Hardware lock market booming

In recent years, with the booming development of China's hardware market, the lock market has also taken a turn for the better. The total capacity of the lock market has now reached 70 billion, while Zhejiang, Guangdong, Shanghai and Shandong are the main focus of lock manufacturers. The market for locks has gradually emerged in terms of characteristics, and the international market share of high-end locks has also become higher and higher.

The development of hardware locks needs to improve product quality and market orientation. After decades of reform and opening up, China's lock industry, which is both traditional and emerging, has accelerated its evolution to modern manufacturing. It is understood that by the end of 2012, China's lock industry has formed an annual output value of 60 billion yuan***, China is already worthy of the world's largest lock-making country.

Judging from the development quality, there are still significant gaps in the hardware industry including the product quality level, R&D and design capabilities, independent brand and marketing channel construction, total factor productivity, and international competitiveness. China's lock enterprises should continue to enhance their independent innovation capabilities, high-end manufacturing capabilities, marketing capabilities and brand influence, and promote China's transformation from a lock manufacturing giant to a manufacturing powerhouse.

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.