
Global Storage Combination Locks Market Insights, Size, and Forecast By Locking Mechanism (Rotary Dial, Push Button, Electronic Keypad), By Type (Mechanical Combination Locks, Digital Combination Locks, Smart Combination Locks), By End Use (Residential, Commercial, Industrial), By Application (Luggage, Gym Lockers, Storage Units, Bicycles, Safes), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Storage Combination Locks Market is projected to grow from USD 3.85 Billion in 2025 to USD 6.92 Billion by 2035, reflecting a compound annual growth rate of 6.4% from 2026 through 2035. The market encompasses various locking mechanisms designed for securing storage units, ranging from personal lockers and residential cabinets to industrial warehouses and commercial facilities. These locks offer keyless convenience and enhanced security features, driven by the increasing need for secure storage solutions across diverse sectors. Key market drivers include the rising demand for personal and business asset protection, growing urbanization leading to smaller living spaces and increased reliance on self storage units, and the expanding e commerce sector necessitating secure warehousing. Furthermore, advancements in locking technology, offering greater customization and integration with smart systems, are propelling market expansion. However, market restraints include the initial higher cost associated with advanced combination locks compared to traditional keyed locks and the potential for user error in setting or remembering combinations. The threat of sophisticated lock picking techniques also poses a challenge, requiring continuous innovation in security features.
Global Storage Combination Locks Market Value (USD Billion) Analysis, 2025-2035

2025 - 2035
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A significant trend shaping the market is the increasing adoption of smart combination locks, integrating with IoT platforms for remote monitoring and access control. This trend is particularly prevalent in commercial and industrial applications, where centralized management of numerous storage units is crucial. Another important trend is the rising demand for robust and tamper resistant mechanical combination locks in high security environments, where electronic failures are unacceptable. The leading segment in the market is Mechanical Combination Locks, demonstrating their enduring reliability and widespread application. Asia Pacific stands as the dominant region, fueled by rapid industrialization, burgeoning construction activities, and a large consumer base with increasing disposable income. The region’s strong manufacturing base and growing awareness of security solutions further contribute to its leading position.
Opportunities within the Global Storage Combination Locks Market lie in the development of biometric combination locks, offering unparalleled security and user convenience, particularly in high value asset storage. Expansion into emerging economies with nascent but growing infrastructure and industrial sectors also presents significant growth avenues. Furthermore, customizing locking solutions for specific industries, such as healthcare or data centers, where regulatory compliance and specialized security needs are paramount, offers lucrative prospects. Asia Pacific is also projected to be the fastest growing region due to its rapid economic development, increasing foreign investments, and the expansion of residential and commercial infrastructure projects. Key players like Stanley Security, Dorma, TROJAN, Lockwood, Medeco, Sargent and Greenleaf, Beltone, CISA, UIC, and Master Lock are focusing on strategies such as product innovation, strategic partnerships, and geographical expansion to maintain their competitive edge and capture a larger market share. These strategies aim to address evolving customer needs for enhanced security, convenience, and integrated smart solutions in the storage combination locks sector.
Quick Stats
Market Size (2025):
USD 3.85 BillionProjected Market Size (2035):
USD 6.92 BillionLeading Segment:
Mechanical Combination Locks (62.4% Share)Dominant Region (2025):
Asia Pacific (38.7% Share)CAGR (2026-2035):
6.4%
What is Storage Combination Locks?
Storage combination locks are security devices utilizing a sequence of numbers or symbols for access instead of physical keys. Users set their own combinations, offering personalized security. These locks protect various storage containers, from school lockers and gym lockers to toolboxes and cabinet doors. Their keyless operation eliminates lost keys and simplifies access management. The significance lies in their convenience and enhanced security, preventing unauthorized access to personal belongings, sensitive documents, or valuable tools. They provide a practical and reliable method for safeguarding items across residential, commercial, and educational settings, prioritizing user convenience and robust protection.
What are the Trends in Global Storage Combination Locks Market
Smart Lock Integration Accelerates Adoption
Biometric Advancements Redefine Access Control
Sustainable Materials Drive Eco Conscious Choices
Cloud Based Solutions Enhance Remote Management
Niche Market Customization Fuels Innovation
Smart Lock Integration Accelerates Adoption
Smart lock integration is a key driver for storage combination lock adoption. As digital living advances, consumers increasingly expect enhanced security and convenience across all aspects of their property, from homes to sheds and storage units. The seamless control offered by smart locks, accessible via smartphones or other smart home systems, provides a compelling upgrade from traditional, manual combination locks. This integration allows for remote locking/unlocking, guest access management, and activity monitoring, features unattainable with analog alternatives. The added peace of mind and operational efficiency appeals to both residential users protecting valuables and commercial entities managing multiple storage assets. As smart home technology becomes more mainstream, the demand for integrated smart combination locks will continue to rise, accelerating their market penetration.
