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Lock & Hinge Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Lock & Hinge Manufacturing Market Research Report | SIC C25.720 | Mar 2017

Locked in: Improving conditions in the construction sector will encourage growth

IBISWorld’s Lock & Hinge Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Assa Abloy Limited Assa Abloy Limited market share
Lowe and Fletcher Limited Lowe and Fletcher Limited market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • The government’s Help to Buy scheme has boosted demand from residential construction
  • Conditions in many downstream markets began to improve towards the end of the period
  • The depreciation of the pound is anticipated to increase purchase costs for industry operators
  • ... purchase to read more

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 Analysis Chapter

The Lock and Hinge Manufacturing industry is highly globalised, with several of the world’s largest players manufacturing or importing into the UK market and servicing local customers through extensive branch networks. Lock manufacturing in the United Kingdom dates back several centuries and is centred in the West Midlands, particularly in the towns of Wolverhampton, Willenhall and Wednesbury. Manufacturers in these towns still make traditional mortise and cylinder locking systems, though some have expanded into more technologically advanced electromagnetic locking systems. However, in recent years, London has become home to an increasing number of industry establishments.

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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 residential building construction and Demand from commercial building construction in the Lock & Hinge Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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 bicyclesOther locks and partsMetal mountings and fittings for buildingsOther metal mountings and fittings Hinges
    Industry Activities
    Manufacturing metal hingesManufacturing metal locks for buildings Manufacturing metal locks for luggage, vehicles, armoured cupboards and bicyclesManufacturing metal mountings and fittings for buildingsManufacturing other metal mountings and fittings (i.e. for trunks, coffins, suitcases and furniture)Manufacturing parts for metal padlocks, locks and claspsManufacturing metal keys presented separately (including skeleton keys)

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Demand from commercial building construction
  • Official bank rate
  • Demand from furniture, carpet and lighting wholesaling
  • World price of steel
  • Current Performance
  • An industry unhinged
  • Foundation for growth
  • Employment and profit
  • Chart: Revenue Growth
  • Industry Outlook
  • Key to growth
  • 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
  • Products & Markets
    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 wholesalers
  • Speciality product manufacturers
  • Other manufacturing and wholesaling
  • Chart: Major Market Segmentation for the Lock & Hinge Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • 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
    Major Companies
    Assa Abloy Limited
    Lowe and Fletcher Limited
  • Table: Assa Abloy Limited - financial performance
  • Table: Lowe and Fletcher Limited - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Lock & Hinge Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Butt Hinges
  • 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.

  • Why Buy this Report?
    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 of 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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