Smart door locks developed

- Feb 06, 2019-

Smart door lock has become an alternative for interior door lock, it attracts a lot of customers to study about it, but is it really a good option to replace normal mechanical door locks? How will smart door locks develop in future? 


350 million families, 50 million sets of new locks are in need every year in China.


According to relevant statistics, at present, the total population of China is about 1.4 billion, there are 350 million families. If every family choose to use a set of smart fingerprint door lock, 100 million sets of new locks will be in need, suppose the price of every set of smart fingerprint door lock is 2000 RMB, the gross output value will be 200 billion RMB every year.


A set of lock can be used for 10 years, so at least 50 million sets of new locks are in need every year. What’s more, currently, there are still many old apartments using traditional mechanical door locks in low safety standard, which probably have to be upgraded and changed to use safer door locks. If half of these 50 million sets of new locks are smart fingerprint door lock, then 25 million sets of smart fingerprint door lock will be in need, suppose the price of every set of smart fingerprint door lock is 2000 RMB, the gross market value will be 50 billion RMB every year.