About Mechanical Latch
A lock is a device which prevents access by requiring special knowledge or equipment. Mechanical latch are mechanical devices which secure an opening by keeping a door closed until a release mechanism is activated; usually a lever, knob, key and thumbturn. The lock are further classified in Mechanical lock and Electronic-mechanical hybrid locks. The Mechanical locks are comparatively less in price as compare to the Electronic- mechanical hybrid locks. These locks are mostly used in commercial vehicles. There are several types of mechanical locks such as Tubular Locks, Cylindrical Locks, Interconnected Locks, Deadbolt Locks, Mortise Locks and Padlocks but they all provide the same basic function - to secure a door.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competitive landscape for mechanical locks is potentially subjected to intrinsic engineering. Suppliers play a key role in enhancing the production of mechanical locks wherein the quality of raw material paves way for new lock designs and cost-effective manufacturing. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Mechanical Latch market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kaba Ilco Corp (United States), Kiekert (Germany), Lockey (United States), Destaco (United States), Dexter (United States), Weslock (United States), Dorman (United States), Schlage Lock Company, LLC (United States), Aisin (Japan), Bestop (United States) and Volkswagen (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Assa Abloy AB (Sweden), Dormakaba Holdings AG (Switzerland), Picard-Serrures (France) and Dom Ronis (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Mechanical Latch market by Type (Password and Non-password), Application (Automotive, Strongbox, Residential, Commercial and Other) and Region.
On the basis of geography, the market of Mechanical Latch 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Mechanical Latch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Premium Cabin Features and Rising Demand for Light Weight Latches
Market Growth Drivers:
Increase in Adoption of Power Doors in Passenger Cars and Growing Demand for Interconnected and Tubular Locks
Challenges:
Face Challenge in Gaining Buyers Interests
Restraints:
Functional and Operational Issues with Door Latches
Opportunities:
Higher Resistance of Stainless Steel Locks against Rust, Fire and Heat
Sept 13, 2018 IIco announce the availability of the EA and EB Schlage Everest Keyways for the 1 1/8” (28.6mm) and 1 1/4” (31.7mm) Mortise, Rim and the 1599 KIK Cylinders
Key Target Audience
Manufacturer of Mechanical Latches, Suppliers of Mechanical Latches, Wholesalers, Distributers and Retailers of Mechanical Latches, Automobile Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.