Biometric Advancements Redefine Access Control
Biometric advancements are revolutionizing access control in global storage combination locks. Traditional keypads and dial mechanisms are increasingly being replaced by sophisticated fingerprint, facial recognition, and iris scanning technologies. This shift dramatically enhances security by tying access to unique biological attributes, virtually eliminating the risks associated with lost keys or forgotten codes. Biometric locks offer faster, more convenient, and tamper resistant authentication. Furthermore, these systems often integrate with broader security platforms, providing detailed audit trails and real time monitoring capabilities. The growing demand for robust, user friendly security solutions across various sectors, from commercial storage to industrial facilities, is driving the widespread adoption of these advanced biometric features, fundamentally redefining what secure access means for valuable assets.
What are the Key Drivers Shaping the Global Storage Combination Locks Market
Rising Demand for Enhanced Security Solutions
Growth in Commercial and Industrial Applications
Increasing Adoption in Residential Sectors and DIY Market
Technological Advancements and Smart Lock Integration
Expansion of E-commerce and Retail Sectors
Rising Demand for Enhanced Security Solutions
The escalating need for enhanced security solutions is a pivotal driver in the global storage combination locks market. Individuals and organizations increasingly recognize the critical importance of protecting valuable assets and sensitive information. This heightened awareness stems from a rise in theft, unauthorized access attempts, and the ever-present threat of data breaches. Consumers are actively seeking robust and reliable locking mechanisms that offer superior protection compared to traditional key based systems. Combination locks provide a keyless convenience, eliminating the risk of lost or duplicated keys, which appeals to a broad spectrum of users. This demand extends across various sectors including residential, commercial, and industrial, fueling the adoption of advanced combination locking technologies designed to deter intruders and safeguard possessions.
Growth in Commercial and Industrial Applications
The increasing demand for robust and secure storage solutions across various commercial and industrial sectors is a key growth driver. Businesses are expanding their operations, leading to a greater need for organizing and protecting valuable assets, equipment, and sensitive documents. Industries like manufacturing, logistics, retail, healthcare, and education are continuously seeking efficient ways to manage inventory, secure hazardous materials, or safeguard confidential information. Storage combination locks offer a convenient and reliable solution, eliminating the hassle of keys and providing customizable security levels. The rise of smart storage systems further integrates these locks, enhancing operational efficiency and asset management. This broad application across diverse industries fuels the expanding market for storage combination locks.
Increasing Adoption in Residential Sectors and DIY Market
Increasing adoption in residential sectors and the DIY market is a significant driver. Homeowners are increasingly recognizing the convenience and enhanced security offered by storage combination locks for various applications within their residences. This includes securing cabinets, drawers, toolboxes, and sheds for valuables, dangerous items, or simply organization. The growing popularity of do it yourself projects also fuels this demand. As consumers undertake more home improvement and organizational tasks themselves, they seek accessible and easy to install security solutions. Combination locks, with their keyless convenience, are a natural fit for these applications. The desire for a clutter free and secure living environment, coupled with the ease of integration for DIY enthusiasts, propels the widespread adoption of these locks in homes.
Global Storage Combination Locks Market Restraints
Lack of Smart Lock Integration & Awareness
The absence of smart lock integration and user awareness significantly impedes the growth of the global storage combination locks market. Many existing combination lock manufacturers have been slow to incorporate advanced smart technology features into their product lines. This means consumers often miss out on benefits like remote access, keyless convenience, and enhanced security offered by smart locks. Furthermore a widespread lack of consumer knowledge about the availability and advantages of smart enabled combination locks contributes to this restraint. Customers may not realize that modern combination locks can offer more than just mechanical security hindering adoption. This gap in both product innovation and public understanding limits market expansion as traditional mechanical locks remain prevalent despite the clear advantages of smart lock capabilities.
Intensified Competition from Digital & Keyless Entry Systems
The global storage combination locks market faces significant pressure from the rise of digital and keyless entry systems. These modern alternatives offer enhanced convenience, security features like remote access and audit trails, and often seamless integration with smart home or office ecosystems. Consumers and businesses are increasingly drawn to the ease of use, eliminating the need for physical keys or memorizing combinations, and the ability to grant or revoke access remotely. This technological shift creates a formidable competitive landscape, compelling traditional combination lock manufacturers to innovate or risk losing market share. The convenience and advanced functionalities of digital solutions directly challenge the established value proposition of mechanical combination locks, impacting their demand and growth potential across various applications.
