Market Overview:
The global mechanical cylinder locks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for mechanical cylinder locks in various applications such as lockers, doors, and others. In addition, the growing security concerns among consumers are also fueling the demand for mechanical cylinder locks in different regions across the globe. The global mechanical cylinder locks market is segmented on the basis of type, application, and region. On the basis of type, it is divided into europrofile cylinders, cipher type cylinders (including keyless), and others (including combination). The europrofile cylinders segment accounted for a major share of more than 60% in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030 owing to their high adoption rates across various applications such as lockers, doors, safes & vaults etc.
Product Definition:
A mechanical cylinder lock is a type of lock that uses a cylindrical key to unlock it. This type of lock is often used in commercial and industrial applications, as it is more durable than other types of locks.
Europrofile:
The global mechanical cylinder locks market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Cipher Type:
Cipher type is a method used by manufacturers of mechanical cylinder locks to prevent the unauthorized duplication of their products. The system involves the use of a set pattern or series of numbers which are applied to each key in such a way that only those with knowledge about the particular code can unlock and operate it. In this sense, it can be seen as an advanced formality used by manufacturers for quality assurance purposes.
Application Insights:
The others application segment includes storage facilities, transportation and logistics, industrial and manufacturing facilities, government buildings/agencies. The lockers application segment is expected to witness significant growth over the forecast period owing to its increasing use in commercial establishments including hotels and restaurants. Increasing number of tourists traveling and working abroad as well as a growing number of hotels in various countries globally has boosted the demand for mechanical cylinder locks in this sector.
Door application dominated the global market with a revenue share of more than 40% in 2017. This can be attributed to high usage of door opening mechanisms such as deadbolts, sliding doors, security screens & windows among other similar products at residential complexes/apartments/houses across various regions globally including North America, Europe, Asia Pacific etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing demand for high security locks from various applications and rising construction activities in the region. Europe also held a significant share of global revenue in 2017, mainly due to growing investments by key manufacturers such as Schlage Corporation and Kwikset LLC in R&D activities and product development. Asia Pacific is projected to register considerable growth over the coming years owing to rapid urbanization, increasing disposable income levels, changing lifestyles of consumers coupled with government initiatives favoring affordable housing projects are some major factors driving regional growth. Moreover, rising crime rates have led governments across countries including India & China & Australia & Singapore etc.
Growth Factors:
- Increasing demand from the automotive industry for mechanical cylinder locks as a security measure against theft and vandalism.
- Growing popularity of smart locks that use mechanical cylinder locks as a keyless entry system.
- Rising demand for high-security mechanical cylinder locks from the government and defense sector.
- Increasing adoption of digital door locking systems in commercial buildings and homes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Cylinder Locks Market Research Report
By Type
Europrofile, Cipher Type, Others
By Application
Lockers, Doors, Others
By Companies
ASSA-Abloy, Master Lock, Hafele, ABUS, Kentix, EVVA, KEPT INDUSTRY, GMS, MUL-T-LOCK, Marks, Kaba Ilco Corp
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Cylinder Locks Market Report Segments:
The global Mechanical Cylinder Locks market is segmented on the basis of:
Types
Europrofile, Cipher Type, Others
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
Lockers, Doors, 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:
- ASSA-Abloy
- Master Lock
- Hafele
- ABUS
- Kentix
- EVVA
- KEPT INDUSTRY
- GMS
- MUL-T-LOCK
- Marks
- Kaba Ilco Corp
Highlights of The Mechanical Cylinder 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:
- Europrofile
- Cipher Type
- Others
- By Application:
- Lockers
- Doors
- 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 Mechanical Cylinder 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?
Mechanical cylinder locks are a type of security device that uses rotating cylinders to create an impenetrable seal. The lock is activated by inserting a key into the correct hole on the side of the cylinder, which rotates it until it makes contact with a pin inside the lock. This prevents anyone from opening the door without first obtaining access to the key.
Some of the key players operating in the mechanical cylinder locks market are ASSA-Abloy, Master Lock, Hafele, ABUS, Kentix, EVVA, KEPT INDUSTRY, GMS, MUL-T-LOCK, Marks, Kaba Ilco Corp.
The mechanical cylinder locks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mechanical Cylinder 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 Mechanical Cylinder Locks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mechanical Cylinder 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 Mechanical Cylinder 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 Mechanical Cylinder Locks Market Size & Forecast, 2018-2028
4.5.1 Mechanical Cylinder Locks Market Size and Y-o-Y Growth
4.5.2 Mechanical Cylinder Locks Market Absolute $ Opportunity
Chapter 5 Global Mechanical Cylinder Locks 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 Mechanical Cylinder Locks Market Size Forecast by Type
5.2.1 Europrofile
5.2.2 Cipher Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mechanical Cylinder Locks 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 Mechanical Cylinder Locks Market Size Forecast by Applications
6.2.1 Lockers
6.2.2 Doors
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mechanical Cylinder 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 Mechanical Cylinder 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 Mechanical Cylinder Locks Analysis and Forecast
9.1 Introduction
9.2 North America Mechanical Cylinder Locks 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 Mechanical Cylinder Locks Market Size Forecast by Type
9.6.1 Europrofile
9.6.2 Cipher Type
9.6.3 Others
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 Mechanical Cylinder Locks Market Size Forecast by Applications
9.10.1 Lockers
9.10.2 Doors
9.10.3 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 Mechanical Cylinder Locks Analysis and Forecast
10.1 Introduction
10.2 Europe Mechanical Cylinder Locks 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 Mechanical Cylinder Locks Market Size Forecast by Type
10.6.1 Europrofile
10.6.2 Cipher Type
10.6.3 Others
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 Mechanical Cylinder Locks Market Size Forecast by Applications
10.10.1 Lockers
10.10.2 Doors
10.10.3 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 Mechanical Cylinder Locks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mechanical Cylinder Locks 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 Mechanical Cylinder Locks Market Size Forecast by Type
11.6.1 Europrofile
11.6.2 Cipher Type
11.6.3 Others
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 Mechanical Cylinder Locks Market Size Forecast by Applications
11.10.1 Lockers
11.10.2 Doors
11.10.3 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 Mechanical Cylinder Locks Analysis and Forecast
12.1 Introduction
12.2 Latin America Mechanical Cylinder Locks 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 Mechanical Cylinder Locks Market Size Forecast by Type
12.6.1 Europrofile
12.6.2 Cipher Type
12.6.3 Others
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 Mechanical Cylinder Locks Market Size Forecast by Applications
12.10.1 Lockers
12.10.2 Doors
12.10.3 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) Mechanical Cylinder Locks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mechanical Cylinder Locks 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) Mechanical Cylinder Locks Market Size Forecast by Type
13.6.1 Europrofile
13.6.2 Cipher Type
13.6.3 Others
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) Mechanical Cylinder Locks Market Size Forecast by Applications
13.10.1 Lockers
13.10.2 Doors
13.10.3 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 Mechanical Cylinder Locks Market: Competitive Dashboard
14.2 Global Mechanical Cylinder Locks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASSA-Abloy
14.3.2 Master Lock
14.3.3 Hafele
14.3.4 ABUS
14.3.5 Kentix
14.3.6 EVVA
14.3.7 KEPT INDUSTRY
14.3.8 GMS
14.3.9 MUL-T-LOCK
14.3.10 Marks
14.3.11 Kaba Ilco Corp
