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.
Companies Mentioned
Spectrum Brands Holdings
Inc.
Codelocks Inc.
The Eastern Company
Assa Abloy AB
and Allegion PLC.
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- 1 Executive Summary 10
- 1.1 Usa Locks Market, By Category 12
- 1.2 Usa Locks Market, By Category 12
- 1.3 Usa Locks Market, By Type 13
- 1.4 Usa Locks Market, By Type 13
- 1.5 Usa Locks Market, By Grade 14
- 1.6 Usa Locks Market, By Grade 14
- 1.7 Usa Locks Market, By Raw Materials 15
- 1.8 Usa Locks Market, By Raw Materials 15
- 1.9 Usa Locks Market, By Distribution Channel 16
- 1.10 Usa Locks Market, By Raw Materials 16
- 1.11 Usa Locks Market, By Distribution Channel 17
- 1.12 Usa Locks Market, By End User 17
- 2 Market Introduction 18
- 2.1 Definition 18
- 2.2 Scope Of The Study 18
- 2.3 Research Objective 18
- 2.4 Market Structure 19
- 3 Research Methodology 20
- 3.1 Research Process 20
- 3.2 Primary Research 21
- 3.3 Secondary Research 22
- 3.4 Market Size Estimation 22
- 3.5 Top Down & Bottom-up Approach 23
- 3.6 Forecast Model 24
- 3.7 List Of Assumptions 25
- 4 Market Dynamics 26
- 4.1 Introduction 26
- 4.2 Drivers 27
- 4.2.1 Rising Adoption Of Iot In Door Safety And Security Solutions 27
- 4.2.2 Rising Demand For Tubular And Deadbolt Locks 28
- 4.2.3 Driver Impact Analysis 28
- 4.3 Restraints 29
- 4.3.1 High Initial Costs And Installation 29
- 4.3.2 Restraint Impact Analysis 29
- 4.4 Opportunities 29
- 4.4.1 Preference For Remote Access Of Cloud-based Solutions By Customers 29
- 4.4.2 Smart Home Or Infrastructure Is Creating Lucrative Opportunities For Digital Door
- Lock System Market 30
- 4.5 Trends 30
- 4.5.1 Hands-free And Facial Recognition Systems Gain Popularity To Prevent Covid-19 Infection 30
- 4.5.2 Availability Broad And Reliable Technology Trends 30
- 5 Market Factor Analysis 31
- 5.1 Supply Chain Analysis 31
- 5.1.1 Raw Material Providers 32
- 5.1.2 Manufacturing Process 32
- 5.1.3 Distributors & Retailers 33
- 5.1.4 End User 33
- 5.2 Porter’s Five Forces Model 34
- 5.2.1 Threat Of New Entrants 34
- 5.2.2 Bargaining Power Of Suppliers 35
- 5.2.3 Threat Of Substitutes 35
- 5.2.4 Bargaining Power Of Buyers 35
- 5.2.5 Intensity Of Rivalry 35
- 5.3 Impact Of Covid-19 On The Usa Locks Market 36
- 5.3.1 Impact On Mechanical Locks 36
- 5.3.2 Impact On Digital/Smart Locks 37
- 5.3.3 Impact On Supply Chain 37
- 5.3.4 Impact On Price 37
- 5.3.5 Impact On Retail Sales (Store-based Vs. Non-store Based) 38
- 6 Usa Locks Market, By Category 39
- 6.1 Overview 39
- 6.1.1 Usa Locks Market Estimates & Forecast, By Category Type, 2020–2030 40
- 6.2 Digital 40
- 6.3 Mechanical 41
- 7 Usa Locks Market, By Type 42
- 7.1 Overview 42
- 7.1.1 Usa Locks Market Estimates & Forecast, By Type, 2020–2030 43
- 7.2 Padlocks 43
- 7.3 Mortise Locks 43
- 7.4 Cylindrical Locks 44
- 7.5 Deadbolt 44
- 7.6 Smart Locks 45
- 7.7 Others 45
- 8 Usa Locks Market, By Grade 46
- 8.1 Overview 46
- 8.1.1 Usa Locks Market Estimates & Forecast, By Grade, 2020–2030 47
- 8.2 Grade 1 47
- 8.3 Grade 2 47
- 8.4 Grade 3 47
- 9 Usa Locks Market, By Raw Material 48
- 9.1 Overview 48
- 9.1.1 Usa Locks Market Estimates & Forecast, By Raw Material, 2020–2030 49
- 9.2 Stainless Steel 49
- 9.3 Copper 49
- 9.4 Iron 50
- 9.5 Steel 50
- 9.6 Others 50
- 10 Usa Locks Market, By End User 51
- 10.1 Overview 51
- 10.1.1 Usa Locks Market Estimates & Forecast, By End User, 2020–2030 52
- 10.2 Residential 52
- 10.3 Commercial 52
- 11 Usa Locks Market, By Distribution Channel 53
- 11.1 Overview 53
- 11.1.1 Usa Locks Market Estimates & Forecast, By Distribution Channel, 2020–2030 54
- 11.2 Store-based 54
- 11.3 Non-store-based (Online) 54
- 12 Competitive Landscape 55
- 12.1 Competitive Overview 55
- 13 Company Profile 57
- 13.1 Spectrum Brands Holdings 57
- 13.1.1 Company Overview 57
- 13.1.2 Financial Overview 58
- 13.1.3 Products Offered 58
- 13.1.4 Key Developments 59
- 13.1.5 Swot Anlysis 59
- 13.1.6 Key Strategies 59
- 13.2 Codelocks 60
- 13.2.1 Company Overview 60
- 13.2.2 Financial Overview 60
- 13.2.3 Products Offered 60
- 13.2.4 Key Developments 61
- 13.3 The Eastern Company 62
- 13.3.1 Company Overview 62
- 13.3.2 Financial Overview 63
- 13.3.3 Products Offered 63
- 13.3.4 Key Developments 63
- 13.4 Assa Abloy Ab 64
- 13.4.1 Company Overview 64
- 13.4.2 Financial Overview 65
- 13.4.3 Products Offered 66
- 13.4.4 Key Developments 67
- 13.4.5 Swot Anlysis 67
- 13.4.6 Key Strategies 67
- 13.5 Allegion Plc 68
- 13.5.1 Company Overview 68
- 13.5.2 Financial Overview 68
- 13.5.3 Products Offered 69
- 13.5.4 Key Developments 69
- 13.5.5 Swot Anlysis 70
- 13.5.6 Key Strategies 70
- 13.6 Pacific Lock Company 71
- 13.6.1 Company Overview 71
- 13.6.2 Financial Overview 71
- 13.6.3 Products Offered 71
- 13.6.4 Key Developments 71
- 13.7 Wilson Bohannan Lock Company 72
- 13.7.1 Company Overview 72
- 13.7.2 Financial Overview 72
- 13.7.3 Products Offered 72
- 13.7.4 Key Developments 72
- 13.8 The Van Lock Company 73
- 13.8.1 Company Overview 73
- 13.8.2 Financial Overview 73
- 13.8.3 Products Offered 73
- 13.8.4 Key Developments 73
- 13.9 Vsr Industries 74
- 13.9.1 Company Overview 74
- 13.9.2 Financial Overview 74
- 13.9.3 Products Offered 74
- 13.9.4 Key Developments 74
- 13.10 Altro Smart Inc 75
- 13.10.1 Company Overview 75
- 13.10.2 Financial Overview 75
- 13.10.3 Products Offered 75
- 13.10.4 Key Developments 75
- 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
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