The locksmith market - Portugal

1.1 Definition and scope of study

The first sketches of locks appeared in Ancient Egypt more than 3000 years ago, then in the Romans with metal locks. This study will focus on two distinct activities:

• Manufacturers of locks and accessories ;
• Carpentry work (armouring of external doors, assembly of fire doors, etc.).

The global market for access control is growing, driven by the development of new technologies and wireless security systems . The U.S. market, the leading producer of metal locks and hinges, is growing and is expected to remain so in the coming years. The industry depends to a large extent on several factors, including the market for the construction of new buildings, doors and windows and the changing sense of insecurity.

In Portugal for example, there was a strong expansion of real estate over the last 30 years This represents enormous opportunities for locksmith companies. Both those wishing to enter the market and those already established need to be aware of possible new regulation for the sector. Indeed, the Portuguese Association of Key and Security Systems Companies ( ACOHS ) denounced the lack of locks in Portuguese homes and called for strict regulations. In a highly fragmented market with several small players, investment in innovation and the use of high technology is an excellent opportunity for new and existing players to stand out and gain market share.