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Cylindrical Door Lock Market Share

Report ID: GMI8258
Published Date: Feb 2024
Report Format: PDF

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Cylindrical Door Lock Market Share

Global Company Market Share Analysis, 2023

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

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Cylindrical door lock industry size was USD 3.98 billion in 2023 and is anticipated to witness over 6% CAGR between 2024 and 2032 due to the rising consumer interest in sophisticated locking systems

The deadbolt type segment reached USD 1.74 billion in 2023 and is anticipated to grow till 2032 due to low installation costs, excellent durability, and sufficient protection against entry.

Demand for commercial cylindrical door locks generated a revenue of USD 2.15 billion in 2023 owing to the growing consumer demands for security.

North America recorded 47% of the global cylindrical door lock industry share in 2023, attributed to the extensive technology adoption and rapid expansion of smart homes in the U.S.