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Cylindrical Door Lock Market - By Type (Deadbolt, Lever Handles, Padlock, Digital Locks, Others), By Product (Smart Cylindrical Door Lock, Non-smart Cylindrical Door Lock), By Connecting Technology (Wi-Fi, Bluetooth, Zigbee, Others), By Pricing (Low, Medi

Publisher Global Market Insights
Published Feb 26, 2024
Length 387 Pages
SKU # GMI18692363

Description

Cylindrical Door Lock Market - By Type (Deadbolt, Lever Handles, Padlock, Digital Locks, Others), By Product (Smart Cylindrical Door Lock, Non-smart Cylindrical Door Lock), By Connecting Technology (Wi-Fi, Bluetooth, Zigbee, Others), By Pricing (Low, Medium, High), By Application, By Distribution Channel, Forecast 2024 - 2032

Global Cylindrical Door Lock Industry will witness over 6% CAGR between 2024 and 2032 due to the rising applications and strategic mergers orchestrated by leading companies to expand their product portfolios. With the increasing emphasis on security across residential, commercial, and industrial sectors, the demand for reliable and sophisticated door-locking solutions is surging.

For instance, in October 2023, the acquisition of Securitech Group Inc., a prominent manufacturer of high-security mechanical and electronic door hardware products headquartered in the United States, by ASSA ABLOY, a leading manufacturer of cylindrical door locks, was completed.

Leading companies are capitalizing on this trend by enhancing their existing product lines while broadening their offerings through strategic mergers and acquisitions. By integrating innovative technologies and diversifying their portfolios, these companies aim to address a wider range of customer needs and preferences. As a result, the market for cylindrical door locks is experiencing significant growth, propelled by the expansion strategies of industry leaders and the evolving demands of consumers.

The overall Cylindrical Door Lock Industry size is classified based on the type, connecting technology, product, pricing, distribution channel, application, and region.

The padlock segment will register a significant growth rate by 2032. As consumers prioritize security for both residential and commercial properties, padlocks serve as a versatile and portable locking solution. Their compatibility with cylindrical door locks enhances convenience and offers added layers of protection. With a focus on durability, reliability, and ease of use, padlocks are becoming an essential component in the security landscape, contributing to the overall growth of the cylindrical door lock market.

The cylindrical door lock market share from government segment will register decent expansion from 2023 to 2032. As governments prioritize security measures to safeguard public buildings, offices, and sensitive areas, the need for robust and reliable door locking solutions intensifies. Cylindrical door locks, known for their durability, ease of installation, and high-level security features, are increasingly sought after by government agencies. With stringent security standards in place, governments are driving the demand for advanced cylindrical door locks to ensure the safety of their facilities and personnel, thus fueling market growth.

Asia Pacific cylindrical door lock market will showcase a commendable CAGR from 2024 to 2032. With rapid urbanization and infrastructure development, there's a growing need for secure and reliable locking solutions across residential, commercial, and industrial sectors. Cylindrical door locks, known for their robustness and ease of installation, are increasingly preferred by consumers in the region. Additionally, rising disposable incomes and heightened awareness about security contribute to the expanding market demand. As a result, the Asia Pacific region is becoming a key driver of growth in the cylindrical door lock market.

Table of Contents

387 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameter
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Cylindrical door lock industry 360 degree synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Raw material analysis
3.3 Regulatory landscape
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.2 Industry pitfalls & challenges
3.5 Growth potential analysis
3.6 Porter's analysis
3.6.1 Supplier power
3.6.2 Buyer power
3.6.3 Threat of new entrants
3.6.4 Threat of substitutes
3.6.5 Industry rivalry
3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type (USD Billion) (Million Units)
5.1 Deadbolt
5.2 Lever handles
5.3 Padlock
5.4 Digital locks
Chapter 6 Market Estimates & Forecast, By Product (USD Billion) (Million Units)
6.1 Smart cylindrical door lock
6.2 Non-smart cylindrical door lock
Chapter 7 Market Estimates & Forecast, By Connecting Technology (USD Billion) (Million Units)
7.1 Wi-Fi
7.2 Bluetooth
7.3 ZigBee
7.4 Others
Chapter 8 Market Estimates & Forecast, By Pricing (USD Billion) (Million Units)
8.1 Low
8.2 Medium
8.3 High
Chapter 9 Market Estimates & Forecast, By Application (USD Billion) (Million Units)
9.1 Residential
9.2 Commercial
9.2.1 Government
9.2.2 Retail
9.2.3 Hospitality
9.2.4 Others
Chapter 10 Market Estimates & Forecast, By Distribution Channel (USD Billion) (Million Units)
10.1 Offline
10.1.1 Hypermarket/supermarket
10.1.2 Departmental stores
10.1.3 Specialized stores
10.1.4 Other retail stores
10.2 Online
10.2.1 E-Commerce website
10.2.2 Company owned website
Chapter 11 Market Estimates & Forecast, By Region (USD Billion) (Million Units)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.2 Europe
11.2.1 Germany
11.2.2 UK
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia
11.3.6 Rest of Asia Pacific
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.4.4 Rest of Latin America
11.5 MEA
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest of MEA
Chapter 12 Company Profiles
12.1 ASSA ABLOY
12.2 Allegion plc
12.3 dormakaba Group
12.4 Securitas Technology
12.5 Liberty Safe
12.6 Focus Technology Co., Ltd.
12.7 Guard Security Equipment Co., Ltd.
12.8 Serrature Meroni S.p.A.
12.9 EVVA Security Technology GmbH
12.10 ABUS AUGUST BREMICKER SÖHNE KG
12.11 KSB SE & Co. KGaA
12.12 The Eastern Company
12.13 iLOQ Ltd.
12.14 Taiwan Fu Hsing Industrial Co., Ltd.
12.15 Legrand

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