| Product Code: ETC7411486 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Guyana continued to see a strong presence of cylinder lock imports, with top exporting countries including China, USA, Hong Kong, UK, and India. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) from 2020-24 remained impressive at 10.74%. However, a notable decline was observed in the growth rate from 2023-24 at -21.71%, indicating potential shifts in market dynamics or temporary fluctuations in demand. Overall, Guyana`s cylinder lock import market appears to be robust yet subject to changes in the near future.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guyana Cylinder Lock Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Cylinder Lock Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Cylinder Lock Market - Industry Life Cycle |
3.4 Guyana Cylinder Lock Market - Porter's Five Forces |
3.5 Guyana Cylinder Lock Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Guyana Cylinder Lock Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 Guyana Cylinder Lock Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.8 Guyana Cylinder Lock Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.9 Guyana Cylinder Lock Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Guyana Cylinder Lock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Guyana leading to higher demand for security solutions like cylinder locks |
4.2.2 Growing awareness among consumers about the importance of home security |
4.2.3 Rise in urbanization and disposable income levels in Guyana, driving the sales of residential and commercial properties |
4.3 Market Restraints |
4.3.1 Economic instability or fluctuations in Guyana affecting consumer spending on non-essential items like high-end cylinder locks |
4.3.2 Presence of alternative security solutions such as digital locks impacting the traditional cylinder lock market |
4.3.3 Competition from counterfeit or low-quality cylinder locks affecting the reputation and sales of genuine products |
5 Guyana Cylinder Lock Market Trends |
6 Guyana Cylinder Lock Market, By Types |
6.1 Guyana Cylinder Lock Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Cylinder Lock Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Guyana Cylinder Lock Market Revenues & Volume, By Smart Cylinder Lock, 2021- 2031F |
6.1.4 Guyana Cylinder Lock Market Revenues & Volume, By Conventional Cylinder Lock, 2021- 2031F |
6.2 Guyana Cylinder Lock Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 Guyana Cylinder Lock Market Revenues & Volume, By Euro Cylinder, 2021- 2031F |
6.2.3 Guyana Cylinder Lock Market Revenues & Volume, By Oval Cylinder, 2021- 2031F |
6.2.4 Guyana Cylinder Lock Market Revenues & Volume, By Rim Cylinder, 2021- 2031F |
6.2.5 Guyana Cylinder Lock Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Guyana Cylinder Lock Market, By Price |
6.3.1 Overview and Analysis |
6.3.2 Guyana Cylinder Lock Market Revenues & Volume, By Up to US$ 25, 2021- 2031F |
6.3.3 Guyana Cylinder Lock Market Revenues & Volume, By US$ 25 to US$ 50, 2021- 2031F |
6.3.4 Guyana Cylinder Lock Market Revenues & Volume, By Above US$ 50, 2021- 2031F |
6.4 Guyana Cylinder Lock Market, By End-user |
6.4.1 Overview and Analysis |
6.4.2 Guyana Cylinder Lock Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.3 Guyana Cylinder Lock Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5 Guyana Cylinder Lock Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Guyana Cylinder Lock Market Revenues & Volume, By Online, 2021- 2031F |
6.5.3 Guyana Cylinder Lock Market Revenues & Volume, By Offline, 2021- 2031F |
7 Guyana Cylinder Lock Market Import-Export Trade Statistics |
7.1 Guyana Cylinder Lock Market Export to Major Countries |
7.2 Guyana Cylinder Lock Market Imports from Major Countries |
8 Guyana Cylinder Lock Market Key Performance Indicators |
8.1 Number of new construction projects in Guyana incorporating cylinder locks in their security systems |
8.2 Consumer surveys indicating the perception of security and preference for cylinder locks over other options |
8.3 Percentage of households in urban areas of Guyana using cylinder locks for their residential security |
9 Guyana Cylinder Lock Market - Opportunity Assessment |
9.1 Guyana Cylinder Lock Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Guyana Cylinder Lock Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 Guyana Cylinder Lock Market Opportunity Assessment, By Price, 2021 & 2031F |
9.4 Guyana Cylinder Lock Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.5 Guyana Cylinder Lock Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Guyana Cylinder Lock Market - Competitive Landscape |
10.1 Guyana Cylinder Lock Market Revenue Share, By Companies, 2024 |
10.2 Guyana Cylinder Lock Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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