Global Lockset Market Growth 2025-2031
Description
The global Lockset market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A lockset (alternatively lock set) is the hardware and components that make up the locking or latching mechanism that can usually be found on a door or other hinged object but can also include sliding doors and dividers.A lockset refers to a security device composed of multiple components, primarily used to control the locking, unlocking, and protection of buildings, vehicles, storage lockers, and other valuables. A lockset typically includes components such as the lock body, lock cylinder, bolt, door handle, key, and screws, all working together to achieve the locking and unlocking functions. There are various types of locksets, including mechanical locks, electromagnetic locks, fingerprint recognition locks, and keypad locks.
Mechanical locks are the most common type, typically relying on the coordination of a key and lock cylinder to achieve locking or unlocking by turning the cylinder. Electromagnetic locks use magnetic force to control the opening and closing of doors, often used in high-security places such as government buildings and banks. In recent years, with the advancement of technology, fingerprint recognition locks and keypad locks have become widely used, providing more efficient and secure access control through biometric recognition or digital input.
Locksets play an important role in daily life, protecting personal property and privacy while also offering various protective functions for buildings, such as theft prevention, fire protection, and resistance to tampering. In the commercial sector, the safety, convenience, and technology of locksets are continuously developing to meet the demand for smart and digital security products.
Market Development Opportunities & Main Driving Factors
The lockset industry’s opportunities stem from the rise of smart homes and growing security demands. With the development of IoT and smart technologies, smart locksets are replacing traditional locks, meeting consumers’ needs for convenience and security. Growing safety awareness is driving the demand for high-security locksets, while the expansion of overseas markets offers more business opportunities for the industry.
Market Challenges, Risks, & Restraints
The security of smart locksets remains a major challenge, with risks of hacking and system vulnerabilities. The market is also highly competitive, with product homogeneity making it difficult to differentiate. Additionally, lagging regulations may affect market stability and industry development.
Downstream Demand Trends
The downstream demand for locksets is moving towards smart and personalized solutions. The widespread use of smart locksets in homes, hotels, and businesses is driving market growth. Consumers’ increasing demand for customized and tech-integrated locksets, along with growing environmental awareness, is pushing the use of eco-friendly materials and improved manufacturing processes.
LP Information, Inc. (LPI) ' newest research report, the “Lockset Industry Forecast” looks at past sales and reviews total world Lockset sales in 2024, providing a comprehensive analysis by region and market sector of projected Lockset sales for 2025 through 2031. With Lockset sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lockset industry.
This Insight Report provides a comprehensive analysis of the global Lockset landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lockset portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lockset market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lockset and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lockset.
This report presents a comprehensive overview, market shares, and growth opportunities of Lockset market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mechanical Lockset
Smart Lockset
Segmentation by Application:
Commercial
Residential
Automotive
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Semtech
Schlage
Master Lock
Sargent
Apollo
Kwikset
Yale
Haba
ASSA ABLOY
Morgan Lock
Dorma Products
Emtek
Better Home Products
Kaba
Omnia
Tri-Circle
Schwepper Beschlag
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lockset market?
What factors are driving Lockset market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lockset market opportunities vary by end market size?
How does Lockset break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A lockset (alternatively lock set) is the hardware and components that make up the locking or latching mechanism that can usually be found on a door or other hinged object but can also include sliding doors and dividers.A lockset refers to a security device composed of multiple components, primarily used to control the locking, unlocking, and protection of buildings, vehicles, storage lockers, and other valuables. A lockset typically includes components such as the lock body, lock cylinder, bolt, door handle, key, and screws, all working together to achieve the locking and unlocking functions. There are various types of locksets, including mechanical locks, electromagnetic locks, fingerprint recognition locks, and keypad locks.
Mechanical locks are the most common type, typically relying on the coordination of a key and lock cylinder to achieve locking or unlocking by turning the cylinder. Electromagnetic locks use magnetic force to control the opening and closing of doors, often used in high-security places such as government buildings and banks. In recent years, with the advancement of technology, fingerprint recognition locks and keypad locks have become widely used, providing more efficient and secure access control through biometric recognition or digital input.
Locksets play an important role in daily life, protecting personal property and privacy while also offering various protective functions for buildings, such as theft prevention, fire protection, and resistance to tampering. In the commercial sector, the safety, convenience, and technology of locksets are continuously developing to meet the demand for smart and digital security products.
Market Development Opportunities & Main Driving Factors
The lockset industry’s opportunities stem from the rise of smart homes and growing security demands. With the development of IoT and smart technologies, smart locksets are replacing traditional locks, meeting consumers’ needs for convenience and security. Growing safety awareness is driving the demand for high-security locksets, while the expansion of overseas markets offers more business opportunities for the industry.
Market Challenges, Risks, & Restraints
The security of smart locksets remains a major challenge, with risks of hacking and system vulnerabilities. The market is also highly competitive, with product homogeneity making it difficult to differentiate. Additionally, lagging regulations may affect market stability and industry development.
Downstream Demand Trends
The downstream demand for locksets is moving towards smart and personalized solutions. The widespread use of smart locksets in homes, hotels, and businesses is driving market growth. Consumers’ increasing demand for customized and tech-integrated locksets, along with growing environmental awareness, is pushing the use of eco-friendly materials and improved manufacturing processes.
LP Information, Inc. (LPI) ' newest research report, the “Lockset Industry Forecast” looks at past sales and reviews total world Lockset sales in 2024, providing a comprehensive analysis by region and market sector of projected Lockset sales for 2025 through 2031. With Lockset sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lockset industry.
This Insight Report provides a comprehensive analysis of the global Lockset landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lockset portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lockset market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lockset and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lockset.
This report presents a comprehensive overview, market shares, and growth opportunities of Lockset market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mechanical Lockset
Smart Lockset
Segmentation by Application:
Commercial
Residential
Automotive
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Semtech
Schlage
Master Lock
Sargent
Apollo
Kwikset
Yale
Haba
ASSA ABLOY
Morgan Lock
Dorma Products
Emtek
Better Home Products
Kaba
Omnia
Tri-Circle
Schwepper Beschlag
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lockset market?
What factors are driving Lockset market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lockset market opportunities vary by end market size?
How does Lockset break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
142 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Lockset by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Lockset by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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