Storage Combination Locks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Storage Combination locks don't need a key to gain entry. Instead, the user enters a number combination through a dial or presses a code on a pad to unlock the device. It is one of the most popular types of locks because it's easy to use and convenient. Residential security is a critical concern of people who were early adopters of this kind of technology.
MARKET DYNAMICS
The global storage combination lock market is expected to witness substantial growth in the forecast period. Owing to heavy investment in R and D activities by market players and increased focus of the society towards technological things. The other factors driving the market include robust growth in demand for portable security devices, development of smart cities, and rise in security threats. People are opting for smart home applications that have advanced security features built-in to improve their quality of living. All these factors are anticipated to boost the electronic locks market. However, high cost of devices, fear of privacy intrusion hamper the market growth.
MARKET SCOPE
The "Global Storage Combination Locks Market Analysis to 2031" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the storage combination lock with detailed market segmentation by type and distribution channel. The global Storage Combination Locks market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading storage combination lock market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global storage combination lock market is segmented on the basis of type and distribution channel. On the basis of type the market is segmented into regular, digital/electrical locks. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global storage combination lock market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The storage combination lock 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 storage combination lock market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 storage combination lock market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global storage combination lock market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The storage combination lock 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 storage combination lock market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 storage combination lock market in these regions.
MARKET PLAYERS
The report covers vital developments in the storage combination lock 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 storage combination lock market are anticipated to lucrative growth opportunities in the future with the rising demand for storage combination lock in the global market. Below mentioned is the list of few companies engaged in the storage combination lock market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the storage combination lock 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.
- Master Lock
- Lowe & Fletcher
- Guangzhou GUUB Technology
- Digilock
- LockeyUSA
- Keyless.Co
- Codelocks
- Alpha Locker
- Dormakaba
- Locker & Lock
- 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 Storage Combination Locks Market - By Type
1.3.2 Storage Combination Locks Market - By Distribution Channel
1.3.3 Storage Combination Locks Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STORAGE COMBINATION LOCKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. STORAGE COMBINATION 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. STORAGE COMBINATION LOCKS MARKET - GLOBAL MARKET ANALYSIS
6.1. STORAGE COMBINATION LOCKS - GLOBAL MARKET OVERVIEW
6.2. STORAGE COMBINATION LOCKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. STORAGE COMBINATION LOCKS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. REGULAR
7.3.1. Overview
7.3.2. Regular Market Forecast and Analysis
7.4. DIGITAL/ELECTRONIC LOCKS
7.4.1. Overview
7.4.2. Digital/Electronic Locks Market Forecast and Analysis
8. STORAGE COMBINATION LOCKS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. STORAGE COMBINATION LOCKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Storage Combination Locks Market Overview
9.1.2 North America Storage Combination Locks Market Forecasts and Analysis
9.1.3 North America Storage Combination Locks Market Forecasts and Analysis - By Type
9.1.4 North America Storage Combination Locks Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Storage Combination Locks Market Forecasts and Analysis - By Countries
9.1.5.1 United States Storage Combination Locks Market
9.1.5.1.1 United States Storage Combination Locks Market by Type
9.1.5.1.2 United States Storage Combination Locks Market by Distribution Channel
9.1.5.2 Canada Storage Combination Locks Market
9.1.5.2.1 Canada Storage Combination Locks Market by Type
9.1.5.2.2 Canada Storage Combination Locks Market by Distribution Channel
9.1.5.3 Mexico Storage Combination Locks Market
9.1.5.3.1 Mexico Storage Combination Locks Market by Type
9.1.5.3.2 Mexico Storage Combination Locks Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Storage Combination Locks Market Overview
9.2.2 Europe Storage Combination Locks Market Forecasts and Analysis
9.2.3 Europe Storage Combination Locks Market Forecasts and Analysis - By Type
9.2.4 Europe Storage Combination Locks Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Storage Combination Locks Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Storage Combination Locks Market
9.2.5.1.1 Germany Storage Combination Locks Market by Type
9.2.5.1.2 Germany Storage Combination Locks Market by Distribution Channel
9.2.5.2 France Storage Combination Locks Market
