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World - Padlocks, Locks And Keys Of Base Metal - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Padlocks, Locks And Keys Of Base Metal - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 8, 2018

China Leads Global Padlocks, Locks and Keys Exports

IndexBox has just published a new report "World: Padlocks, Locks And Keys Of Base Metal - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global Padlocks, Locks and Keys Market Accelerated Slightly

Global padlocks, locks and keys market amounted to X tons in 2016. According to IndexBox estimates, after a sharp drop in 2009, it recovered in the next year and then underwent moderate, but robust growth through 2016, accelerating slightly by the end of the period.

In wholesale prices, global padlocks, locks and keys market reached $X in 2016, fluctuating somewhat notably over the last ten years. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). After a deep plunge in 2009, it had been recovering over the next two years, and then leveled off through 2016 with mild fluctuations.

Global Padlocks, Locks and Keys Market Is to Continue Its Measured Upward Trend

The main areas of padlocks, locks and keys application are construction, furniture manufacturing, transportation packaging manufacturing as well as automotive industry. Therefore, the demand for these products remains stable, amid the growth of the world economy and downstream industries in the key consumer countries.

China is a key producer and consumer of padlocks, locks and keys; it is also the world's largest exporter of padlocks, locks and keys, which will support further production growth. Although China's economic growth has slowed down against the backdrop of economic restructuring, it still remains one of the most robust in the world and will support demand for locks and fittings.

The U.S. is the world's second-largest market for padlocks, locks and keys. In the U.S., key downstream industries, such as construction and the automotive manufacturing, are experiencing favourable trends amid general economic recovery, strong employment and credit availability.

Driven by the stable demand from downstream industries worldwide amid improving global economy growth, the padlocks, locks and keys sector as a whole is projected to continue a measured upward consumption trend over the next nine years. The performance of the market is forecast to increase slightly with an anticipated CAGR of +X% for the period from 2016 to 2025, which is expected to bring the market volume to X tons by 2025.

China Dominates Global Manufacturing of Padlocks, Locks and Keys

In 2016, production of padlocks, locks and keys stood at X tons. Global production of padlocks, locks and keys increased steadily from 2007-2016, rising by +X% per year over the period under review.

In 2016, China (X tons) was the largest and main padlocks, locks and keys producing country, responsible for X% of total output. The share of all other countries was X%: the U.S. (X%), Germany (X%), Italy (X%), Austria (X%), Brazil (X%), and France (X%).

Austria (+X%), China (+X%), and the U.S. (+X%) had the highest growth rate in padlocks, locks and keys production among leading producing countries.

In addition, the share of China increased from X% in 2007 to X% in 2016. Meanwhile, the shares of the other countries remained relatively stable throughout the analysed period.

Approx. X% of Global Output of Padlocks, Locks and Keys Are Intended for Exports

Padlocks, locks and keys is a widely traded commodity, with the share of exports in total global output being about X% in 2007-2016. High trade intensity is determined mainly by the substantial distances between the main countries of padlocks, locks and keys manufacturing and key consuming countries.

Padlocks, locks and keys will continue to be highly traded, fuelled by increasing consumption, intense global and regional integration. However, the trade expansion could be restrained by softening growth of padlocks, locks and keys manufacturing and increasing domestic demand in some of the major exporting countries. A possible revision of the NAFTA free trade agreement, announced by the U.S. authorities is a serious risk factor. These measures will damage not only the U.S. but also neighbouring Mexico, which in recent years has significantly increased the consumption of locks and fittings, which are used in the products exported to the U.S.

China Leads Global Padlocks, Locks and Keys Exports

In 2016, the volume of global exports totalled X tons, increasing gradually by an average +X% per year from 2007-2016; however, some noticeable fluctuations occurred in certain years. In value terms, it amounted to $X in 2016; the trend pattern generally mirrored that of the volume of imports, but the growth was even more pronounced due to an increase in prices.

China ranks first in terms of global padlocks, locks and keys exports with a share of X% of the total exports (in physical terms). In 2016, China exported X tons of padlocks, locks and keys. Besides China, the largest global suppliers in 2016, all lagging somewhat behind in terms of the volume of exports, were Germany (X tons), Austria (X tons), the U.S. (X tons), Italy (X tons), Mexico (X tons), and Poland (X tons); together they comprised another X% of global exports. Poland and Austria were the fastest growing suppliers from 2007 to 2016, with the volume of exports expanding at an average annual rate of +X% per year and +X% per year, respectively, from 2007-2016.

The shares of Germany and Italy contracted by the same -X percentage points, while, the shares of the other countries remained relatively stable throughout the analysed period.

The U.S. Remains the Largest Importer of Padlocks, Locks and Keys

The volume of global imports totalled X tons in 2016, which equated to $X. A trend pattern of imports generally mirrored that of exports: these trade flows globally complement each other.

In 2016, the U.S. (X tons), Germany (X tons), Mexico (X tons), Poland (X tons), the UK (X tons), Russia (X tons) and Canada (X tons) constituted the leading destinations of padlocks, locks and keys imports, together comprising X% of global imports. Amongst the major importing countries, Poland (+X% per year) and Mexico (+X% per year) gained the highest annual growth rates from 2007 to 2016. The share of the U.S. (-X percentage points) decreased over the period under review. Meanwhile, the shares of the other countries remained relatively stable throughout the analysed period.

Do you want to know more about the global lock and key market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • lock and key market share
  • lock and key prices
  • lock and key industry
  • lock and key sales
  • lock and key import
  • lock and key export
  • lock and key market forecast
  • lock and key price forecast
  • key producers of locks and keys

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global lock and key market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25721130 - Base metal padlocks
  • Prodcom 25721150 - Base metal motor vehicle locks
  • Prodcom 25721170 - Base metal furniture locks
  • Prodcom 25721230 - Base metal cylinder locks used for doors of buildings
  • Prodcom 25721250 - Base metal locks used for doors of buildings (excluding cylinder locks)
  • Prodcom 25721270 - Base metal locks (excluding padlocks, motor vehicle locks, f urniture locks and locks used for doors of buildings)
  • Prodcom 25721330 - Base metal clasps and frames with clasps, with locks (excluding fasteners and clasps for handbags, brief-cases and executive-cases)
  • Prodcom 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)
  • Prodcom 25721410 - Base metal hinges
  • Prodcom 25721420 - Castors with mountings of base metal
  • Prodcom 25721430 - Base metal mountings, fittings and similar articles suitable for motor vehicles (excluding hinges, castors, locks and keys)
  • Prodcom 25721440 - Base metal mountings, fittings and similar articles suitable for buildings (excluding hinges, castors, locks, keys, spy holes fitted with optical elements and key operated door bolts)
  • Prodcom 25721450 - Base metal mountings, fittings and similar articles suitable for furniture (excluding hinges, castors, locks and keys)
  • Prodcom 25721460 - Other base metal mountings, fittings and similar articles (excluding for motor vehicles, buildings or furniture)
  • Prodcom 25721470 - Base metal automatic door closers
  • Prodcom 25721480 - Base metal hat-racks, hat-pegs, brackets, coat racks, towel racks, dish-cloth racks, brush racks and key racks (excluding coat-racks having the character of furniture)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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