Mechanical Locks Market Research Report - Global Forecast till 2028

Mechanical Locks Market Research Report: Information By Type (Padlocks, Mortise Locks, Cylindrical Locks, Deadbolt and Others), By Grade (Grade 1, Grade 2 and Grade 3), By Raw Material (Stainless Steel, Copper, Iron, Aluminum and Others) - Forecast till 2028

ID: MRFR/CR/1354-CR | February 2021 | Region: Global | 107 pages

Impact of covid-19 on the Global Mechanical Locks Market


The advent of the global pandemic, COVID-19, has resulted in a global crisis across the world. The outbreak has disrupted the growth of real estate across the globe. Mechanical locks are used for security purposes. The global market for locks has been growing due to the deployment of security-based products such as mechanical and digital locks in residential, commercial, and industrial spaces. The increasing security concerns across all the world are driving the need for high-security locking systems in residential and commercial spaces. The sale of mechanical locks is highly dependent on the real estate sector. The real estate sector has witnessed substantial growth over the last few years in the emerging economies, which helped increase the sales of mechanical locks. Rapid urbanization also expected to increase the growth of the mechanical locks market. However, due to the increasing positive cases of COVID-19 patients globally, several governments have decided to lock down borders to minimize the spread of COVID-19. So, the construction process has stopped over the last couple of months, which is anticipated to create a major impact on the Mechanical Locks Market. Both residential and commercial sectors are expected to face a major downfall during the lockdown period as well as in the near future. One of the significant factors reducing the demand from the residential sector is the decreasing per capita disposable income of the consumers during the lockdown period. Additionally, many banks have started reducing the interest rate in a savings account in several emerging economies. For instance, in April 2020, the Indian government has announced a reduction in the interest rates on the Public Provident Fund (PPF), which is anticipated to reduce the per capita income of Indian consumers. Additionally, India’s largest bank, State Bank of India (SBI), has reduced fixed deposit rates as well. Thus, the per capita disposable income of Indian consumers is expected to be reduced in the upcoming quarters. Furthermore, the construction process will be stopped in several countries owing to the lack of workers. Thus, many of the projects will not be completed in the stipulated period. The usage of mechanical locks will be limited across the globe. Moreover, the decreasing growth of the hospitality industry has negatively impacted the growth of the mechanical locks market during the study period. Additionally, the import & export activities are strictly prohibited in the majorly infected countries, which restricts the growth of the global mechanical locks market.


Table of Content



  • Impact of COVID-19 on the market

    • Impact on product availability

    • Impact on supply chain

    • Impact on store-based vs online sales

    • Impact on pricing

    • Impact on consumer buying behaviour

    • Short-term & long-term impact on market growth



Market Snapshot:


The global mechanical locks market research is estimated to demonstrate 4.80% CAGR owing to the augmenting demand for weatherproof padlocks in the marine applications, asserts Market Research Future (MRFR). The global market is also predicted to garner USD 8.52 billion during the forecast period (2018-2023). Mechanical locks are usually used for security purposes. Electronic locking devices require mechanical lock during any power failure or system error. With ever-increasing security concerns across the globe, the need for high-security locking systems is expected to boom in commercial as well as residential spaces.


The global mechanical locks market is expanding at a significant rate owing to several factors. The augmenting demand for waterproof padlocks in marine applications is predicted to flourish the mechanical locks market during the assessment period. Weatherproof padlocks protect against rust and grit as they are equipped with a plastic jacket and a guarded keyway. For instance, Draper Tools Ltd. has offered 42 MM resettable, 45 MM laminated steel, 48 MM resettable, and 54 MM laminated steel padlocks.


With the rising consumer preference for deadbolt locks, the market for mechanical locks is expected to trigger. Deadbolts provide a higher level of protection than doorknobs with pin tumbler locks due to its hardened steel bolts and advanced mechanism, thereby propelling the market growth for mechanical locks market during the assessment period. Moreover, several market players have developed various kinds of deadbolts for level one or level two security. For instance, Assa, which is a subsidiary of Assa Abloy, has offered two levels of security with 7000 and 6000 series grade 1 and the M80 and M90 series grade 2 deadbolt locks that come with the pick-resistant Assa cylinder.


