Description of a Locksmith
A locksmith installs, repairs, opens, and maintains locks and keys. Locksmiths cut new keys, assist during lockouts, and ensure proper lock functioning. Some common locksmiths are emergency, automotive, and safe locksmiths.
Starting a Locksmith Business
To start a locksmith business, follow these steps:
- Obtain permits and licenses
- Purchase key cutters, lock picks, and other necessary equipment
- Market services to target customers
Industry Insights
- Market Size: The Locksmiths industry revenue is $2.8 billion in 2021.
- Cost: Locksmiths cost $157 on average.
Employment in Locksmithing
- Employability: CareerExplorer rates locksmiths with a F employability rating.
- Job Forecast: It is expected that the US will need 3,300 locksmiths over the next 10 years.
Growth in the Locksmith Industry
The annual growth of the locksmith industry is about 1.9% due to increased demand for new homes and cars.
Dominance of Small Businesses
The locksmithing industry in the United States is mainly composed of small local companies.