According to IBISWorld, the revenues for the Locksmiths industry grew at an annualized rate of 3.5% over the last five years to a total of $2.8 billion. So, why is the demand for locksmiths going up? Here are the top reasons.

1. The Rise in the Number of Emergency Lockout Calls

The number of people calling locksmiths due to lockout incidents has gone up significantly in the past few years. This means that it is also increasingly common for business owners to call a locksmith instead of breaking through their doors themselves.

2. The Need to Rekey Locks

There are various reasons why a business or homeowner might want to rekey their locks. In most cases, this is done as a precautionary measure because it has been determined that their old locks have been compromised somehow. For business owners, it might be that some untrustworthy employees or former employees have copies of the keys to their establishment. For property managers, they might need to rekey because a tenant has moved out.

3. The Growing Need for High-Security Locks

High-security locks are necessary for certain locations, such as banks, government buildings, and businesses, to keep them secure. This also means that commercial locksmiths specializing in handling and installing high-security locks are

increasingly needed.

4. The Need for a Locksmith at Other Times

The need for a locksmith exists outside of lockout and break-in emergencies, i.e., when you lose your keys or even if there is a faulty lock. Someone who can solve these problems quickly and efficiently goes a long way in saving time and money for the consumer. The demand for commercial locksmiths is going up in all these cases as more and more people start realizing the benefits of calling a commercial locksmith.

5. An Increase in the Number of Commercial Buildings Coming Up

The commercial sector has been growing steadily for many years now, and the number of new office buildings, malls, etc., is increasing as well. As a result, there is an increased demand for commercial locksmiths specializing in commercial security and those who can handle large-scale projects.

The demand for locksmiths is going up and will continue to do so in the future. Locksmiths who offer quick and efficient services for resolving lockouts, rekeying locks, and installing commercial security hardware will find more business opportunities. For more information on how we can help secure your business, give American Security Safe and Lock a call today.