Cylindrical Locks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Cylindrical locks are most common locks, easily available in the market. It has been used in single or double bore application. It also referred as "bored lock". These locks come in different types such as euro cylindrical locks, oval cylindrical locks, deadbolt, Kik cylindrical locks, interchangeable core cylindrical locks, and others and can be used for residential and commercial purposes as well. These locks are made of brass or zinc, chrome, steel, nickel, or any blend of metal alloys.

MARKET DYNAMICS

Cylindrical locks are easy to install as compared to other mechanical locks. These are convenient and secure locks as they protect any kind of property. The manufacturers have inclined towards the high mechanism and technologies such as to make the locks stress and pressure resistant. However, the private-label brands are restricting the key players by providing low-cost substitutes to the customers in the market. Moreover, the growing use of locking applications, increasing safety solutions are the key factors that help to grow the market of cylindrical locks all over the globe.

MARKET SCOPE

The "Global Cylindrical Locks Market Analysis to 2031" is a specialized and in-depth study of consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the cylindrical locks market with detailed market segmentation by type and end use. The global cylindrical locks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cylindrical locks market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global cylindrical locks market is segmented into type and end use. Based on type, the global cylindrical locks market is segmented into euro cylindrical locks, oval cylindrical locks, deadbolt, Kik cylinders, interchangeable core cylinders, and others. By end-use, the global cylindrical locks market is classified into residential and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the cylindrical locks industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cylindrical locks market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cylindrical locks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the cylindrical locks market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cylindrical locks market in these regions.

MARKET PLAYERS

The report covers vital developments in the cylindrical locks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the cylindrical locks market are anticipated to lucrative growth opportunities in the future with the rising demand for cylindrical locks in the global market. Below mentioned is the list of few companies engaged in the cylindrical locks market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cylindrical locks market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Spectrum Brands, Inc.
  
•   Assa Abloy AB
  
•   Allegion PLC
  
•   DOM Security
  
•   Serrature Meroni S.p.A.
  
•   Draper Tools Ltd.
  
•   EVVA Sicherheitstechnologie GmbH
  
•   C.Ed. Schulte GmbH Zylinderschlossfabrik
  
•   August Bremicker Söhne KG
  
•   Dormakaba Holding AG
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Cylindrical Locks Report Scope