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Summary of our market study
In France, the hardware wholesale trade, which includes locksmithing, is valued at over €4 billion.
Worldwide sales in the access control industry are estimated at $10 billion.
The French locksmithing market is growing slowly, in a landscape marked by the advance of new technologies. The sector includes the manufacture of locks and hardware, and the armoring of exterior doors and installation of fire doors.
The access control segment is growing at an annual rate of 6%. Smart connected locks, often controlled by smartphones, support the booming home automation market. Burglaries are set to rise by 11% by 2022, and consumer security concerns are boosting the market.
Industry leaders such as Assa Abloy and Gretsch-Unitas are subsidiaries of foreign companies.
Traditional locksmith production is growing at an average rate of between 3% and 4% a year.
2023 will be a difficult year due to the downturn in the real estate market, new housing construction and a decline in real estate transactions.
The locksmiths sector has a trade deficit of 250 to 350 million euros
Sector players
- Assa Abloy France SAS: Subsidiary of the Swedish locksmith giant
- Bricard subsidiary of British group Allegion
- Fichet Groupe
- Ferco (Gretsch-Unitas Group): This German group has a wealth of traditional know-how and industry-leading innovation. Its French subsidiary, Ferco, manufactures a range of hardware, door and window components.
- Minibea Access Solutions France: a subsidiary of Japanese industrial giant MinebeaMitsumi brings cutting-edge technology to the sector.
- TB Industrie (Tordo Belgrano Groupe): known by its market name Torbel, this group is a benchmark for shutter hardware, hinges and locks
- U Shin Japanese group
- Latchable
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Summary and extracts
1 Market overview
1.1 Presentation and definition of the locksmith market
Apart from the first lock designs that appeared in Ancient Egypt over 3,000 years ago[Serrurerie.info], then by the Romans with metal locks, the first "modern" locks appeared during the reign of Louis XVI, also known as the locksmith-king. A true locksmith's enthusiast, he promoted this art, particularly in Picardy and more specifically in Vimeu, with modern locks similar to those we know today. [Igloohome] The modernization of locksmithing was both aesthetic and technical, with the advent of combination locks and padlocks.
This study will focus on two distinct activities:
- lock and hardware manufacturers;
- metalworkers and locksmiths (armoring of exterior doors, installation of fire doors, etc.).
The global access control market is expected to grow by an average of 8.4% over the next five years, driven by the development of new technologies and access control systemsnew technologies and wireless security systems. The market in the USA, the world's leading producer of metal locks and hinges, is growing, and should continue to do so over the next few years.
In France, the locks and fittings manufacturing business is set to grow by 5.88% in 2022, driven by a strong price effect. Germany is the sector's main trading partner, being the leading customer and supplier of locks and fittings products, followed by China, Spain and Italy for imports, and Spain, Belgium and Morocco for exports.
The locksmith's market is largely dependent on a number of factors, including the new construction market, windows and doors, and feelings of insecurity. Recently, the locksmith's market has seen a revival with smart connected locks .[Connected objectthese locks can be locked and unlocked remotely using a smartphone or other terminal, usually with a Bluetooth connection. The market for connected locks is booming, supported by the growing popularity of home automation.
Despite significant growth of nearly 6% in 2022, 2023 promises to be a more complex year for the sector. Faced with international crises in the real estate sector, the industry's main customers are experiencing a significant reduction in new housing construction, as well as a drop in transactions in existing property, combined with a decline in household purchasing power . This deterioration in the economic context represents a major challenge for the various players in the sector. In addition, theincrease in Chinese imports, which are taking up an ever-greater share of the market, combined with a worsening balance of trade, represents another problem facing industry players.
1.2 A booming global market
Worldwide access control market
The global market is expected to grow steadily between **** and ****, at a CAGR of +*.*%. [***]Growth in the access control market is being driven by the massive adoption of new technological solutions due to rising crime rates in some parts of the world, technological advances and the deployment ...
1.3 Slow growth in the French market
This study distinguishes two distinct business segments. On the one hand, manufacturers of locks and fittings, whose main activity is to produce all types of locks, bolts, padlocks and fittings for the building and furniture markets, as well as for automobiles, for example. [***]
These two areas of activity correspond to the ...
1.4 Dynamic French foreign trade
In ****, France exported a total of *** million euros worth of base metal locks and other clasps. This figure is down *.*% on ****.
Exports remained very stable between **** and **** (***)
Export figures (***) France, ****-****, Million€ Source: ****
Imports increased by *.*% on average over the ****-**** period, peaking in **** at $*** million. By ****, imports had nevertheless fallen ...
2 Demand analysis
2.1 A sluggish new construction market
The volume of activity in the locksmithing sector is strongly correlated withew housing construction
New housing market :
In terms of new housing sales, we have seen a significant drop in the number of sales orders and reservations since the beginning of ****, coinciding with the arrival of the pandemic.
from the first ...
