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The development of the domestic lock market still has long-term potential
Oct 10, 2018

The development of the domestic lock market still has long-term potential

 In recent years, with the vigorous development of China's hardware market, the lock market has also risen. The overall capacity of the lock market has now reached 70 billion, while Zhejiang, Guangdong, Shanghai and Shandong are the main concentration areas for lock manufacturers. The lock market is gradually showing its features. The characteristic referred to here is the development model of industrial clusters.


In recent years, with the vigorous development of China's hardware market, the lock market has also risen. The overall capacity of the lock market has now reached 70 billion, while Zhejiang, Guangdong, Shanghai and Shandong are the main concentration areas for lock manufacturers. The lock market is gradually showing its features. The characteristic referred to here is the development model of industrial clusters. The number of companies in the cluster is large and the comprehensive output of enterprises is large. The market for cluster locks is strong, sales are high, the proportion of export growth is high, and imports are high. The speed is also growing, and the international market share of the lock industry is increasing.


The development of hardware locks needs to improve product quality and be market-oriented


After decades of reform and opening up, China's lock industry, a traditional and emerging industry, has accelerated its evolution to modern manufacturing. According to incomplete statistics, by the end of 2012, China's lock industry has formed an annual output value of 60 billion yuan, and China is well-deserved as the world's first major lock-up country.


In terms of development quality, hardware, including the lock industry, still has significant gaps in product quality grade, R&D design capability, independent brand and marketing channel construction, total factor productivity and international competitiveness. Chinese lock companies should continuously enhance their independent innovation capabilities, high-end manufacturing capabilities, marketing capabilities and brand influence, and promote China's transition from a big lock manufacturing country to a manufacturing power.


At present, the annual sales volume of national locks can reach 2.2 billion. The annual demand for fingerprint locks in the commercial market can reach 5 million sets, for example, for corporate finance, military police stations, office life, etc. At the same time, the demand for the civilian market is also growing. Whether it is a traditional mechanical lock, or a modern electronic lock, or even the current access control locks in high-rise buildings, the Chinese lock industry as a whole is irresistibly developing.


In 2012, China's lock products were exported to 208 countries and regions, and the cumulative export volume reached US$5.229 billion. Small locks can produce 60 billion yuan, which is benefited from industrial transformation and upgrading, modern high-tech applications, corporate brand management and market demand growth. High-tech transformation of traditional industries has achieved remarkable results in the lock industry, and the Chinese lock industry has formed a coverage. It integrates machinery, electronics and biotechnology, and has thousands of varieties of colors, spanning a multi-disciplinary and multi-industry comprehensive industrial system. According to customs statistics, the average annual export growth rate of the lock industry in the 11th Five-Year Plan period reached 31%, which is twice the average growth rate of the hardware industry.


With this strong continuation, the future of the lock market is unimaginable. The variety of locks and the richness of the market highlight the necessity of the development of the lock market. It is the only way for the future of China's lock industry to create a labor-intensive industry with high thresholds, high specialization and high-end locks.


As long as the product quality standards are improved, the market is oriented, the product structure is adjusted, the science and technology are innovated, the research and development of new materials and new processes are intensified, and the market of locks with strong influence is established. The future market for locks still has a long-term development potential.