However, with the increasing applications of smart locks, the global market for mechanical locks market is expected to experience a gradual slowdown. Consumers are shifting their preferences from mechanical locks to smart locks as they offer networked access control. This is anticipated to restrain the market growth during the appraisal period.


Segmental Analysis:


The global mechanical locks market has been segmented on the basis of product type, grade, raw materials, and by region.


Based on product type, the global mechanical locks market has been segmented into mortise locks, cylindrical locks, deadbolt, padlocks, and others. Among these, the mortise locks segment is considered to witness a CAGR of 5.03% during the assessment period. On the other hand, deadbolt segment is estimated to witness a CAGR of 5.41%, during the appraisal period.


Based on grade, the global mechanical locks market has been segmented into grade 1, grade 2, and grade 3. Among these, the grade 1 locks provide the highest security level and are rated for applications where they experience heavy use such as in schools, hospitals, and public buildings.


Based on raw materials, the global mechanical locks market has been segmented into copper, iron, aluminum, stainless steel, and others. Among these, the copper segment has been considered as one of the most commonly used materials as it possesses excellent mechanical attributes such as hardness, ductility, and strength. Iron is widely used in the manufacturing of locksets as it offers cost-effectiveness.


Regional Insights:


The mechanical locks market has been studied under regions namely, Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.


The North American region demonstrates a 26.3% share and is anticipated to expand at a moderate pace owing to the product innovation and rapid advancements in the inclusion of raw materials. The manufacturers have also adopted several technologies in order to achieve the desired end look of mechanical locks which is further driving the market in this region.


The European region is expected to be driven by the growth of the real estate sector. Besides, product innovation is also considered to be one of the major factors triggering the demand for mechanical locks during the assessment period.


Asia-Pacific is considered to be a profitable region for the manufacturers of mechanical locks and is predicted to experience a substantial CAGR of 5.41%. In this region, China is considered one of the leading markets owing to the rapid industrialization and urbanization, as these factors have fueled the demand for residences.


Competitive Dashboard:


The prominent players operating the global mechanical locks market are Allegion PLC (Ireland), EVVA Sicherheitstechnologie GmbH (Austria), Assa Abloy (Sweden), August Bremicker Söhne KG (ABUS) (Germany), Nuova Oxidal SRL (Italy), Draper Tools Ltd (UK), Serrature Meroni SpA (Italy), DOM Security (France), Spectrum Brands Inc. (US), and Codelocks Inc. (US).

