Locker Market - Introduction

A locker is a storage compartment in which products are kept safely. Lockers are made from various materials such as aluminum, steel, plastic, wood, etc.

Demand for lockers has been on the rise due to change in lifestyle of people. Consumers have become more aware about safety and security of their valuables. For security purposes, consumers prefer electric lockers to keep their valuables such as money and jewelry safe.

Locker Market - Competitive Landscape

Spacesaver Corporation

Incorporated in 1963, Spacesaver Corporation is based in Wisconsin, United States and was formerly known as Staller Cabinets. The company offers various products such as high-density mobile shelving, day use lockers, evidence storage, filing cabinet storage, locker storage, metal shelving, modular storage, art racks, museum storage cabinets, nurse server (known as CoreStor), parachute storage, and weapons storage.

Industrial Manufacturing Company, LLC

Industrial Manufacturing Company, LLC was founded in 2005 in Ohio, United States. The company has more than 3,500 employees in 34 manufacturing countries. Penco is the brand of the company through which it sells lockers in the market.

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InterMetro Industries Corporation

Founded in 1929, InterMetro Industries Corporation is based in Pennsylvania, United States. The company was founded by Louis Maslow. The company manufactures over 30,000 products such as advanced polymer shelving, medical and special application carts, storage cabinets, heated cabinets, high-density shelving, wall storage systems, and stainless fabricated products. The company offers products to foodservice companies, healthcare, industrial sector, labs, and grocery stores.

Some of the key players operating in the global locker market include Industrial Manufacturing Company LLC, Dexion (Australia) Pty Ltd., Intermetro Industries Corporation, idX Corporation, Pather Plastics Canada Inc., Comany Inc., Shenzhen Wanruntong Building Materials Co. Ltd., Hufcor Inc., Kinnarps Ab, Dorma Hueppe Pty Ltd, Activar Inc., Spacesaver Corporation, Groupe Artitalia Inc, Universal Display And Fixture Company, Nanjing Inform Storage Equipment (Group) Co., Ltd., The Bobrick Corporation, Lyon Workspace Products LLC, and Mecalux México S.A. De C.V.

Locker Market – Dynamics

Increasing awareness about security

Demand for lockers has increased due to change in lifestyle of people. Consumers wish to keep their valuables safe. Increasing disposable income is also a factor driving the growth of the global locker market. Innovation has developed more secure and light weight lockers. Manufacturers are adding fingerprint technology in the locker systems to keep it more safe and secure.

Growth in construction and renovation of residential and commercial buildings

Increasing construction of commercial and residential buildings has enhanced the demand for lockers. Some companies prefer that employees keep their valuables in lockers. These lockers are widely used in fitness centers, healthcare, educational facilities, commercial, and industrial locations etc.

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Locker Market – Segmentation

The locker market can be bifurcated on the basis of:

  • Product
  • Type
  • Size
  • Application
  • Distribution Channel
  • Region

Locker Market Segmentation – By Product

Based on product, the locker market can be divided into:

  • Metal Lockers
  • Laminate Lockers
  • Wood Lockers
  • Plastic and Phenolic Lockers

Locker Market Segmentation – By Type

Based on type, the locker market can be divided into:

  • Electronic Lock
  • Manual Lock

Locker Market Segmentation – By Size

In terms of size, the locker market can be divided into:

  • 1 and 2 Tier
  • 3 and 4 Tier
  • More Than 4 Tier

Locker Market Segmentation – By Application

In terms of application, the locker market can be divided into:

  • Commercial
  • Residential

Locker Market Segmentation – By Distribution Channel

Based on distribution channel type, the locker market can be divided into:

  • Online
  • Offline
    • Supermarkets/ Hypermarkets
    • Specialty Stores
    • Departmental stores

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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