Lock & Hinge Manufacturing in the UK - Industry Market Research Report

Safe and Sound: After Heavy COVID-19 Disruption, Growing Construction Activity Pushes Up Lock and Hinge Sales

The Lock and Hinge Manufacturing industry is highly globalised, with several major global manufacturers operating or importing into the UK market. Before the COVID-19 outbreak in 2020-21, the industry benefitted from expanding residential and commercial construction markets. In particular, solid housebuilding activity, supported by the government's outlandish commitment to building 300,000 homes annually in the mid-2020s and high capital investment in commercial projects, fuelled revenue growth. Vehicle manufacturing was less lucrative over the same period. Over the five years through 2022-23, industry revenue is forecast to contract at a compound annual rate of 0.2% to £1 billion. Import penetration thanks to the cost advantages of manufacturing giants like China and Germany. This industry includes companies that manufacture locks, hinges, metal mountings and fittings used in buildings, furniture, vehicles and other applications. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.