SIC 7699 | NAICS 561622
The following guide to market research and industry analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.
Select from the following sections to view available resources:
For guides to other industries, see our index.
Industry Analysis, Trends, Statistics, and Forecasts
Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:
Associated Locksmiths of America
Information resources available from this trade association include:
What Does a Professional Locksmith/Security Professional Do?
KeyNotes / Safe & Vault Technology Magazines
Cygnus Business Media
Locksmith Ledger International
Monthly trade journal features news and information for locksmiths and security access professionals, with a primary focus on security products, applications, and installation techniques. Selected articles categorized by topic and from current and prior issues of the magazine can be viewed free online.
Locksmithing, Second Edition
Comprehensive guide covers various types of security products and services offered by professionals in this field and also includes information on starting and operating a storefront or mobile business, licensing and certification requirements, and legal obligations and regulations. Table of contents and selected excerpts from the guide can be previewed online via Amazon.com's "Look Inside" feature.
Comprehensive research study provides in-depth analysis of this product sector, with information provided including historical demand and forecasts by product (e.g., access controls, surveillance systems, vehicle security, locks, and security storage) and market (e.g., consumer, government, institutional, industrial, commercial, and transport). Detailed table of contents is available online.
Information resources available from this organization include:
Residential Security Systems
Safes and Vaults
Financial Benchmarking Data
https://www.bizminer.com Search for "561622"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
(see links for individual reports)
Cost structure benchmarks section of this report provides an analysis of industry costs and profits as a percentage of revenue by income and expense category for companies in this service sector that sell, install, and repair electronic and mechanical locking devices, safes, vaults, and security systems for residential and commercial customers and manage keying and key control systems for these devices.
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U.S. Bureau of Labor Statistics
Locksmiths and Safe Repairers
Annual wage survey provides hourly and annual wage data for individuals whose job responsibilities include providing emergency call services for customers locked out of a vehicle, home, or business; selling, installing, and repairing locks, safes, and vaults; generating, replacing, or duplicating keys or key cards for these security devices; rekeying locks; and changing safe and lock combinations.
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Business Valuation Resources
Small Business Valuation Multiples
Comprehensive reference guide provides market-based valuation multiples for small businesses that sell, install, and repair electronic and mechanical locking devices, safes, and security vaults; generate, duplicate, or replace keys or cards for these devices; change safe and lock combinations; and provide emergency locksmith services for customers inadvertantly locked out of a home, business, or vehicle.