Global Mechanical Locks Market Research Report Forecast to 2023

Global Mechanical Locks Market Research Report Forecast to 2023

Mechanical locks are used for security purposes. The global locks market has been growing due to the deployment of security-based products such as mechanical and digital locks at residential, commercial, and industrial spaces. Increasing security concerns across all the world are driving the need for high-security locking systems in residential and commercial spaces.
The demand for mechanical locks is expected to be driven by the rising need for two-way locks, also known as double-sided locks, in the emergency exits of buildings for evacuation during fires and other calamities. Two-way locks accept a key on either side of the door, even if it is not completely rotated. A key or keypad is needed on either side of the door to activate the two-way locking mechanism.
Over the past decade, there have been rapid technological developments in locks with a shift from mechanical to electronic smart locks. Smart electronic locks offer networked access control, which is expected to hamper the growth of the global mechanical locks market during the review period.

Regional Analysis
The global mechanical locks market has been segmented, by region, into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The European market accounted for the majority market share in 2018 and is expected to retain its dominance during the forecast period. The sale of padlocks in Europe is low as compared to other regions due to consumer inclination toward premium products. However, the sales of deadlocks are expected to increase.
Asia-Pacific is expected to be a lucrative market for the manufacturers of mechanical locks. The regional market is projected to register a substantial CAGR of 5.41% during the forecast period. China is one of the leading markets in the region, accounting for the largest projected market share during the review period. Rapid industrialization and a rising population are fueling the demand for residential construction. Moreover, the Indian market is also expected to exhibit a significant growth rate of 5.78% during the forecast period of 2018 to 2023. The construction industry in India has grown over the past few years due to investments in infrastructure and construction projects. Additionally, developments in the Indian manufacturing and retail industries are also expected to support the growth of the mechanical locks market.

Segments
The global mechanical locks market has also been segmented on the basis of product type, grade, and raw material.
The global mechanical locks market has been segmented, on the basis of product type, into padlocks, mortise locks, cylindrical locks, deadbolts, and others. In 2018, the cylindrical locks segment accounted for the majority of the market share and is projected to reach USD 2,435.5 million by the end of 2023. The deadbolts segment is projected to register a CAGR of 5.41% during the review period.
On the basis of grade, the global mechanical locks market has been segmented into grade 1, grade 2, and grade 3. The grade 3 segment held the largest market share of 49.6% in 2018 and is projected to reach USD 4,145.8 million by the end of 2023. The grade 1 segment is expected to register the highest growth rate of 5.27% during the forecast period.
On the basis of raw material, the global mechanical locks market has been segmented into stainless steel, copper, iron, aluminum, and others.

Key Players
The leading market players in the global mechanical locks market are Spectrum Brands Inc. (US), DOM Security (France), Allegion PLC (Ireland), Draper Tools Ltd (UK), EVVA Sicherheitstechnologie GmbH (Austria), Codelocks Inc. (US), Nuova Oxidal SRL (Italy), August Bremicker Söhne KG (ABUS) (Germany), Assa Abloy (Sweden), and Serrature Meroni SpA (Italy).

Target Audience
• Mechanical locks manufacturers
• Locks manufacturers
• Real estate industry
• Raw material suppliers
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters

Key Findings
• The growth of the real estate sector in developing economies is considered to be a significant factor for the rising demand for mechanical locks at the global level.
• Growing consumer preference for smart locks can pose a major threat to the players in the global mechanical locks market.
Global Mechanical Locks Market Research Report—Forecast till 2023:
As per MRFR analysis, the global mechanical locks market is estimated to reach USD 8,525.2 million by the end of 2023 at a CAGR of 4.80% during the forecast period.

The report also offers a regional analysis:


