Technology has changed the locksmith industry a lot over the past 50 years, and consequently, many local locksmith companies have gone out of business.
Doors and entryways no longer typically have traditional bolt-and-key locks and instead have keycard locks and electronic keyless locks. That is because prices have gone down for electronic or digital locking mechanisms, and these technologies are safer.
Locksmiths who have not learned how to install and fix these locks have long gone out of business.
Local locksmithing businesses now operate and primarily advertise online. In the past, people looked to the phone book or heard about a locksmith through word-of-mouth. However, now many locksmiths have their own websites, use hyperlocal social networking apps like Nextdoor, and have an active social media presence.
Lastly, locksmiths now sell a wide range of locksmithing products and locks. They collaborate with large distributors to recommend and sell products and now have to take a more active and broader role in the lock-selling business.
In general, local locksmith companies now need to learn new skills to get ahead in the locksmithing industry and stay in business.