Cylindrical Door Lock Market
Cylindrical Door Lock Market Size, Share & Trends Analysis Report by Type (Deadbolt, Lever handles, Padlock, and Digital lock), by Product (Smart Cylindrical Door Lock and Non-Smart Cylindrical Door Lock), by Connecting Technology (Wi-Fi, Bluetooth, and ZigBee), and by Application (Residential, and Commercial) Forecast Period (2024-2031)
Cylindrical door lock market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2024-2031).The cylindrical door lock is a specially designed lock that goes through the door, this unique specialty of the lock makes it different from other types of locks. These locks consist of a lock chassis, a separate latch bolt, operable trim (either levers or knobs), and roses behind the trim. For keyed functions, the cylinder is located within the lever or knob. Conventional cylinders require complete removal of the lock to retrieve the cylinder for re-keying.
Market Dynamics
Rising Security Concerns Drive Growth of the Cylindrical Lock Market
The growth of the cylindrical lock market is fueled by the growing awareness regarding the importance of home and property security, Additionally, the market benefits from its ability of manufacturers to provide versatile security solutions for both residential and commercial sectors, offering features like anti-theft options, user-friendly operation, and even integration with interior design through lock applications.
Emerging Opportunities for Growth in the Cylindrical Lock Industry
The significant rise in online sales channels, innovative designs that incorporate new styles and technologies, and strategic partnerships with the security and safety sector is anticipated to offer lucrative opportunities to the global market growth. For instance, in October 2023, Netatmo has launched its first smart lock, offering a range of functionalities geared towards user convenience and security. Users can unlock the door utilizing either a dedicated Smart Key or their smartphone app. By capitalizing on these opportunities, cylindrical lock manufacturers can unlock further growth potential worldwide.
Market Segmentation
Our in-depth analysis of the global cylindrical door lock market includes the following segments by type, product, connecting technology, and application:
- Based on type, the market is sub-segmented into deadbolt, lever handles, padlock, and digital lock.
- Based on the product, the market is bifurcated into smart cylindrical door locks, and non-smart cylindrical door locks.
- Based on Connecting Technology, the market is augmented into Wi-Fi, Bluetooth, and ZigBee
- Based on application, the market is split into residential and commercial. Commercial includes government, retail, and hospitality.
Commercial Sector Drives Growth in the Cylindrical Door Lock Market
Based on the application, the global cylindrical door lock market is sub-segmented into residential and commercial. Among these, the commercial sub-segment is expected to hold the largest share of the market. The industry has been rapidly adopting smart cylindrical door locks to meet consumer’s growing security needs. The increasing in-room security,and needs of the hospitality, retail, and government agencies are expected to drive the widespread use of these keyless entry systems in the coming years. Market leaders also aim to provide inventive solutions to these sectors.
For instance, in August 2023, Aqara launched SMART LOCK U200. This lock is designed to allow people to easily add keyless entry to their existing doors. The U200 is the first Aqara smart lock to use Matter-over-Thread, which means it will be compatible with a wide range of smart home systems and devices. Users can unlock the U200 with an Aqara NFC card, certain NFC-enabled smartphones, or by using their fingerprint, PIN code, or mobile app.
Smart Lock Sub-segment is Expected to Grow Over the Coming Years
An increase in the use of security-based products, rise in awareness for unique and easy-to-use technology, low battery requirements, and increase in adoption of cloud-based mobile applications are all contributing to the growth of this market segment. The geographic expansion of businesses and rapidly changing business models are anticipated to pave the way for multiple opportunities in the industry.
Regional Outlook
The global cylindrical door lock market is further segmented based on geography including North America (The US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
APEC Rising Commercial Sector to Pave Way For Asia-Pacific Market Development
- The Asia-Pacific region is anticipated to exhibit considerable growth in the global cylindrical lock market. This remarkable ascent is fueled by a combination of factors, including robust economic growth, rapid urbanization, and an increased focus on security across diverse sectors.
- In rapidly developing countries like China and India, burgeoning construction and infrastructure projects have generated substantial demand for high-quality door security solutions, including cylindrical locks. The residential and commercial sectors in these countries are witnessing a surge in construction activities, creating a significant market for door hardware, with cylindrical locks playing a pivotal role.
- Furthermore, the increasing middle-class population and rising income levels in the Asia-Pacific region have driven consumer spending on home and property security. As security awareness grows, the demand for reliable and technologically advanced cylindrical locks is escalating. This region's dominance is expected to persist, driven by the sustained growth of the construction and real estate sectors, coupled with a strong commitment to enhancing security measures
Global Cylindrical Door Lock Market Growth by Region 2024-2031
North America Holds Major Market Share
North America dominated the global cylindrical door lock market with a major share in 2023. The regional growth can be attributed to the extensive technology adoption and rapid expansion of smart homes in the US. In the U.S., millennials have a strong preference for home automation and are prepared to spend more on cutting-edge goods. As the usage of smartphones and the Internet grows, more end users such as government offices, hospitals, and educational institutions are adopting these sophisticated technologies, driving significant expansion in the regional market over the forecast period.
