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Global Mechanical Locks Market-Industry Analysis, Forecasts and Opportunity Assessment

Check out Mechanical Locks Market : Global Industry analysis, Global market analysis, Forecasts and opportunity assessment of Mechanical locks (2017-2022)

Introduction of Mechanical locks 

The mechanical locks are in use due to their durable and robust performance. They are also convenient to use and easy to maintain. The market for this product- the mechanical locks, depends largely on the cost of the metal which is used to manufacture them. The locks are the definition of the security systems around the globe. However, with constant improvisation in the field of security systems, use of technology and emerging shortfalls of the mechanical locks against the modern needs pose a challenge for the market of this product.

Market Dynamics of mechanical locks

Since, the electronic locks have already hit the markets which prove to be better in security, lesser design limitations and compatible to security upgrades, the mechanical lock market is at a risk of decline. All these factors point towards lesser chances of this market to flourish in the near future. Biometric systems, facial detection, retina and other systems have already started gaining popularity, therefore, shrinking the prospects of the mechanical locks. Apart from this, interconnected mechanical locks will be in steady demand. They will have a steady demand in the areas like buildings and other real estate and military services and housing

Market Segmentation of mechanical locks

The market for the mechanical locks can be segmented in many ways. They are:

  • On the basis of material used:
    • Zinc
    • Copper
    • Steel
    • Aluminum
    • Stainless Steel
    • Others
  • On the basis of type:
    • Cylindrical
    • Mortice
    • Tubular
    • Interconnected
    • Deadbolt
  • On the basis of application:
    • Furniture
    • Doors
    • Suitcase
    • External facility
    • Bicycles
    • Others
  • On the basis of Grade:
    • Grade 1
    • Grade 2
    • Grade 3

Geographical Analysis of mechanical locks

North America is expected to come up as the largest market for the mechanical locks. The fastest growing market for the mechanical locks is expected to be the Asia-Pacific which will contribute maximum to the growth of the market in the years to come. The reason is the rising number of the several low-cost manufacturers in this region. Though price competition among these manufacturers in the Asia-Pacific may also cannibalize the growth of the market. Europe will follow next in terms of market size, followed by the rest of the world.

Key players in the market

The four key companies in the market as listed as under which drive the global business of mechanical locks:

  • Serrature Meroni Spa
  • The Eastern Company
  • Yale Security Inc.
  • Dom Ronis

Apart from the ones mentioned above, the companies like Allegion Plc., Assa Abloy AB, Winkhaus Austria GMBH, Picard-Serrures etc. also hold a significant share of business in the market.

Report highlights

  • Global Mechanical Locks Market Segments
  • Global Mechanical Locks Market Drivers, Restraints and Opportunities
  • Global Mechanical Locks Market Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • Global Mechanical Locks Market Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players

Regional analysis of Global Mechanical Locks Market includes:

  • North America
    • US and Canada
  • Western Europe
    • EU5 (Germany, France, Italy, Spain, and the UK)
    • Nordic countries (Denmark, Finland, Norway, and Sweden)
    • Benelux (Belgium, The Netherlands, and Luxembourg)
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia and New Zealand
    • Rest of Asia Pacific
  • The Middle East and Africa
    • GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
    • South Africa
    • North Africa
    • Rest of the Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macroeconomic factors and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights for Global mechanical locks :

The report contains a comprehensive analysis on:

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • In-depth Market Segmentation
  • Historical and Projected Market Sizing in terms of volume and value
  • Recent market trends and Impact Factors
  • R&D Status and Technology Overview
  • Extensive Industry Structure Coverage