1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand For Weatherproof Padlocks In Marine Applications
4.1.2 Consumer Preference For Deadbolt Locks
4.1.3 Rising Need For Two-way Locks In Emergency Exits
4.2 Restraints
4.2.1 Growing Application Of Smart Locks
4.2.2 Availability Of Advanced Key Duplication Technologies
4.3 Opportunity
4.3.1 Increasing Popularity Of Safer Locking Systems Through Innovations And Upgrades
5 Market Factor Analysis
5.1 Introduction
5.2 Value Chain Analysis
5.2.1 Research & Product Development
5.2.2 Raw Material Procurement
5.2.3 Processing
5.2.4 Packaging
5.3 Supply Chain Analysis
5.4 Porter’s Five Forces Analysis
5.4.1 Threat Of New Entrants
5.4.2 Threat Of Substitutes
5.4.3 Bargaining Power Of Buyers
5.4.4 Bargaining Power Of Suppliers
5.4.5 Competitive Rivalry
5.4.6 Bargaining Power Of Suppliers
5.4.7 Competitive Rivalry
6 Global Mechanical Locks Market, By Product Type
6.1 Overview
6.1.1 Padlocks
6.1.2 Mortise Locks
6.1.3 Cylindrical Locks
6.1.4 Deadbolt
6.1.5 Others
7 Global Mechanical Locks Market, By Grade
7.1 Overview
7.1.1 Grade 1
7.1.2 Grade 2
7.1.3 Grade 3
8 Global Mechanical Locks Market, By Raw Material
8.1 Overview
8.1.1 Stainless Steel
8.1.2 Copper
8.1.3 Iron
8.1.4 Aluminum
8.1.5 Others
9 Global Mechanical Locks Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 U.K
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Rest Of Europe
9.4 Asia-pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Australia & New Zealand
9.4.5 Thailand
9.4.6 Malaysia
9.4.7 Indonesia
9.4.8 Bangladesh
9.4.9 Rest Of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Rest Of Latin America
9.6 Middle East & Africa
9.6.1 South Africa
9.6.2 Egypt
9.6.3 Nigeria
9.6.4 Kenya
9.6.5 Saudi Arabia
9.6.6 Rest Of Middle East & Africa
10 Competitive Landscape
11 Company Profiles
11.1 Spectrum Brands, Inc.
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 Swot Analysis
11.1.6 Key Strategies
11.2 Allegion Plc
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
11.2.4 Key Developments
11.2.5 Swot Analysis
11.2.6 Key Strategies
11.3 Assa Abloy
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 Swot Analysis
11.3.6 Key Strategies
11.4 August Bremicker Söhne Kg (Abus)
11.4.1 Company Overview
11.4.2 Products Offered
11.4.3 Key Developments
11.4.4 Swot Analysis
11.4.5 Key Strategies
11.5 Draper Tools Ltd
11.5.1 Company Overview
11.5.2 Products Offered
11.5.3 Key Developments
11.5.4 Swot Analysis
11.5.5 Key Strategies
11.6 Dom Security
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 Key Strategies
11.7 Codelocks Inc.
11.7.1 Company Overview
11.7.2 Products Offered
11.7.3 Key Developments
11.7.4 Key Strategies
11.8 Serrature Meroni Spa
11.8.1 Company Overview
11.8.2 Products Offered
11.8.3 Key Developments
11.8.4 Key Strategies
11.9 Evva Sicherheitstechnologie Gmbh
11.9.1 Company Overview
11.9.2 Products Offered
11.9.3 Key Developments
11.9.4 Key Strategies
11.1 Nuova Oxidal Srl
11.10.1 Company Overview
11.10.2 Products Offered
11.10.3 Key Developments
11.10.4 Key Strategies
12 Conclusion
12.1 Key Findings
List Of Tables:
Table 1 Global Mechanical Locks Market, By Product Type, Usd Million, (2016-2023)
Table 2 Global Mechanical Locks Market, By Grade Usd Million, (2016-2023)
Table 3 Global Mechanical Locks Market, By Region Usd Million, (2016-2023)
Table 4 List Of Assumptions
Table 5 Global Mechanical Locks (Padlocks) Market, By Region, 2016-2023 (Usd Million)
Table 6 Global Mechanical Locks (Mortise Locks) Market, By Region, 2016-2023 (Usd Million)
Table 7 Global Mechanical Locks (Cylindrical Locks) Market, By Region, 2016-2023 (Usd Million)
Table 8 Global Mechanical Locks (Deadbolt) Market, By Region, 2016-2023 (Usd Million)
Table 9 Global Mechanical Locks (Others) Market, By Region, 2016-2023 (Usd Million)
Table 10 Global Mechanical Locks (Grade 1) Market, By Region, 2016-2023 (Usd Million)
Table 11 Global Mechanical Locks (Grade 2) Market, By Region, 2016-2023 (Usd Million)
Table 12 Global Mechanical Locks (Grade 3) Market, By Region, 2016-2023 (Usd Million)
Table 13 North America: Mechanical Locks Market, By Country, 2016-2023 (Usd Million)
Table 14 North America: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 15 North America: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 16 U.S.: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 17 U.S.: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 18 Canada: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 19 Canada: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 20 Mexico: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 21 Mexico: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 22 Europe: Mechanical Locks Market, By Country, 2016-2023 (Usd Million)
