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Locksmiths in the US - Industry Market Research Report

Publisher IBISWorld
Published Jun 23, 2025
Length 44 Pages
SKU # IBSS20155859

Description

Locksmiths in the US

The performance of the construction and housing markets drives performance in the industry. Businesses depend on locksmiths to install mechanical locks, doors, gates safes, security surveillance and monitoring systems. Homeowners, property managers and landlords also rely on locksmiths to install locks and security systems. Locksmiths benefited from steady business creation and a strong housing market before the pandemic, but rising interest rates cut into the housing market's growth. Overall, the industry has contracted at an estimated CAGR of 0.1% to $2.6 billion through 2023, when profit rose to 6.2%.

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 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.

Table of Contents

44 Pages
TABLE OF CONTENTS

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

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