Research Outline

Healthcare & Transportation Locks Industry


To understand the key manufacturers, market segmentation, and demand drivers of the healthcare and transportation locks market (includes both mechanical and electronic locks) to develop a commercial growth strategy. The transportation segment includes road, rail, sea, and air shipping of commercial cargo as well as any personal-use locks during transportation such as locking the gun box on a pick-up truck or trailer. The healthcare segment includes both healthcare providers and pharmacies.

Early Findings

  • "In the United States, cargo theft is estimated to cost customers approximately $15 billion."

Assa Abloy

  • Abloy USA (Assa Abloy) is a leader in cargo security solutions in the US.
  • North America accounts for 44% of Assa Abloy's global sales.
  • The company achieved sales of $4,387 million (36,972 M SEK) in 2019.
  • Aftermarket growth for the company "was driven by upgrades from mechanical to electromechanical across several vertical markets."
  • "Electromechanical products grew by 38% and mechanical solutions grew by 14%" in 2019.
  • The company is increasing its focus on the logistics segment.