Hinging on trade: Manufacturers will look for growth abroad amid high import penetration

The Hardware Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.


Industry Threats & Opportunities

  • The rapidly rising tide of low-cost imports has continued to erode industry revenue
  • Price-based competition prevents the industry from achieving a substantial profit margin
  • The industry will initially benefit from the revival of US construction, only to return to decline

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    Industry Analysis & Industry Trends

    The Hardware Manufacturing industry is struggling, yet fighting, as it faces various problems, most stemming from international competition. Revenue fell every year from 2003 to 2010, but this trend has since reversed. The rapidly rising tide of low-cost imports continues to erode industry revenue and reinforce a focus on price-based competition. The level of price-based competition prevents domestic manufacturers from implementing price increases despite rising production costs. Furthermore, many companies are moving operations to countries where operating costs are lower, allowing them to earn better profit margins. The industry will continue to experience growth over the next five years. IBISWorld anticipates that industry revenue will increase over the next five years...

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    Industry Report - Industry Analysis Chapter

    The Hardware Manufacturing industry comprises establishments that manufacture a variety of metal hardware products, including hinges, handles, keys and locks. These products are generally used in downstream markets pertaining to construction, automobile and furniture manufacturing. Since 2012, the industry has experienced some growth as demand for industry products increased, fueled by improved conditions in the residential construction and automobile manufacturing markets. Increasing import competition, however, is expected to continue plaguing industry operators, contributing to an expected industry revenue decline by 0.1% over 2017. Overall, industry revenue is anticipated to increase an annualized 1.7% over the five years to 2017 to reach $8.7 billion.


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    Additional Insights for the Hardware Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hardware Manufacturing Industry are

  • Economies of scale
  • Establishment of brand names
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Demand from household furniture manufacturing in the Hardware Manufacturing industry impact industry performance..

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    Industry Products

    What is the Hardware Manufacturing Industry?

    This industry manufactures various forms of metal hardware, including metal hinges, metal handles, keys and locks, excluding time locks and coin-operated locks.

    Industry Products
    Furniture hardware
    Motor vehicle hardware
    Construction hardware
    Other hardware
    Industry Activities
    Metal furniture hardware and caster
    Metal appliance hardware
    Automobile hardware
    Builder's metal hardware
    Industrial caster
    Aircraft hardware
    Metal hinge
    Blank key
    Lock (except coin-operated and time locks)
    Construction hardware

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Demand from household furniture manufacturing
  • Demand from transportation equipment manufacturing
  • Import penetration into the manufacturing sector
  • Trade-weighted index

  • Current Performance
  • Downstream volatility
  • Improving profitability
  • Industry structure
  • Increasing trade deficit
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand and revenue
  • Margins and size
  • Imports and exports
  • Table: Hardware Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hardware Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Home Builders
  • Car & Automobile Manufacturing
  • Aircraft, Engine & Parts Manufacturing
  • Cabinet & Vanity Manufacturing
  • Miscellaneous Product Manufacturing
  • Hardware Stores
  • Security Alarm Services
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Copper Rolling, Drawing & Extruding
  • Ferrous Metal Foundry Products
  • Iron & Steel Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Metal Plating & Treating
  • Screw, Nut & Bolt Manufacturing
  • Wire & Spring Manufacturing

  • Products & Services
  • Construction hardware
  • Motor vehicle hardware
  • Other hardware
  • Furniture hardware
  • Chart: Hardware Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Automobile and parts manufacturers
  • Wholesalers
  • Other manufacturers
  • Hardware and home improvement stores
  • Furniture manufacturers
  • Contractors
  • Other markets
  • Chart: Major Market Segmentation for the Hardware Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Labor costs
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Hardware Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hardware Manufacturing Industry

  • Industry Globalization
    Major Companies
    Assa Abloy ABStanley Black & Decker Inc.Allegion PLCFortune Brands Home & Security Inc.
  • Table: Assa Abloy AB - financial performance
  • Table: Stanley Black & Decker Inc. - financial performance
  • Table: Allegion PLC - financial performance
  • Table: Fortune Brands Home & Security Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hardware Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hardware Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • A manufacturing process by which a liquid material is usually poured into a mold that contains a hollow cavity of the desired shape.
  • Electronic Data Interchange
  • The transmission of electronic documents between businesses from one computer system to another.
  • Normal Trade Relations
  • The trade status of a country that is characterized by low tariffs and limited restrictions. It was formerly known as the Most Favored Nation (MFN) duty rate.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hardware Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hardware Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hardware Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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