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Cylindrical Locks Market Share

ID: MRFR//9094-CR | 99 Pages | Author: Snehal Singh| June 2021

Cylindrical Locks Market companies, a key part of the security hardware industry, use various market share placement strategies to gain a competitive edge. Companies often use product differentiation to distinguish their cylinder locks by adding features, styles, or security features. Businesses can attract customers looking for new, reliable door locks.
Cylinder locks are becoming more popular in homes is because they offer better theft and robbery security. With security features and ease of use, these locking systems make life easier for residents. Demand is also rising because people are paying close attention to door furniture style, which is in line with home decor trends. This emphasis on blending in with the environment will likely drive the segment's growth, emphasizing the importance of home security system accessibility.

Pricing is another key plan component. Some companies in the cylinder locks market choose to be cost leaders, which means they try to sell their goods for less than their rivals. This approach might help you get a big share of the market, especially among people who care a lot about price. Premium price strategies, on the other hand, focus on making locks seem like high-quality, high-end goods. This way, they can attract customers who care about security and are willing to pay more for better work and new technologies.

Market players often put money into large delivery networks in addition to their price and product strategies. Companies can reach more customers and make sure their goods are easy to find in more places by setting up a vast and effective marketing system. This method works especially well in the market for circular locks, where ease of use and accessibility are very important to customers.

In the cylinder locks business, smart relationships and agreements can also have a big effect on where companies stand in terms of market share. Working together with architects, builders, or security system developers can help you place your products in new ways and get more attention from the people you want to buy them. These kinds of relationships can also lead to the creation of unique solutions that meet the needs of certain uses or market groups.

New concepts are crucial in the ever-changing cylinder lock business. Research and development help companies stay up with new technology and trends. Smart technologies, like fingerprint tracking or digital connection, can be a great way to meet customers' changing security needs and get ahead in the market by adding them to cylindrical locks.

Also, focusing on the customer is important for long-term success. Companies can make their goods and services more useful for customers if they understand and meet their specific wants and tastes. Customers will be happier and more loyal if you offer great customer service, guarantees, and services after the sale. This will enhance your company's market share.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 5.20% (2023-2032)

Global Cylindrical Locks Market Overview


Cylindrical Locks Market Size was valued at USD 3.8 Billion in 2022. The cylindrical locks market industry is projected to grow from USD 4.0 Billion in 2023 to USD 6.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.53% during the forecast period (2024 - 2032). The growth of the organized retail sector and the growing need for two-way cylindrical locks on emergency exits are the key market drivers enhancing the market.


Cylindrical Locks Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Cylindrical Locks Market Trends




  • As per industry demand more security is driving the market growth




Market CAGR for cylindrical locks is driven by the rising need for secure access control systems that can stop unauthorized entrance into homes, offices, and other structures as smart homes and the Internet of Things (IoT) become more prevalent. Electronic cylinder locks offer improved security features as an alternative to conventional mechanical locks.


Additionally, the use of electronic credentials, such as RFID cards, Bluetooth-enabled cellphones, or biometric information, to regulate access is done through electronic cylinder locks. These credentials are more secure than conventional keys since they are challenging to reproduce. An additional security measure is the ability of electronic cylinder locks to be set to restrict access to particular times or locations.


Cylindrical locks are the most practical and secure method of securing items or properties. Manufacturers have included modern technologies in the bolts, levers, and springs that make up the mechanism of these locks. In addition, the use of sophisticated materials in the construction of locks' exterior shells provides tensile strength and pressure resistance. So, due to technological advancements, suppliers engaged in the worldwide cylindrical lock market have access to attractive chances. The growing need for increased security is a major factor driving the market for electronic cylinder locks. As more people learn about the advantages of electronic access control systems, this trend is anticipated to continue.


Salto Systems will unveil a new platform aimed at the home sector in March 2022. The all-in-one solution from Salto Homelok, which combines digital keys, a smart living environment, hardware, cloud software, and smart access control technologies, is expected to transform residential living. For instance, Dormakaba completed the purchase of Alldoorco in August 2022. The acquisition represents a new step in the company's plan to bolster its core operations in the sizeable Dutch market. Thus, driving the cylindrical locks market revenue.


Cylindrical Locks Market Segment Insights


Cylindrical Locks Type Insights


The cylindrical locks market segmentation, based on type, includes euro cylinder locks, oval cylinder locks, deadbolts, KIK cylinders, interchangeable core cylinders, and others. The deadbolts segment dominated the market, accounting for 32% of market revenue (1.21 Billion). As deadbolts are the best addition to existing door security, this segment dominates the forecast period.


Cylindrical Locks End-User Insights


The cylindrical locks market segmentation, based on end-users, includes Residential and Commercial. The residential category generated the most income (50.4%) with the highest CAGR. Residential locking systems provide security against theft and robbery. They are also user-friendly, focusing on door furniture that complements home décor, likely fueling the segment's growth.


Cylindrical Locks Distribution Channel Insights


The cylindrical locks market segmentation, based on distribution channels, includes store-based and non-store-based. The store-based category generated the most income (75.9%), with the highest CAGR. Another factor supporting the segmental expansion is the ease of quick product delivery through offline retailers.


