PUBLISHER: Market Research Future | PRODUCT CODE: 1357373
PUBLISHER: Market Research Future | PRODUCT CODE: 1357373
USA Locks Market Research Report Forecast to 2030
Major Players
The USA locks market is expected to register a 3.94% CAGR during the forecast period, 2021 to 2028, and is expected to reach USD 2,384.41 million in 2028. Locks are usually of two types mechanical and digital locks. Mechanical locks are mechanical devices that secure an opening by keeping a door closed until a release mechanism is activated; usually a lever, knob, and key, whereas a digital lock uses electric signals to unlock a door.
Increasing concerns about locks and the growing need for eco-friendly lock packaging are driving the market during the forecast period. High costs of customized gifts are expected to hamper the market growth during the forecast period. However, the growing use of eco-friendly and well-disposable products is expected to create a significant opportunity for the market during the forecast period.
Market Segmentation
The USA locks market is segmented based on category, product type, grade, raw material, end user, and distribution channel. Based on category type the market is segmented into digital and mechanical. Based on type the market is segmented into Padlocks, Mortise Locks, Cylindrical Locks, Deadbolt, Smart Locks, and others. Based on grade, the market is segmented into Grade 1, Grade 2, and Grade 3. Based on raw material, it is segmented into Stainless Steel, Copper, Iron, Steel, and Others. Based on end-users, the market is segmented into residential and commercial. Based on distribution channels, the USA market is segmented as store-based and non-store-based. The store-based sub-segment is further classified as supermarkets and hypermarkets, convenience stores, specialty stores, and others.
Major Players
Some of the players operating in the market are Spectrum Brands Holdings, Inc., Codelocks Inc., The Eastern Company, Assa Abloy AB, and Allegion PLC among others.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 USA LOCKS MARKET, BY CATEGORY
- 1.2 USA LOCKS MARKET, BY CATEGORY
- 1.3 USA LOCKS MARKET, BY TYPE
- 1.4 USA LOCKS MARKET, BY TYPE
- 1.5 USA LOCKS MARKET, BY GRADE
- 1.6 USA LOCKS MARKET, BY GRADE
- 1.7 USA LOCKS MARKET, BY RAW MATERIALS
- 1.8 USA LOCKS MARKET, BY RAW MATERIALS
- 1.9 USA LOCKS MARKET, BY DISTRIBUTION CHANNEL
- 1.10 USA LOCKS MARKET, BY RAW MATERIALS
- 1.11 USA LOCKS MARKET, BY DISTRIBUTION CHANNEL
- 1.12 USA LOCKS MARKET, BY END USER
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP DOWN & BOTTOM-UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 RISING ADOPTION OF IOT IN DOOR SAFETY AND SECURITY SOLUTIONS
- 4.2.2 RISING DEMAND FOR TUBULAR AND DEADBOLT LOCKS
- 4.2.3 DRIVER IMPACT ANALYSIS
- 4.3 RESTRAINTS
- 4.3.1 HIGH INITIAL COSTS AND INSTALLATION
- 4.3.2 RESTRAINT IMPACT ANALYSIS
- 4.4 OPPORTUNITIES
- 4.4.1 PREFERENCE FOR REMOTE ACCESS OF CLOUD-BASED SOLUTIONS BY CUSTOMERS
- 4.4.2 SMART HOME OR INFRASTRUCTURE IS CREATING LUCRATIVE OPPORTUNITIES FOR DIGITAL DOOR
LOCK SYSTEM MARKET 30
- 4.5 TRENDS
- 4.5.1 HANDS-FREE AND FACIAL RECOGNITION SYSTEMS GAIN POPULARITY TO PREVENT COVID-19 INFECTION
- 4.5.2 AVAILABILITY BROAD AND RELIABLE TECHNOLOGY TRENDS
