Door Lock & Lockset Manufacturing in the US - Industry Market Research Report

Door Lock & Lockset Manufacturing in the US - Industry Market Research Report

  • October 2019 •
  • 35 pages •
  • Report ID: 5832962 •
  • Format: PDF
Safe and secured: an expected depreciation of the US dollar is anticipated to boost industry revenue


Door Lock & Lockset Manufacturing
The Door Lock and Lockset Manufacturing industry has overcome adverse conditions over the five years to 2019, such as increased international competition and offshoring, through improved demand from key downstream markets. Namely, the recovery of the US residential construction sector during the current period has invigorated demand for industry products. Given that the industry derives the majority of its demand from the construction, home improvement and furniture markets, the recovery of residential construction activity somewhat reduced the strain of import penetration. Nevertheless, continued import competition has tempered industry growth during the period. Overall, industry revenue has increased marginally over the past five years. Industry revenue growth is forecast to accelerate slightly over the five years to 2024, as organic growth in key downstream markets will likely continue to generate demand for industry products.

This industry manufactures classic and keyless door locks and locksets. A door lock is a lock on an exterior door. Lockets are complete locking systems, which include knobs, plates and a locking mechanism.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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