The increasing usage of cam locks in growing residential and commercial spaces is one of the primary drivers of market growth. Several commercial spaces are growing across the region, especially in commercial construction, due to the rise in urbanization. Adoption of cam locks from end-users such as office spaces, hotels, restaurants, public administrative buildings, shopping malls, and recreational facilities is rising. Cam lock is one of the most basic and often used locks in manufacturing cabinets and furniture. It is vital in seating arrangements and document storage in commercial areas. In the residential construction sector, with the rise in compact households, multi-functional furniture has become popular, allowing for large storage. There has been an increase in extra home spaces for offices, which resulted in a demand for office furniture. The booming real estate industry is propelling the furniture market growth across the region. There are three basic types of furniture cam locks:A flat key cam lock is opened by lining up the discs with a standard key in the style of a house key to allow rotation. It is the cheapest furniture cam lock, with a medium level of security.A cam lock with a disc tubular disc is unlocked by a key that has a tubular-round shape and pushes into the cam lock rather than a flat aperture. This furniture cam lock is cost-effective and provides more security than the flat key cam lock.A slam lock is a furniture cam lock that automatically gets locked when closed or slammed shut. The lock is suitable for secured enclosures and furniture carrying documents that require high protection, such as medical documents and confidential workplace and housing files. The growing construction industry is an impetus to the cam locks market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the cam locks market growth. North America cam locks market growth is expected to grow at a good CAGR during the forecast period.
North America Cam Locks Market Segmentation
The North America cam locks market is segmented into type, application, and handle type. Based on type, the North America cam locks market is segmented into regular and electronic. Based on application, the North America 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 North America cam locks market is segmented into T-handle, swing handle, l-handle, and bail handle. Based on Geography, the North America cam locks market is segmented into the US, Mexico, and Canada.
North America Cam Locks Market - Companies Mentioned
Assa Abloy Group; Southco, Inc.; Dirak, Inc.; Emka, Inc.; Industrilas AB; Camlock Systems Ltd.; and Eberhard Manufacturing (Illinois Lock Company) are among the leading companies in the North America cam locks market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 560.12 Million |
| Market Size by 2028 | US$ 793.38 Million |
| CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Cam Locks Market is valued at US$ 560.12 Million in 2021, it is projected to reach US$ 793.38 Million by 2028.
As per our report North America Cam Locks Market, the market size is valued at US$ 560.12 Million in 2021, projecting it to reach US$ 793.38 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The North America Cam Locks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Cam Locks Market report:
The North America Cam Locks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Cam Locks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Cam Locks Market value chain can benefit from the information contained in a comprehensive market report.
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