During the recession, the industry's key customers reduced their demand for locks and locksets, severely cutting into revenue. A recovery in construction and car manufacturing is helping support the industry and is expected to contribute to some revenue growth. However, increased imports and offshoring will continue to hinder domestic lock manufacturers, leading to revenue contractions over the next five years.
This industry manufactures door locks and locksets. A door lock is a lock on an exterior door. Lockets are complete locking systems, which include knobs, plates and a locking mechanism.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.