Locksmith Services – Industry Analysis, Statistics, Trends, and Forecasts
See the following sections listed below to view available resources by category:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Statistics, Trends, and Forecasts
- Market size and major product and service segments
- Key industry statistics, trends, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
Cygnus Business Media
Locksmith Ledger International
http://www.locksmithledger.com/
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.
Associated Locksmiths of America
Resources available from this trade association include:
What Does a Professional Locksmith/Security Professional Do?
http://www.aloa.org/about /
education /
state-laws
Introductory section provides a summary overview of the profession, with other sections providing information
on education and training required to perform these services, and state, county, and city licensing laws,
regulations, and registration requirements. All information is available free online.
KeyNotes / Safe & Vault Technology Magazines
http://www.aloa.org/
Monthly publications feature news and information for locksmiths, safe technicians, and other security professionals,
with special features including the annual "State of the Industry Roundtable / Year in Review" published
in the December issue of KeyNotes. Publications are available to members only.
McGraw-Hill Professional
Locksmithing, Second Edition
https://www.amazon.com/
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.
Freedonia Group
Security Products
https://www.freedoniagroup.com/
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.
GIA Research
Resources available from this organization include:
Residential Security Systems
http://strategyr.com/
Comprehensive market research report provides in-depth analysis of the residential security systems market,
with product segments analyzed in the report including non-electronic security systems (e.g., pin tumbler,
lever tumbler, disc tumbler, mortise cylinder, and deadbolt locks; bolts and latches; reinforcement hardware;
and other mechanical devices). Table of contents is available free online.
Safes and Vaults
http://strategyr.com/
Comprehensive marker research report provides in-depth analysis of the safe and vault market, with product
segments covered in the report including residential safes and vaults (e.g., home safes, fire and document
safes, media and data safes, gun safes and cabinets, jewelry safes, and other safes), commercial safes and
vaults, and portable units. Detailed table of contents is available free online.
BizMiner Market Analysis Reports
Locksmiths
https://www.bizminer.com Search for "561622" to see available reports
Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.
Financial Statements and Financial Ratios
BizMiner Industry Financial Ratios
Locksmiths
https://www.bizminer.com Search for "561622" to see available reports
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital ratios
- Asset turnover and efficiency ratios
- Capital structure and debt service ratios
IBISWorld Research Reports
Locksmiths
(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.
Compensation and Salary Surveys
U.S. Bureau of Labor Statistics
Locksmiths and Safe Repairers
https://www.bls.gov/oes/
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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