Unlocking growth: Construction activity, largely in the residential market, has propelled revenue

The Lock and Hinge Manufacturing industry is highly globalised, with several of the world’s largest players manufacturing or importing into the UK market. Over the past five years, the industry has benefited from rising demand from both residential and commercial construction sectors. However, demand from vehicle manufacturing has declined recently, negatively affecting the industry. Strong housebuilding activity, supported by the government’s Help to Buy scheme, and capital investment in commercial projects has increased demand for industry products. However, a period of economic uncertainty has affected investment in new commercial projects. Overall, industry revenue is forecast to increase at a compound annual rate of 3.1% to reach £972.7 million over the five years through 2019-20...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • Import penetration is strong, but construction activity has supported industry revenue growth
  • Support for the residential construction market has supported demand and revenue growth
  • Car manufacturing activity is expected to recover, benefiting demand and supporting revenue growth
  • Industry Report - Industry Investment Chapter

    The Lock and Hinge Manufacturing industry has a moderate level of capital intensity. Applying wages as a proxy for labour and depreciation as a proxy for capital investment, the industry is estimated to have a capital-to-labour ratio of 1:5.41 in 2019-20. This indicates that for every £1.00 spent on capital, industry operators will spend approximately £5.41 on wages. Conversely, for every £1.00 spent on wages or labour, firms are expected to spend 18p on capital. IBISWorld expects that wages will represent 19.5% of industry revenue in the current year, while depreciation will account for 3.6% of revenue. The...purchase to read more.

    Additional Insights for the Lock & Hinge Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Lock & Hinge Manufacturing Industry are

  • Establishment of brand names
  • Having a good technical knowledge of the product
  • Having a diverse range of clients
  • IBISWorld analysts also discuss how external factors such as Demand from commercial building construction and Demand from residential building construction in the Lock & Hinge Manufacturing industry impact industry performance..

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    What's in this report

    What is the Lock & Hinge Manufacturing Industry?

    This industry includes firms that manufacture locks, hinges, and metal mountings and fittings used in buildings, furniture, vehicles and other applications.

    Industry Products
  • Locks for armoured cupboards and bicycles
  • Other locks and parts
  • Metal mountings and fittings for buildings
  • Other metal mountings and fittings
  • Hinges
  • Industry Activities
  • Manufacturing metal hinges
  • Manufacturing metal locks for buildings
  • Manufacturing metal locks for luggage, vehicles, armoured cupboards and bicycles
  • Manufacturing metal mountings and fittings for buildings
  • Manufacturing other metal mountings and fittings, such as for trunks, coffins, suitcases and furniture
  • Manufacturing parts for metal padlocks, locks and clasps
  • Manufacturing metal keys presented separately, including skeleton keys
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from commercial building construction
  • Demand from residential building construction
  • Real effective exchange rate
  • Demand from furniture, carpet and lighting wholesaling
  • World price of steel
  • Demand from metal door and window manufacturing

  • Current Performance
  • Constructing growth
  • Firm foundations
  • Employment and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Key to growth
  • The EU referendum
  • Demand and profit
  • Table: Lock & Hinge Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Lock & Hinge Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Carpentry & Joinery Product Manufacturing
  • Metal Door & Window Manufacturing
  • Motor Vehicle Manufacturing
  • Kitchen Furniture Manufacturing
  • Joinery Installation
  • Hardware, Plumbing & Heating Equipment Wholesaling

  • Key Selling Industries
  • Aluminium Production
  • Copper Production

  • Products & Services
  • Other metal mountings and fittings
  • Locks for armoured cupboards and bicycles
  • Other locks and parts
  • Hinges
  • Metal mountings and fittings for buildings
  • Chart: Lock & Hinge Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Building supplies wholesalers and retailers
  • Furniture manufacturers
  • Window and door manufacturers and wholesalers
  • Other manufacturers and wholesalers
  • Speciality product manufacturers
  • Chart: Major Market Segmentation for the Lock & Hinge Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Lock & Hinge Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Lock & Hinge Manufacturing Industry

  • Industry Globalization
    Assa Abloy Limited, Lowe and Fletcher Limited,
  • Table: Assa Abloy Limited - financial performance
  • Table: Lowe and Fletcher Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Lock & Hinge Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Lock & Hinge Manufacturing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Butt Hinge
  • A form of hinge often used to fix doors to door frames.
  • Camlock
  • A fastening device that utilises a tab that is turned to engage a catch.
  • Fenestration
  • The design, construction or presence of openings such as windows and doors in a building.
  • Help To Buy
  • A government scheme to help individuals purchase houses.
  • Locksmith
  • A person who makes or repairs locks and fixes keys and fastening mechanisms.
  • Slamlock
  • A form of lock that automatically locks and secures when a door is closed.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Lock & Hinge Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Lock & Hinge Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Lock & Hinge Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Lock & Hinge Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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