According to our (Global Info Research) latest study, the global Lockset market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
A lockset (alternatively lock set) is the hardware and components that make up the locking or latching mechanism that can usually be found on a door or other hinged object but can also include sliding doors and dividers.A lockset refers to a security device composed of multiple components, primarily used to control the locking, unlocking, and protection of buildings, vehicles, storage lockers, and other valuables. A lockset typically includes components such as the lock body, lock cylinder, bolt, door handle, key, and screws, all working together to achieve the locking and unlocking functions. There are various types of locksets, including mechanical locks, electromagnetic locks, fingerprint recognition locks, and keypad locks.
Mechanical locks are the most common type, typically relying on the coordination of a key and lock cylinder to achieve locking or unlocking by turning the cylinder. Electromagnetic locks use magnetic force to control the opening and closing of doors, often used in high-security places such as government buildings and banks. In recent years, with the advancement of technology, fingerprint recognition locks and keypad locks have become widely used, providing more efficient and secure access control through biometric recognition or digital input.
Locksets play an important role in daily life, protecting personal property and privacy while also offering various protective functions for buildings, such as theft prevention, fire protection, and resistance to tampering. In the commercial sector, the safety, convenience, and technology of locksets are continuously developing to meet the demand for smart and digital security products.
Market Development Opportunities & Main Driving Factors
The lockset industry’s opportunities stem from the rise of smart homes and growing security demands. With the development of IoT and smart technologies, smart locksets are replacing traditional locks, meeting consumers’ needs for convenience and security. Growing safety awareness is driving the demand for high-security locksets, while the expansion of overseas markets offers more business opportunities for the industry.
Market Challenges, Risks, & Restraints
The security of smart locksets remains a major challenge, with risks of hacking and system vulnerabilities. The market is also highly competitive, with product homogeneity making it difficult to differentiate. Additionally, lagging regulations may affect market stability and industry development.
Downstream Demand Trends
The downstream demand for locksets is moving towards smart and personalized solutions. The widespread use of smart locksets in homes, hotels, and businesses is driving market growth. Consumers’ increasing demand for customized and tech-integrated locksets, along with growing environmental awareness, is pushing the use of eco-friendly materials and improved manufacturing processes.
This report is a detailed and comprehensive analysis for global Lockset market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Lockset market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Lockset market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Lockset market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Lockset market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Lockset
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Lockset market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Semtech, Schlage, Master Lock, Sargent, Apollo, Kwikset, Yale, Haba, ASSA ABLOY, Morgan Lock, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Lockset market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Mechanical Lockset
Smart Lockset
Market segment by Application
Commercial
Residential
Automotive
Others
Major players covered
Semtech
Schlage
Master Lock
Sargent
Apollo
Kwikset
Yale
Haba
ASSA ABLOY
Morgan Lock
Dorma Products
Emtek
Better Home Products
Kaba
Omnia
Tri-Circle
Schwepper Beschlag
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Lockset product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Lockset, with price, sales quantity, revenue, and global market share of Lockset from 2020 to 2025.
Chapter 3, the Lockset competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Lockset breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Lockset market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Lockset.
Chapter 14 and 15, to describe Lockset sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Lockset. Industry analysis & Market Report on Lockset is a syndicated market report, published as Global Lockset Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Lockset market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.