Rim Locks Market
Rim Locks Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Rim Locks Market Size and Growth
The Rim Locks market is experiencing robust growth, driven by rising security concerns and increasing demand in residential and commercial sectors. The market size is projected to reach approximately USD 1.7 billion by 2025, reflecting a CAGR of around 5.2%. Enhanced functionality and smart lock integration are key market trends.
Companies Covered
(Covid 19 Impact Covered)
◍ Bharat Lock House
◍ Facchinetti
◍ ITW Proline (Lane)
◍ ASSA ABLOY
◍ Master Lock (Fortune Brands)
◍ Southco
◍ Allegion
◍ The Eastern Company
◍ Ningbo WANGTONG LOCKS
◍ DIRAK
◍ Litai Metal Products
◍ Capitol Lock
◍ Rittal
◍ Dorclose
◍ The Quality Lock Company
◍ Dorcas
◍ PREFER
The Rim Locks Market features competitive players like Bharat Lock House, ASSA ABLOY, and Allegion, focusing on innovative designs and security features. By enhancing product quality and diversifying offerings, these companies drive market growth. Sales revenues vary, with ASSA ABLOY reporting €8.6 billion, Allegion at $2.5 billion, and Master Lock at $2 billion.
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Market Segmentation
By Application
Residentical Use
Office Buildings
Others
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By Product
Electric Rim Lock
Mechanical Rim Lock
Market Growth
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$ X Billion USD
