Australia & New Zealand Dried Fruits MARKET By Application
Global Mechanical Locks market [2016-2023] by Middle East and Africa
By Middle East and Africa, the market is segmented into Middle East and Africa, Kenya, Nigeria, South Africa, Rest of Middle East and Africa, Saudi Arabia, and Egypt (2016-2023)
| Label | Middle East and Africa | Kenya | Nigeria | South Africa | Rest of Middle East and Africa | Saudi Arabia | Egypt |
|---|---|---|---|---|---|---|---|
| 2016 | 412.7 USD Mn | 17.5 USD Mn | 14.6 USD Mn | 85.6 USD Mn | 164.0 USD Mn | 87.0 USD Mn | 44.0 USD Mn |
| 2017 | 426.6 USD Mn | 17.9 USD Mn | 15.1 USD Mn | 88.7 USD Mn | 169.4 USD Mn | 90.0 USD Mn | 45.5 USD Mn |
| 2018 | 441.8 USD Mn | 18.2 USD Mn | 15.6 USD Mn | 92.0 USD Mn | 175.4 USD Mn | 93.4 USD Mn | 47.1 USD Mn |
| 2019 | 456.5 USD Mn | 18.6 USD Mn | 16.2 USD Mn | 95.3 USD Mn | 181.0 USD Mn | 96.7 USD Mn | 48.7 USD Mn |
| 2020 | 472.8 USD Mn | 18.9 USD Mn | 16.7 USD Mn | 99.0 USD Mn | 187.4 USD Mn | 100.3 USD Mn | 50.5 USD Mn |
| 2021 | 488.5 USD Mn | 19.2 USD Mn | 17.3 USD Mn | 102.5 USD Mn | 193.6 USD Mn | 103.9 USD Mn | 52.2 USD Mn |
| 2022 | 503.5 USD Mn | 19.5 USD Mn | 17.7 USD Mn | 105.9 USD Mn | 199.3 USD Mn | 107.3 USD Mn | 53.8 USD Mn |
| 2023 | 520.9 USD Mn | 20.0 USD Mn | 18.2 USD Mn | 109.9 USD Mn | 206.0 USD Mn | 111.2 USD Mn | 55.6 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Rest of Middle East and Africa accounted for the largest market share in 2017 in the Middle East and Africa mechanical locks market, and is expected to reach USD 206.00 Million in 2023 from USD 169.40 Million in 2017. However, South Africa is the fastest growing market, which is expected to grow at a CAGR of 3.62% during the forecast period 2018 - 2023. padlocks segment accounted for the largest market share in 2017, this market is expected to reach USD 197.40 Million in 2023 from USD 165.10 Million in 2017. This market is projected to grow at a CAGR of 2.99% during the forecast period from 2018 - 2023. However, deadbolt segment is the fastest growing market, which is expected to grow at a CAGR of 4.12% during the forecast period 2018 - 2023. grade 3 segment accounted for the largest market share in 2017, this market is expected to reach USD 268.40 Million in 2023 from USD 223.70 Million in 2017. This market is projected to grow at a CAGR of 3.04% during the forecast period from 2018 - 2023. However, grade 2 segment is the fastest growing market, which is expected to grow at a CAGR of 3.74% 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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