What is Rim Locks Market?
The rim locks market is expected to witness high growth in the forecasted period due to growing security concerns worldwide. A rim lock is a type of door lock or locking device that attaches to the surface of a door. rising demand for electrical rim locks, increasing household infrastructure across the globe. These are the key drivers of the global rim lock market. This includes various types of locks such as traditional rim nightlatches as well as surface mounted sash locks and deadlocks still found on older properties with their original doors still in place. The growing construction industry worldwide will create a lucrative opportunity in the forecasted period.
The market study is being classified by Type (Electric Rim Lock and Mechanical Rim Lock), by Application (Residential Use and Office Buildings) and major geographies with country level break-up.
Facchinetti Srl (Italy), Assa Abloy AB (Sweden), Master Lock (Fortune Brands) (United States, Southco, Inc. (United States), Allegion plc (Ireland), Eastern Company (United States), Ningbo Wangtong Locks Co., Ltd. (China), DIRAK Dieter Ramsauer (Germany), Litai Metal Product Co.Ltd. (China), Capitol Lock (United States) and Rittal (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Dorclose Ltd (United Kingdom), The Quality Lock Company (United Kingdom), Dorcas (Spain) and Prefer srl (Italy).
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States and European Manufacturers will contribute to the maximum growth of Global Rim Locks market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Rim Locks market by Type, Application and Region.
On the basis of geography, the market of Rim Locks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurging Security Concerns across the Globe
- Growing Adoption of Keyless Rim Locks
Market Trend
- Introduction to Digital and Electrical Rim Locks to Enhance the Security
- Continues Technological Advancements in Minimizing Possible Breaches
Restraints
- Availability of Smarter and Reliable Substitutes
- Lack of Working Capabilities in case of Power Cutouts
Opportunities
- Increasing Household Infrastructure across the Developing Economies
- Rising Consumer Awareness about Household and Commercial Safety
Challenges
- Complexities in Designing and Developing Breach Free Rim Locks
Key Target Audience
Rim Locks Manufacturers, Rim Locks Distributors and Suppliers, Rim Locks International Traders, Upstream and Downstream Buyers, Government Agencies, Upstream and Downstream Buyers, Security Service Providers and Others