1 Executive Summary

2 Market Introduction

2.1 Definition 16

2.2 Scope of the Study 16

2.3 Assumptions 16

2.4 Market Structure 17

2.5 Key Takeaways 17

2.6 Key Buying Criteria 18

3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 20

3.3 Secondary Research 21

3.4 Market Size Estimation 22

3.5 Forecast Model 23

4 Market Dynamics

4.1 Drivers 25

4.1.1 Increasing Demand for Weatherproof Padlocks in Marine Applications 25

4.1.2 Consumer Preference for Deadbolt Locks 25

4.1.3 Rising Need for Two-Way Locks in Emergency Exits 25

4.2 Restraints 25

4.2.1 Growing Application of Smart Locks 25

4.2.2 Availability of Advanced Key Duplication Technologies 26

4.3 Opportunity 26

4.3.1 Increasing popularity of safer locking systems through innovations and upgrades 26

5 Market Factor Analysis

5.1 Introduction 28

5.2 Value Chain Analysis 28

5.2.1 Research & Product Development 28

5.2.2 Raw Material Procurement 28

5.2.3 Processing 29

5.2.4 Packaging 29

5.3 Supply Chain Analysis 29

5.4 Porter’s Five Forces Analysis 30

5.4.1 Threat of New Entrants 30

5.4.2 Threat of Substitutes 31

5.4.3 Bargaining Power of Buyers 31

5.4.4 Bargaining Power of Suppliers 31

5.4.5 Competitive Rivalry 31

5.4.6 Bargaining Power of Suppliers 32

5.4.7 Competitive Rivalry 32

6 Mechanical Locks Market, by Product Type

6.1 Overview 34

6.1.1 Padlocks 34

6.1.2 Mortise Locks 34

6.1.3 Cylindrical Locks 34

6.1.4 Deadbolt 34

6.1.5 Others 34

7 Mechanical Locks Market, by Grade

7.1 Overview 39

7.1.1 Grade 1 39

7.1.2 Grade 2 39

7.1.3 Grade 3 39

8 Mechanical Locks Market, by Raw Material

8.1 Overview 43

8.1.1 Stainless Steel 43

8.1.2 Copper 43

8.1.3 Iron 43

8.1.4 Aluminum 43

8.1.5 Others 43

9 Global Mechanical Locks Market, by Region

9.1 Introduction 45

9.2 North America 46

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.2.1 U.S. 48

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.2.2 Canada 49

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.2.3 Mexico 50

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3 Europe 51

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3.1 U.K 53

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3.2 Germany 54

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3.3 France 55

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3.4 Italy 56

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3.5 Spain 57

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3.6 Russia 58

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.3.7 Rest of Europe 59

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4 Asia-Pacific 60

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.1 China 62

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.2 India 63

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.3 Japan 64

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.4 Australia & New Zealand 65

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.5 Thailand 66

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.6 Malaysia 67

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.7 Indonesia 68

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.8 Bangladesh 69

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.4.9 Rest of Asia Pacific 70

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.5 Latin America 72

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.5.1 Brazil 74

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.5.2 Rest of Latin America 75

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.6 Middle East & Africa 76

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.6.1 South Africa 78

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.6.2 Egypt 79

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.6.3 Nigeria 80

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.6.4 Kenya 81

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.6.5 Saudi Arabia 82

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

9.6.6 Rest of Middle East & Africa 83

Mechanical Locks Market, by Product Type

Mechanical Locks Market, by Grade

Mechanical Locks Market, by Raw Material

10 Competitive Landscape

11 Company Profiles

11.1 Spectrum Brands, Inc. 88

11.1.1 Company Overview 88

11.1.2 Financial Overview 88

11.1.3 Products Offered 89

11.1.4 Key Developments 89

11.1.5 SWOT Analysis 89

11.1.6 Key Strategies 89

11.2 Allegion PLC 90

11.2.1 Company Overview 90

11.2.2 Financial Overview 90

11.2.3 Products Offered 91

11.2.4 Key Developments 91

11.2.5 SWOT Analysis 92

11.2.6 Key Strategies 92

11.3 Assa Abloy 93

11.3.1 Company Overview 93

11.3.2 Financial Overview 93

11.3.3 Products Offered 94

11.3.4 Key Developments 94

11.3.5 SWOT Analysis 94

11.3.6 Key Strategies 94

11.4 August Bremicker Söhne KG (ABUS) 95

11.4.1 Company Overview 95

11.4.2 Products Offered 95

11.4.3 Key Developments 95

11.4.4 SWOT Analysis 96

11.4.5 Key Strategies 96

11.5 Draper Tools Ltd 97

11.5.1 Company Overview 97

11.5.2 Products Offered 97

11.5.3 Key Developments 97

11.5.4 SWOT Analysis 97

11.5.5 Key Strategies 97

11.6 DOM Security 98

11.6.1 Company Overview 98

11.6.2 Financial Overview 98

11.6.3 Products Offered 99

11.6.4 Key Developments 99

11.6.5 Key Strategies 99

11.7 Codelocks Inc. 100

11.7.1 Company Overview 100

11.7.2 Products Offered 100

11.7.3 Key Developments 101

11.7.4 Key Strategies 101

11.8 Serrature Meroni SpA 102

11.8.1 Company Overview 102

11.8.2 Products Offered 102

11.8.3 Key Developments 102

11.8.4 Key Strategies 102

11.9 EVVA Sicherheitstechnologie GmbH 103

11.9.1 Company Overview 103

11.9.2 Products Offered 103

11.9.3 Key Developments 103

11.9.4 Key Strategies 103

11.10 Nuova Oxidal SRL 104

11.10.1 Company Overview 104

11.10.2 Products Offered 104

11.10.3 Key Developments 104

11.10.4 Key Strategies 104

12 Conclusion

12.1 Key Findings 106


13 List of Tables

TABLE 1 GLOBAL MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, USD MILLION, (2021-2027) 12

