Mechanical Locks Market Opportunities 2031
Mechanical locks are devices that work on release mechanism activation. To secure a door, furniture, suitcases, bicycles, and another external facility, the lever, knob, key, or thumb turn are to be mounted for release mechanism activation to open it. These locks are made of the materials such as brass, plated brass, steel, nickel, and other alloys. These locks act as a protector or guard for the belongings and properties of an individual.
MARKET DYNAMICS
Mechanical locks are convenient as there is no need for any power source or batteries, no risk of online hacking, they have a longer life span. The market has vertical growth as the manufacturers making locks that include the water-proofing padlock mechanism and using a better blend of alloys which makes lock, pressure, and stress-resistant. Besides this, the rising physical security concerns among the people, cost-effectiveness, and the demand is increasing in electrical locking devices are the boosting factors to grow the mechanical locks market globally.
MARKET SCOPE
The "Global Mechanical Locks Market Analysis to 2031" is a specialized and in-depth study of consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the mechanical locks market with detailed market segmentation by type and end-user. The global mechanical locks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mechanical locks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mechanical locks market is segmented into type and end user. Based on type, the global mechanical locks market is segmented into mortise, cylindrical, tubular, interconnected, deadbolt, and others. By end-user, the global mechanical locks market is classified into doors, furniture, suitcase, external facility, bicycles, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the mechanical locks industry, including both qualitative and quantitative information. It provides an overview and forecast of the global mechanical locks market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The mechanical locks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mechanical locks market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the mechanical locks market in these regions.
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the mechanical locks industry, including both qualitative and quantitative information. It provides an overview and forecast of the global mechanical locks market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The mechanical locks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mechanical locks market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the mechanical locks market in these regions.
MARKET PLAYERS
The report covers vital developments in the mechanical locks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the mechanical locks market are anticipated to lucrative growth opportunities in the future with the rising demand for mechanical locks in the global market. Below mentioned is the list of few companies engaged in the mechanical locks market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mechanical locks market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Serrature Meroni Spa.
- Eco Schulte GmbH and Co. KG.
- ASSA ABLOY AB.
- Mul T Locks
- The Eastern Company
- Dormakaba Holdings AG.
- EVVA Sicherheitstechnologie GmbH
- Nuova Oxidal SRL
- Spectrum Brands Inc.
- August Bremicker Sohne KG
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mechanical Locks Market - By Type
1.3.2 Mechanical Locks Market - By End Users
1.3.3 Mechanical Locks Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MECHANICAL LOCKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. MECHANICAL LOCKS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MECHANICAL LOCKS MARKET - GLOBAL MARKET ANALYSIS
6.1. MECHANICAL LOCKS - GLOBAL MARKET OVERVIEW
6.2. MECHANICAL LOCKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MECHANICAL LOCKS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MORTISE
7.3.1. Overview
7.3.2. Mortise Market Forecast and Analysis
7.4. CYLINDRICAL
7.4.1. Overview
7.4.2. Cylindrical Market Forecast and Analysis
7.5. TUBULAR
7.5.1. Overview
7.5.2. Tubular Market Forecast and Analysis
7.6. INTERCONNECTED
7.6.1. Overview
7.6.2. Interconnected Market Forecast and Analysis
7.7. DEADBOLT
7.7.1. Overview
7.7.2. Deadbolt Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. MECHANICAL LOCKS MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. DOORS
