In 2023, the production of base metal cylinder locks used in German building doors stood at 12.268 million items. The forecast from 2024 to 2028 shows a steady growth in production, with values expected to increase from 12.287 to 12.361 million items. The year-on-year growth shows slight increases, with a compound annual growth rate (CAGR) reflecting a stable growth trend.
Future trends to watch for include:
- Technological advancements, such as smart lock integration, could impact demand for traditional cylinder locks.
- Environmental regulations might drive innovations in lock manufacturing materials and processes.
- The construction industry’s health and renovation trends may influence lock demand.