Furthermore, the market is anticipated to witness a significant increase in household demand to stop invasion and unauthorized access Moreover, the US government's efforts to create smart cities and the increased emphasis on implementing intelligent technologies to raise living conditions offer creative lock suppliers enormous growth potential. In March 2023, HavenLock Inc., a U.S. door lock company, launched the Power G version of its smart locking system, which is suitable for use in businesses and schools. Such product launches are further aiding to the regional market growth.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global cylindrical door lock market include ASSA ABLOY, Dormakaba Group, Allegion, Avent Security, Honeywell, and Masterlock among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in September 2023, ASSA ABLOY, a global leader in access solutions, acquired Securitech Group Inc., a leading provider of mechanical & electronic door hardware products, to strengthen its position in developed markets with complementary products and solutions. With this acquisition, ASSA enhanced its offering in the critical infrastructure, education, and government sectors.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cylindrical door lock market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Panasonic Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. ASSA ABLOY
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Samsung Electronics Co. Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Cylindrical Door Lock Market by Type
4.1.1. Deadbolt
4.1.2. Lever handles
4.1.3. Padlock
4.1.4. Digital locks
4.2. Global Cylindrical Door Lock Market by Product
4.2.1. Smart Cylindrical Door Lock
4.2.2. Non-Smart Cylindrical Door Lock
4.3. Global Cylindrical Door Lock Market by Connecting Technology
4.3.1. Wi-Fi technology
4.3.2. Bluetooth technology
4.3.3. ZigBee technology
4.4. Global Cylindrical Door Lock Market by Application
4.4.1. Residential
4.4.2. Commercial
4.4.2.1. Government
4.4.2.2. Retail
4.4.2.3. Hospitality
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Allegion
6.2. Kwikset?Spectrum?
6.3. Kaba Group
6.4. Baldwin Hardware
6.5. Alarm Lock
6.6. ABUS
6.7. American Security Products Co.
6.8. The Eastern Company
6.9. Master Lock
6.10. Stanley Security Solutions
6.11. Weslock
6.12. AMMA
6.13. August
6.14. Codelocks
6.15. Liberty Safe and Security Products
6.16. LockeyUSA Inc
6.17. Achie
6.18. Guangdong Hutlon Technology Co.,LtdGuangdong Be-Tech Security Systems Limited
6.19. DESSMANN
6.20. Lockitron
6.21. Kaadas
6.22. Zhongshan Yinghua Lock Industry
6.23. Techlicious
6.24. Okidokeys
6.25. Adel
6.26. Jiangmen KEYU Intelligence Co, ltd
1. GLOBAL CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
2. GLOBAL DEAD BOLT FOR CYLINDRICAL DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL LEVER HANDLES FOR CYLINDRICAL DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL PADLOCK FOR CYLINDRICAL DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL DIGITAL LOCK FOR CYLINDRICAL DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
7. GLOBAL CYLINDRICAL DOOR SMART LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL CYLINDRICAL DOOR NON-SMART LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY CONNECTING TECHNOLOGY, 2023-2031 ($ MILLION)
10. GLOBAL WI-FI TECHNOLOGY IN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL BLUETOOTH TECHNOLOGY IN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL ZIGBEE TECHNOLOGY IN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
14. GLOBAL CYLINDRICAL DOOR LOCK FOR RESIDENTIAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL CYLINDRICAL DOOR LOCK FOR COMMERCIAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. NORTH AMERICAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
18. NORTH AMERICAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
19. NORTH AMERICAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
20. NORTH AMERICAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY CONNECTING TECHNOLOGY, 2023-2031 ($ MILLION)
21. NORTH AMERICAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
22. EUROPEAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. EUROPEAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
24. EUROPEAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
25. EUROPEAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY CONNECTING TECHNOLOGY, 2023-2031 ($ MILLION)
26. EUROPEAN CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
27. ASIA-PACIFIC CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
28. ASIA-PACIFICCYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
29. ASIA-PACIFIC CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
30. ASIA-PACIFIC CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY CONNECTING TECHNOLOGY, 2023-2031 ($ MILLION)
31. ASIA-PACIFIC CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
32. REST OF THE WORLD CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
33. REST OF THE WORLD CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
34. REST OF THE WORLD CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
35. REST OF THE WORLD CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY CONNECTING TECHNOLOGY, 2023-2031 ($ MILLION)
36. REST OF THE WORLD CYLINDRICAL DOOR LOCK MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL CYLINDRICAL DOOR LOCK MARKETSHARE BY TYPE, 2023 VS 2031 (%)
2. GLOBAL DEADBOLT LOCK FOR CYLINDRICAL DOOR MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL LEVER HANDLES LOCK FOR CYLINDRICAL DOOR MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL PADLOCK LOCK FOR CYLINDRICAL DOOR MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL DIGITAL LOCK FOR CYLINDRICAL DOOR MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL CYLINDRICAL DOOR LOCK MARKET SHARE BY PRODUCT, 2023 VS 2031 (%)
7. GLOBAL CYLINDRICAL DOOR SMART LOCK MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL CYLINDRICAL DOOR NON-SMART LOCK MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL CYLINDRICAL DOOR LOCK MARKET SHARE BY CONNECTING TECHNOLOGY, 2023 VS 2031 (%)
10. GLOBAL WI-FI TECHNOLOGY IN CYLINDRICAL DOOR LOCK MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL BLUETOOTH TECHNOLOGY INCYLINDRICAL DOOR LOCK MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL ZIGBEE TECHNOLOGY IN CYLINDRICAL DOOR LOCK MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL CYLINDRICAL DOOR LOCK MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
14. GLOBAL CYLINDRICAL DOOR LOCK FOR RESIDENTIAL DOOR LOCK MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL CYLINDRICAL DOOR LOCK FOR COMMERCIAL DOOR LOCK MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL CYLINDRICAL DOOR LOCK MARKETSHARE BY REGION, 2023 VS 2031 (%)
17. US CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
18. CANADA CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
19. UK CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
20. FRANCE CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
21. GERMANY CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
22. ITALY CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
23. SPAIN CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
24. REST OF EUROPE CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
25. INDIA CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
26. CHINA CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
27. JAPAN CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
28. SOUTH KOREA CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
29. REST OF ASIA-PACIFIC CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
30. LATIN AMERICA CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
31. MIDDLE EAST AND AFRICA CYLINDRICAL DOOR LOCK MARKET SIZE, 2023-2031 ($ MILLION)