8.3.1. Overview
8.3.2. Doors Market Forecast and Analysis
8.4. FURNITURE
8.4.1. Overview
8.4.2. Furniture Market Forecast and Analysis
8.5. SUITCASE
8.5.1. Overview
8.5.2. Suitcase Market Forecast and Analysis
8.6. EXTERNAL FACILITY
8.6.1. Overview
8.6.2. External Facility Market Forecast and Analysis
8.7. BICYCLES
8.7.1. Overview
8.7.2. Bicycles Market Forecast and Analysis
8.8. OTHERS.
8.8.1. Overview
8.8.2. Others. Market Forecast and Analysis
9. MECHANICAL LOCKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Mechanical Locks Market Overview
9.1.2 North America Mechanical Locks Market Forecasts and Analysis
9.1.3 North America Mechanical Locks Market Forecasts and Analysis - By Type
9.1.4 North America Mechanical Locks Market Forecasts and Analysis - By End Users
9.1.5 North America Mechanical Locks Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Mechanical Locks Market
9.1.5.1.1 Canada Mechanical Locks Market by Type
9.1.5.1.2 Canada Mechanical Locks Market by End Users
9.1.5.2 Mexico Mechanical Locks Market
9.1.5.2.1 Mexico Mechanical Locks Market by Type
9.1.5.2.2 Mexico Mechanical Locks Market by End Users
9.1.5.3 US Mechanical Locks Market
9.1.5.3.1 US Mechanical Locks Market by Type
9.1.5.3.2 US Mechanical Locks Market by End Users
9.2. EUROPE
9.2.1 Europe Mechanical Locks Market Overview
9.2.2 Europe Mechanical Locks Market Forecasts and Analysis
9.2.3 Europe Mechanical Locks Market Forecasts and Analysis - By Type
9.2.4 Europe Mechanical Locks Market Forecasts and Analysis - By End Users
9.2.5 Europe Mechanical Locks Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Mechanical Locks Market
9.2.5.1.1 Germany Mechanical Locks Market by Type
9.2.5.1.2 Germany Mechanical Locks Market by End Users
9.2.5.2 France Mechanical Locks Market
9.2.5.2.1 France Mechanical Locks Market by Type
9.2.5.2.2 France Mechanical Locks Market by End Users
9.2.5.3 Italy Mechanical Locks Market
9.2.5.3.1 Italy Mechanical Locks Market by Type
9.2.5.3.2 Italy Mechanical Locks Market by End Users
9.2.5.4 United Kingdom Mechanical Locks Market
9.2.5.4.1 United Kingdom Mechanical Locks Market by Type
9.2.5.4.2 United Kingdom Mechanical Locks Market by End Users
9.2.5.5 Russia Mechanical Locks Market
9.2.5.5.1 Russia Mechanical Locks Market by Type
9.2.5.5.2 Russia Mechanical Locks Market by End Users
9.2.5.6 Rest of Europe Mechanical Locks Market
9.2.5.6.1 Rest of Europe Mechanical Locks Market by Type
9.2.5.6.2 Rest of Europe Mechanical Locks Market by End Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Mechanical Locks Market Overview
9.3.2 Asia-Pacific Mechanical Locks Market Forecasts and Analysis
9.3.3 Asia-Pacific Mechanical Locks Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Mechanical Locks Market Forecasts and Analysis - By End Users
9.3.5 Asia-Pacific Mechanical Locks Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Mechanical Locks Market
9.3.5.1.1 Australia Mechanical Locks Market by Type
9.3.5.1.2 Australia Mechanical Locks Market by End Users
9.3.5.2 China Mechanical Locks Market
9.3.5.2.1 China Mechanical Locks Market by Type
9.3.5.2.2 China Mechanical Locks Market by End Users
9.3.5.3 India Mechanical Locks Market
9.3.5.3.1 India Mechanical Locks Market by Type
9.3.5.3.2 India Mechanical Locks Market by End Users
9.3.5.4 Japan Mechanical Locks Market
9.3.5.4.1 Japan Mechanical Locks Market by Type
9.3.5.4.2 Japan Mechanical Locks Market by End Users
9.3.5.5 South Korea Mechanical Locks Market
9.3.5.5.1 South Korea Mechanical Locks Market by Type
9.3.5.5.2 South Korea Mechanical Locks Market by End Users
9.3.5.6 Rest of Asia-Pacific Mechanical Locks Market
9.3.5.6.1 Rest of Asia-Pacific Mechanical Locks Market by Type
9.3.5.6.2 Rest of Asia-Pacific Mechanical Locks Market by End Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Mechanical Locks Market Overview
9.4.2 Middle East and Africa Mechanical Locks Market Forecasts and Analysis
9.4.3 Middle East and Africa Mechanical Locks Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Mechanical Locks Market Forecasts and Analysis - By End Users
9.4.5 Middle East and Africa Mechanical Locks Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Mechanical Locks Market
9.4.5.1.1 South Africa Mechanical Locks Market by Type
9.4.5.1.2 South Africa Mechanical Locks Market by End Users
9.4.5.2 Saudi Arabia Mechanical Locks Market
9.4.5.2.1 Saudi Arabia Mechanical Locks Market by Type
9.4.5.2.2 Saudi Arabia Mechanical Locks Market by End Users
9.4.5.3 U.A.E Mechanical Locks Market
9.4.5.3.1 U.A.E Mechanical Locks Market by Type
9.4.5.3.2 U.A.E Mechanical Locks Market by End Users
9.4.5.4 Rest of Middle East and Africa Mechanical Locks Market
9.4.5.4.1 Rest of Middle East and Africa Mechanical Locks Market by Type
9.4.5.4.2 Rest of Middle East and Africa Mechanical Locks Market by End Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Mechanical Locks Market Overview
9.5.2 South and Central America Mechanical Locks Market Forecasts and Analysis
9.5.3 South and Central America Mechanical Locks Market Forecasts and Analysis - By Type
9.5.4 South and Central America Mechanical Locks Market Forecasts and Analysis - By End Users
9.5.5 South and Central America Mechanical Locks Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Mechanical Locks Market
9.5.5.1.1 Brazil Mechanical Locks Market by Type
9.5.5.1.2 Brazil Mechanical Locks Market by End Users
9.5.5.2 Argentina Mechanical Locks Market
9.5.5.2.1 Argentina Mechanical Locks Market by Type
9.5.5.2.2 Argentina Mechanical Locks Market by End Users
9.5.5.3 Rest of South and Central America Mechanical Locks Market
9.5.5.3.1 Rest of South and Central America Mechanical Locks Market by Type
9.5.5.3.2 Rest of South and Central America Mechanical Locks Market by End Users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MECHANICAL LOCKS MARKET, KEY COMPANY PROFILES
11.1. SERRATURE MERONI SPA.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ECO SCHULTE GMBH AND CO. KG.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ASSA ABLOY AB.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MUL T LOCKS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THE EASTERN COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DORMAKABA HOLDINGS AG.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. EVVA SICHERHEITSTECHNOLOGIE GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NUOVA OXIDAL SRL
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SPECTRUM BRANDS INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. AUGUST BREMICKER SOHNE KG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Serrature Meroni Spa.
2. Eco Schulte GmbH and Co. KG.
3. ASSA ABLOY AB.
4. Mul T Locks
5. The Eastern Company
6. Dormakaba Holdings AG.
7. EVVA Sicherheitstechnologie GmbH
8. Nuova Oxidal SRL
9. Spectrum Brands Inc.
10. August Bremicker Sohne KG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For