The global cylindrical door lock market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2024-2031). The growing awareness about the security of properties & homes, advancements in lock technology, and the growing adoption of smart home automation systems have driven the global market. The market is evolving with the introduction of smart locks. While smart locks offer new functionalities, they also come with potential drawbacks that need to be addressed by manufacturers. The long-term success of smart locks will depend on their ability to address these issues and provide a compelling value proposition to consumers. Therefore, key manufacturers are focusing on enhancing the functionality and security of their lock systems.

For instance, in February 2024, Aqara has launched Smart Lock U200. This lock has Matter-over-Thread connectivity and a separate Bluetooth keypad with a fingerprint reader and NFC built in. This gives users the option to unlock with digital codes, Aqara NFC cards, the Aqara app on their phone, and voice control with compatible voice assistants. That’s in addition to still being able to use its existing key (at least for US locks).

Further in October 2023, Netatmo launched anm advanced smart door lock. This lock offers both traditional key access and smartphone control through Bluetooth. The unique aspect lies in the "smart keys." These don't physically unlock the door but utilize built-in NFC chips for authorization. Users can program multiple keys and grant temporary access through the dedicated smartphone app. While the delayed release raises questions about its current appeal, the combination of traditional key access with smartphone control might be a point of consideration for some.

The key market players in the global cylindrical door lock market are August, The Eastern Company, Hutlon, Panasonic, Liberty Safe and Security Products, Baldwin Hardware, Weslock, and Jiangmen KEYU Intelligence Co, ltd, among others. The market growth is driven by different strategies incorporated by key market players such as mergers, acquisitions, and collaborations. 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.  

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Cylindrical Door Lock Market Segmentation

By Type

Deadbolt
Lever handles
Padlock
Digital locks

By Product

Smart Cylindrical Door Lock
Non-Smart Cylindrical Door Lock

 By Connecting Technology

Wi-Fi technology
Bluetooth technology
ZigBee technology

By Application

Residential
Commercial
Government
Retail
Hospitality

A full Report of Cylindrical Door Lock Market is Available @ https://www.omrglobal.com/industry-reports/cylindrical-door-lock-market

Regional Analysis           

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Allegion
Kwikset?Spectrum?
Kaba Group
Baldwin Hardware
Alarm Lock
ABUS
American Security Products Co.
The Eastern Company
Master Lock
Stanley Security Solutions
Weslock
AMMA
August
Codelocks
Liberty Safe and Security Products
LockeyUSA Inc
Achie
Guangdong Hutlon Technology Co.,LtdGuangdong Be-Tech Security Systems Limited
DESSMANN
Lockitron
Kaadas
Zhongshan Yinghua Lock Industry
Techlicious
Okidokeys
Adel
Jiangmen KEYU Intelligence Co, ltd

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