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Locks & Security Hardware Procurement Research Report | Published: Mar 2016

Helping businesses make better purchasing decisions, faster

Locks & Security Hardware: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Locks & Security Hardware Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Locks & Security Hardware.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 13-16
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 16-19
Price Change
Locks & Security Hardware - Recent Price Trend

The price of locks and security hardware has been trending upward at an estimated annualized rate of 1.7% in the three years to 2016. Increasing demand stemming from growth in domestic construction, new car sales and the number of businesses has been the primary driver of price growth. Although demand has grown and caused prices to rise, price volatility has remained low, providing buyers with a... purchase to read more

Locks & Security Hardware - Total Cost of Ownership

Locks and security hardware have a moderate total cost of ownership. When looking to purchase a lock, the buyer must ensure that the door has the proper thickness and infrastructure to support that lock. Additionally, when selecting the complexity of the lock, the buyer should assess the security needs of the building, storage unit or car for which the lock is intended. Buyers' total cost of... purchase to read more


About This ReportRelated ReportsTable of Contents

This report is intended to help buyers of locks and security hardware. Locks include any electronic or mechanical clasps released by way of a physical object (such as a key, keycard, radio frequency identification card, security token or fingerprint) or by entering confidential information (such as a key code, password or combination). This report excludes lock accessories, surveillance and detection equipment and alarm systems.

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