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Hardware Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hardware Manufacturing Market Research Report | NAICS 33251 | Apr 2017

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

IBISWorld’s Hardware Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
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... ... purchase to read more

Industry Report - Industry Locations Chapter

The geographic distribution of the US Hardware Manufacturing industry relates to the historical development of its customer markets. As a large portion of product demand is related to the transportation market, hardware manufacturing establishments are generally situated in regions where automobile manufacturers are concentrated. As a result, many industry establishments are located in the Great Lakes, West and Southeast regions.

Another key market is the construction sector. The location of these customers is influenced by population dispersion, general economic activity and construction investment. In general, more populated regions will have a greater demand for residential dwellings. This, in turn, will increase the need for consumer hardware products.

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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... purchase to read more


    Industry ProductsRelated Reports

    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 hardwareMotor vehicle hardwareConstruction hardwareOther hardware
    Industry Activities
    Metal furniture hardware and casterMetal appliance hardwareAutomobile hardwareBuilder's metal hardwareIndustrial casterAircraft hardwareMetal hingeBlank keyLock (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 AB
    Stanley Black & Decker Inc.
    Allegion PLC
    Fortune 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
  • Includes:
  • 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 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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