Cylindrical Locks Market Research

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 5.20% during the forecast period (2023 - 2032).The latch bolt is attached to the chassis by a cylinder fitted in the lever. The pins within the cylinder line up whenever the key is inserted, causing the lock to unlock. Compared with other kinds of mechanical locks, the major benefit of a cylindrical lock is how quickly it can be installed. In both home and business settings, cylindrical locks are used. Cylindrical locks come in various shapes and sizes, including KIK cylinders, euro-cylinder locks, deadbolts, oval cylinder locks, and changeable core cylinders.

In comparison to other mechanical locks, cylindrical locks are simple to install. Because they safeguard any property, these locks are both convenient and secure.

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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)

Market segmentation

Cylindrical Locks Type Outlook

• Euro Cylinder Lock
• Oval Cylinder Lock