Global Mortise Lock Market Research Report 2023(Status and Outlook)
Report Overview
A mortise lock (mortice lock in British English) is a lock that requires a pocket—the mortise—to be cut into the door or piece of furniture into which the lock is to be fitted.
Mortise lock is a lock that is fitted in to a hole or pocket of a door, the word mortise refers to the hole in the door in which the lock is fitted. These types of locks are most commonly found on wooden doors and are more popular in the UK and Europe
Assa Abloy group, dormakaba, Gretsch Unitas, etc. are the main suppliers of the product. In 2018, Assa Abloy group accounted for the highest market share of about 21%, and allegion ranked second, accounting for about 11% of the market share. The main consumer market of this product is in developed countries, such as Europe, North America, etc. In 2018, the European market share was about 32%, followed by North America with nearly 29%.
The Global Mortise Lock Market Size was estimated at USD 1567.9 million in 2022 and is projected to reach USD 2357.54 million by 2029, exhibiting a CAGR of 6.00% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Mortise Lock market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Mortise Lock Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Mortise Lock market in any manner.
Global Mortise Lock Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ASSA ABLOY Group
Allegion
Dormakaba
Gretsch-Unitas
Hafele Group
Franz Schneider Brakel (FSB)
CES
Taymor
Zhejiang Hongli Locks
SELECO
SALTO
Lince
PDQ
Lockwood Industries
Unison Hardware
KAWAJUN
Stanley Black & Decker
Market Segmentation (by Type)
2 Lever
3 Lever
5 Lever
Market Segmentation (by Application)
Automotive
Manufacturing
Machinery and Equipment
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Mortise Lock Market
Overview of the regional outlook of the Mortise Lock Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors