How Many Locksmith Businesses Are There in the US?

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Overview of the Locksmith Industry

  • There are currently an estimated 28,700 locksmith businesses in the United States.
  • Locksmithing continues to evolve with new job opportunities available to those with technical skills.
  • The locksmith job market is expected to shrink by -3.1% between 2016 and 2026.
  • Locksmiths need to understand the factors affecting their industry for planning and career training.

Market Insights

  • The market size, measured by revenue, of the Locksmiths industry is $2.8bn in 2021.
  • Locksmiths cost $157 on average, with a typical range between $97 and $216.
  • Regional variations exist in the income generated by automotive locksmith services businesses across the US.

Industry Trends and Opportunities

  • The demand for locksmiths is tied to construction, housing, and automotive industries.
  • The annual growth of the locksmith industry is about 1.9% due to the demand for new homes and cars.
  • The locksmithing industry is dominated by small businesses, with the largest companies employing a few thousand locksmiths each.

Future Outlook

  • Traditionally trained locksmiths are expected to retire, making way for new graduates with cutting-edge security technology skills.
  • Over the next 10 years, the US is projected to need 3,300 locksmiths.
  • CareerExplorer rates locksmiths with a F employability rating, indicating poor employment opportunities in the foreseeable future.

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