Industry Analysis & Industry Trends
Dead bolted
During the recession, the industry's key customers reduced their demand for locks and locksets, severely cutting into revenue. A recovery in construction and car manufacturing is helping support the industry and is expected to contribute to some revenue growth. However, increased imports and offshoring will continue to hinder domestic lock manufacturers, leading to revenue contractions over the next five years.... purchase to read more
Industry Report - Industry Investment Chapter
The Door Lock and Lockset Manufacturing industry is capital intensive. In addition to acquiring, maintaining and updating specialized technical equipment, companies must have access to competitively priced raw materials like steel. At the same time, companies require a skilled workforce. Door, mechanical and electromagnetic locks can require customization, and thus, employees with a high level of technical product knowledge and insight into customers' needs. Consequently, new entrants must be able to attract skilled labor, especially technical engineers, which represents a significant cost. Industry firms also need research and development teams to develop new technologies to remain competitive. Industry firms spend an estimated $0.51 on capital for every dollar spent on labor... purchase to read more