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The market potential of hardware locks is unlimited, and the high-end locks become a new growth point.
Dec 12, 2018

The market potential of hardware locks is unlimited, and the high-end locks become a new growth point.


In recent years, with the vigorous development of China's hardware market, it is also convenient for the lock market to advance. The total capacity of the lock market has reached more than 70 billion. Zhejiang, Guangdong, Shanghai and Shandong are major central lock manufacturers. Gradually locked market characteristics. The characteristics mentioned here are the industrial cluster development model, the number of integrity lock enterprise clusters and integrated production enterprises, the rapid growth of cluster lock-in market, high sales, high export growth rate, and the growth of import speed, the lock industry is growing International high-end market share.


Hardware locks have unlimited market potential:

The development of hardware locks has undergone a long and complicated evolution process. With the advancement of society, technology and culture, the safety of mechanical locks has become increasingly unable to meet the needs of the market. At present, the development of China's hardware locks is still in the low-end period. The international hardware industry market is relatively complete, and the market share of high-end products is relatively high.


The mechanical industry analyst pointed out that the current lock industry threshold is relatively low, and the hardware lock patent is weakly protected. Even if the hardware locks company has an advanced patented technology, similar products will appear in the hardware lock market. The low threshold of hardware locks in the current environment has led to confusion in the hardware lock market. Infringements in the lock market will happen from time to time. And the hardware lock market lacks brand awareness, the hardware market is everywhere, there are brands, no brands, in short, it is a mixed bag.


Domestic hardware lock products will focus on high precision, high efficiency, high firmness, multi-function, multi-spec, multi-variety scale, serialization, generalization, and display its characteristics. Process and technical enhancement should start from cutting processing technology, stamping technology, die casting technology, surface treatment technology, automatic assembly line and so on. According to the Xiaobian Building Materials Network, China is still a developing country. The hardware lock manufacturers are mainly small and medium-sized enterprises, and the low-level redundant construction is very serious. For the development of hardware lock enterprises, we must first start with products, quality and brand. With the funds, we can better develop high-end products.


The high-end locks have become a new growth point:

The improvement of the production and consumption of Chinese locks is a fact that is obvious to all. The annual sales of the domestic lock industry is as high as 40 billion yuan, the production capacity is over 2 billion sets, and the annual export volume exceeds 10 billion yuan. It is reported that in the future, China's lock market will continue to grow at a rate of more than 20% per year. With this strong continuation, the future of the lock market is unthinkable. 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, market-oriented, product structure adjustment, innovation of science and technology, innovation of new materials and new processes, and establishment of a strong brand of locks with strong influence. The future market for locks still has a long-term development potential.


In the past few years, it has benefited from the domestic and international economic situation and the rapid development of domestic real estate and other related industries, which has promoted the development of China's locks. At present, the lock industry has formed a comprehensive industrial system covering mechanical, electronic and biotechnology, with thousands of colors and across multiple disciplines and industries. At present, the level of lock manufacturing technology and equipment in China has been greatly improved in recent years, and it has approached and reached the world advanced level, laying a foundation for the accelerated upgrading of China's lock industry and integration into international competition.


The opening of the market and the acceleration of China's lock industry and the world's integration process, high-end products will be the market high ground for international competition, lock products with safety, aesthetics and decoration will be the mainstream of the future. The development of electronic smart locks will enter the fast lane of development. According to market research data, the domestic lock market will have a share of high-tech products such as biometrics and electronic technology of 40 billion yuan, with a total of more than 50 million sets. The future competitive landscape will still be brand, quality and channel. In particular, the competition in the future market will no longer be the competition of domestic enterprises. Foreign lock giants have flocked to the Chinese market, and the actions of foreign companies to acquire Chinese enterprises are accelerating.