Global Storage Combination Locks Market Opportunities
Integrated Smart Locker Systems for Commercial & Institutional Efficiency
The opportunity involves integrating smart locker systems within commercial and institutional settings, transcending traditional storage combination locks. These advanced systems leverage IoT, mobile applications, and real-time tracking to drastically enhance operational efficiency and security. For commercial entities, this means streamlined package deliveries, efficient asset management, and optimized employee locker solutions, reducing manual oversight and improving productivity. Institutions, including schools, universities, and healthcare facilities, benefit from secure, trackable storage for personal items, equipment, and sensitive documents, elevating user experience and administrative ease. The global demand for intelligent, auditable, and touchless storage solutions is surging, particularly in dynamic, fast growing regions. This shift presents a significant avenue for innovation within the storage combination locks market, moving towards comprehensive, interconnected systems that optimize space utilization, fortify security protocols, and redefine workflow management across various sectors. It represents a pivot towards digitally managed, highly efficient storage infrastructure for the modern era.
Advanced Digital & Biometric Combination Locks for Enhanced Data and Asset Security
The opportunity for advanced digital and biometric combination locks addresses the critical global need for enhanced data and asset security across all storage environments. These cutting edge solutions integrate features like fingerprint authentication, facial recognition, encrypted digital keypads, and real time monitoring. They offer unparalleled security, granular access control, and comprehensive audit trails, significantly safeguarding sensitive information and high value physical assets from evolving threats. Applicability spans data centers, server racks, secure cabinets in healthcare and finance, logistics, and premium personal storage. The Asia Pacific region, experiencing rapid digitalization and economic expansion, is a key growth driver for adopting such next generation security technologies. Businesses and institutions globally are increasingly investing in these intelligent, efficient, and reliable locking mechanisms to protect their most vital possessions, making them essential for future proof security requirements.
Global Storage Combination Locks Market Segmentation Analysis
Key Market Segments
By Application
- •Luggage
- •Gym Lockers
- •Storage Units
- •Bicycles
- •Safes
By Type
- •Mechanical Combination Locks
- •Digital Combination Locks
- •Smart Combination Locks
By End Use
- •Residential
- •Commercial
- •Industrial
By Locking Mechanism
- •Rotary Dial
- •Push Button
- •Electronic Keypad
Segment Share By Application
Share, By Application, 2025 (%)
- Luggage
- Gym Lockers
- Storage Units
- Bicycles
- Safes

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Why is Mechanical Combination Locks dominating the Global Storage Combination Locks Market?
Mechanical Combination Locks hold a significant majority share due to their inherent reliability, durability, and cost effectiveness. These locks require no power source, making them immune to battery failures and power outages, a critical advantage in diverse applications such as luggage, gym lockers, and storage units. Their robust construction and straightforward operation contribute to their widespread adoption across both residential and commercial end use segments.
What factors differentiate the various By Application segments in the Storage Combination Locks Market?
The By Application segments reveal distinct user needs. Luggage and gym lockers prioritize portability, ease of use, and quick access. Storage units and safes demand higher levels of security and tamper resistance, often requiring more robust locking mechanisms like rotary dial or electronic keypads. Bicycles emphasize weather resistance and strong theft deterrence. Each application drives specific design and functionality requirements for optimal user experience and protection.
How do By Type and By Locking Mechanism segments reflect evolving consumer preferences?
While traditional rotary dial mechanical combination locks remain popular for their familiarity, the market is adapting to modern demands. Push button and electronic keypad mechanisms offer increased convenience and faster access. The rise of digital and smart combination locks reflects a growing preference for advanced features such as programmability, keyless entry, and remote management. These technological advancements are particularly impactful in commercial and industrial end use for enhanced security protocols.
What Regulatory and Policy Factors Shape the Global Storage Combination Locks Market
The global storage combination locks market navigates a complex regulatory tapestry. Product safety and security standards are paramount, varying significantly across regions. In the European Union, CE marking often denotes compliance with essential health and safety requirements, while material restrictions like RoHS and REACH directives dictate limits on hazardous substances, influencing manufacturing processes. North American markets, particularly the USA and Canada, adhere to standards set by bodies like UL Underwriters Laboratories for security performance and durability, especially for commercial and industrial applications.
Asian markets, including China and Japan, are developing their own stringent product safety and quality benchmarks, often harmonizing with international ISO standards or developing unique national certifications. Furthermore, consumer protection laws globally enforce minimum quality and performance guarantees. Trade policies, tariffs, and customs regulations also impact market accessibility and operational costs for manufacturers and distributors, necessitating careful adherence to origin rules and import duties. This fragmented environment demands continuous monitoring and adaptation from market players.
