Door Lock & Lockset Manufacturing
Given that the industry derives the majority of its demand from the construction, home improvement and furniture markets, the recovery of residential construction activity during the current period signaled a new shift in domestic production, leading demand for industry products to improve. Overall, industry revenue is expected to increase.Over the past five years, the number of industry manufacturing facilities has grown marginally as companies have returned to domestic production to fulfill the pent-up demand from residential construction.Over the five years to 2023, industry revenue growth is projected to decelerate, increasing at a slower annualized rate. The industry will begin to experience a slowdown in demand for its products as the pace of residential construction normalizes to a more stable pace.
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.
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