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Door Lock & Lockset Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Jun 18, 2024
Length 85 Pages
SKU # IBSS19023313

Description

Door Lock & Lockset Manufacturing in the US - Industry Market Research Report


Door Lock & Lockset Manufacturing in the US

The Door Lock and Lockset Manufacturing industry has struggled through 2023, with increased international competition and offshoring alongside weak demand from key downstream markets. In particular, the collapse of the residential construction sector following the pandemic has slashed demand. Many companies have also offshored operations, resulting in greater import penetration. Given that the industry derives most of its demand from the construction, home improvement and furniture markets, the downturn in residential construction activity amplified the strain from rising import penetration. Also, the industry declined in 2020 during the COVID-19 pandemic, though strong demand from home improvement stores because of do-it-yourself (DIY) trends stabilized the market. Overall, the industry has been declining at a CAGR of 3.5% over the past five years, and is expected to reach $3.4 billion through the end of 2023. This includes a 5.1% decrease in 2023.

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.

Table of Contents

85 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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