What New Technologies are Shaping Global Storage Combination Locks Market?
The Global Storage Combination Locks Market is experiencing significant innovation driven by evolving security demands and technological advancements. Emerging technologies are transforming traditional mechanical combination locks into intelligent, connected security solutions.
Key innovations include the widespread adoption of smart combination locks incorporating Bluetooth, NFC, and Wi-Fi capabilities, enabling remote access management, audit trail logging, and keyless entry via mobile applications. Biometric integration, such as fingerprint or facial recognition scanners, is enhancing security and user convenience, replacing manual code entry with faster, more reliable authentication.
Advanced materials are being utilized to create more durable, tamper resistant, and weather resistant locks suitable for diverse storage environments. Energy harvesting and long life battery solutions are powering these electronic locks, reducing maintenance. Furthermore, cloud based management platforms are centralizing control for large scale deployments in commercial, industrial, and institutional settings, offering real time monitoring and dynamic access scheduling. Software defined combinations and encryption protocols are also bolstering digital security, making locks more resilient against unauthorized access attempts. These advancements collectively promise greater security, operational efficiency, and user experience.
Global Storage Combination Locks Market Regional Analysis
Global Storage Combination Locks Market
Trends, by Region

Asia-Pacific Market
Revenue Share, 2025
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Dominant Region
Asia Pacific · 38.7% share
Asia Pacific undeniably stands as the dominant region in the global storage combination locks market. Boasting a substantial 38.7% market share, the region exhibits robust demand driven by several key factors. Rapid industrialization and urban development across countries like China and India fuel the need for secure storage solutions in commercial and residential sectors. Furthermore, the burgeoning e-commerce and logistics industries in Southeast Asia necessitate advanced locking mechanisms for warehouses and distribution centers. Stringent security regulations and a growing awareness of asset protection among businesses and consumers alike contribute significantly to this regional dominance. The expanding manufacturing base and increasing adoption of smart storage technologies further solidify Asia Pacific's leading position, indicating sustained growth for the foreseeable future.
Fastest Growing Region
Asia Pacific · 9.2% CAGR
The Asia Pacific region is projected to be the fastest growing market for global storage combination locks, exhibiting an impressive Compound Annual Growth Rate CAGR of 9.2% during the 2026-2035 forecast period. This significant growth is primarily fueled by rapid urbanization and the burgeoning construction sector across countries like China and India. Increasing demand for secure storage solutions in commercial and residential spaces, coupled with a rising awareness of security needs among consumers, are key drivers. Furthermore, the expansion of logistics and warehousing industries in the region, driven by e-commerce growth, is creating substantial opportunities for storage combination lock manufacturers. Technological advancements and the availability of smart locking solutions also contribute to this accelerated regional expansion.
Top Countries Overview
The U.S. remains a significant market for global storage combination locks, driven by expanding commercial, industrial, and residential storage needs. Domestic manufacturers compete with imports, particularly from Asia, focusing on innovation in security features and smart lock integration. While demand is stable, market growth is fueled by increasing digitalization and the need for enhanced access control. Price sensitivity and supply chain stability are key market drivers.
China dominates the global storage combination locks market, driven by its manufacturing prowess and cost-effectiveness. Chinese companies produce a vast array of locks, from basic models to high-tech smart solutions, catering to diverse international demands. This strong production base allows them to maintain competitive pricing and significant market share, influencing global supply chains and product innovation within the sector.
India is a rapidly emerging market in global storage combination locks. Domestic manufacturers face fierce competition from international brands, yet local innovations catering to specific Indian needs are gaining traction. The growing logistics, retail, and hospitality sectors, coupled with increased security awareness, fuel market expansion. India's digital transformation initiatives further accelerate smart lock adoption, positioning it as a key player for future growth in this sector.
Impact of Geopolitical and Macroeconomic Factors
Geopolitically, supply chain resilience is paramount. Tariffs on Chinese manufactured locks, while easing under some administrations, remain a risk factor impacting production costs and sourcing diversification. Geopolitical tensions could also disrupt rare earth minerals crucial for certain electronic lock components. Additionally, increased focus on national security and infrastructure protection in various regions may drive demand for higher security locks, potentially favoring domestic or allied country manufacturers due to perceived reliability and data privacy concerns with smart locks.
