The Locksmiths industry's demand is tied to the performance of the commercial and residential markets. Therefore, locksmiths benefited from steady business creation and a rebounding housing market over the past five years. In the coming years, demand for the industry is expected to strengthen, aided by continued recovery in the housing market as well as growth in the number of US businesses. Moreover, anticipated growth in the total number of motor vehicle registrations will slightly increase demand for emergency automotive locksmith services, which account for a significant share of industry revenue.
This industry performs installation, repair, rebuilding and adjusting services for security systems, as well as lock management of keying and key control systems. Companies also sell mechanical or electronic locking devices, safes and security vaults.
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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