Talking about the development of the hardware lock industry in the second half of the year

High-end locks are the mainstream of consumption in the current market, but domestic production companies are at a disadvantage in this regard. In view of the current overall situation, domestic lock manufacturers should strengthen brand awareness, pay attention to product quality improvement and production process improvement. In general, there is ample room for development in the domestic hardware lock market, and companies should seize the opportunity.

In recent years, with the booming development of China's hardware market, the lock market has also been declining. The overall capacity of the lock market has now reached as much as 70 billion. Zhejiang, Guangdong, Shanghai, and Shandong are key areas for lock manufacturers.

At present, the annual sales of locks in the country can reach as many as 2.2 billion, and the market demand for fingerprint locks can reach 5 million per year, for example, for corporate finance, military police stations, and office life. At the same time, the demand in the civilian market is also growing. Whether it is traditional mechanical locks, or modern electronic locks, and even the current access locks in high-rise buildings, China's lock industry as a whole is developing irresistibly.

With this strong trend continuing, the future of the lock market is inconceivable. The variety of locks and the richness of the market highlight the necessity of the development of the lock market. Creating labor-intensive and characteristic industries with high threshold, high specialization, and high-end locks is the only way for China's lock industry in the future.

With the opening of the market and the acceleration of the lock industry in China and the world, the high-end products will be a high market for international competition. It will be safe, beautiful, practical and decorative. It is understood that the future competitive landscape will still be the brand, quality and channels. . In particular, competition in the future market will no longer be a competition among domestic enterprises. Foreign giants of locks have flooded into the Chinese market, and foreign companies’ acquisition of Chinese companies is accelerating.

Compared to Western developed countries, China's hardware lock industry is still at the low end, the industry chain is immature. The biggest feature is the large number of small and micro enterprises. Although this can make the market fully competitive, the phenomenon of serious homogeneity has seriously hampered the development of the industry. At present, there are relatively few brand names that are recognized and well-known by consumers in China. Although the development trend is good, the level of competition is still relatively low. When the quantitative change triggers a qualitative change, the industry still lacks a genuine innovation force to promote such a leap.

Customs statistics show that 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, and the growth trend is believed to extend into the 12th Five-Year Period. From the perspective of imports, the continuous increase in imports indicates that the domestic market is increasingly demanding for foreign high-end brands. It also reflects the weakness of domestic brands and the inability to enter the domestic high-end market. Therefore, it can be said that the entire industry has a vast future but has many challenges. Whether it can occupy the market on its own site still requires domestic hardware lockers to truly realize the importance of the brand.