Report : Asia Pacific Cam Locks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Regular and Electronic), Application (Metal Furniture, Wooden Furniture, Mail Boxes, Automotive Accessories, Lockers, Windows and Doors, and Others), and Handle Type (T-Handle, Swing Handle, L-Handle, and Bail Handle)
Electronic segment has the Largest Share of Type in the Asia Pacific Cam Locks Market during 2019–2028
According to our latest study on “Asia Pacific Cam Locks Market Forecast to 2028 – COVID-19 Impact and Analysis – by “ Type , Application and Handle Type ” the market is projected to reach US$ 1,229.9 million by 2028 from US$ 834.36 million in 2021; it is expected to grow at a CAGR of 5.7% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as rising construction of commercial complexes and increasing use of cam locks by furniture manufacturers. However, increasing deployment of smart locks is hamper the market growth.
Based on type, the cam locks market is segmented as regular and electronic. In 2020, the electronic segment accounted for the largest share of the bar tools market. The electronic cam locks segment is anticipated to grow at a significant CAGR owing to the availability of advanced manufacturing process, and the most rigorous quality management techniques. Sinox Combi-Cam lock and ABLOY Cam Locks, for instance are some examples of advanced and long-lasting products developed to meet the highest levels of security in equipment locking for applications such as storage cabinets, display cabinets, and file lockers.
Assa Abloy Group, Southco, Inc., Dirak, Inc., Emka, Inc. ,Industrilas AB , Camlock Systems Ltd. ,JK Lock Co., Ltd., SINOX COMPANY LTD. are among the leading companies in the Asia Pacific cam locks market .The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The Asia Pacific cam locks market is segmented into type, application, and handle type. Based on type, the Asia Pacific cam locks market is segmented into regular and electronic. Based on application, the Asia Pacific cam locks market is segmented into metal furniture, wooden furniture, mail boxes, automotive accessories, lockers, windows and doors, and others. Based on handle type, the Asia Pacific cam locks market is segmented into T-handle, swing handle, l-handle, and bail handle. Based on Country, the Asia Pacific cam locks market is segmented into Australia, China, Japan, India, South Korea, and the rest of APAC.
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