openPR Logo
Press release

Mechanical Locks Market Study Research Report 2018-2023 | DOM Security, Allegion PLC, Draper Tools Ltd, EVVA Sicherheitstechnologie GmbH, Serrature Meroni SpA

02-11-2019 09:49 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Future

Mechanical Locks Market Share, Mechanical Locks Market Size, Mechanical Locks Market Trends, Global Mechanical Locks Market, Mecha

Mechanical Locks Market Share, Mechanical Locks Market Size, Mechanical Locks Market Trends, Global Mechanical Locks Market, Mecha

Market Scenario:

The global mechanical locks market research is presumed to garner USD 8.52 billion during the forecast period (2018-2023). The global market is predicted to demonstrate 4.80% CAGR owing to the rising demand for weatherproof padlocks in marine applications, asserts Market Research Future (MRFR). Mechanical locks are generally used for security purposes. Several electronic locking devices require mechanical lock in case of power failure or system error. Owing to the deployment of mechanical locks at commercial, residential, and industrial spaces, the global mechanical locks market is expanding at a rapid pace. With growing security concerns across the globe, the need for high-security locking systems in commercial as well as residential spaces is increasing.

Receive A Sample Report @ https://www.marketresearchfuture.com/sample_request/1886

Leading Manufacturers:

Spectrum Brands, Inc. (US),
Allegion PLC (Ireland),
Assa Abloy (Sweden),
August Bremicker Söhne KG (ABUS) (Germany),
Draper Tools Ltd (UK),
DOM Security (France),
Codelocks Inc. (US),
Serrature Meroni SpA (Italy),
EVVA Sicherheitstechnologie GmbH (Austria),
Nuova Oxidal SRL (Italy)

Industry Segments:

By mode of product type, the mechanical locks market has been segmented into padlocks, mortise locks, cylindrical locks, deadbolt, and others. Among these, the mortise locks segment is considered to witness a CAGR of 5.03%, and it is likely to garner USD 2,132.39 million during the assessment period. The Asia Pacific and Latin America regions are deemed to contribute the maximum to this segment’s revenue owing to various construction and renovation projects. On the other hand, the deadbolt segment is estimated to witness a CAGR of 5.41% over the forecast period to generate USD 1,275.61 million by 2023.

By mode of raw materials, the global mechanical locks market has been segmented into stainless steel, copper, iron, aluminum, and others. Among these, copper is one of the most commonly used materials thanks to inherent mechanical characteristics of superior strength, hardness, and ductility, apart from providing easy processability. Iron is extensively used in the manufacturing of locksets as it offers cost-effectiveness.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/mechanical-locks-market-1886

By mode of grade, the global mechanical locks market has been segmented into grade 1, grade 2, and grade 3. Among these, the grade 1 locks offer the highest security level and are rated for applications where they experience heavy use such as in schools, public buildings, and hospitals. The common grade 1 lock comprise mortise locks, cylindrical key and lever locks, locks used with electronic or other access control hardware, and supporting deadbolts.

Geographical Summary:

Geographically, the mechanical locks market covers opportunities across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia-Pacific region is anticipated to be a lucrative region for the manufacturers of mechanical locks and is predicted to experience a substantial CAGR of 5.41% over the forecast period. China is considered one of the leading markets in this region, accounting for the largest market share. The growth is attributed to the rapid industrialization and urbanization in this region as these factors have fueled the demand for residences.

Among all the regions, North America accounts for 26.3% share of the total market in 2017. The region is estimated to expand at a moderate pace owing to the continuous product innovation coupled with rapid advancements in the inclusion of raw materials in the production of mechanical locks. Moreover, manufacturers have adopted several technologies in order to achieve the desired end look of mechanical locks. Such advancements have further resulted in the introduction of a variety of mechanical locks in this region. The region can generate close to USD 2,211.4 million by 2023.

The European region is presumed to be driven by the growth of the real estate sector. Moreover, product innovation is considered to be one of the major factors triggering the demand for mechanical locks during the assessment period.

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mechanical Locks Market Study Research Report 2018-2023 | DOM Security, Allegion PLC, Draper Tools Ltd, EVVA Sicherheitstechnologie GmbH, Serrature Meroni SpA here

News-ID: 1575791 • Views:

More Releases from Market Research Future

Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035. Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035. Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CAGR
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034. Cheese packaging
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by

All 5 Releases


More Releases for Mechanical

Mechanical Aeration Device(Mechanical Aerator) Market Analysis and Future Prospe …
The world of the mechanical aeration device(mechanical aerator) market is a complex and ever-evolving landscape, shaped by consumer demands and technological advancements. In this report, we delve into the depths of this market to provide a profound and comprehensive analysis, catering to a diverse audience that includes manufacturers, suppliers, distributors, and investors. Our primary goal is to empower industry stakeholders with invaluable insights to make informed decisions in a rapidly
Portable Mechanical Ventil Market Portable Devices for Mechanical Ventilation Su …
Portable Mechanical Ventil Market 2023 Forecast: Unveiling Opportunities and Growth Portable Mechanical Ventil Market research report helps to recognize the market challenges and opportunities. Global Portable Mechanical Ventil Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of every area including
Portable Mechanical Ventilation Market Portable Devices for Mechanical Ventilati …
Portable Mechanical Ventilation Market 2023 Forecast: Unveiling Opportunities and Growth Portable Mechanical Ventilation Market research report helps to recognize the market challenges and opportunities. Global Portable Mechanical Ventilation Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of every area including
Global Mechanical Test Equipment Market, Global Mechanical Test Equipment Indust …
The Mechanical Test Equipment market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Mechanical Test Equipment Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Mechanical Test Equipment market. The report focuses on well-known providers
Introducing Magna Mechanical
Magna Mechanical provides mechanical construction services to industrial and commercial facilities in Texas. We strive daily to distinguish ourselves as one of the premier mechanical construction firms in Texas. As mechanical contractors, we approach every project with a plan to complete it on schedule, within budget, and adhering to the highest quality and safety standards. We are Industrial Mechanical Contractors Magna Mechanical was founded to perform industrial construction services. We provide piping,
Mechanical Mine Clearance Systems
While the need for safe demining action is gradually becoming a necessity, the world awaits the arrival of affordable mechanical mine clearance systems. Demining action continues to gain traction across the globe, driving the adoption of mechanical mine clearance systems and reducing the casualty incidence rate while planting active landmines. Furthermore, the urgency of clearing landmines for rehabilitation purposes is also prompting the use of mechanical mine clearance systems. Persistence