Cylindrical Locks Market Research Future Insights:
According to MRFR analysis, the global Cylindrical Locks market is expected to register a CAGR of 5.2% from 2021 to 2028 and hold a value of over USD 5,524.64 Million by 2028.
Cylindrical locks are a type of lock that is commonly used on doors and other types of closures. They are called cylindrical locks because they have a cylinder-shaped body that contains the locking mechanism. Cylindrical locks are typically operated with a key or a thumb turn, and they are known for their ease of use and versatility. The COVID-19 pandemic has had some impact on the production and sales of cylindrical locks. The demand for cylindrical locks has remained relatively stable during the pandemic, as they are used in a variety of applications where security is critical. However, the pandemic has disrupted some supply chains and there have been some delays in the production and distribution of cylindrical locks.
Regional Analysis
North America is a promising market for cylindrical locks due to product innovation and the continuous integration of new raw materials. Additionally, manufacturers have adopted new technologies to achieve the desired look of cylindrical locks. This projected growth can be attributed to these advancements.
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Market Segmentation
The Global Cylindrical Locks market has been segmented into type, end-use, and distribution channels.
Based on the type, the market has been segmented into Euro Cylinder Locks, Oval Cylinder Locks, Deadbolts, KIK Cylinders, Interchangeable Core Cylinders, and Others.
Based on the end user, the market has been segmented into Residential and Commercial.
Based on the distribution channel, the market has been segmented into Store-Based and Non-Store-Based.
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Key Players
Some of the key market players are 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, and dormakaba Holding.
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