Market Overview:
The global cylindrical locks market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for security and safety solutions in the commercial, industrial, and residential sectors. Additionally, the growing awareness about advanced locking systems among consumers is also propelling the growth of this market. The cylindrical locks market can be segmented on the basis of type into knob locksets and lever locksets. The knob lockset segment dominated the global cylindrical locks market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their low cost as compared to lever locksets and their easy installation process.
Product Definition:
A cylindrical lock is a type of lock that uses a rotating cylinder to lock and unlock the door. The key inserts into the cylinder and when turned, rotates the pins inside the cylinder to the correct position allowing the door to be opened. Cylindrical locks are commonly used on residential doors and are considered more secure than traditional deadbolt locks.
Knob Locksets:
Knob locksets are cylindrical with a series of knurled or grip-able surfaces on the outer surface. These cylindrical items can be used as a substitute to conventional key locking systems in situations where it is not desirable to provide access to unauthorized persons.
Lever Locksets:
Lever locksets are used in cylindrical locks to provide a lever-based mechanism for opening and closing the lock. They consist of a handle, which is turned by hand or with the help of a key, and an internal spherical or cylindrical movement that is activated by pushing down on the handle. The most common type of lever lock consists of two metal plates joined by a hinge; this arrangement provides leverage points to enable manipulation with fewer effort than using just one hand.
Application Insights:
The commercial application segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the increasing construction activities and industrialization in developing countries, such as China, India and Brazil. Furthermore, growing infrastructural developments across key regions are expected to augment product demand over the forecast period.
The residential application segment is projected to witness significant growth over the forecast period owing to rising consumer spending on home remodeling projects that include installing cylindrical locksets as part of a complete door assembly replacement or upgrade project undertaken by consumers at homes or apartments buildings with existing knob/ lever deadbolt lock sets installed by previous owners.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the increasing construction activities in emerging economies such as China and India. The Asia Pacific region accounted for more than 35% of global construction spending in 2016, according to the World Bank Group. The growing demand for security devices from commercial sector is also expected to drive product demand over the next eight years.
North America was one of the largest markets with a revenue share of more than 25% in 2017 owing to high acceptance level coupled with relatively higher pricing compared to other regions. However, sluggish growth rate witnessed by this region since 2014 has hampered its market expansion prospects considerably; however, steady economic recovery will help it gain traction once again during 2018-2022 period.
Europe was estimated at USD X million in 2017 and is projecteded grow at a CAGR of XX% from 2018 till 2030 due primarily increase residential lock sales across Germany and U.K.
Growth Factors:
- Increasing demand for security and safety measures in both residential and commercial establishments is expected to drive the cylindrical locks market growth.
- Growing awareness about the benefits of using cylindrical locks over traditional locking systems is anticipated to fuel the demand for these locks during the forecast period.
- The increasing installation of smart home systems is projected to create opportunities for the cylindrical locks market growth in near future.
- Rising trend of keyless entry systems is also expected to favor the adoption of cylindrical locks, thereby propelling market expansion during forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cylindrical Locks Market Research Report
By Type
Knob Locksets, Lever Locksets
By Application
Commercial, Industrial, Residential, Others
By Companies
DORMA, Master Lock, PDQ, Corbin Russwin, Medeco, STANLEY, BEST, ASSA ABLOY Group, Kwikset, Lockwood Industries Inc, DORMA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Cylindrical Locks Market Report Segments:
The global Cylindrical Locks market is segmented on the basis of:
Types
Knob Locksets, Lever Locksets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DORMA
- Master Lock
- PDQ
- Corbin Russwin
- Medeco
- STANLEY
- BEST
- ASSA ABLOY Group
- Kwikset
- Lockwood Industries Inc
- DORMA
Highlights of The Cylindrical Locks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Knob Locksets
- Lever Locksets
- By Application:
- Commercial
- Industrial
- Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cylindrical Locks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cylindrical locks are a type of security lock that uses cylindrical shaped keys. These locks are often used in high-security applications, such as hospitals and government buildings.
Some of the major players in the cylindrical locks market are DORMA, Master Lock, PDQ, Corbin Russwin, Medeco, STANLEY, BEST, ASSA ABLOY Group, Kwikset, Lockwood Industries Inc, DORMA.
The cylindrical locks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cylindrical Locks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cylindrical Locks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cylindrical Locks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cylindrical Locks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cylindrical Locks Market Size & Forecast, 2020-2028
4.5.1 Cylindrical Locks Market Size and Y-o-Y Growth
4.5.2 Cylindrical Locks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Knob Locksets
5.2.2 Lever Locksets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cylindrical Locks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cylindrical Locks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Knob Locksets
9.6.2 Lever Locksets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Residential
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Knob Locksets
10.6.2 Lever Locksets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Residential
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Knob Locksets
11.6.2 Lever Locksets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Residential
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Knob Locksets
12.6.2 Lever Locksets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Residential
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Knob Locksets
13.6.2 Lever Locksets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Residential
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cylindrical Locks Market: Competitive Dashboard
14.2 Global Cylindrical Locks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DORMA
14.3.2 Master Lock
14.3.3 PDQ
14.3.4 Corbin Russwin
14.3.5 Medeco
14.3.6 STANLEY
14.3.7 BEST
14.3.8 ASSA ABLOY Group
14.3.9 Kwikset
14.3.10 Lockwood Industries Inc
14.3.11 DORMA
