Locksmith Services – Industry Analysis, Statistics, Trends, and Forecasts
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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
https://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
What Does a Professional Locksmith/Security Professional Do?
https://aloa.org/
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.
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
Locksmiths
- 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
Locksmith Services
Financial benchmarks section provides detailed comparative income statements and balance sheets and over twenty-five industry financial ratios, with financial benchmarks available for each of the five most recent fiscal years and on a historical average basis for three-year, five-year, and ten-year time periods. Sample spreadsheet that includes breakdowns by total asset size can be viewed free online.
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.
PayScale, Inc.
Locksmith Services
https://www.payscale.com/
Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as general manager, operations manager, sales manager, service manager, locksmith, safe repairer, project manager, field service technician, office manager, and bookkeeper, with companies for which wage data is provided including Dent Wizard International Corporation and Pop-A-Lock® franchisees.
BV Guides and Databases
BVMarketData
Private Company Sales Transaction Databases
https://www.bvresources.com/
Audio and Video Equipment Manufacturers
Electrical Contractors
Security Guard Services
Security Systems and Alarm Services
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