Global Mortise Lock Market Growth 2023-2029

Global Mortise Lock Market Growth 2023-2029

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
LPI (LP Information)' newest research report, the “Mortise Lock Industry Forecast” looks at past sales and reviews total world Mortise Lock sales in 2022, providing a comprehensive analysis by region and market sector of projected Mortise Lock sales for 2023 through 2029. With Mortise Lock sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mortise Lock industry.
This Insight Report provides a comprehensive analysis of the global Mortise Lock landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mortise Lock portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Mortise Lock market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mortise Lock and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mortise Lock.
The global Mortise Lock market size is projected to grow from US$ 1626.7 million in 2022 to US$ 2482.5 million in 2029; it is expected to grow at a CAGR of 2482.5 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Mortise Lock market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
2 Lever
3 Lever
5 Lever
Segmentation by application
Commercial
Residential
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Mortise Lock market?
What factors are driving Mortise Lock market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Mortise Lock market opportunities vary by end market size?
How does Mortise Lock break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.