Child Safety Lock Market Report 2024

This Child Safety Lock industry report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

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 during the historic period can be attributed to several factors, including increasing parental awareness about child safety, higher rates of child injuries at home, more stringent safety regulations, advancements in lock technology, a 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 projected growth during the forecast period can be attributed to several factors, including advancements in smart home technology, heightened concerns about child care, a growing focus on eco-friendly products, increasing adoption of home automation systems, and rising demand for baby safety products. Major trends expected in this period include the integration of child safety locks with smart home technology, greater adoption of eco-friendly and sustainable materials, innovative designs that work with home automation systems, advancements in durable and tamper-resistant technology, and the development of DIY-friendly child safety locks.

The rise in the working women population is expected to drive the growth of the child safety lock market. Working women are individuals engaged in paid employment while balancing career and personal responsibilities. This increase is attributed to better educational opportunities, changing social norms, and improved workplace policies that support gender equality. Child safety locks help mitigate household hazards and are easy to install, making them a convenient solution for working women who need to secure their homes quickly. These locks offer peace of mind by reducing stress and enhancing overall well-being. For example, the Bureau of Labor Statistics reported that 74% of working mothers with children under 18 were employed in 2023, an increase of 1.1 percentage points from the previous year. Consequently, the growing population of working women is driving the expansion of the child safety lock market.

Leading companies in the child safety lock market are focusing on developing advanced products, such as magnetic cabinet locks, to enhance safety, simplify installation, and improve childproofing. A magnetic cabinet lock is a child safety device that uses a magnetic mechanism to secure cabinet doors and drawers. It consists of a magnetic key and a lock that stays engaged until the key is used to release it, keeping children out while allowing easy access for adults. For instance, in June 2024, Camden Door Controls, a Canada-based manufacturer of high-quality door activation and locking products, introduced the CX-EPD0009 Magnetic Cabinet Lock. This lock features an ultra-compact design, providing reliable security for various enclosures such as computer cabinets, freezers, lockers, and retail display counters. It operates on 12V or 24V and offers a holding force of 440 lbs (200 kg). Additionally, it is water-resistant, making it suitable for both indoor and outdoor use, and can withstand up to 5 pounds of preload pressure without binding, facilitating easy installation and operation.

In October 2023, ASSA ABLOY, a Sweden-based company specializing in access solutions, acquired Securitech Group Inc. for an undisclosed amount. This acquisition aims to enhance ASSA ABLOY's position in mature markets by adding complementary high-security products and solutions to its door hardware portfolio. The deal will enable ASSA ABLOY to better serve sectors such as education, critical infrastructure, government, and behavioral health, which require robust security solutions. Securitech Group Inc., based in the US, is known for its high-security door hardware, including safety locks for children and cabinet safety locks.

Major companies operating in the child safety lock 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.

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.

The countries covered in the child safety lock market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A child safety lock is a device designed to keep children away from potentially dangerous areas or items, thereby enhancing home safety and reducing the risk of accidents and injuries. These locks help protect children by securing harmful substances or objects.

The main types of child safety locks include magnetic cabinet locks, cord cabinet locks, sliding cabinet locks, and others. Magnetic cabinet locks utilize a magnetic catch and metal plate to securely fasten doors or drawers, preventing access by curious children and ensuring their safety. These locks are available through various distribution channels, including both offline and online platforms, and are used in a range of applications such as household settings, automobiles, and more.

The child safety locks market research report is one of a series of new reports that provides child safety locks market statistics, including child safety locks industry global market size, regional shares, competitors with child safety lock market share, detailed child safety locks market segments, market trends and opportunities, and any further data you may need to thrive in the child safety locks industry. This child safety locks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The child safety lock market consists of sales of mounting plates, screws and anchors, latches, and appliance locks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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