The Door Lock and Lockset Manufacturing industry has overcome adverse conditions in recent years, largely stemming from increased international competition and offshoring through improved demand from key downstream markets. Over the coming years, the industry will start to experience a slowdown in demand for its products as the pace of residential construction slows to a more stable pace. More organic growth in key downstream markets will still generate growing demand for industry products.
This industry manufactures classic and keyless 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.