Locksmiths - Market Size, Financial Statistics, Industry Trends
Industry Overview
This U.S. industry comprises establishments primarily engaged in (1) selling mechanical or electronic locking devices, safes, and security vaults, along with installation, repair, rebuilding, or adjusting services or (2) installing, repairing, rebuilding, and adjusting mechanical or electronic locking devices, safes, and security vaults. Cross-References. Establishments primarily engaged in--Source: U.S. Census Bureau
Locksmiths Market Size
This report includes historical and forecasted market sizes and industry trends for Locksmiths. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Locksmiths industry.| Historical | Forecasted | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
| Market Size (Total Revenue) | Included in Report |
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| % Growth Rate | |||||||||||
| Number of Companies | |||||||||||
| Total Employees | |||||||||||
| Average Revenue per Company | |||||||||||
| Average Employees per Company | |||||||||||
Industry Revenue ($ Billions)
Industry Forecast ($ Billions)
Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Locksmiths industry.
Geographic Breakdown by U.S. State
Locksmiths market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Locksmiths companies in the United States.Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Locksmiths |
|---|---|---|
| Small Business (< 5 Employees) | Included |
|
| Small Business (5 - 20) | ||
| Midsized Business (20 - 100) | ||
| Large Business (100 - 500) | ||
| Enterprise (> 500) | ||
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Locksmiths company (both public and private companies are included).
| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | Included |
|
| Operating Revenue | ||
| Cost of Goods Sold (COGS) | ||
| Gross Profit | ||
| Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| Earnings Before Interest and Taxes (EBIT) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.| Financial Ratio | Industry Average |
|---|---|
| Profitability Ratios | Included |
| Profit Margin | |
| ROE | |
| ROA | |
| Liquidity Ratios | |
| Current Ratio | |
| Quick Ratio | |
| Activity Ratios | |
| Average Collection Period | |
| Asset Turnover Ratio | |
| Receivables Turnover Ratio | |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Locksmiths industry accounting for the largest revenue sources.| Product Description | Description | Revenue ($ Millions) |
|---|---|---|
| Industry total | Included |
|
| Building security sys & lock inst & repair (without monitoring) | ||
| Bldg security sys & lock inst & repair (w/o monitoring) - non-res | ||
| Bldg security sys & lock inst & repair (w/o monitor) -residential | ||
| Key duplication services | ||
| Resale of merchandise | ||
| Resale of over-the-counter merchandise | ||
| All other operating receipts | ||
| Building security system services (with monitoring) | ||
| Non-residential security system services | ||
Compensation and Salary Surveys
Salary information for employees working in the Locksmiths industry.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% |
Included |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Sales and Related Occupations | 12% | |||
| Sales Representatives, Services | 8% | |||
| Miscellaneous Sales Representatives, Services | 8% | |||
| Sales Representatives, Services, All Other | 8% | |||
| Office and Administrative Support Occupations | 25% | |||
| Information and Record Clerks | 8% | |||
| Customer Service Representatives | 7% | |||
| Customer Service Representatives | 7% | |||
| Installation, Maintenance, and Repair Occupations | 44% | |||
| Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 30% | |||
| Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 30% | |||
| Security and Fire Alarm Systems Installers | 29% | |||
| Other Installation, Maintenance, and Repair Occupations | 11% | |||
| Miscellaneous Installation, Maintenance, and Repair Workers | 10% | |||
| Locksmiths and Safe Repairers | 9% | |||
Government Contracts
The federal government spent an annual total of $4,592,911 on the Locksmiths industry. It has awarded 289 contracts to 101 companies, with an average value of $45,474 per company.Top Companies in Locksmiths and Adjacent Industries
| Company | Address | Revenue ($ Millions) |
|---|---|---|
Included |
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