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL PROVIDERS
- 5.1.2 MANUFACTURING PROCESS
- 5.1.3 DISTRIBUTORS & RETAILERS
- 5.1.4 END USER
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
- 5.3 IMPACT OF COVID-19 ON THE USA LOCKS MARKET
- 5.3.1 IMPACT ON MECHANICAL LOCKS
- 5.3.2 IMPACT ON DIGITAL/SMART LOCKS
- 5.3.3 IMPACT ON SUPPLY CHAIN
- 5.3.4 IMPACT ON PRICE
- 5.3.5 IMPACT ON RETAIL SALES (STORE-BASED VS. NON-STORE BASED)
6 USA LOCKS MARKET, BY CATEGORY
- 6.1 OVERVIEW
- 6.1.1 USA LOCKS MARKET ESTIMATES & FORECAST, BY CATEGORY TYPE, 2020-2030
- 6.2 DIGITAL
- 6.3 MECHANICAL
7 USA LOCKS MARKET, BY TYPE
- 7.1 OVERVIEW
- 7.1.1 USA LOCKS MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030
- 7.2 PADLOCKS
- 7.3 MORTISE LOCKS
- 7.4 CYLINDRICAL LOCKS
- 7.5 DEADBOLT
- 7.6 SMART LOCKS
- 7.7 OTHERS
8 USA LOCKS MARKET, BY GRADE
- 8.1 OVERVIEW
- 8.1.1 USA LOCKS MARKET ESTIMATES & FORECAST, BY GRADE, 2020-2030
- 8.2 GRADE 1
- 8.3 GRADE 2
- 8.4 GRADE 3
9 USA LOCKS MARKET, BY RAW MATERIAL
- 9.1 OVERVIEW
- 9.1.1 USA LOCKS MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020-2030
- 9.2 STAINLESS STEEL
- 9.3 COPPER
- 9.4 IRON
- 9.5 STEEL
- 9.6 OTHERS
10 USA LOCKS MARKET, BY END USER
- 10.1 OVERVIEW
- 10.1.1 USA LOCKS MARKET ESTIMATES & FORECAST, BY END USER, 2020-2030
- 10.2 RESIDENTIAL
- 10.3 COMMERCIAL
11 USA LOCKS MARKET, BY DISTRIBUTION CHANNEL
- 11.1 OVERVIEW
- 11.1.1 USA LOCKS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2030
- 11.2 STORE-BASED
- 11.3 NON-STORE-BASED (ONLINE)
12 COMPETITIVE LANDSCAPE
- 12.1 COMPETITIVE OVERVIEW
13 COMPANY PROFILE
- 13.1 SPECTRUM BRANDS HOLDINGS
- 13.1.1 COMPANY OVERVIEW
- 13.1.2 FINANCIAL OVERVIEW
- 13.1.3 PRODUCTS OFFERED
- 13.1.4 KEY DEVELOPMENTS
- 13.1.5 SWOT ANLYSIS
- 13.1.6 KEY STRATEGIES
- 13.2 CODELOCKS
- 13.2.1 COMPANY OVERVIEW
- 13.2.2 FINANCIAL OVERVIEW
- 13.2.3 PRODUCTS OFFERED
- 13.2.4 KEY DEVELOPMENTS
- 13.3 THE EASTERN COMPANY
- 13.3.1 COMPANY OVERVIEW
- 13.3.2 FINANCIAL OVERVIEW
- 13.3.3 PRODUCTS OFFERED
- 13.3.4 KEY DEVELOPMENTS
- 13.4 ASSA ABLOY AB
- 13.4.1 COMPANY OVERVIEW
- 13.4.2 FINANCIAL OVERVIEW
- 13.4.3 PRODUCTS OFFERED
- 13.4.4 KEY DEVELOPMENTS
- 13.4.5 SWOT ANLYSIS
- 13.4.6 KEY STRATEGIES
- 13.5 ALLEGION PLC
- 13.5.1 COMPANY OVERVIEW
- 13.5.2 FINANCIAL OVERVIEW
- 13.5.3 PRODUCTS OFFERED
- 13.5.4 KEY DEVELOPMENTS
- 13.5.5 SWOT ANLYSIS
- 13.5.6 KEY STRATEGIES
- 13.6 PACIFIC LOCK COMPANY
- 13.6.1 COMPANY OVERVIEW
- 13.6.2 FINANCIAL OVERVIEW
- 13.6.3 PRODUCTS OFFERED
- 13.6.4 KEY DEVELOPMENTS
- 13.7 WILSON BOHANNAN LOCK COMPANY
- 13.7.1 COMPANY OVERVIEW
- 13.7.2 FINANCIAL OVERVIEW
- 13.7.3 PRODUCTS OFFERED
- 13.7.4 KEY DEVELOPMENTS
- 13.8 THE VAN LOCK COMPANY
- 13.8.1 COMPANY OVERVIEW
- 13.8.2 FINANCIAL OVERVIEW
- 13.8.3 PRODUCTS OFFERED
- 13.8.4 KEY DEVELOPMENTS
- 13.9 VSR INDUSTRIES
- 13.9.1 COMPANY OVERVIEW
- 13.9.2 FINANCIAL OVERVIEW
- 13.9.3 PRODUCTS OFFERED
- 13.9.4 KEY DEVELOPMENTS
- 13.10 ALTRO SMART INC
- 13.10.1 COMPANY OVERVIEW
- 13.10.2 FINANCIAL OVERVIEW
- 13.10.3 PRODUCTS OFFERED
- 13.10.4 KEY DEVELOPMENTS
LIST OF TABLES
- TABLE 1 LIST OF ASSUMPTIONS 25
- TABLE 2 USA LOCKS MARKET ESTIMATES & FORECAST, BY CATEGORY TYPE, 2020-2030 (USD MILLION) 40
- TABLE 3 USA LOCKS MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030 (USD MILLION) 43
