Global Lockset Market Insights and Forecast to 2028

Market Analysis and Insights: Global Lockset Market
Due to the COVID-19 pandemic, the global Lockset market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Mechanical Lockset accounting for % of the Lockset global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Commercial segment is altered to an % CAGR throughout this forecast period.
China Lockset market size is valued at US$ million in 2021, while the US and Europe Lockset are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Lockset landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Lockset include ASSA ABLOY, Dorma Products, Emtek, Better Home Products, Yale, Kaba, Omnia, Tri-Circle and Schwepper Beschlag. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Lockset capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Lockset by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Lockset Scope and Segment
Lockset market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Lockset market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Mechanical Lockset
Smart Lockset
Segment by Application
Commercial
Residential
Automotive
Others
By Company
ASSA ABLOY
Dorma Products
Emtek
Better Home Products
Yale
Kaba
Omnia
Tri-Circle
Schwepper Beschlag
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E