Figure 1: Cylindrical Locks Market, by Distribution Channel, 2022 & 2032 (USD Billion)


Cylindrical Locks Market, by Distribution Channel, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Cylindrical Locks Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American cylindrical locks market area will dominate this market, as manufacturers predict great success in North America.  This expansion can be ascribed to rapid improvements in incorporating diverse raw materials in the manufacture of cylinder locks and ongoing product innovation. The desired final appearance of cylindrical locks has been achieved via the use of a variety of technologies by manufacturers. Technology developments have led to the introduction of many different cylindrical locks in North America. The expansion of the real estate industry and rising consumer spending power also contribute to the regional market's expansion.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: CYLINDRICAL LOCKS MARKET SHARE BY REGION 2022 (USD Billion)


CYLINDRICAL LOCKS MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's cylindrical locks market accounts for the second-largest market share due to the rising demand for safe, practical, and effective cylinder lock systems due to the continent's rapid urbanization and growth in the residential and commercial sectors. The building industry in Europe has been rapidly growing as a result of the rising demand for homes and businesses. About one-fifth of all construction expenditures go toward new residential construction. Further, the German cylindrical locks market held the largest market share, and the UK cylindrical locks market was the largest growing market in the European region.


The Asia-Pacific cylindrical locks market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the organized retail sector. One of the key factors driving India's expanding cylindrical locks market is the increase in investments in the hotel sector. Several corporations are also making significant investments in India to boost sales. In the nation, producers are also launching new goods. Moreover, China’s cylindrical locks market held the largest market share, and the Indian cylindrical locks market was the fastest-growing market in the Asia-Pacific region.


Cylindrical Locks Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the low-voltage cables & accessories market, grow even more. In order to increase their worldwide footprint, market participants are also engaging in a variety of strategic actions. Important market developments include the introduction of new products, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations. To expand and survive in a more competitive and rising market climate, cylindrical locks must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers of cylindrical locks use to benefit clients and increase the market sector. In recent years, the cylindrical locks industry has offered some of the most significant advantages. Major players in the cylindrical locks market, including Spectrum Brands Inc. (US), Assa Abloy AB (Sweden), Allegion PLC (Ireland), DOM Security (France), Serrature Meroni S.p.A. (Italy), Draper Tools Ltd (UK), EVVA Sicherheitstechnologie GmbH (Austria), C.Ed. Schulte GmbH Zylinderschlossfabrik (Germany), August Bremicker Söhne KG (Germany), and dormakaba Holding (Switzerland), are attempting to increase market demand by investing in research and development operations. ASSA ABLOY AB develops, designs, and manufactures a complete range of door-opening solutions. The business sells entrance automation, security doors, access control systems, identification technologies, mechanical and electromechanical locking solutions, and hotel security. For instance, a manufacturer of commercial doors and window systems, Pacific Door Systems (New Zealand), was purchased by Assa Abloy in December 2021. With this, the business hopes to hasten its growth in New Zealand.  


Allegion PLC provides security products and solutions. The company provides mechanical and electronic security systems, services, and products to protect people and property. Customers of Allegion throughout the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific region include businesses, institutions, and households. For instance, the door and access systems division of GWA Group Limited was acquired by Allegion through one of its subsidiaries in July 2020. Renowned Australian companies Gainsborough Hardware and API Locksmiths were part of the deal. Gainsborough is the industry leader in Australia for residential door hardware, and their product line includes the best entrance door lock in the nation.


Key Companies in the Cylindrical Locks market include



  • Spectrum Brands Inc. (US)

  • Assa Abloy AB (Sweden)

  • Allegion PLC (Ireland)

  • DOM Security (France)

  • Serrature Meroni S.p.A. (Italy)

  • Draper Tools Ltd (UK)

  • EVVA Sicherheitstechnologie GmbH (Austria)

  • C.Ed. Schulte GmbH Zylinderschlossfabrik (Germany)

  • August Bremicker Söhne KG (Germany)

  • dormakaba Holding (Switzerland)


Cylindrical Locks Industry Developments


August 2020: The merger of CEStronics GmbH and CESlocks GmbH with C.Ed. Schulte GmbH Zylinderschlossfabrik was done to streamline internal operations and increase the emphasis on customer service.


November 2021: UCEM SISTEMAS DE SEGURIDAD S.A. (UCEM), a subsidiary of DOM, and METALRGICA CERRAJERA DE MONDRAGN S.A. (MCM) announced their merger, with UCEM becoming a part of MCM. The MCM company that was acquired changed its name to DOM-MCM S.A.


December 2021: With the transfer of the shares in DOM Sicherheitstechnik GmbH and SECU Beteiligungs GmbH, GROUPE SFPI re-established the DOM division.


Cylindrical Locks Market Segmentation


Cylindrical Locks Type Outlook



  • Euro Cylinder Lock

  • Oval Cylinder Lock

  • Deadbolt

  • KIK Cylinders

  • Interchangeable Core Cylinders

  • Others


Cylindrical Locks End-User Outlook



  • Residential

  • Commercial


Cylindrical Locks Distribution Channels Outlook



  • Store-Based

  • Non-Store-Based


Cylindrical Locks Regional Outlook



  • North America

    • US

    • Canada





  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe





  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific





  • Rest of the World

    • Middle East

    • Africa

    • Latin America



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