Global Outdoor Safety Lock Market Overview:
Outdoor recreational places contribute significantly to social well-being as well as physical and mental health, and may be especially vital during the epidemic. Closures of parks, amenities, and green spaces, on the other hand, limit options for healthful outdoor activity and stress release, and may drive people to less suited and more congested areas. Technology advancements have resulted in a greater acceptance of safety products such as outdoor safety locks. There are various types of outdoor safety locks available on the market, such as key locks, dial combination locks, card locks, fingerprint locks, and so on. The electronic outdoor safety locks market is expected to grow in the next years due to its ease of use, safety and security, and dependability.
As per latest study released by AMA Research, the Global Outdoor Safety Lock market is expected to see growth rate of 12.9%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emergence of Smart Safety Lock Powered by Advance Technologies
Market Growth Drivers:
Technical Progress in Security and Privacy Domain, Growing Number of End Use Specific Outdoor Locks and Rising Safety Awareness Among Consumers
Challenges:
Raw Material Price Fluctuation
Restraints:
Functionality Concerns with Electric Locks without Power Supply and High-Cost Expenses
Opportunities:
Increasing Demand Across Emerging Regions
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Assa Abloy (Yale) (Sweden), August Home (United States), City Lock and Safe Ltd (United Kingdom), Godrej (India), Hanman International PTE Ltd (Singapore), HAVEN Lock, Inc. (United States), Link Locks (India), Super Safety Services (India), Spectrum Brands, Inc. (Kwikset) (United States) and Schlage (United States). Additionally, following companies can also be profiled that are part of our coverage like Kwikset (United States), Baldwin Hardware (United States), Master Lock (United States) and Harney Hardware (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Outdoor Safety Lock market by 2030. Considering Market by End User, the sub-segment i.e. Residential will boost the Outdoor Safety Lock market. Considering Market by Power, the sub-segment i.e. Manual will boost the Outdoor Safety Lock market.
Latest Market Insights:
On 14th December, 2020 - Fortune Brands Completed its Acquisition of LARSON as Part of Outdoors & Security Segment. The Deal Adds Innovative Range of Technologies to Fortune’s Portfolio Across Security Systems, in Addition to Strong Regional Presence across Various New Markets.
On 30th March, 2020 - Godrej Locks Strengthen Digital Locks Portfolio with The Launch Of 100% 'Made in India' Digital Lock, called “Spacetek”. The Latest Model Includes Technologically Sophisticated Features Such As 360-Degree Finger Print Recognition, Spy Code, Privacy Mode, Low Battery Indicator, External Power Bank Charging, Volume Control, And A Break in Alarm, Among Others.
What Can be Explored with the Outdoor Safety Lock Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Outdoor Safety Lock Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Outdoor Safety Lock
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Outdoor Safety Lock market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Outdoor Safety Lock market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Outdoor Safety Lock Manufactures, New Entrants and Investors, Outdoor Safety Lock Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.