Market Size – The child safety lock market size has grown strongly in recent years. It will grow from $0.72 billion in 2023 to $0.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing parental awareness about child safety, higher rates of child injuries in the home, more stringent safety regulations, advancements in lock technology, the rising number of young families, and greater availability of affordable products.
The child safety lock market size is expected to see strong growth in the next few years. It will grow to $0.99 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to advancements in smart home technology, heightened concerns about child care, increasing focus on eco-friendly products, growing adoption of home automation systems, and rising demand for baby safety products. Major trends in the forecast period include integration with smart home technology, increasing adoption of eco-friendly and sustainable materials, innovative designs integrating with home automation systems, advancements in durable and tamper-resistant technology, and development in DIY-friendly child safety locks.
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Scope Of Child Safety Lock MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Child Safety Lock Market Overview
Market Drivers –The rise in the working women population is expected to propel the growth of the child safety lock market going forward. Working women are individuals who engage in paid employment across various fields while managing both their career and personal responsibilities. The increase in working women is attributed to better educational access, changing social norms, and enhanced workplace policies supporting gender equality. Child safety locks reduce risks from household hazards and are easy to install, helping working women secure their homes quickly. They provide career and family balance for working women by reducing stress and improving well-being. For instance, in April 2024, according to the Bureau of Labor Statistics, a US-based government agency, the percentage of working mothers with children under 18 was 74% in 2023, up by 1.1 percentage points from the prior year. Therefore, the rise in the population of working women is driving the growth of the child safety lock market.
Market Trends – Major companies operating in the child safety lock market are focused on developing advanced products, such as the magnetic cabin lock, to enhance safety, simplify installation, and improve childproofing. A magnetic cabinet lock is a child safety device with a magnetic mechanism to secure cabinet doors and drawers. It comprises a magnetic key and a lock that remains engaged until the key is used to release it, keeping children out while providing easy access for adults. For instance, in June 2024, Camden Door Controls, a Canada-based manufacturer of high-quality door activation, control, and locking products, launched the CX-EPD0009 Magnetic Cabinet Lock, a highly secure solution with an ultra-compact design. This lock provides reliable security for various enclosures, including computer cabinets, freezers, lockers, and retail display counters. The lock runs on 12V or 24V, with a holding force of 440 lbs (200 kg). It is water-resistant, making it excellent for use in both indoor and outdoor settings. Furthermore, the CX-EPD0009 can withstand up to 5 pounds of preload pressure without binding, facilitating installation and operation.
The child safety lock market covered in this report is segmented –
1) By Type: Magnetic Cabinet Locks, Cord Cabinet Locks, Sliding Cabinet Locks, Other Types
2) By Distribution Channel: Offline, Online
3) By Application: Household, Auotomobile, Other Applications
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Regional Insights – North America was the largest region in the child safety lock market in 2023. The regions covered in the child safety lock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Futaba Corporation, Evenflo Feeding Inc., Summer Infant (USA) Inc., Munchkin Inc., EZ Living Furniture, PRINCE LIONHEART (UK) LIMITED, BabyDan A/S, Diono LLC, Clevamama, Tee-Zed Products LLC, Cardinal Gates Inc., SKYLA HOMES LIMITED, Safety 1st, Mommy’s Helper Inc., Jool Products LLC, Eco-Baby, KisCords, Adoric, SYGA, KidDough, Roving Cove, BabyKeeps, Enovoe, Wappa Baby, Jambini
Table of Contents 1. Executive Summary2. Child Safety Lock Market Report Structure3. Child Safety Lock Market Trends And Strategies4. Child Safety Lock Market – Macro Economic Scenario5. Child Safety Lock Market Size And Growth…..27. Child Safety Lock Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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