The Hardware Manufacturing industry comprises establishments that manufacture a variety of metal hardware products, including hinges, handles, keys and locks. Over the past five years, the industry has experienced growth as demand for industry products increased, fuelled by improved conditions in the nonresidential construction and automobile manufacturing markets. Despite experiencing slight postrecessionary relief, the industry is not anticipated to continue along its upward trajectory for much longer. Imports will continue growing as the domestic currency appreciates over the five years to 2022. Consequently, the price pressure brought on by relatively affordable foreign-made hardware products will continue to hurt domestic manufacturers and limit industry revenue growth.
This industry manufactures forms of metal hardware. Items produced include metal hinges, metal handles, keys and locks, but exclude time locks and coin-operated locks.
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.