Australia & New Zealand Dried Fruits MARKET By Application
Global Mechanical Locks market [2016-2023] by Asia Pacific
By Asia Pacific, the market is segmented into Asia Pacific, Bangladesh, China, Indonesia, India, Japan, Malaysia, Thailand, Rest of Asia Pacific, and Australia and New Zealand (2016-2023)
| Label | Asia Pacific | Bangladesh | China | Indonesia | India | Japan | Malaysia | Thailand | Rest of Asia Pacific | Australia and New Zealand |
|---|---|---|---|---|---|---|---|---|---|---|
| 2016 | 1558.2 USD Mn | 58.4 USD Mn | 438.6 USD Mn | 139.5 USD Mn | 321.8 USD Mn | 159.7 USD Mn | 82.1 USD Mn | 105.0 USD Mn | 79.8 USD Mn | 173.3 USD Mn |
| 2017 | 1635.9 USD Mn | 60.9 USD Mn | 462.1 USD Mn | 146.5 USD Mn | 338.5 USD Mn | 167.8 USD Mn | 86.0 USD Mn | 110.3 USD Mn | 82.7 USD Mn | 181.1 USD Mn |
| 2018 | 1718.0 USD Mn | 63.6 USD Mn | 487.0 USD Mn | 153.9 USD Mn | 356.1 USD Mn | 176.4 USD Mn | 90.3 USD Mn | 115.8 USD Mn | 85.8 USD Mn | 189.0 USD Mn |
| 2019 | 1806.2 USD Mn | 66.3 USD Mn | 514.0 USD Mn | 161.8 USD Mn | 375.3 USD Mn | 185.6 USD Mn | 94.9 USD Mn | 121.8 USD Mn | 89.0 USD Mn | 197.4 USD Mn |
| 2020 | 1900.1 USD Mn | 68.6 USD Mn | 543.2 USD Mn | 170.2 USD Mn | 396.0 USD Mn | 195.2 USD Mn | 99.9 USD Mn | 128.2 USD Mn | 92.4 USD Mn | 206.4 USD Mn |
| 2021 | 2002.1 USD Mn | 71.3 USD Mn | 575.2 USD Mn | 179.4 USD Mn | 418.4 USD Mn | 205.8 USD Mn | 105.2 USD Mn | 135.1 USD Mn | 95.5 USD Mn | 216.2 USD Mn |
| 2022 | 2114.7 USD Mn | 74.6 USD Mn | 610.9 USD Mn | 189.5 USD Mn | 443.9 USD Mn | 217.4 USD Mn | 111.1 USD Mn | 142.7 USD Mn | 97.6 USD Mn | 226.9 USD Mn |
| 2023 | 2235.3 USD Mn | 77.3 USD Mn | 650.5 USD Mn | 200.1 USD Mn | 471.7 USD Mn | 230.0 USD Mn | 117.4 USD Mn | 150.7 USD Mn | 100.2 USD Mn | 237.6 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2017 in the Asia Pacific mechanical locks market, and is expected to reach USD 650.50 Million in 2023 from USD 462.10 Million in 2017.This market is projected to grow at a CAGR of 5.96% during the forecast period from 2018 - 2023. grade 3 segment accounted for the largest market share in 2017, this market is expected to reach USD 1087.10 Million in 2023 from USD 811.90 Million in 2017. This market is projected to grow at a CAGR of 5.05% during the forecast period from 2018 - 2023. However, grade 1 segment is the fastest growing market, which is expected to grow at a CAGR of 5.83% during the forecast period 2018 - 2023. padlocks segment accounted for the largest market share in 2017, this market is expected to reach USD 705.60 Million in 2023 from USD 528.30 Million in 2017. This market is projected to grow at a CAGR of 5.00% during the forecast period from 2018 - 2023. However, deadbolt segment is the fastest growing market, which is expected to grow at a CAGR of 6.07% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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