Market Overview:
The global locker locks 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 locker locks from various end-use industries, such as educational institutions, healthcare organizations, and corporate offices. In addition, the growing popularity of smart lockers is also contributing to the growth of this market. The global locker locks market can be segmented on the basis of type into electronic locker locks and mechanical locker locks.
Product Definition:
Locker locks are used to secure personal belongings in a locker. They are typically made of metal and have a key or combination lock. Locker locks are important for securing personal belongings, as they can prevent theft or tampering.
Electronic Locker Locks:
Electronic Locker Locks, also known as electronic lockboxes or digital lockboxes, are becoming increasingly popular among consumers. The key reason for their growing popularity is that they offer increased security against the unauthorized user.
The other major factor responsible for their growing popularity is that they provide greater convenience to customers by allowing them to access their property even when away from the premises.
Mechanical Locker Locks:
Mechanical Locker Locks are used in combination with padlocks to provide an extra layer of security. The mechanical lock is a key-based locking system, which uses a dial or wheel to select the appropriate code for opening the door. These locks are available in both electronic and mechanical forms, where electronic variants use microcontrollers and sensors to perform basic functions such as preventing unwanted accesses and ensuring that only authorized users open their locker at the end of each day.
Application Insights:
Metal lockers were the most prominent segment and accounted for a revenue share of more than 40.0% in 2017. Metal lockers are widely used in schools, colleges, universities, sports clubs, offices and other commercial spaces as a secure storage facility for valuables such as laptops, mobiles and wallets. Increasing awareness regarding the safety of belongings stored in locker rooms has been driving the demand for metal lockers. Furthermore, metal locker also have aesthetic appeal due to its sturdy construction and this is likely to bode well for market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in construction and manufacturing sectors by various companies. For instance, in September 2017, Siemens AG announced plans for investing around USD X million over a period of four years in India’s power sector. The company planned to use this money for building electric vehicles and energy storage systems among other things.
North America region accounted for more than 25% of global revenue share in 2016 owing to high demand from educational institutes and corporate places across U.S.
Growth Factors:
- Increasing demand for locker locks from the banking and financial sector as a result of increasing security concerns
- Growing popularity of smart locks and digital keys, which are expected to boost the locker locks market growth over the forecast period
- Proliferation of e-commerce and m-commerce platforms, which is expected to create new opportunities for locker lock manufacturers in the coming years
- Rising demand for customized locker locks from educational institutions and other commercial establishments
- Increasing awareness about safety and security among consumers, which is likely to fuel the growth of the global locker locks market in the near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Locker Locks Market Research Report
By Type
Electronic Locker Locks, Mechanical Locker Locks
By Application
Metal Lockers, Wood Lockers, Plastic and Phenolic Lockers, Laminate Lockers
By Companies
ABS Corporation, ABUS, Adel, Allegion, Ashoka, ASSA-Abloy, Dessmann, Digilock, Dormakaba, Godrej, Golden Locks, Hafele, Honda, Hoshimoto, Jiangmen Keyu, KAADAS, KeyLocks, Kodia, Koyo Locks, LIHAR, Likcoo, Link Locks, Lowe & Fletcher, Master Lock, Ojmar, REAL Group, Samsung, Shah Industries, Shrida Udyog, Teksun, Viet-Tiep, Yifeng, Zhejiang YongJing
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Locker Locks Market Report Segments:
The global Locker Locks market is segmented on the basis of:
Types
Electronic Locker Locks, Mechanical Locker Locks
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
Metal Lockers, Wood Lockers, Plastic and Phenolic Lockers, Laminate Lockers
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:
- ABS Corporation
- ABUS
- Adel
- Allegion
- Ashoka
- ASSA-Abloy
- Dessmann
- Digilock
- Dormakaba
- Godrej
- Golden Locks
- Hafele
- Honda
- Hoshimoto
- Jiangmen Keyu
- KAADAS
- KeyLocks
- Kodia
- Koyo Locks
- LIHAR
- Likcoo
- Link Locks
- Lowe & Fletcher
- Master Lock
- Ojmar
- REAL Group
- Samsung
- Shah Industries
- Shrida Udyog
- Teksun
- Viet-Tiep
- Yifeng
- Zhejiang YongJing
Highlights of The Locker 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:
- Electronic Locker Locks
- Mechanical Locker Locks
- By Application:
- Metal Lockers
- Wood Lockers
- Plastic and Phenolic Lockers
- Laminate Lockers
- 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 Locker 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.
