Mortise Lock Market

The global Mortise Lock market was valued at 1517.02 Million USD in 2021 and will grow with a CAGR of 5.68% from 2021 to 2027, based on Research newly published report.

The prime objective of Mortise Lock Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Mortise Lock Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A mortise lock (mortice lock in British English) is a lock that requires a pocketthe mortiseto be cut into the door or piece of furniture into which the lock is to be fitted.Mortise lock is a lock that is fitted in to a hole or pocket of a door, the word mortise refers to the hole in the door in which the lock is fitted. These types of locks are most commonly found on wooden doors and are more popular in the UK and Europe Assa Abloy group, dormakaba, Gretsch Unitas, etc. are the main suppliers of the product. In 2018, Assa Abloy group accounted for the highest market share of about 21%, and allegion ranked second, accounting for about 11% of the market share. The main consumer market of this product is in developed countries, such as Europe, North America, etc. In 2018, the European market share was about 32%, followed by North America with nearly 29%.

By Market Verdors:

• ASSA ABLOY Group
• Allegion
• Dormakaba
• Gretsch-Unitas
• Hafele Group
• Franz Schneider Brakel (FSB)
• CES
• Taymor
• Zhejiang Hongli Locks
• SELECO
• SALTO
• Lince
• PDQ
• Lockwood Industries
• Unison Hardware
• KAWAJUN
• Stanley Black & Decker

By Types:

• 2 Lever
• 3 Lever
• 5 Lever

By Applications:

• Commercial
• Residential

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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