9.2.5.2.1 France Storage Combination Locks Market by Type
9.2.5.2.2 France Storage Combination Locks Market by Distribution Channel
9.2.5.3 Italy Storage Combination Locks Market
9.2.5.3.1 Italy Storage Combination Locks Market by Type
9.2.5.3.2 Italy Storage Combination Locks Market by Distribution Channel
9.2.5.4 United Kingdom Storage Combination Locks Market
9.2.5.4.1 United Kingdom Storage Combination Locks Market by Type
9.2.5.4.2 United Kingdom Storage Combination Locks Market by Distribution Channel
9.2.5.5 Russia Storage Combination Locks Market
9.2.5.5.1 Russia Storage Combination Locks Market by Type
9.2.5.5.2 Russia Storage Combination Locks Market by Distribution Channel
9.2.5.6 Rest of Europe Storage Combination Locks Market
9.2.5.6.1 Rest of Europe Storage Combination Locks Market by Type
9.2.5.6.2 Rest of Europe Storage Combination Locks Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Storage Combination Locks Market Overview
9.3.2 Asia-Pacific Storage Combination Locks Market Forecasts and Analysis
9.3.3 Asia-Pacific Storage Combination Locks Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Storage Combination Locks Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Storage Combination Locks Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Storage Combination Locks Market
9.3.5.1.1 Australia Storage Combination Locks Market by Type
9.3.5.1.2 Australia Storage Combination Locks Market by Distribution Channel
9.3.5.2 China Storage Combination Locks Market
9.3.5.2.1 China Storage Combination Locks Market by Type
9.3.5.2.2 China Storage Combination Locks Market by Distribution Channel
9.3.5.3 India Storage Combination Locks Market
9.3.5.3.1 India Storage Combination Locks Market by Type
9.3.5.3.2 India Storage Combination Locks Market by Distribution Channel
9.3.5.4 Japan Storage Combination Locks Market
9.3.5.4.1 Japan Storage Combination Locks Market by Type
9.3.5.4.2 Japan Storage Combination Locks Market by Distribution Channel
9.3.5.5 South Korea Storage Combination Locks Market
9.3.5.5.1 South Korea Storage Combination Locks Market by Type
9.3.5.5.2 South Korea Storage Combination Locks Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Storage Combination Locks Market
9.3.5.6.1 Rest of Asia-Pacific Storage Combination Locks Market by Type
9.3.5.6.2 Rest of Asia-Pacific Storage Combination Locks Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Storage Combination Locks Market Overview
9.4.2 Middle East and Africa Storage Combination Locks Market Forecasts and Analysis
9.4.3 Middle East and Africa Storage Combination Locks Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Storage Combination Locks Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Storage Combination Locks Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Storage Combination Locks Market
9.4.5.1.1 South Africa Storage Combination Locks Market by Type
9.4.5.1.2 South Africa Storage Combination Locks Market by Distribution Channel
9.4.5.2 Saudi Arabia Storage Combination Locks Market
9.4.5.2.1 Saudi Arabia Storage Combination Locks Market by Type
9.4.5.2.2 Saudi Arabia Storage Combination Locks Market by Distribution Channel
9.4.5.3 U.A.E Storage Combination Locks Market
9.4.5.3.1 U.A.E Storage Combination Locks Market by Type
9.4.5.3.2 U.A.E Storage Combination Locks Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Storage Combination Locks Market
9.4.5.4.1 Rest of Middle East and Africa Storage Combination Locks Market by Type
9.4.5.4.2 Rest of Middle East and Africa Storage Combination Locks Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Storage Combination Locks Market Overview
9.5.2 South and Central America Storage Combination Locks Market Forecasts and Analysis
9.5.3 South and Central America Storage Combination Locks Market Forecasts and Analysis - By Type
9.5.4 South and Central America Storage Combination Locks Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Storage Combination Locks Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Storage Combination Locks Market
9.5.5.1.1 Brazil Storage Combination Locks Market by Type
9.5.5.1.2 Brazil Storage Combination Locks Market by Distribution Channel
9.5.5.2 Argentina Storage Combination Locks Market
9.5.5.2.1 Argentina Storage Combination Locks Market by Type
9.5.5.2.2 Argentina Storage Combination Locks Market by Distribution Channel
9.5.5.3 Rest of South and Central America Storage Combination Locks Market
9.5.5.3.1 Rest of South and Central America Storage Combination Locks Market by Type
9.5.5.3.2 Rest of South and Central America Storage Combination Locks Market by Distribution Channel
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. STORAGE COMBINATION LOCKS MARKET, KEY COMPANY PROFILES
11.1. MASTER LOCK
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. LOWE & FLETCHER
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. GUANGZHOU GUUB TECHNOLOGY
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. DIGILOCK
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. LOCKEYUSA
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. KEYLESS.CO
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. CODELOCKS
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. ALPHA LOCKER
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. DORMAKABA
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. LOCKER & LOCK
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.Master Lock
2.Lowe & Fletcher
3.Guangzhou GUUB Technology
4.Digilock
5.LockeyUSA
6.Keyless.Co
7.Codelocks
8.Alpha Locker
9.Dormakaba
10.Locker & Lock
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.
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