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- Correctly Positioning New Products
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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?
Locker locks are a type of security lock that is used to secure personal belongings in a locker. Locker locks typically use a combination of numbers and letters to unlock the locker, and can be changed regularly depending on the security needs of the individual facility.
Some of the major players in the locker locks market are ABS Corporation, ABUS, Adel, Allegion, Ashoka, ASSA-Abloy, Dessmann, Digilock, Dormakaba, Godrej, Golden Locks, Hafele, Honda, Hoshimoto, Jiangmen Keyu, KAADAS, KeyLocks, Kodia, Koyo Locks, LIHAR, Likcoo, Link Locks, Lowe & Fletcher, Master Lock, Ojmar, REAL Group, Samsung, Shah Industries, Shrida Udyog, Teksun, Viet-Tiep, Yifeng, Zhejiang YongJing.
The locker locks market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Locker Locks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Locker Locks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Locker Locks Market - Supply Chain
4.5. Global Locker Locks Market Forecast
4.5.1. Locker Locks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Locker Locks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Locker Locks Market Absolute $ Opportunity
5. Global Locker Locks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Locker Locks Market Size and Volume Forecast by Type
5.3.1. Electronic Locker Locks
5.3.2. Mechanical Locker Locks
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Locker Locks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Locker Locks Market Size and Volume Forecast by Application
6.3.1. Metal Lockers
6.3.2. Wood Lockers
6.3.3. Plastic and Phenolic Lockers
6.3.4. Laminate Lockers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Locker Locks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Locker Locks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Locker Locks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Locker Locks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Locker Locks Demand Share Forecast, 2019-2026
9. North America Locker Locks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Locker Locks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Locker Locks Market Size and Volume Forecast by Application
9.4.1. Metal Lockers
9.4.2. Wood Lockers
9.4.3. Plastic and Phenolic Lockers
9.4.4. Laminate Lockers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Locker Locks Market Size and Volume Forecast by Type
9.7.1. Electronic Locker Locks
9.7.2. Mechanical Locker Locks
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Locker Locks Demand Share Forecast, 2019-2026
10. Latin America Locker Locks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Locker Locks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Locker Locks Market Size and Volume Forecast by Application
10.4.1. Metal Lockers
10.4.2. Wood Lockers
10.4.3. Plastic and Phenolic Lockers
10.4.4. Laminate Lockers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Locker Locks Market Size and Volume Forecast by Type
10.7.1. Electronic Locker Locks
10.7.2. Mechanical Locker Locks
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Locker Locks Demand Share Forecast, 2019-2026
11. Europe Locker Locks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Locker Locks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Locker Locks Market Size and Volume Forecast by Application
11.4.1. Metal Lockers
11.4.2. Wood Lockers
11.4.3. Plastic and Phenolic Lockers
11.4.4. Laminate Lockers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Locker Locks Market Size and Volume Forecast by Type
11.7.1. Electronic Locker Locks
11.7.2. Mechanical Locker Locks
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Locker Locks Demand Share, 2019-2026
12. Asia Pacific Locker Locks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Locker Locks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Locker Locks Market Size and Volume Forecast by Application
12.4.1. Metal Lockers
12.4.2. Wood Lockers
12.4.3. Plastic and Phenolic Lockers
12.4.4. Laminate Lockers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Locker Locks Market Size and Volume Forecast by Type
12.7.1. Electronic Locker Locks
12.7.2. Mechanical Locker Locks
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Locker Locks Demand Share, 2019-2026
13. Middle East & Africa Locker Locks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Locker Locks Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Locker Locks Market Size and Volume Forecast by Application
13.4.1. Metal Lockers
13.4.2. Wood Lockers
13.4.3. Plastic and Phenolic Lockers
13.4.4. Laminate Lockers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Locker Locks Market Size and Volume Forecast by Type
13.7.1. Electronic Locker Locks
13.7.2. Mechanical Locker Locks
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Locker Locks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Locker Locks Market: Market Share Analysis
14.2. Locker Locks Distributors and Customers
14.3. Locker Locks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABS Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABUS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Adel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Allegion
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ashoka
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ASSA-Abloy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dessmann
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Digilock
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dormakaba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Godrej
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Golden Locks
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hafele
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Honda
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hoshimoto
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jiangmen Keyu
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. KAADAS
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. KeyLocks
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kodia
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Koyo Locks
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. LIHAR
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook