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Global Furniture Lock Market by Type (CAM Lock, Cylinder Lock, Others), By Application (Cabinet, Drawers, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CG-35964
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 100
  • No. Of Pages: 236
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  • Pub. Date: 2021-04-04
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The Global Furniture Lock Market size is projected to grow at a CAGR of 4.4% during the forecast period, from 2021-2028. The Western Europe region is expected to contribute significantly towards the global furniture lock market size, as it remains one of the largest regional markets for furniture locks in terms of value and volume.

 

 

A furniture lock is a latch or bolt that secures the door of a cabinet, drawer or another type of storage. A typical function for these locks is to keep small children away from dangerous items such as knives and matches which may be found in cabinets. They are also used to prevent unauthorized people without permission from accessing places like living rooms and bedrooms. Some types of hardware typically found on furniture locks include cam locks, cylinder locks, keyless lever tumbler handles (which have been increasingly popular due to their ease of use), push-button handle mortice latches (a more traditional style with a decorative appearance) among others. The features of a furniture lock are that it is installed on the inside or outside of cabinets, drawers, and doors to protect from theft. Furniture locks provide protection in areas with high foot traffic such as shopping malls, airports, restaurants, etc.

 

 

On the basis of Type, the global furniture lock market is segmented into cam lock, cylinder lock, and others.

 

 

Cam Lock:

A cam lock is a type of furniture door lock. It has an internal rotating bolt assembly with handles attached to it, and this works together with the plug or lever handle on the exterior of the cabinet, drawer, or room for locking and unlocking purposes. There are two basic components to these types of locks: a cylinder that houses the pins that retract when one turns the key in order to open your cabinet doors; and then there is also a set of cams that control how far out those pins can go so as to push back into place automatically after being closed again. Cam locks function by using levers (which are connected to rods) situated inside the lock housing's core body alongside springs, essentially allowing these spring-loaded cylinders from rotating.

 

 

Cylinder Lock:

Cylinder locks are one of the most common types of locks used in furniture applications. They work by using a key to turn a cylinder, which manipulates pins so that they align with holes on either side of the door or drawer opening. The aligned pins prevent other items from entering into those openings and provide security against unauthorized entry. Cylinders come in all shapes and sizes depending on their intended use for interior doors, cabinets, desk drawers, file cabinet drawers, etc.

 

 

On the basis of Application, the global furniture lock market is segmented into cabinet, drawers, and others.

 

 

Cabinet:

The furniture lock for cabinets is also known as the cabinet locks. They are typically used to protect items in a cabinet from being accessed without permission. The primary function of these types of locks is that they can prevent thieves from accessing valuable and personal belongings inaccessible or protected by keys, code-pads, swipe cards, or other security devices. Generally, this kind of device will be installed behind the door on either side so it secures both sides at once while affording convenient access when needed.

 

 

Drawers:

The furniture lock for drawers is typically used on drawer handles that are not fitted with a key. It has the same role as the cam or cylinder locks, but it can be installed in a small space. The primary use for this type of lock is to secure items such as laptops and tablets while they’re being transported from one location to another. Similar to its other counterparts, the furniture lock for drawers is available in a few different styles. It can be installed either on each drawer handle or only one at the top of a stack of handles. In order to open any locked device, it requires that you press and hold firmly against the cabinet door while simultaneously turning the wrist clockwise until it unlocks all devices along with opening this particular cabinet.

 

 

On the basis of Region, the global furniture lock market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East And Africa.

North America: The industrialization process has been completed to some extent while the emergence of online shopping platforms such as Amazon Prime has significantly increased people's purchasing power which further facilitates their consumption habits including furnishings. In addition, increasing population and higher disposable income also assert a demand for products across all industries from various suppliers in this region. Hence, boost up regional furniture lock market size over time.

Europe: With increased focus on improving quality of life and environmental concerns related to global warming; European countries such as Germany will experience a moderate growth rate followed by France. The French furniture lock market is expected to grow at a CAGR of close to 0.75% during the period 2021-2028 with an estimated value of $137 million by 2028, largely due to increasing demands from new industries such as the automotive sector which demand higher security locks in their products. Germany is one of the leading economies among European countries contributing significantly to regional growth rates of the furniture lock market over time.

Latin America: In Latin America, increasing population coupled with rising disposable income will significantly boost up the demand for products across various industries including the furnishings industry. Furthermore, a high focus on improving quality of life has also contributed towards boosting furniture lock size over time. In Brazil & Argentina, people have lower buying power which eventually affects their consumption habits too.

Middle East & Africa: Countries such as Saudi Arabia are experiencing fast growth in the furniture lock market. Increasing population, the rise of disposable income, and rapid urbanization are some of the factors that contribute to this phenomenally high growth rate. In Saudi Arabia & UAE, cost-sensitive consumers coupled with low awareness levels have led towards a very low penetration level for furnishings locks. However, due to rising demand from the growing middle-class segment, there is an expected increase in sales over time.

 

 

Growth Factors For The Global Furniture Lock Market:

The crime rate all over the world has increased substantially during the last decade, and it poses a potential risk for businesses that are not aware of what security measures they should take while storing their merchandise. The growth prospects for this market are largely tied into these aspects that include increasing awareness of safety net among establishments on which consumers are spending money; rising demand of home delivery services by retailers which will lead to high competitiveness among them wherein companies need new ways to ensure safe deliveries; requirement for access control systems in schools and higher education institutes to maintain the security of students and staff, which in turn will lead to increase demand for furniture locks.



Up Market Research published a new report titled “Furniture Lock Market research report which is segmented by Types (CAM Lock, Cylinder Lock, Others), By Applications (Cabinet, Drawers, Others), By Players/Companies IllinoisLock Company, Bai Fu Co., Ltd(ARMSTRONG), Vijayan Lock, ArmStrong, ASSA-Abloy, Master Lock, Hafele, Lowe & Fletcher(Euro-Locks), Be-Tech, Make Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Furniture Lock Market Research Report
By Type CAM Lock, Cylinder Lock, Others
By Application Cabinet, Drawers, Others
By Companies IllinoisLock Company, Bai Fu Co., Ltd(ARMSTRONG), Vijayan Lock, ArmStrong, ASSA-Abloy, Master Lock, Hafele, Lowe & Fletcher(Euro-Locks), Be-Tech, Make Group
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 236
Number of Tables & Figures 166
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Furniture Lock Industry Outlook
 

Global Furniture Lock Market Report Segments:

The market is segmented by Type CAM Lock, Cylinder Lock, Others and By Application Cabinet, Drawers, Others.

 

Some of the companies that are profiled in this report are:

  1. IllinoisLock Company
  2. Bai Fu Co., Ltd(ARMSTRONG)
  3. Vijayan Lock
  4. ArmStrong
  5. ASSA-Abloy
  6. Master Lock
  7. Hafele
  8. Lowe & Fletcher(Euro-Locks)
  9. Be-Tech
  10. Make Group
 

Furniture Lock Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Furniture Lock Market
 

Overview of the regional outlook of the Furniture Lock Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Furniture Lock Market Overview
 

Highlights of The Furniture Lock Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Furniture Lock Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. CAM Lock

                2. Cylinder Lock

                3. Others

       7. By Application:

                1. Cabinet

                2. Drawers

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Furniture Lock Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Furniture Lock Market Statistics
 

Reasons to Purchase the Furniture Lock Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Furniture Lock Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Furniture Lock Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Furniture Lock Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Furniture Lock Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Furniture Lock Market Size & Forecast, 2018-2028 
      4.5.1 Furniture Lock Market Size and Y-o-Y Growth 
      4.5.2 Furniture Lock Market Absolute $ Opportunity 


Chapter 5 Global Furniture Lock Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Furniture Lock Market Size Forecast by Type
      5.2.1 CAM Lock
      5.2.2 Cylinder Lock
      5.2.3 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Furniture Lock Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Furniture Lock Market Size Forecast by Applications
      6.2.1 Cabinet
      6.2.2 Drawers
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Furniture Lock Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Furniture Lock Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Furniture Lock Analysis and Forecast
   9.1 Introduction
   9.2 North America Furniture Lock Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Furniture Lock Market Size Forecast by Type
      9.6.1 CAM Lock
      9.6.2 Cylinder Lock
      9.6.3 Others
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Furniture Lock Market Size Forecast by Applications
      9.10.1 Cabinet
      9.10.2 Drawers
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Furniture Lock Analysis and Forecast
   10.1 Introduction
   10.2 Europe Furniture Lock Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Furniture Lock Market Size Forecast by Type
      10.6.1 CAM Lock
      10.6.2 Cylinder Lock
      10.6.3 Others
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Furniture Lock Market Size Forecast by Applications
      10.10.1 Cabinet
      10.10.2 Drawers
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Furniture Lock Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Furniture Lock Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Furniture Lock Market Size Forecast by Type
      11.6.1 CAM Lock
      11.6.2 Cylinder Lock
      11.6.3 Others
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Furniture Lock Market Size Forecast by Applications
      11.10.1 Cabinet
      11.10.2 Drawers
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Furniture Lock Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Furniture Lock Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Furniture Lock Market Size Forecast by Type
      12.6.1 CAM Lock
      12.6.2 Cylinder Lock
      12.6.3 Others
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Furniture Lock Market Size Forecast by Applications
      12.10.1 Cabinet
      12.10.2 Drawers
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Furniture Lock Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Furniture Lock Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Furniture Lock Market Size Forecast by Type
      13.6.1 CAM Lock
      13.6.2 Cylinder Lock
      13.6.3 Others
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Furniture Lock Market Size Forecast by Applications
      13.10.1 Cabinet
      13.10.2 Drawers
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Furniture Lock Market: Competitive Dashboard
   14.2 Global Furniture Lock Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 IllinoisLock Company
      14.3.2 Bai Fu Co., Ltd(ARMSTRONG)
      14.3.3 Vijayan Lock
      14.3.4 ArmStrong
      14.3.5 ASSA-Abloy
      14.3.6 Master Lock
      14.3.7 Hafele
      14.3.8 Lowe & Fletcher(Euro-Locks)
      14.3.9 Be-Tech
      14.3.10 Make Group
Segments Covered in the Report
The global Furniture Lock market has been segmented based on

By Types
  • CAM Lock
  • Cylinder Lock
  • Others
By Applications
  • Cabinet
  • Drawers
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • IllinoisLock Company
  • Bai Fu Co., Ltd(ARMSTRONG)
  • Vijayan Lock
  • ArmStrong
  • ASSA-Abloy
  • Master Lock
  • Hafele
  • Lowe & Fletcher(Euro-Locks)
  • Be-Tech
  • Make Group

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