TABLE 2 GLOBAL MECHANICAL LOCKS MARKET, BY GRADE USD MILLION, (2021-2027) 13

TABLE 3 GLOBAL MECHANICAL LOCKS MARKET, BY REGION USD MILLION, (2021-2027) 13

TABLE 4 LIST OF ASSUMPTIONS 16

TABLE 5 GLOBAL MECHANICAL LOCKS (PADLOCKS) MARKET, BY REGION, 2021-2027 (USD MILLION) 35

TABLE 6 GLOBAL MECHANICAL LOCKS (MORTISE LOCKS) MARKET, BY REGION, 2021-2027 (USD MILLION) 35

TABLE 7 GLOBAL MECHANICAL LOCKS (CYLINDRICAL LOCKS) MARKET, BY REGION, 2021-2027 (USD MILLION) 36

TABLE 8 GLOBAL MECHANICAL LOCKS (DEADBOLT) MARKET, BY REGION, 2021-2027 (USD MILLION) 36

TABLE 9 GLOBAL MECHANICAL LOCKS (OTHERS) MARKET, BY REGION, 2021-2027 (USD MILLION) 37

TABLE 10 GLOBAL MECHANICAL LOCKS (GRADE 1) MARKET, BY REGION, 2021-2027 (USD MILLION) 40

TABLE 11 GLOBAL MECHANICAL LOCKS (GRADE 2) MARKET, BY REGION, 2021-2027 (USD MILLION) 40

TABLE 12 GLOBAL MECHANICAL LOCKS (GRADE 3) MARKET, BY REGION, 2021-2027 (USD MILLION) 41

TABLE 13 NORTH AMERICA: MECHANICAL LOCKS MARKET, BY COUNTRY, 2021-2027 (USD MILLION) 46

TABLE 14 NORTH AMERICA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 47

TABLE 15 NORTH AMERICA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 47

TABLE 16 U.S.: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 48

TABLE 17 U.S.: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 48

TABLE 18 CANADA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 49

TABLE 19 CANADA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 49

TABLE 20 MEXICO: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 50

TABLE 21 MEXICO: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 50

TABLE 22 EUROPE: MECHANICAL LOCKS MARKET, BY COUNTRY, 2021-2027 (USD MILLION) 51

TABLE 23 EUROPE: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 52

TABLE 24 EUROPE: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 52

TABLE 25 U.K: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 53

TABLE 26 U.K: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 53

TABLE 27 GERMANY: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 54

TABLE 28 GERMANY: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 54

TABLE 29 FRANCE: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 55

TABLE 30 FRANCE: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 55

TABLE 31 ITALY: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 56

TABLE 32 ITALY: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 56

TABLE 33 SPAIN: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 57

TABLE 34 SPAIN: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 57

TABLE 35 RUSSIA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 58

TABLE 36 RUSSIA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 58

TABLE 37 REST OF EUROPE: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 59

TABLE 38 REST OF EUROPE: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 59

TABLE 39 ASIA-PACIFIC: MECHANICAL LOCKS MARKET, BY COUNTRY, 2021-2027 (USD MILLION) 60

TABLE 40 ASIA PACIFIC: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 61

TABLE 41 ASIA PACIFIC: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 62

TABLE 42 CHINA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 62

TABLE 43 CHINA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 63

TABLE 44 INDIA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 63

TABLE 45 INDIA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 64

TABLE 46 JAPAN: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 64

TABLE 47 JAPAN: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 65

TABLE 48 AUSTRALIA & NEW ZEALAND: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 65

TABLE 49 AUSTRALIA & NEW ZEALAND: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 66

