Hardware Manufacturing in the US - Industry Market Research Report

On Lock: a Rise in the Value of Residential Construction Will Likely Strengthen Demand for Industry Products

Operators in the Hardware Manufacturing industry produce a variety of metal hardware, including metal hinges, metal handles, keys and locks, excluding coin-operated and time locks. In addition to the automobile market, industry performance is heavily dependent on both residential and nonresidential construction activity. Amid the COVID-19 pandemic, nonresidential construction projects were halted or postponed due to government-mandated establishment closures and restrictions. Moreover, demand for new cars struggled amid the pandemic, as the substantial shift to online interconnectivity for both work and education, along with stay-at-home orders, weakened the need for cars. The Hardware Manufacturing industry manufactures various forms of metal hardware, including metal hinges, metal handles, keys and locks, excluding time locks and coin-operated locks. 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.