The Cycle Locks Market is anticipated to expand at a compound annual growth rate (CAGR) of 5.5%. Cycle locks are a type of lock used to secure bicycles. They are often referred to as D-locks or U-locks. The term comes from the fact that they are usually formed like a U or a D and are composed of hardened steel.
Cycle locks are not infallible, though, and determined criminals can still bypass them. Additionally, some models might have weaker locking systems than others, and thus can be susceptible to picking. Consequently, it’s critical to select a high-quality cycle lock, operate it correctly, and secure the bicycle by locking both the frame and the wheels in a secure area.
The robustness and longevity of cycle locks is one of their key benefits. They are a powerful deterrent against thieves because of the hardened steel that was utilized in their construction, which makes them extremely difficult to cut or break. In addition, they are rather small and light, which makes them convenient to transport while not in use.
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Market Segmental Analysis
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Market Competitive Outlook
Kryptonite (The U.S), ABUS (Germany), OnGuard (Netherlands), Blackburn (UK), Master Lock (The U.S), TiGr (The U.S), Pitlock (The U.S), Spybike (Germany), Hiplok (UK), and LATTIS (The U.S).
By Types
U-locks
Chain Locks
Folding Locks
Cable Locks
Others
By Applications
OEM
Aftermarket
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