- TABLE 4 USA LOCKS MARKET ESTIMATES & FORECAST, BY GRADE, 2020-2030 (USD MILLION) 47
- TABLE 5 USA LOCKS MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020-2030 (USD MILLION) 49
- TABLE 6 USA LOCKS MARKET ESTIMATES & FORECAST, BY END USER, 2020-2030 (USD MILLION) 52
- TABLE 7 USA LOCKS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2030 (USD MILLION) 54
- TABLE 8 SPECTRUM BRANDS HOLDINGS, INC: PRODUCTS OFFERED 58
- TABLE 9 SPECTRUM BRANDS HOLDINGS, INC: KEY DEVELOPMENTS 59
- TABLE 10 CODELOCKS: PRODUCTS OFFERED 60
- TABLE 11 CODELOCKS: KEY DEVELOPMENTS 61
- TABLE 12 THE EASTERN COMPANY: PRODUCTS OFFERED 63
- TABLE 13 ASSA ABLOY AB: PRODUCTS OFFERED 66
- TABLE 14 ASSA ABLOY AB: KEY DEVELOPMENTS 67
- TABLE 15 ALLEGION PLC: PRODUCTS OFFERED 69
- TABLE 16 ALLEGION PLC: PRODUCTS OFFERED 71
- TABLE 17 WILSON BOHANNAN COMPANY: PRODUCTS OFFERED 72
- TABLE 18 THE VAN LOCK COMPANY: PRODUCTS OFFERED 73
- TABLE 19 THE VAN LOCK COMPANY: PRODUCTS OFFERED 74
- TABLE 20 ALTRO SMART: PRODUCTS OFFERED 75
LIST OF FIGURES
- FIGURE 1 MARKET SYNOPSIS 11
- FIGURE 2 USA LOCKS MARKET, BY CATEGORY TYPE, 2021 12
- FIGURE 3 USA LOCKS MARKET, BY CATEGORY TYPE, 2020-2030 12
- FIGURE 4 USA LOCKS MARKET, BY TYPE, 2021 13
- FIGURE 5 USA LOCKS MARKET, BY TYPE, 2020-2030 13
- FIGURE 6 USA LOCKS MARKET, BY GRADE, 2021 14
- FIGURE 7 USA LOCKS MARKET, BY GRADE, 2020-2030 14
- FIGURE 8 USA LOCKS MARKET, BY RAW MATERIALS, 2021 15
- FIGURE 9 USA LOCKS MARKET, BY RAW MATERIALS, 2020-2030 15
- FIGURE 10 USA LOCKS MARKET, BY DISTRIBUTION CHANNEL, 2021 16
- FIGURE 11 USA LOCKS MARKET, BY RAW MATERIALS, 2020-2030 16
- FIGURE 12 USA LOCKS MARKET, BY END USER, 2021 17
- FIGURE 13 USA LOCKS MARKET, BY END USER, 2020-2030 17
- FIGURE 14 USA LOCKS MARKET: STRUCTURE 19
- FIGURE 15 RESEARCH PROCESS OF MRFR 20
- FIGURE 16 DROC ANALYSIS OF THE USA LOCKS MARKET 26
- FIGURE 17 DRIVER IMPACT ANALYSIS 28
- FIGURE 18 RESTRAINT IMPACT ANALYSIS 29
- FIGURE 19 SUPPLY CHAIN: USA LOCKS MARKET 31
- FIGURE 21 USA LOCKS MARKET, BY CATEGORY TYPE, 2021 (% SHARE) 39
- FIGURE 22 USA LOCKS MARKET, BY PRODUCT TYPE, 2020-2030 (USD MILLION) 39
- FIGURE 23 USA LOCKS MARKET, BY TYPE, 2021 (% SHARE) 42
- FIGURE 24 USA LOCKS MARKET, BY TYPE, 2020-2030 (USD MILLION) 42
- FIGURE 25 USA LOCKS MARKET, BY GRADE, 2021 (% SHARE) 46
- FIGURE 26 USA LOCKS MARKET, BY GRADE, 2020-2030 (USD MILLION) 46
- FIGURE 27 USA LOCKS MARKET, BY RAW MATERIAL, 2021 (% SHARE) 48
- FIGURE 28 USA LOCKS MARKET, BY RAW MATERIAL, 2020-2030 (USD MILLION) 49
- FIGURE 29 USA LOCKS MARKET, BY END USER, 2021 (% SHARE) 51
- FIGURE 30 USA LOCKS MARKET, BY END USER, 2020-2030 (USD MILLION) 51
- FIGURE 31 USA LOCKS MARKET, BY DISTRIBUTION CHANNEL, 2021 (% SHARE) 53
- FIGURE 32 USA LOCKS MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 (USD MILLION) 53
- FIGURE 33 COMPETITIVE BENCHMARKING 56
- FIGURE 34 SPECTRUM BRANDS HOLDINGS, INC: FINANCIAL OVERVIEW 58
- FIGURE 35 SPECTRUM BRANDS HOLDINGS, INC: SWOT ANALYSIS 59
- FIGURE 36 THE EASTERN COMPANY: FINANCIAL OVERVIEW 63
- FIGURE 37 ASSA ABLOY AB: FINANCIAL OVERVIEW 65
- FIGURE 38 ASSA ABLOY AB: SWOT ANALYSIS 67
- FIGURE 39 ALLEGION PLC: FINANCIAL OVERVIEW 68
- FIGURE 40 ALLEGION PLC: SWOT ANALYSIS 70
