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

Cylindrical Door Lock Market Size

Cylindrical Door Lock Market size was valued at USD 3.98 billion in 2023 and is anticipated to register a CAGR of over 6% between 2024 and 2032. Growth in this market can be attributed to the growing awareness about security of properties & homes, advancements in lock technology, and growing adoption of smart home automation systems.
 

Growing consumer interest in sophisticated locking systems is resulting in the adoption of such advancements, which are predicted to boost the appeal of door locks with cameras. Over the forecast period, the market is anticipated to be driven by the growing requirement to protect various assets including private homes, hotels, supermarkets, banks, financial institutions, corporate buildings, smart lockers, and commercial buildings with modern security systems.
 

A distinctive feature that sets the cylindrical door lock apart from other types of locks is its unusual design that passes through the door. The original door lock design is being replaced by this lock type due to its easy use. This lock has a two-fold locking mechanism and is placed via drilling. It supports the door’s security, serves as an armor against abuse, and permits appropriate authentication for the intended user to gain access. Furthermore, the market is witnessing an upsurge in the use of cylindrical door locks in both the commercial and residential sectors.
 

Cylindrical lock manufacturers are subject to a myriad of international & regional regulation standards related to accessibility and safety. Different regions have varying requirements, making it necessary for manufacturers to develop models that meet a wide range of customer requirements. For instance, locks must comply with safety standards, building code requirements, and accessibility standards for people with disabilities. This regulatory landscape requires ongoing vigilance as regulations can change over time.
 

The challenge is to produce locks that meet diverse requirements while maintaining a high level of security and ease of use. This may limit the market reach of lock manufacturers and can lead to legal liabilities. Addressing security concerns, ensuring sustainability, adapting technological advancements, and navigating the complex regulations and standards are crucial components that the industry must contend to continue its global prominence.
 

Cylindrical Door Lock Market Trends

The increasing demand for smart cylindrical door locks is also attributed to the expansion of smart house adoption globally and the entry of businesses utilizing home automation technologies. Companies are focused on creating cutting-edge solutions and commercially viable goods such as remote door & window locking and opening. Furthermore, manufacturers are fusing their products with voice assistants, allowing voice control over locks as the number of houses equipped with these devices increases significantly. The industry has also profited greatly from rising new installations brought about by the expansion of construction projects in developing economies.
 

One of the most noticeable components of a connected home is the smart cylindrical door lock when it is integrated into the ecosystem. The hospitality sector is one area where smart locks are being widely used. To increase the security of their properties, a number of hotels intend to replace RFID locks that are accessed by IC cards with Wi-Fi or Bluetooth-enabled locks. Z-wave, Wi-Fi, Thread, ZigBee, and other communication technologies enable connectivity in smart home technology.
 

Cylindrical Door Lock Market Analysis

Based on type, the cylindrical door lock market is categorized into deadbolt, lever handles, padlock, digital locks, and others. Deadbolt held a dominant market share valued at USD 1.74 billion in 2023 and is anticipated to grow over the coming years. The deadbolt segment is expanding due to low installation costs, excellent durability, and sufficient protection against entry. Additionally, businesses are concentrating on growing their range of products.
 

For instance, Kwikset, a door lock manufacturing company, added single-touch locks, low battery alerts, and customized user codes to their lineup of cutting-edge deadbolts with integrated features, which drew a lot of interest from consumers. The digital locks segment is also anticipated to grow at a significant CAGR during the forecast period. Smart lock technology is unique and easier to use than conventional methods.
 

Security techniques, such as mechanical locks, passwords, ID codes, code phrases, and paper slips, were frequently used before the invention of smart locks. These techniques increased the danger of data loss or theft and required a lot of upkeep. Smart locks can synchronize with a user’s smartphone and provide access control owing to the Internet of Things connectivity. This characteristic of smart locks makes them stand out in the market and adds to their distinctive, trustworthy, and user-friendly qualities.
 

Based on application, the cylindrical door lock market is categorized into residential and commercial. The commercial segment held a dominant market share, generating USD 2.15 billion, in 2023 and is anticipated to grow over the forecast period. The sector has been adopting smart cylindrical door locks at a quick pace to meet the growing consumer demands for security. In the coming years, it is anticipated that the hospitality, retail, and government sectors’ requirements to enhance in-room security will increase the use of these keyless entry systems. Market leaders also aim to provide inventive solutions to these sectors.
 

