The Locksmiths industry endured weak performance during the past five years as housing markets crashed and constrained demand for services. While demand will strengthen in the next five years, external competition from large security companies will limit revenue growth. Furthermore, consumers will increasingly perform simple industry-related services themselves, hampering growth. Nevertheless, improvement in existing home sales will cause revenue to increase marginally.
This industry performs installation, repair, rebuilding and adjusting services for security systems, as well as lock management of keying and key control systems. Companies also sell mechanical or electronic locking devices, safes and security vaults.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.