TABLE 50 THAILAND: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 66

TABLE 51 THAILAND: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 67

TABLE 52 MALAYSIA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 67

TABLE 53 MALAYSIA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 68

TABLE 54 INDONESIA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 68

TABLE 55 INDONESIA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 69

TABLE 56 BANGLADESH: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 69

TABLE 57 BANGLADESH: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 70

TABLE 58 REST OF ASIA PACIFIC: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 70

TABLE 59 REST OF ASIA PACIFIC: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 71

TABLE 60 LATIN AMERICA: MECHANICAL LOCKS MARKET, BY COUNTRY, 2021-2027 (USD MILLION) 72

TABLE 61 LATIN AMERICA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 73

TABLE 62 LATIN AMERICA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 73

TABLE 63 BRAZIL: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 74

TABLE 64 BRAZIL: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 74

TABLE 65 REST OF LATIN AMERICA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 75

TABLE 66 REST OF LATIN AMERICA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 75

TABLE 67 MIDDLE EAST & AFRICA: MECHANICAL LOCKS MARKET, BY COUNTRY, 2021-2027 (USD MILLION) 76

TABLE 68 MIDDLE EAST & AFRICA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 77

TABLE 69 MIDDLE EAST & AFRICA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 77

TABLE 70 SOUTH AFRICA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 78

TABLE 71 SOUTH AFRICA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 78

TABLE 72 EGYPT: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 79

TABLE 73 EGYPT: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 79

TABLE 74 NIGERIA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 80

TABLE 75 NIGERIA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 80

TABLE 76 KENYA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 81

TABLE 77 KENYA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 81

TABLE 78 SAUDI ARABIA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 82

TABLE 79 SAUDI ARABIA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 82

TABLE 80 REST OF MIDDLE EAST & AFRICA: MECHANICAL LOCKS MARKET, BY PRODUCT TYPE, 2021-2027 (USD MILLION) 83

TABLE 81 REST OF MIDDLE EAST & AFRICA: MECHANICAL LOCKS MARKET, BY GRADE, 2021-2027 (USD MILLION) 83

TABLE 82 COMPETITIVE LANDSCAPING: GLOBAL MECHANICAL LOCKS MARKET, BY DEVELOPMENT (2013–2021) 86


14 List of Figures

FIGURE 1 GLOBAL MECHANICAL LOCKS MARKET SHARE (%), BY PRODUCT TYPE (2021 & 2027) 12

FIGURE 2 GLOBAL MECHANICAL LOCKS MARKET SHARE (%), BY GRADE (2021 & 2027) 13

FIGURE 3 GLOBAL MECHANICAL LOCKS MARKET SHARE (%), BY REGION (2021 & 2027) 14

FIGURE 4 GLOBAL MECHANICAL LOCKS MARKET: MARKET STRUCTURE 17

FIGURE 5 KEY TAKEAWAYS OF THE MECHANICAL LOCKS MARKET 17

FIGURE 6 KEY BUYING CRITERIA OF MECHANICAL LOCKS 18

FIGURE 7 RESEARCH PROCESS OF MRFR 20

FIGURE 8 TOP DOWN & BOTTOM-UP APPROACH 22

FIGURE 9 VALUE CHAIN ANALYSIS: MECHANICAL LOCKS MARKET 28

FIGURE 10 SUPPLY CHAIN ANALYSIS: MECHANICAL LOCKS MARKET 29

FIGURE 11 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL MECHANICAL LOCKS MARKET 30