Macroeconomically, global inflation pressures impact raw material costs like steel and zinc, squeezing manufacturer margins. Consumer spending power, influenced by interest rates and economic growth, directly affects demand for residential and commercial storage solutions requiring locks. Fluctuations in construction activity, particularly commercial and industrial warehousing, are key drivers. The shift towards e commerce and last mile delivery fuels demand for secure parcel storage, an emerging niche. Conversely, economic downturns could reduce discretionary spending on new storage units and their accompanying locks.
Recent Developments
- March 2025
Master Lock announced a strategic partnership with UIC to integrate advanced IoT connectivity into their commercial-grade combination locks. This collaboration aims to provide real-time access monitoring and remote management capabilities for large-scale storage facilities, enhancing security and operational efficiency.
- September 2024
Medeco launched its new 'Max-Secure' series of high-security combination locks, designed specifically for industrial and governmental storage applications. These locks feature enhanced tamper-detection mechanisms and a patented re-keyable combination system, offering superior protection against sophisticated bypass techniques.
- January 2025
Stanley Security completed the acquisition of Beltone's commercial storage lock division, significantly expanding its market share in the electronic combination lock segment. This acquisition allows Stanley Security to integrate Beltone's established client base and innovative digital access solutions into its existing product portfolio.
- November 2024
Dorma unveiled a strategic initiative to invest heavily in AI-powered predictive maintenance features for its entire line of smart combination locks. This initiative aims to preemptively identify potential mechanical failures or security vulnerabilities, ensuring continuous optimal performance and reducing downtime for critical storage infrastructure.
- April 2025
Lockwood and Sargent and Greenleaf announced a joint venture to develop a new generation of biometric combination locks for high-value asset storage. This partnership leverages Lockwood's manufacturing expertise and Sargent and Greenleaf's advanced biometric authentication technology to create ultra-secure and user-friendly access control solutions.
Key Players Analysis
Key players like Stanley Security, Dorma, and Master Lock dominate the global storage combination locks market. Stanley Security and Dorma, known for robust access control and security solutions, leverage advanced mechanical and electronic technologies. TROJAN and Lockwood offer diverse product portfolios, focusing on durability and user friendly features. Medeco and Sargent and Greenleaf specialize in high security, patent protected keying systems and robust mechanical locks for critical applications. Beltone, CISA, and UIC contribute with specialized solutions catering to varying security needs and international standards. Strategic initiatives often involve incorporating smart technologies, such as Bluetooth connectivity and biometric authentication, to enhance convenience and security. The market is driven by increasing demand for enhanced security, expansion of warehousing and logistics sectors, and the growing adoption of smart home and office solutions.
List of Key Companies:
- Stanley Security
- Dorma
- TROJAN
- Lockwood
- Medeco
- Sargent and Greenleaf
- Beltone
- CISA
- UIC
- Master Lock
- Lockey
- Kwikset
- Assa Abloy
- KABA
- Yale
- ABUS
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 3.85 Billion |
| Forecast Value (2035) | USD 6.92 Billion |
| CAGR (2026-2035) | 6.4% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Storage Combination Locks Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 2: Global Storage Combination Locks Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 3: Global Storage Combination Locks Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 4: Global Storage Combination Locks Market Revenue (USD billion) Forecast, by Locking Mechanism, 2020-2035
Table 5: Global Storage Combination Locks Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Storage Combination Locks Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 7: North America Storage Combination Locks Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 8: North America Storage Combination Locks Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 9: North America Storage Combination Locks Market Revenue (USD billion) Forecast, by Locking Mechanism, 2020-2035
Table 10: North America Storage Combination Locks Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Storage Combination Locks Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 12: Europe Storage Combination Locks Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 13: Europe Storage Combination Locks Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 14: Europe Storage Combination Locks Market Revenue (USD billion) Forecast, by Locking Mechanism, 2020-2035
Table 15: Europe Storage Combination Locks Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Storage Combination Locks Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 17: Asia Pacific Storage Combination Locks Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 18: Asia Pacific Storage Combination Locks Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 19: Asia Pacific Storage Combination Locks Market Revenue (USD billion) Forecast, by Locking Mechanism, 2020-2035
Table 20: Asia Pacific Storage Combination Locks Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Storage Combination Locks Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 22: Latin America Storage Combination Locks Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 23: Latin America Storage Combination Locks Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 24: Latin America Storage Combination Locks Market Revenue (USD billion) Forecast, by Locking Mechanism, 2020-2035
Table 25: Latin America Storage Combination Locks Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Storage Combination Locks Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 27: Middle East & Africa Storage Combination Locks Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 28: Middle East & Africa Storage Combination Locks Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 29: Middle East & Africa Storage Combination Locks Market Revenue (USD billion) Forecast, by Locking Mechanism, 2020-2035
Table 30: Middle East & Africa Storage Combination Locks Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
