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China's lock industry annual sales of about 40 billion yuan
Nov 24, 2018

China's lock industry annual sales of about 40 billion yuan


At present, the annual sales of the Chinese lock industry is about 40 billion yuan, and the output is 1.9 billion. According to customs statistics, the average annual export growth rate of the lock industry during the “Eleventh Five-Year Plan” period reached 31%, which is twice the average growth rate of the hardware industry. The export value of locks was US$2.082 billion, up 15.9% year-on-year. According to this calculation, the annual export volume was about 4.6 billion US dollars; the import value of locks was 273 million US dollars, up 16.2% year-on-year. It is estimated that the annual import volume will reach 550 million US dollars. .


The increase in the import volume of the lock industry and the growing demand for high-end products in the domestic market have enabled more and more international brands to enter the Chinese market, which will bring huge challenges to domestic enterprises. The overall level of processing equipment in China's lock industry is still quite different from the international advanced level. The medium and low-grade mechanical locks are still the main products, lacking high-level scientific and technological talents and management talents, and the enterprises have insufficient ability to resist risks. To this end, China's lock-making enterprises should actively adopt new technologies, new materials, new technologies and new equipment to improve the overall level of the industry. It is necessary to pay attention to product quality, and work harder to improve the management level of enterprises, eliminate backward production processes, and improve the quality of employees, and meet the challenges with excellent products.