2.2 The window and door market: A market that's weathering the economic storm
Window and door manufacturers need locksmithing products to design their own products. This market is strongly linked to the favorable regulations governing the energy renovation of buildings.
A study by TBC Innovations reveals that around ***,*** entrance doors were sold in ****.
According to the same study, the typology of doors sold shows ...
2.3 The furniture market: growth in the dark
Locksmiths and lock manufacturers generally include in their range of models hinges, clasps and padlocks, generally used in furniture manufacture. The French furniture market is primarily a renewal market, with low annual variations. In ****, market sales will total €**.** billion . This represents *% growth in value compared to ****.
In ****, thanks to the growing ...
2.4 The automotive industry in decline
the number of new cars sold in France will fall sharply between **** and ****, with an average drop of almost *%. This drop in the number of cars sold is due to the delivery crisis in the sector.
Trend in the number of cars sold in France France, ****-**** Source: ****
In ****, we see ...
2.5 Burglary and feelings of insecurity
The need for locksmithing and ironmongery products is strongly influenced by feelings of insecurity and the incidence of burglaries. Demand for these products is directly impacted by changes in these two factors.
Lhe insecurity factor
According to the study published each year by Insee (***), people's feeling of insecurity at home varies ...
3 Market structure
3.1 Erosion of the industrial fabric, highly concentrated in northern and northeastern France
Since ****, the number of establishments has fallen steadily, from *** to ***, equivalent to a drop of more than * establishments per year on average.
Number of establishments (***)
The number of employees has also fallen sharply between **** and ****, by almost *% per year (***). This was accentuated by the covid crisis in ****. The sector has been ...
3.3 Hardware wholesaling, a growing distribution channel
In the value chain, hardware wholesalers are positioned between hardware and DIY suppliers and manufacturers, and industrial building and civil engineering professionals. They are therefore clearly dependent on the economic performance of the latter sector, which in turn depends heavily on the housing construction and renovation market (***)
The retail hardware market ...
3.4 A relatively concentrated sector
The main lock manufacturers in France are in fact subsidiaries of foreign groups; the top four companies together accounted for around ***.* million euros in **** on French territory. [***]
Assa Abloy
With sales of **.* billion euros in ****, the Swedish group Assa Abloy is the world's leading manufacturer of locks and door opening solutions ...
4 Offer analysis
4.1 Lock operating principles and types
In spite of the different lock mechanisms, the following components are generally found in all locks:
The bolt, a moving part that locks the bolt to the jamb to keep the door closed. It is indirectly activated by the cylinder or handle to lock or unlock access; The striker plate, the ...
4.2 Production prices for locks and fittings
From **** to ****, production prices in the locks and fittings industry rose by a very modest *% per year on average. However, in ****, due to the economic recovery, supply problems and inflation (***), prices rose significantly. In ****,prices rose by *.*%, and this trend continued in **** with a further increase of *.*% compared to ****.
French industry ...
4.3 Pricing by lock type
Locksmith service prices are based on lock replacement or installation services.
In the event of lost or stolen keys, the locksmith can change the lock without damaging the door.Replacement can cost from *** euros to *** euros before tax, depending on the complexity of the new lock
Here are price estimates for ...
4.4 The rise of a more technological offering
Whether directly on locks or on substitute products, the market for door and window security, and more generally for home and building security, is being turned upside down by recent technological innovations promising improved security.the market for door and window security, and more generally for home and building security, is ...
5 Regulations
5.1 Regulations
In France, the locksmith and hardware market is governed by various laws and regulations, particularly those relating to the safety of goods and people. Here are some of the main laws and regulations that apply to this sector:
Activity in this sector is reserved for individuals who hold a professional qualification, ...
6 Positioning the players
6.1 Segmentation
The following segmentation is used for locksmith market players:
- Assa Abloy
- Gretsch-Unitas
- U-Shin
- Tordo Belgrano
- Atrya
- FPEE Industries
- Descours et Cabaud
- Rubix Europe
- Würth
- Havr
- Latchable
- Bricard (Allegion plc Groupe)
- Allegion
- Fichet Groupe
- Pollux
- Pinet Industrie
List of charts presented in this market study
- Estimated worldwide sales in the access control industry
- Sales of lock manufacturers, metalworkers and locksmiths
- Main countries supplying locksmith products
- Main countries for locksmith products
- Export value (Padlocks, locks and bolts: Customs code: 8301)
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- Distribution of ball bearings, hand tools, abrasive products, supplier brands (80%), own labels (20%).
- Sales: 1 billion euros in France by 2022, 3 billion euros at European level.
- Total workforce in France: 2,800.
- Three main warehouses (Picardie, Île-de-France, Landerneau) and a fourth to be launched in Reims in 2023 for European flows.
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the Locksmith's Market | France
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