In 2023, the sold production of base metal cylinder locks used for doors of buildings in the UK stood at 25.175 million euros. The forecast shows a consistent decline in production over the next five years. From 2024 to 2028, annual production is projected to decrease from 24.363 million euros to 21.238 million euros. This represents a year-on-year average decline of approximately 3.2% over the 5-year period.
Future trends to watch for include:
- Technological advancements in lock design, possibly affecting demand patterns.
- The impact of Brexit on manufacturing and import/export supplies.
- Population growth and housing market trends influencing lock demand.
- Increased focus on security trends and their impact on production volumes.
