Lock and Key Market

Lock and key market: get access to newly released info enhanced by an Ai-driven BI platform. Info contain production, market size, market prices, trade, imports, companies, consumption, and exports. There is a split by country, including the U.K., the Middle East, Russia, the U.S., EU, Latin America, China, and Africa. Market insights and forecast to 2030 are also featured in the dashboards.

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Lock and Key - World's Largest Markets

In value terms, the largest lock and key markets worldwide were China, the United States and Germany, with a combined 41% share of the global market. These countries were followed by Mexico, Canada, South Korea, the UK, Thailand, Italy, Turkey, Poland, Russia and India, which together accounted for a further 28%.

In terms of the main consuming countries, Poland recorded the highest rates of growth with regard to market size, over the period under review, while lock and key market for the other global leaders experienced mixed trends in the market figures.

Lock And Key Prices

Lock and Key - Top Importers

In value terms, the United States ($9.1B) constitutes the largest market for imported padlocks, locks and keys of base metal worldwide, comprising 22% of global imports. The second position in the ranking was occupied by Germany ($3.6B), with a 8.5% share of global imports. It was followed by Canada, with a 3.8% share.

From 2018 to 2020, the average annual rate of growth in terms of value in the United States stood at -3.9%. In the other countries, the average annual rates were as follows: Germany (-3.6% per year) and Canada (-3.7% per year).

Lock and Key - Top Exporters

In value terms, China ($14.3B) remains the largest lock and key supplier worldwide, comprising 33% of global exports. The second position in the ranking was occupied by Germany ($5.7B), with a 13% share of global exports. It was followed by the United States, with a 6.6% share.

In China, lock and key exports expanded at an average annual rate of +1.9% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-5.9% per year) and the United States (-7.9% per year).

Lock and Key - Market Forecast

Driven by rising demand for lock and key worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Lock and Key - Top Companies

Changhong Metal Technology (Dongguan) Co., Ltd., MURATA MANUFACTURING CO.,LTD., Stanley Black & Decker, Inc., Bae Systems Holdings Inc., Akt America, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Rockwell Automation Safety AG, Rockwell Automation Switzerland GmbH, Samsung SDI Co., Ltd., SMC CORPORATION, Fortune Brands Home & Security, Inc., Chint Group Corporation, Harbin Electric Company Limited, Henan Huarui Electric Manufacturing Co., Ltd., Shenzhen Zhang's Electric Equipment Co., Ltd., Hubbell Incorporated, NMB-MINEBEA THAI LIMITED, MAANI & PARTNERS FURNITIRE, SAMSUNG ELECTRONICS HCMC CE COMPLEX CO., LTD, Miele & Cie. KG

Lock and Key - Product Coverage

• HS 830110 - Padlocks; (key, combination or electrically operated), of base metal
• HS 830120 - Locks; of a kind used for motor vehicles (key, combination or electrically operated), of base metal
• HS 830130 - Locks; of a kind used for furniture (key, combination or electrically operated), of base metal
• HS 830140 - Locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal
• HS 830150 - Clasps and frames with clasps; incorporating locks, of base metal
• HS 830170 - Keys; presented separately, of base metal
• HS 8302 - Base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal

Source: IndexBox Market Intelligence Platform