FIGURE 12 GLOBAL MECHANICAL LOCKS MARKET, BY PRODUCT TYPE 2021 & 2027 (USD MILLION) 34

FIGURE 13 GLOBAL MECHANICAL LOCKS MARKET, BY GRADE 2021 & 2027 (USD MILLION) 39

FIGURE 14 GLOBAL MECHANICAL LOCKS MARKET, BY REGION 2021 & 2027 (USD MILLION) 45

FIGURE 15 NORTH AMERICA MECHANICAL LOCKS MARKET, BY COUNTRY 2021 & 2027 (USD MILLION) 46

FIGURE 16 EUROPE MECHANICAL LOCKS MARKET, BY COUNTRY 2021 & 2027 (USD MILLION) 51

FIGURE 17 ASIA-PACIFIC MECHANICAL LOCKS MARKET, BY COUNTRY 2021 & 2027 (USD MILLION) 60

FIGURE 18 LATIN AMERICA MECHANICAL LOCKS MARKET, BY COUNTRY 2021 & 2027 (USD MILLION) 72

FIGURE 19 MIDDLE EAST & AFRICA MECHANICAL LOCKS MARKET, BY COUNTRY 2021 & 2027 (USD MILLION) 76

FIGURE 20 GLOBAL MECHANICAL LOCKS MARKET: SHARE OF MARKET DEVELOPMENTS, BY KEY PLAYERS, 2013–2021 85

FIGURE 21 GLOBAL MECHANICAL LOCKS MARKET: ANALYSIS OF KEY DEVELOPMENTS 85

FIGURE 22 GLOBAL MECHANICAL LOCKS MARKET: MARKET DEVELOPMENTS, 2013–2021 86

Major key players listed in the mechanical locks market include Assa Abloy (Sweden), Allegion PLC (Ireland), DOM Security (France), and Codelocks Inc. (US) among others. Mechanical locks have an established market throughout the globe and increasing product offering with advanced technologies through strategic acquisitions are further driving the growth of the market. Also, the growth in the marketing strategies adopted by the key players is a major driver in the global mechanical locks market. These listed players account for the major developmental share in the global mechanical locks market. To compete with the new players entering the mechanical locks market, the established players follow certain strategies to sustain their consumer base.


Assa Abloy accounted for the highest market share in terms of development and is projected to constitute 24% of the developmental share in the global mechanical locks market. The company delivers wide range of mechanical locks under several categories. The company is majorly focusing on expanding its distribution reach as well as increasing its business operation and production. For instance, the acquisition of Shree Mahavir Metalcraft Pvt. Ltd helped Assa Abloy to enter into the business of architectural hardware and locks in India. The company is also inclined towards product launches in order to compete in the market by offering new and innovative technologies. For instance, the launch of CY110, an exclusive European patented master key solution with reversible key technology.


Allegion PLC and DOM  Security also holds a prominent place in the market with strong focus on acquisition, geographical expansion, and product launches. They both accounted for a respective share of 20% in the global mechanical locks market during the period of 2013–2018. Major developments Allegion PLC underwent were acquisitions of major brands to build a stronger product portfolio, for instance, the acquisition of door and access systems business from GWA Group Limited and the renowned Australian brand Gainsborough Hardware and API Locksmiths. This acquisition gave an opportunity to Allegion PLC to operate in the business of residential door hardware in Australia and expand its portfolio with the country’s top entrance door lock. However, DOM Security is witnessed to be focused on majorly launching new and innovative products as well as strategic acquisitions along with business expansions. Launching products such as trolley lock in 2017 and high security ‘ixTwinstar’ at the 2016 Security Essen exhibition in Germany are expected to boost the company sales of mechanical locks during the forecast period.


Codelocks Inc. accounted for a share of 16% of the overall development in the global mechanical locks market. This company is highly involved into business expansions as well as expanding in different geographical regions. For instance, the new head office in the UK at Newbury’s Greenham Business Park offers the employees of Codelocks Inc. a better working environment as well as provide UK customers with advanced technical support and training. The company also includes products launches as a key company strategy and the introduction of a range of easy-to-install locks with the CL50 and CL160 is expected to fuel revenue generation from the global market of mechanical locks during the forecast period.


Other major manufacturers include Spectrum Brands, Inc. (US), Serrature Meroni S.p.A. (Italy), August Bremicker Söhne KG (Germany), Draper Tools Ltd (UK), EVVA Sicherheitstechnologie GmbH (Austria), and Nuova Oxidal SRL (Italy), among many others. These companies are also found to have a high focus on strategic product launch to seek consumers’ attention towards their product range. They are also involved in the strategic agreement which will further support the company to expand and reach out to consumers across the regions. Acquisitions are also made to mark the company’s presence and expand their business line. Additionally, the companies are inclined towards product promotions and strengthening their marketing base. The promotional strategy aids in retaining the existing customers and to regenerating new customer base.