installation in modern day homes that have space constraints due to limited availability of floor area ratio (FAR). Mortise lock manufacturers offer products based on advanced technologies that enhance security along with ease of use thereby driving their demand among consumers globally.
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 high demand for security products and growing construction industry in North America. Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing number of constructions activities, especially in developing countries such as India and China.
Europe also holds a prominent position in terms of mortise lock production followed by North America due to higher adoption rates coupled with increased spending power across these regions compared with other parts of the world.
Growth Factors:
- Increasing demand for mortise locks from the commercial sector on account of their high security features.
- Rising installation of mortise locks in new construction projects across the world.
- Growing popularity of smart locking systems, which is aiding the growth of the mortise lock market.
- Proliferation of online shopping and increasing e-commerce activities, which is resulting in an increase in demand for mortise locks for retail applications as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mortise Lock Market Research Report
By Type
2 Lever, 3 Lever, 5 Lever
By Application
Commercial, Residential
By Companies
ASSA ABLOY Group, Allegion, Dormakaba, Gretsch-Unitas, Hafele Group, Franz Schneider Brakel (FSB), CES, Taymor, Zhejiang Hongli Locks, SELECO, SALTO, Lince, PDQ, Lockwood Industries, Unison Hardware, KAWAJUN, Stanley Black & Decker
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Mortise Lock Market Report Segments:
The global Mortise Lock market is segmented on the basis of:
Types
2 Lever, 3 Lever, 5 Lever
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
Commercial, Residential
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 Group
- Allegion
- Dormakaba
- Gretsch-Unitas
- Hafele Group
- Franz Schneider Brakel (FSB)
- CES
- Taymor
- Zhejiang Hongli Locks
- SELECO
- SALTO
- Lince
- PDQ
- Lockwood Industries
- Unison Hardware
- KAWAJUN
- Stanley Black & Decker
Highlights of The Mortise 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:
- 2 Lever
- 3 Lever
- 5 Lever
- By Application:
- Commercial
- Residential
- 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 Mortise 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?
A mortise lock is a type of lock that uses a key to open and close the door. The key fits into a mortise, or hole, in the doorjamb.
Some of the key players operating in the mortise lock market are ASSA ABLOY Group, Allegion, Dormakaba, Gretsch-Unitas, Hafele Group, Franz Schneider Brakel (FSB), CES, Taymor, Zhejiang Hongli Locks, SELECO, SALTO, Lince, PDQ, Lockwood Industries, Unison Hardware, KAWAJUN, Stanley Black & Decker.
The mortise lock 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 Mortise 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 Mortise Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mortise 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 Mortise 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 Mortise Lock Market Size & Forecast, 2020-2028
4.5.1 Mortise Lock Market Size and Y-o-Y Growth
4.5.2 Mortise Lock 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 2 Lever
5.2.2 3 Lever
5.2.3 5 Lever
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 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mortise 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 Mortise 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 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 2 Lever
9.6.2 3 Lever
9.6.3 5 Lever
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 Commercial
9.10.2 Residential
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 2 Lever
10.6.2 3 Lever
10.6.3 5 Lever
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 Commercial
10.10.2 Residential
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 2 Lever
11.6.2 3 Lever
11.6.3 5 Lever
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 Commercial
11.10.2 Residential
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 2 Lever
12.6.2 3 Lever
12.6.3 5 Lever
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 Commercial
12.10.2 Residential
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 2 Lever
13.6.2 3 Lever
13.6.3 5 Lever
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 Commercial
13.10.2 Residential
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 Mortise Lock Market: Competitive Dashboard
14.2 Global Mortise Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASSA ABLOY Group
14.3.2 Allegion
14.3.3 Dormakaba
14.3.4 Gretsch-Unitas
14.3.5 Hafele Group
14.3.6 Franz Schneider Brakel (FSB)
14.3.7 CES
14.3.8 Taymor
14.3.9 Zhejiang Hongli Locks
14.3.10 SELECO
14.3.11 SALTO
14.3.12 Lince
14.3.13 PDQ
14.3.14 Lockwood Industries
14.3.15 Unison Hardware
14.3.16 KAWAJUN
14.3.17 Stanley Black & Decker
