Mechanical Locks Market - By Application (Doors, Bicycles, Furniture, Suitcase, and Other), By Material (Copper, Stainless Steel, Iron, Aluminum, and Others), By Type (Mortise Locks, Padlocks, Deadbolt, Cylindrical Locks, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Mechanical Locks market, which is likely to accrue revenue of nearly 9.16(USD Billion) by 2026, will register a CAGR of nearly 5.1% during the period from 2020 to 2026.

20-Jul-2020 | Report Code: ZMR-3340 | Report Format : | Status : Published

Abstract

The global Mechanical Locks market, which is likely to accrue revenue of nearly 9.16(USD Billion) by 2026, will register a CAGR of nearly 5.1% during the period from 2020 to 2026. The report offers assessment and analysis of the Mechanical Locks market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

Mechanical locks are the equipment that helps in securing the opening of the closed door and can be opened only after release mechanism is triggered. The release mechanism mainly includes a lever, thumb turn, key, and knob. There are myriad kinds of these products such as disk tumbler, pin tumbler, and lever tumbler. They all offer similar functionalities for securing the door.

Market Growth Dynamics

The growth of the mechanical locks industry over the forecast timeline is owing to escalating security concerns among the end-users for safeguarding their residences. In addition to this, escalating popularity of waterproof padlocks in marine sector will propel the market trends. Apart from this, inflation in the need for tubular and interconnected locks will gauge the growth of mechanical locks industry over the estimated timeline.

Moreover, mechanical locks are portable, offer resistance against stiff weather conditions, and keyless, thereby enlarging the scope of the mechanical locks industry over the forecast timeline. Apparently, huge resistance of mechanical locks like stainless steel locks against heat, rust, and abrasion will favorably upsurge the sales of mechanical locks in the foreseeable future.

Asia Pacific To Account For Major Market Revenue Share By 2026

The growth of the market in the Asia Pacific zone during 2020-2026 is owing to rise in the residential as well as commercial building & construction activities in the countries like China and India. Humongous presence of the key players in the region will further propel the business growth in the region over the forecast timeframe.

Key players profiled in the report include Assa Abloy AB, ECO Schulte GMBH & Co. KG, DOM Security, Spectrum Brands Holdings, Inc., The Eastern Company, Draper Tools Ltd., dormakaba International Holding GmbH, Serrature Meroni SpA, Allegion PLC, Codelocks Inc., EVVA Sicherheitstechnologie GmbH, August Bremicker Söhne KG, Nuova Oxidal SRL, Serrature Meroni SpA, and Godrej & Boyce Manufacturing Company Limited.

The global mechanical locks market is segmented as follows:

By application:

  • Bicycles
  • Doors
  • Furniture
  • Suitcase
  • Other

By material:

  • Aluminum
  • Stainless Steel
  • Copper
  • Iron
  • Others

By type:

  • Deadbolt
  • Padlocks
  • Mortise Locks
  • Cylindrical Locks
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Growth of the mechanical locks industry over the forecast timeline is owing to escalating security concerns among the end-users for safeguarding their residences will magnify the market growth over the coming years.

The CAGR of the industry is expected to be nearly 5.1% during the forecast time.

Asia Pacific will contribute remarkably towards the global market share over the estimated timeframe.

The key market players include DOM Security, Spectrum Brands Holdings, Inc., Draper Tools Ltd., Allegion PLC, Codelocks Inc., EVVA Sicherheitstechnologie GmbH, August Bremicker Söhne KG, Nuova Oxidal SRL, Serrature Meroni SpA, Assa Abloy AB, The Eastern Company, dormakaba International Holding GmbH, ECO Schulte GMBH & Co. KG, and Godrej & Boyce Manufacturing Company Limited.

Related Reports

Cashew Milk Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5506 | Report Format:

Global Cashew Milk Market: Overview Cashew milk is made by blending cashews with water. It is a creamy lactose-free liquid which is a perfect alternative to milk. Marketers sell cashew milk with several excipients like thickening agents namely guar gum and xanthan gum, flavoring agents namely va...Read More

Home Office Spending Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5491 | Report Format:

Global Home Office Spending Market: Overview Home offices play a crucial role in todays work and family environment. These offices are used for numerous purposes such as students accessing information for school projects, researching information online, and by those who work from home. Based on ...Read More

CBD Snacks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026.

Price : $ 3999.00 | Report Code: ZMR-5489 | Report Format:

Global CBD Snacks Market: Overview Cannabidiol (CBD) is one of the phytochemicals found in the Cannabis sativa plant. Unlike THC, CBD does not make the consumer feel high. CBD oil is derived from resins, flowers, and leaves of the cannabis plant. CBD oil is most commonly used to make a tincture,...Read More

Makeup Base Market By Product (Foundation, Concealer, Powder, Primer, and Others), By Distribution Channel (Online and Brick & Mortar), By End Use (Individual and Professional): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Dec-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5485 | Report Format:

The makeup base market is set for a rapid growth over the forecast period. In terms of revenue, the global makeup base market accounted for USD 12.4 Billion in 2019 and is expected to reach USD 13.3 Billion by 2026, growing at a CAGR of 4.8%. Global Makeup Base Market: Overview Makeup base con...Read More

Smart Shoes Market by Distribution Channel (Specialty Stores, Online, and Supermarket & Hypermarket), By End User (Male and Female): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Nov-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5484 | Report Format:

The smart shoes market is set for a rapid growth over the forecast period. In terms of revenue, the global smart shoes market accounted for USD 129.4 Million in 2019 and is expected to reach USD 361.4 Million by 2026, growing at a CAGR of 11.2%. Global Smart Shoes Market: Overview Smart shoe i...Read More

Request Free Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.