Global Mechanical Locks Market to Grow at a CAGR Over 4.3% Post 2022

Market Highlights

The growth of construction industry in China, U.S and India is driving the demand of mechanical locks. Various electrical locking devices still require mechanical lock override in case of power failure or system error, which is boosting demand for mechanical locks. Affordable prices of mechanical locks over electrical access controllers are driving the growth of the market. The sales of mechanical locks in increasing among the small scale industries and household especially in rural area.

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Market Research Analysis:

Secondary data reveals that the Mechanical Locks Market is projected to grow more than 4.5% annually post the year 2022. The top 5 importers of mechanical locks are U.S., Germany, Mexico, China and U.K.

 

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Global Mechanical Locks Market Key Players

The key players profiled Mechanical Locks Serrature Meroni (Italy), ECO Schulte (Germany), ASSA ABLOY (Sweden), Fermax Electronica (U.S.), Mul-T-Lock (U.S.), Nuova Oxidal (Italy), AGB – Alban Giacomo (Italy), Codelocks (U.K.) and Frosio Bortolo (Italy)

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Intended Audience

  • Mechanical locks manufacturers
  • Aluminium and iron manufacturers
  • Steel Manufacturers
  • Stainless steel manufacturers
  • Retailers, wholesalers
  • E-commerce companies
  • Traders, Importers and exporters

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