Locking up: Industry growth will mirror that of the residential construction sector

IBISWorld’s industry research report on Door Lock & Lockset Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.


Industry Threats & Opportunities

  • The recovery of the US residential construction sector has invigorated demand for industry products
  • Increased employee productivity has bolstered industry profit margins
  • The drop in industry revenue growth will partly reflect a more stable residential market

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    Industry Analysis & Industry Trends

    The Door Lock and Lockset Manufacturing industry has overcome adverse conditions in recent years, largely stemming from increased international competition and offshoring through improved demand from key downstream markets. Over the coming years, the industry will start to experience a slowdown in demand for its products as the pace of residential construction slows to a more stable pace. More organic growth in key downstream markets will still generate growing demand for industry products...

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    Industry Report - Industry Products Chapter


    The Door Lock and Lockset Manufacturing industry produces a variety of products, including locksets and locks. The term “lockset” refers to the hardware that makes up a locking mechanism found on doors or hinged objects. Locksets include the door handle, latch bolt and deadbolt. There are different types of locksets, with the most popular being passage, privacy, entry, classroom, storeroom and asylum. The names derive from the lockset's function. For example, a passage lockset includes a lever or knob on either side of the door and a latch to hold the door shut. There are no keys involved. A privacy lockset, which can be locked only from the inside, is typically used in restrooms, residential bedrooms and offices. It ..

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    Additional Insights for the Door Lock & Lockset Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Door Lock & Lockset Manufacturing Industry are

  • Establishment of brand names
  • Having a good technical knowledge of the product
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Import penetration into the manufacturing sector in the Door Lock & Lockset Manufacturing industry impact industry performance..

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    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
  • Import penetration into the manufacturing sector
  • Crime rate
  • Demand from household furniture manufacturing
  • Trade-weighted index

  • Current Performance
  • Opening up production
  • Increasing import competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Slowing demand for industry products
  • The domestic market
  • Profit set to remain high
  • Table: Door Lock & Lockset Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Door Lock & Lockset Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Home Builders
  • Hardware Stores
  • Security Alarm Services

  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Metal Plating & Treating
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • Locksets
  • Deadbolt locks
  • Keyless locks
  • Other
  • Chart: Door Lock & Lockset Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Automobile manufacturers
  • Contractors
  • Office furniture manufacturers
  • Home improvement stores
  • Other
  • Chart: Major Market Segmentation for the Door Lock & Lockset Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesLabor and capitalOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Door Lock & Lockset Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Door Lock & Lockset Manufacturing Industry

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

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Door Lock & Lockset 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 Door Lock & Lockset 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
    Jargon & Glossary
    Keyless Lock
  • A lock operated by push buttons and not requiring a key.
  • Lockset
  • A complete lock system, including the lock mechanism, knobs, keys, plates, strikes and other accessories.
  • Privacy Lockset
  • Locks used in restrooms, bedrooms and sometimes offices that can only be locked from the inside for privacy.
  • 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 Door Lock & Lockset 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 Door Lock & Lockset 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 Door Lock & Lockset Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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