Table 23 Europe: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 24 Europe: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 25 U.K: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 26 U.K: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 27 Germany: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 28 Germany: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 29 France: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 30 France: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 31 Italy: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 32 Italy: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 33 Spain: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 34 Spain: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 35 Russia: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 36 Russia: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 37 Rest Of Europe: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 38 Rest Of Europe: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 39 Asia-pacific: Mechanical Locks Market, By Country, 2016-2023 (Usd Million)
Table 40 Asia Pacific: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 41 Asia Pacific: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 42 China: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 43 China: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 44 India: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 45 India: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 46 Japan: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 47 Japan: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 48 Australia & New Zealand: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 49 Australia & New Zealand: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 50 Thailand: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 51 Thailand: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 52 Malaysia: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 53 Malaysia: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 54 Indonesia: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 55 Indonesia: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 56 Bangladesh: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 57 Bangladesh: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 58 Rest Of Asia Pacific: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 59 Rest Of Asia Pacific: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 60 Latin America: Mechanical Locks Market, By Country, 2016-2023 (Usd Million)
Table 61 Latin America: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 62 Latin America: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 63 Brazil: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 64 Brazil: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 65 Rest Of Latin America: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 66 Rest Of Latin America: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 67 Middle East & Africa: Mechanical Locks Market, By Country, 2016-2023 (Usd Million)
Table 68 Middle East & Africa: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 69 Middle East & Africa: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 70 South Africa: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 71 South Africa: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 72 Egypt: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 73 Egypt: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 74 Nigeria: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 75 Nigeria: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 76 Kenya: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 77 Kenya: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 78 Saudi Arabia: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 79 Saudi Arabia: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 80 Rest Of Middle East & Africa: Mechanical Locks Market, By Product Type, 2016-2023 (Usd Million)
Table 81 Rest Of Middle East & Africa: Mechanical Locks Market, By Grade, 2016-2023 (Usd Million)
Table 82 Competitive Landscaping: Global Mechanical Locks Market, By Development (2013–2018)
List Of Figures:
Figure 1 Global Mechanical Locks Market Share (%), By Product Type (2017 & 2023)
Figure 2 Global Mechanical Locks Market Share (%), By Grade (2017 & 2023)
Figure 3 Global Mechanical Locks Market Share (%), By Region (2017 & 2023)
Figure 4 Global Mechanical Locks Market: Market Structure
Figure 5 Key Takeaways Of The Mechanical Locks Market
Figure 6 Key Buying Criteria Of Mechanical Locks
Figure 7 Research Process Of Mrfr
Figure 8 Top Down & Bottom-up Approach
Figure 9 Value Chain Analysis: Mechanical Locks Market
Figure 10 Supply Chain Analysis: Mechanical Locks Market
Figure 11 Porter's Five Forces Analysis Of The Global Mechanical Locks Market
Figure 12 Global Mechanical Locks Market, By Product Type 2017 & 2023 (Usd Million)
Figure 13 Global Mechanical Locks Market, By Grade 2017 & 2023 (Usd Million)
Figure 14 Global Mechanical Locks Market, By Region 2017 & 2023 (Usd Million)
Figure 15 North America Mechanical Locks Market, By Country 2017 & 2023 (Usd Million)
Figure 16 Europe Mechanical Locks Market, By Country 2017 & 2023 (Usd Million)
Figure 17 Asia-pacific Mechanical Locks Market, By Country 2017 & 2023 (Usd Million)
Figure 18 Latin America Mechanical Locks Market, By Country 2017 & 2023 (Usd Million)
Figure 19 Middle East & Africa Mechanical Locks Market, By Country 2017 & 2023 (Usd Million)
Figure 20 Global Mechanical Locks Market: Share Of Market Developments, By Key Players, 2013–2018
Figure 21 Global Mechanical Locks Market: Analysis Of Key Developments
Figure 22 Global Mechanical Locks Market: Market Developments, 2013–2018

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