According to a recent survey published by FMI, the global Outdoor Safety Locks market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Outdoor Safety Locks over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Outdoor Safety Locks Market
The industrial sector is changing as companies throughout the world place a greater emphasis on enhanced automation. This is commonly known as Industry 4.0.
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Manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others, with the arrival of Industry 4.0. This should result in profitable growth opportunities for the Outdoor Safety Locks market.
Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output are expected to drive market demand in the approaching years.
Key Outdoor Safety Locks Market Takeaways and Projections
· The U.S. is estimated dominate the Outdoor Safety Locks market in North America, accounting for the largest share in the region through 2022.
· Germany is projected to account for a significant share in the Europe market over the assessment period.
· China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
· India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
· Outdoor Safety Locks Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
· Outdoor Safety Locks Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Outdoor Safety Locks market. As per the survey, Outdoor Safety Locks sales will project steady growth over the forecast period.
· Outdoor Safety Locks Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Outdoor Safety Locks.
· Outdoor Safety Locks Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Outdoor Safety Locks Market: Market Participants
Examples of some of the key participants identified across the value chain of the global outdoor safety locks market include:
- ASSA ABLOY (Yale)
- August Home
- City Lock and Safe Ltd
- Godrej Locking Solutions & Systems
- HANMAN INTERNATIONAL PTE LTD
- HAVEN Lock, Inc.
- Link Locks
- Super Safety Services
- Spectrum Brands, Inc. (Kwikset)
- Schlage
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Outdoor Safety Locks Market: Segmentation
The global outdoor safety locks market can be segmented on the basis of type, technology, and end user.
On the basis of type:
- Key Locks
- Dial Combination Locks (Keypad)
- Card Locks
- Fingerprint Locks
- Others
On the basis of technology:
- Manual Outdoor Safety Locks
- Electronic Outdoor Safety Locks
On the basis of end user:
- Residential
- Commercial
- Industrial
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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