In 2023, the sold production of base metal locks for doors of buildings in France was valued at 75.5 million euros. From 2024 through 2028, forecasts indicate a steady growth in this sector, with an average annual growth rate of approximately 0.65%. The year-on-year growth for 2024 is projected at 0.79%, increasing slightly each subsequent year to around 0.53% in 2028.
Future trends to watch for include innovations in lock technology, such as smart locks and increased demand for security upgrades, which could drive higher growth. Additionally, environmental and regulatory changes might impact production costs and spur investments in sustainable production methods.
