Industry Analysis & Industry Trends
The Lock and Hinge Manufacturing industry is heavily globalised, with several of the world's largest players manufacturing or importing into the UK market. The industry is forecast to generate revenue of £887.9 million in 2016-17, up by 5.5% on the previous year, although this growth is not entirely representative of the past five years. Revenue is forecast to increase at a compound annual rate of just 0.4% over the five years through 2016-17, driven downwards over the first half of the period by a collapse in the construction sector. Investment into the residential and commercial building construction industries nosedived in the wake of the recession, decimating demand for locks and hinges from these markets... purchase to read more
Industry Report - Industry Products Chapter
Over one-third of industry revenue is derived from the manufacture of metal locks and parts. PRODCOM figures indicate that locks contribute a total of 39.5% of industry revenue. The traditional lock manufacturing segment of the industry has been exposed to technological advancements in competing electronic and magnetic mechanisms. It is imperative that traditional manufacturers shore up their existing customer base, differentiate from the emerging technologies or diversify to embrace market trends. The industry also derives a significant proportion of revenue from the manufacture of metal mountings and fittings.
Locks for armoured cupboards and bicycles
This segment includes locks for armoured cupboards and bicycles. Met.. purchase to read more