For instance, in October 2022, the smart lock manufacturer, Kwikset (Spectrum Brands Holdings, Inc.) introduced two new models to its lineup: the SmartCode 260 Keypad Deadbolt and the SmartCode 270 Touchpad Deadbolt. These goods come with application assistance and can be purchased in both conventional & modern styles. The hotel’s brand value is boosted by the installation of these locks, which further contributes to their industry adoption. The residential segment is also anticipated to grow at a significant CAGR during the forecast period.
 

Its significant revenue production can be attributed to the growing global use of smart homes as well as the rise in new building & restoration projects in the industry in recent years. It is anticipated that the increased use will result from the lower cost of contemporary security solutions such as fingerprint door locks, motion detectors, door and window opening sensors, and remote door locking and unlocking. The creation of locks that work with Z-Wave, ZigBee & BLE is becoming more popular, especially for mass-market residential applications, drawing in a large customer base.
 

North America dominated the global cylindrical door lock market with a major share of 47% in 2023. The regional growth can be attributed to the extensive technology adoption and rapid expansion of smart homes in the U.S. In the U.S., millennials have a strong preference for home automation and are prepared to spend more on cutting-edge goods. As the usage of smartphones and the Internet grows, more end users such as government offices, hospitals, and educational institutions are adopting these sophisticated technologies, driving significant expansion in the regional market over the forecast period.
 

Furthermore, the market is anticipated to witness a significant increase in household demand to stop invasion and unauthorized access. Moreover, the U.S. government’s efforts to create smart cities and the increased emphasis on implementing intelligent technologies to raise living conditions offer creative lock suppliers enormous growth potential. In March 2023, HavenLock Inc., a U.S. door lock company, launched the Power G version of its smart locking system, which is suitable for use in businesses and schools.
 

Cylindrical Door Lock Market Share

The market is highly fragmented due to the presence of numerous local & global players across the globe. In 2023, the above list of dominant market players collectively held a substantial 25% - 30% market share. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions, facility expansion, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research & development, aiming to enhance their designs and integrate cutting-edge technologies, thereby ensuring that they maintain a competitive edge.
 

Cylindrical Door Lock Market Companies

Major players operating in the cylindrical door lock industry include:

• ASSA ABLOY
• Allegion plc
• dormakaba Group
• Securitas Technology
• Liberty Safe
• Focus Technology Co., Ltd.
• Guard Security Equipment Co. Ltd.
• Serrature Meroni S.p.A.
• EVVA Security Technology GmbH
• ABUS AUGUST BREMICKER SÖHNE KG
• KSB SE & Co. KGaA
• The Eastern Company
• iLOQ Ltd.
• Taiwan Fu Hsing Industrial Co., Ltd.
• Legrand
   

Cylindrical Door Lock Industry News

• In September 2023, ASSA ABLOY, a global leader in access solutions, acquired Securitech Group Inc., a leading provider of mechanical & electronic door hardware products, to strengthen its position in developed markets with complementary products and solutions. With this acquisition, ASSA enhanced its offering in the critical infrastructure, education, and government sectors.
   
• In September 2023, iLOQ Ltd., an access management solution provider, launched battery-free smart locks for the North America multifamily property market. The company’s battery-free smart locks and keyless smartphone-based solutions maximize security, reduce administration, lifecycle costs, maintenance & provide smart living in multifamily properties, benefiting building owners, property managers & tenants, among others.
   
• In January 2023, Schlage (Allegion Plc), a leading provider of home security and access solutions, introduced the Schlage Encode Smart Wi-Fi Lever at the International Builders Show, 2023. The smart lock extends the convenience and security of Schlage smart locks to further areas of the house as they can also function on conventional single bore-hole doors.
   

The cylindrical door lock market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:

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Market, By Type, 2018 – 2032

• Deadbolt
• Lever Handles
• Padlock
• Digital Locks
• Others

Market, By Product, 2018 – 2032

• Smart Cylindrical Door Lock
• Non-smart Cylindrical Door Lock

Market, By Connecting Technology, 2018 – 2032

• Wi-Fi
• Bluetooth
• ZigBee
• Others

Market, By Pricing, 2018 – 2032

• Low
• Medium
• High

Market, By Application, 2018 – 2032

• Residential
• Commercial
  • Government
  • Retail
  • Hospitality
  • Others

Market, By Distribution Channel, 2018 – 2032

• Offline
  • Hypermarket/Supermarket
  • Departmental Stores
  • Specialized Stores
  • Other Retail Stores 
• Online
  • E-Commerce Website
  • Company Owned Website

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA