In the future, the demand for locks in China will increase by 20% annually.

- Sep 17, 2018-

In the future, the demand for locks in China will increase by 20% annually.

According to statistics, China has exported locks to 160 countries and regions, earning 8.374 billion yuan in foreign exchange annually. China has become the world's largest producer and consumer of locks. With the increasing demand for decorative home hardware, the future lock market will continue to grow at a rate of more than 20% a year.

In recent years, China's residential housing, commercial housing, automobile production is also increasing rapidly, making China's market demand for various locks is growing.

According to the data obtained by Jiuzheng Building Materials Network, the automobile output in the first half of 2007 was 4.59 million vehicles, an increase of 22.9% over the same period of last year. Among them, 2.43 million cars, an increase of 25.8% over the same period of last year. The rapid growth of automobile production provides a larger development space for the automobile lock market, especially the high-end intelligent anti-theft in car locks. Lock market has great potential.

In addition, China's agricultural vehicle production and sales have increased substantially. With the "automobile" of agricultural vehicles, the demand for locks will also increase substantially. The development of agricultural vehicles will provide a broad market for the locks industry.

From the market situation of locks, the market of door locks will still be dominated by mechanical locks for quite a long time. China's domestic demand and exports are increasing and growing rapidly. The growth of demand provides a good space for the development of locks in China.

At present, China's lock products have changed from the past single to mechanical bullet padlock, door lock mainly to multi-field, multi-color, multi-functional, multi-variety aspects. There are more than 80,000 kinds of products in more than 20 categories, 100 series, and more than 80,000 varieties in the industry. The product structure is also from traditional single tongue door lock, double tongue door lock and other mechanical products to spherical door lock, handle door lock, electronic lock, magnetic card lock, IC lock, automobile lock, motorcycle lock, fingerprint lock, digital lock and other electronic, mechanical and electrical integration, biological identification. Developing in the direction of intellectualization and focusing on the combination of product functionality and decoration, a high, medium and low-grade supporting product system has been basically formed.

However, China's high-end hotels, hotels and other locks still rely on imports, domestic high-end locks market is still controlled by foreign locks, in this respect our products are not yet competitive. Although China's lock industry has improved both in product technology and product grade, the development of high-grade locks still needs efforts.

Therefore, the future direction of China's development is:

1. developing high-grade locks

High-end lock market prospects are optimistic, because high-end lock technology content, more prominent humanization, personalized characteristics, so the product profit is relatively high. We should increase investment in lock technology and promote the upgrading of lock industry in China.

2. implementing brand strategy

The well-known enterprises and brands in the lock industry can produce enormous economic and social benefits. After China's accession to the WTO, China's locks are facing more severe challenges. Competition has prompted enterprises to respond positively, making China's lock production from a big country to a powerful country.

3. implementing diversified development

Lock enterprises should accurately position themselves and market and implement diversified development. In the so-called field, designed to meet the needs of the public and personalized locks, to avoid the fierce competition with the public lock. In addition, enterprises should take the road of diversified markets to avoid being affected by a certain factor and affect the fundamental development of enterprises.