Overview

If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Locks & Security Hardware procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Locks & Security Hardware, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Locks & Security Hardware - Recent Price Trend

The price of locks and security hardware has trended upward at an estimated annualized rate of 2.1% in the three years to 2017. Demand growth stemming from increases 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 stable...

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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...

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About this Report

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.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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