Cam Locks Market Analysis and Forecast to 2031: By Type (Regular, Electronic), Application (Metal Furniture, Wooden Furniture, Mail Boxes, Automotive Accessories, Lockers, Windows and Doors, Others), and Region

Cam Locks Market Analysis and Forecast to 2031: By Type (Regular, Electronic), Application (Metal Furniture, Wooden Furniture, Mail Boxes, Automotive Accessories, Lockers, Windows and Doors, Others), and Region

The global cam locks market was valued at US$ 2.3 billion in 2021 and it is anticipated to grow up to US$ 3.8 billion by 2031, at a CAGR of 5.1% during the forecast period.


A cam lock is a specific locking mechanism used in security systems to safeguard any type of facility. Cam locks, which are primarily meant for internal rather than external use, are not high-security locks in terms of physical robustness. Still, they are more than suitable for most customer needs. After installing the lock, the enclosure is unlocked by inserting and turning a key into the former part. Cam locks are often preferred over padlocks because they are concealed. Cam locks allow consumers to assemble cabinets and furniture easily and quickly. Increasing the use of cam locks in the construction industry along with wide scope applications in various industries would drive the cam locks market growth during the forecast period.

Market Drivers and Trends

The increasing usage of cam locks in growing residential and commercial spaces is one of the primary drivers of the cam locks market growth. Especially in commercial construction, due to the rise in urbanization, several commercial spaces are growing worldwide. Adoption of cam locks from end users such as office spaces, hotels, restaurants, public administrative buildings, shopping malls, and recreational facilities is rising. A cam lock is one of the most basic and often used locks in manufacturing cabinets and other furniture. It is vital in seating arrangements and document storage in commercial areas. In the residential construction sector, with the rise in compact households, multi-functional furniture has become popular, allowing for large storage. There has been an increase in extra home spaces for offices, which has resulted in a demand for office furniture. The booming construction industry is propelling the global cam locks market.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of cam locks and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of cam locks are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices influences the ability of manufacturers to produce cam locks based on specific requirements. However, companies are increasing investment in research and development for cost-effective technology to reduce the cost of cam locks.

Global Cam Locks Market Segmental Overview

The report analyses the global cam locks market based on type, application, and region.

Global Cam Locks Market by Type

Based on type, it is bifurcated into regular and electronic. The regular segment is expected to be the largest segment in the cam locks market in 2021 owing to the availability of advanced manufacturing processes and the most rigorous quality management techniques. Due to this factor mentioned above, the regular segment is expected to hold a major market share in 2021.

Global Cam Locks Market by Application

Based on application, it is segmented into metal furniture, wooden furniture, mail boxes, automotive accessories, lockers, windows and doors, and others. The metal furniture segment is expected to be the largest segment in the cam locks market in 2021 as it creates high demand for metal filing and lockable metal cabinets with fire-resistant and water-resistant qualities. Thus, the metal furniture segment will likely hold a major market share in 2021.

Geographical Analysis of Global Cam Locks Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. The rapidly growing construction activities across countries, such as China and India, are propelling the economic growth across Asia Pacific. Despite the economic challenges, the Asia Pacific construction industry recorded significant growth in 2021. Demand for residential construction remained strong in big economies. Also, infrastructure construction experienced significant investments, and regional construction companies expanded at faster pace. The huge development potential for single-family housing and multifamily housing units construction propels the growth of the cam locks market in Asia Pacific.

Major Players in the Global Cam Locks Market COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of cam locks worldwide. Thus, the COVID-19 pandemic negatively affected the global cam locks market in 2020.


However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of cam locks.

Recent Developments

• June 2022, Southco, Inc. introduced the newest product in its successful C2 series of lever latches, with a new push-to-lock option that incorporates an auto-relock feature. With customizable features, versatile locking styles, and a streamlined industrial appearance, the push-to-lock C2 Lever Latch provides upgraded functionality that is used to demonstrate compliance with industry regulations.
• February 2022, EMKA had expanded its product range with a folding T-Handle series. These are robust locks dedicated for use on heavy or large doors and flaps with a thickness of up to 4 mm. For this reason, the folding handles were also designed to be significantly larger and stronger than the basic version. The new robust folding handles are available in two different materials. In the first material version, both the dish and the handle are made of zinc die. Both components can be supplied chrome-plated or powder-coated - or in combination - depending on the customer's requirements. The second version consists of a stainless steel dish in combination with a zinc die or stainless steel T-handles.
• November 2021, ABLOY USA had entered into a national distributor partnership with Anixter, Inc. to expand brand awareness in the critical infrastructure market. The agreement means more attention from a wider audience for mechanical and electromechanical high-security products such as the award-winning intelligent key system ABLOY PROTEC2 and PROTEC2 CLIQ.

Frequently Asked Questions
Q1. How big is the cam locks market?Ans. The global cam locks market size was US$ 2.3 billion in 2021 and is anticipated to reach US$ 3.8 billion in 2031, growing at a rate of 5.1% from 2022 to 2031.
Q2. What is the cam locks market growth rate?Ans. The growth rate of the cam locks market is 5.1% from 2022 to 2031.
Q3. Which region holds a major market share for the cam locks market?Ans. Asia Pacific holds a major market share of the cam locks market in 2021.
Q4. Which segment accounted for the largest cam locks market share?Ans. Based on type, it is bifurcated into regular and electronic. The regular segment is expected to be the largest segment in the cam locks market in 2021.
Q5. Who are the key players in the cam locks market?Ans. The global cam locks market report includes players such as
Q6. What are the factors driving the cam locks market growth?Ans. The major factor driving the growth of the market is the growing use of cam locks in construction industry.
Q7. What are the key growth strategies of cam locks market players?Ans. The key growth strategies of cam locks market players are product launch, partnerships, and government initiatives.
Q8. Which region will provide more business opportunities for the cam locks market during the forecast period?Ans. The Europe region will provide more business opportunities for the cam locks market during the forecast period.

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