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Locksmiths Industry: Statistics, Market Size, Forecast

Locksmiths - Market Size and Industry Forecast

The 2021 Locksmiths Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2016 to 2026 reflect industry trends and growth patterns. Revenues include both public and private companies in the locksmiths industry.

HistoricalForecasted
20162017201820192020202120222023202420252026
Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Locksmiths - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Locksmiths companies in the United States.

Locksmiths Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesLocksmiths
Small Business (< 5 Employees)

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Locksmiths - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Locksmiths - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Locksmiths - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

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

Locksmiths - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations6%

Chief Executives0%
General and Operations Managers4%
Sales and Related Occupations12%
Sales Representatives, Services8%
Miscellaneous Sales Representatives, Services8%
Sales Representatives, Services, All Other8%
Office and Administrative Support Occupations25%
Information and Record Clerks8%
Customer Service Representatives7%
Customer Service Representatives7%
Installation, Maintenance, and Repair Occupations44%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers30%
Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers30%
Security and Fire Alarm Systems Installers29%
Other Installation, Maintenance, and Repair Occupations11%
Miscellaneous Installation, Maintenance, and Repair Workers10%
Locksmiths and Safe Repairers9%

Government Contracts

In the past, 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.

Locksmiths and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)





Locksmiths Industry Report
GeographyUnited States  
Publication DateOctober 2021
Report FormatPDF Download  
Price

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